Dublin, Oct. 21, 2024 (GLOBE NEWSWIRE) -- The "Metal Organic Frameworks Market by Type (Zinc-based, Copper-based, Iron-based, Aluminium-based, Chromium-based), Synthesis Method (Solvothermal/Hydrothermal, Microwave-assisted, Mechanochemical), and Region - Global forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
The metal organic frameworks market is estimated at USD 0.51 billion in 2024 and is projected to reach USD 1.70 billion by 2030, at a CAGR of 22.1% from 2024 to 2030.
Zinc-based metal organic frameworks are non-toxic and biodegradable that are most prominently used as a drug carrier for biomedical applications. They exhibit larger surface area, high porosity, and better thermal and chemical stability. These metal organic frameworks are synthesized using different synthesis techniques including solvothermal/hydrothermal, sonochemical, microwave-assisted, and mechanochemical. ZIF-8, ZIF-67, MOF-5 are some of the zinc-based metal organic frameworks that are used in wide range of applications such as gas storage, gas adsorption/separation, sensing & detection.
In terms of value, solvothermal/hydrothermal segment accounted for the largest share of the overall metal organic frameworks market
In 2023, the solvothermal/hydrothermal synthesis method accounted for the largest share of the metal organic frameworks market, in terms of value. Due to its cost effectiveness, superior catalytic activity, and electrochemical characteristics, it is one of the most widely used synthesis route for the preparation of metal organic frameworks. It involves long-term heating of the reaction mixture at high pressure and temperature which enables the synthesis of metal organic frameworks. Solvothermal/hydrothermal synthesis method offers higher yields and results in the growth of high quality crystals.
In terms of value, Catalysis segment accounted for the third largest share of the overall metal organic frameworks market
In 2023, Catalysis segment accounted for the third largest share of the metal organic frameworks market, in terms of value. The high degree of crystallinity and uniform porosity of metal organic frameworks ensures efficient use of active sites making them an ideal candidate for heterogeneous catalysis. Large number of active sites enhances the reaction rates and improved selectivity. Metal organic frameworks can be easily modified by changing linkers substituents to increase affinity for reactants, or by growing the number of active catalytic sites. Additionally, metal organic frameworks act as a promising candidate for electrocatalytic and photocatalytic applications due to its unique properties.
During the forecast period, the metal organic frameworks market in Asia Pacific region is projected to be the second largest region
The growth of metal organic frameworks in Asia Pacific is fuelled by rapid industrialization, increasing investments in research & development, technological advancements, and sustainability goals. Rising focus towards energy storage and hydrogen economy is fuelling the demand for high quality metal organic frameworks. China dominates the metal organic frameworks market due to large manufacturing base, abundant raw materials, cheap labour, and low production costs. Japan, South Korea, and India are significantly working on research and development activities to improve the efficiency of metal organic frameworks for wide range of applications.
The report provides a comprehensive analysis of company profiles:
Prominent companies in the Metal Organic Frameworks market include Nanorh (US), Framergy, Inc. (US), novoMOF (Switzerland), BASF (Germany), Numat Technologies (US), MOFapps (Norway), Nuada (UK), ProfMOF (Norway), ACSYNAM (Canada) and Promethean Particles Ltd.
The report provides insights on the following:
- Analysis of key drivers (Higher operational yield of metal organic frameworks for efficient gas storage, growing demand for metal organic frameworks to curb down carbon emissions), restraints (Stability issues of metal organic frameworks, High cost of metal organic frameworks), opportunities (Growing investments in green hydrogen projects to boost the market, Innovative water harvesting technologies), and challenges (Overcoming scalability challenges in metal organic framework production, Toxicity concerns in metal organic frameworks) influencing the growth of the metal organic frameworks market.
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the metal organic frameworks market.
- Market Development: Comprehensive information about lucrative markets - the report analyses the metal organic frameworks market across varied regions.
- Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the metal organic frameworks market
- Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like Nanorh, Framergy, novoMOF, BASF, Numat Technologies, MOFapps, Nuada, ProfMOF, ACSYNAM, Promethean Particles, ACMOFS, GS Alliance, Physical Sciences, Majd Onsor Fartak, SyncMOF, Immaterial Ltd., Atomis, CD Bioparticles, Nanowiz Tech, Kerone Engineering Solutions, Nanoshel, Jiangsu Xianfeng Nanomaterial Technology Co., Decarbontek, Svante Technologies and Nanochemazone among others in the metal organic frameworks market.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 216 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value (USD) in 2024 | $0.51 Billion |
| Forecasted Market Value (USD) by 2030 | $1.7 Billion |
| Compound Annual Growth Rate | 22.1% |
| Regions Covered | Global |
Key Topics Covered:
Premium Insights
- Attractive Opportunities for Players in Metal Organic Frameworks Market
- Metal Organic Frameworks Market Share, by Type, 2023
- Metal Organic Frameworks Market Share, by Synthesis Method, 2023
- Metal Organic Frameworks Market, by Application and Region, 2023
- Metal Organic Frameworks Market, by Key Country
Market Dynamics
Drivers
- Higher Operational Yield of Metal Organic Frameworks for Efficient Gas Storage
- Growing Demand for Metal Organic Frameworks to Curb Carbon Emissions
- Increasing Government Initiatives and Funding for R&D
Restraints
- Stability Issues of Metal Organic Frameworks
- High Cost of Metal Organic Frameworks
Opportunities
- Growing Investments in Green Hydrogen Projects
- Innovative Water Harvesting Technologies
Challenges
- Scalability Issues in Metal Organic Framework Production
- Toxicity Concerns in Metal Organic Frameworks
Technology Analysis
- Technology Analysis for Solvothermal/Hydrothermal Metal Organic Frameworks
- Technology Analysis for Mechanochemical Metal Organic Frameworks
- Complementary Technologies for Latest Manufacturing Process of Metal Organic Frameworks
Impact of AI/Gen AI on Metal Organic Frameworks Market
- Top Use Cases and Market Potential
- Best Practices in Metal Organic Frameworks Market
- Case Studies of AI Implementation in Metal Organic Frameworks Market
- Clients' Readiness to Adopt Generative AI in Metal Organic Frameworks Market
Case Study Analysis
- Calf-20: Game-Changing Metal Organic Framework for Carbon Capture
- Framergy, Inc. Collaborated with Alicat Scientific, Inc. for Natural Gas Purification
Metal Organic Frameworks Market, by Region
- US - Advancements in Synthesis Technology
- Canada - Advancements in Clean Energy Solutions
- Germany - Target of Net Greenhouse Gas Neutrality by 2045
- France - Increasing Focus on R&D
- UK - Government Initiatives and Funding Programs
- Italy - Demand for Clean Energy Solutions and R&D Activities
- Spain - Growing R&D Activities Related to Metal Organic Frameworks
- China - Rising R&D Activities
- India - Demand for Clean Energy and Environmental Sustainability
- Japan - Environmental Regulations and Technological Advancements
- South Korea - Rising Demand in Catalytic Applications and Advancements in Synthesis Methods
- Mexico - Expanding Metal Organic Frameworks Application to Drive Market
- Brazil - Carbon Capture and Gas Storage to Drive Market
- UAE - Industrial Initiatives and R&D to Boost Market Growth
- Saudi Arabia - Government-Led Clean Energy Initiatives to Drive Market
- South Africa - Increasing Demand for Clean Energy Solutions and Environmental Sustainability Initiatives
Company Profiles
- Nanorh
- Framergy
- Novomof
- BASF SE
- Numat Technologies
- Mofapps
- Nuada
- Profmof
- Acsynam
- Promethean Particles Ltd.
- Acmofs
- GS Alliance Co..
- Physical Sciences
- Majd Onsor Fartak
- Syncmof Inc.
- Immaterial Ltd.
- Atomis Inc.
- Cd Bioparticles
- Nanowiz Tech
- Kerone Engineering Solutions
- Nanoshel
- Jiangsu Xianfeng Nanomaterial Technology Co.
- Decarbontek
- Svante Technologies
- Nanochemazone
For more information about this report visit https://www.researchandmarkets.com/r/7om84p
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