(MENAFN- GlobeNewsWire - Nasdaq) 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
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Metal Organic Frameworks Market
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