Metal-organic framework Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Metal-Organic Framework Market Size and Forecasts (2021 - 2031), Global and Regional Growth Opportunity Analysis, and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00020593
  • Category : Chemicals and Materials
  • No. of Pages : 150
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Metal-organic framework Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

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MARKET ANALYSIS

Metal-organic framework is highly structured porous materials composed of metal ions coordinated to organic ligands. It is crystalline, 3-dimensional structure, known for porosity characteristic resulting in large surface area and high void volume. The ligands connected to metal nodes in the metal-organic framework vary in size, shape and functionality, allowing wide range of metal-organic framework structures with different properties. The high porosity and surface area of metal-organic framework is used for gas storage and separation application. They selectively absorb gases based on their size, polarity and interactions with the metal-organic framework structure. This property has wide applications in natural gas storage, carbon capture, and separation of gases.

GROWTH DRIVERS AND CHALLENGES

The increasing demand for efficient and sustainable energy solutions across the globe has aided the metal-organic framework market growth in the past few years. Metal-organic framework is significantly utilized in energy storage and conversion applications such as batteries, supercapacitors, and fuel cells. The tunability of metal-organic frameworks allow for design of materials with enhanced material conductivity, surface area, and ion transport properties, making them suitable for energy storage and conversion devices. These structures can be designed to have high specific surface area, tunable pore size, which enhance the electrode-electrolyte interaction and improve ion transport properties. Metal-organic frameworks are also used in solar energy harvesting applications such as photovoltaic and solar thermal systems. It is incorporated into solar cells to improve light absorption and charge transport properties, leading to enhanced efficiency. It can be utilized in solar thermal systems as material for heat storage and transfer. The utilization of metal-organic frameworks as components of electrolytes in energy storage devices such as lithium-ion batteries and fuel cells are other factors fuelling the global metal-organic framework market. Environmental concerns related to metal-organic framework processing pose a challenge to the metal-organic framework market. Metal-organic framework contain metal ions or ligands that can be toxic or environmentally harmful. The potential leaching of metals or ligands from metal-organic frameworks into environment raises concerns about their long-term impact on ecosystem. However, research and development can be useful to mitigate of potential risk associated with the utilization and disposal of metal-organic framework.

REPORT SEGMENTATION AND SCOPE

The "Global Metal-organic framework Market Analysis to 2030" is a specialized and in-depth study with a major focus on the global metal-organic framework market trends and growth opportunities. The report aims to provide an overview of the global metal-organic framework market with detailed market segmentation by type, application, and geography. The global metal-organic framework market has been witnessing high growth over the recent past and is expected to continue this trend during the forecast period. The report provides key statistics on the consumption of metal-organic framework worldwide along with their demand in major regions and countries. In addition, the report provides the qualitative assessment of various factors affecting the metal-organic framework market performance in major regions and countries. The report also includes a comprehensive analysis of the leading players in the metal-organic framework market and their key strategic developments. Several analyses on the market dynamics are also included to help identify the key driving factors, market trends, and lucrative metal-organic framework market opportunities that would, in turn, aid in identifying the major revenue pockets.

Further, ecosystem analysis and Porter’s five forces analysis provide a 360-degree view of the global metal-organic framework market, which helps understand the entire supply chain and various factors affecting the market growth.

SEGMENTAL ANALYSIS

The global metal-organic framework market is segmented on the basis of type, and application. Based on type, the metal-organic framework market is segmented as, zinc-based, copper-based, iron-based, and others. On the basis of application, the market is classified as, gas storage and separation, catalysis, drug delivery, and others. Based on type, the iron-based metal-organic frameworks accounted for a significant metal-organic framework market share which can be attributed to its high functionality and advantages. Iron-based metal-organic frameworks exhibit excellent thermal and chemical stability allowing them to maintain their structural integrity under various conditions. Further, the choice of ligands used in iron-based metal-organic frameworks can be varied, enabling wide range of structural and functional properties. Zinc-based metal-organic frameworks exhibit biocompatibility making them potential product for application in drug delivery, and biomedicine. Copper-based metal-organic framework for its catalytic properties and offers several advantages such as tunability and selectivity. Based on application, gas storage and separation accounted for a major metal-organic framework market share due to wide range of applications in natural gas storage, carbon capture and storage, and gas purification. The increasing demand for energy storage materials and solar energy harvesting materials worldwide is boosting the demand for metal-organic framework. Metal-organic framework is also used as catalysts or catalyst support in various chemical reactions. It is used in drug delivery application, primarily due to its porous structure that enables encapsulation and controlled release of drugs.

REGIONAL ANALYSIS

The report provides a detailed overview of the global metal-organic framework market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. Asia Pacific is estimated to account for a significant metal-organic framework market share globally. The region has witnessed surge in research and development activities for metal-organic frameworks. Further, Asia Pacific is also home to several industries that utilize metal-organic framework. The growing industrial sector in countries such as China, Japan, South Korea is expected to boost the demand for metal-organic framework. Europe is expected to witness considerable growth due to growing collaborative research of metal-organic framework amongst research institutions, industries and government, facilitating commercialization of the product. This factor creates potential opportunities for metal-organic framework production.

INDUSTRY DEVELOPMENTS AND FUTURE OPPORTUNITIES

Partnership, acquisitions and new product launches were found to be the major strategies adopted by the players operating in the global metal-organic framework market.

In August 2020, Energy Exploration Technologies Inc and ProfMOF announced partnership to promote the utilization of metal-organic frameworks in renewable energy, lithium-ion production, and battery storage.

IMPACT OF COVID/IMPACT OF GEOPOLITICAL SCENARIO/IMPACT OF RECESSION

The COVID-19 pandemic adversely impacted the global economy and slowed the growth of various industries such as chemicals & materials, electronics, and solar energy, among others. The shutdown of multiple manufacturing plants and factories in North America, Europe, Asia Pacific, South America, and the Middle East & Africa affected the global supply chain. Various companies announced possible delays in product deliveries and projected a slump in the sales of their products. In addition, travel bans imposed by countries in Europe, Asia Pacific, and North America affected business collaborations and partnership opportunities. All these factors hampered the progress of the materials industry, along with restraining the growth of various markets related to this industry. Moreover, gas storage and separation activities in various industries also witnessed a decline during this period owing to the shortage of raw materials and limited workforce. However, in 2021, businesses regained their production capacities as the governments of various countries eased out the previously imposed restrictions. Moreover, introduction of COVID-19 vaccine further eased the situation leading to a rise in business activities across the globe. The start of operations in the manufacturing units positively impacted the metal-organic framework market. Further, manufacturers could overcome the demand and supply gap by operating at total capacity. Moreover, the export and import volumes in the chemicals & materials industry increased due to the relaxation of border and trade restrictions. Therefore, the metal-organic framework market has recovered quite well from the aftermath of the pandemic and is expected to grow over the coming years.

COMPETITIVE LANDSCAPE AND KEY COMPANIES

Some of the key players operating in the metal-organic framework market include, BASF SE, MOF Technologies, Ltd, Strem Chemicals Inc, Alfa Aesar, MOFgen, ProfMOF, Mosaic Materials, NuMat Technologies, MOFTech, Green Science Alliance Co Ltd, Framergy Inc, and Nanoshel LLC, among others.

REGIONAL FRAMEWORK

Metal-Organic Framework Market Report Analysis

Metal-Organic Framework Market

  • CAGR (2023 - 2031)
    XX%
  • Market Size 2023
    US$ XX Million
  • Market Size 2031
    US$ XX Million

Report Coverage

  • Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
  • Key future trends
  • Detailed PEST/Porter’s Five Forces and SWOT analysis
  • Industry landscape and competition analysis & recent developments
  • Detailed company profiles
  • Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

  • Atomis
  • EnergyX
  • Framergy X
  • GS Alliance Co., Ltd.
  • MOFgen Ltd.
  • NanoResearch Elements Inc.
  • novoMOF AG
  • ProfMOF
  • Tarsis Technology

Regional Overview

  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

Market Segmentation

  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
MARKET PLAYERS

Metal-Organic Framework Market Report Scope

Report Attribute Details
Market size in 2023 US$ XX Million
Market Size by 2031 US$ XX Million
Global CAGR (2023 - 2031) XX%
Historical Data 2021-2022
Forecast period 2024-2031
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Atomis
  • EnergyX
  • Framergy X
  • GS Alliance Co., Ltd.
  • MOFgen Ltd.
  • NanoResearch Elements Inc.
  • novoMOF AG
  • ProfMOF
  • Tarsis Technology
    • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
    Report Coverage
    Report Coverage

    Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

    Segment Covered
    Segment Covered

    This text is related
    to segments covered.

    Regional Scope
    Regional Scope

    North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

    Country Scope
    Country Scope

    This text is related
    to country scope.

    The List of Companies

    1. Atomis
    2. EnergyX
    3. Framergy X
    4. GS Alliance Co., Ltd.
    5. MOFgen Ltd.
    6. NanoResearch Elements Inc.
    7. novoMOF AG
    8. ProfMOF
    9. Tarsis Technology
    10. ZoraMat

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