Global Metal-Organic Framework Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends
17 Aug, 2021
The metal-organic framework (MOFs) market consists of sales of metal-organic frameworks by entities (organizations, sole traders, and partnerships) that have physical and chemical properties and also have features such as high surface area, easily adjustable structure, and flexibility. Metal-organic frameworks are a class of nanoporous crystalline materials that consist of a regular array of positively charged metal ions surrounded by organic linker molecules.
Global Metal-Organic Framework Market Size And Drivers:
The global metal-organic framework (MOF) market is expected to grow from $152.63 million in 2020 to $191.76 million in 2021 at a compound annual growth rate (CAGR) of 25.6%. The change in growth trend of the metal-organic framework market is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2020. The MOFs market is expected to reach $485.06 million in 2025 at a CAGR of 26.1%. The growing production of industrial gases for different applications is expected to propel the growth of the metal-organic framework market.
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Trends In The Global Metal-Organic Framework Market
Technological advancement in material science is an emerging trend in the metal-organic framework market. Metal-organic frameworks are a new class of crystalline materials that are porous and can capture compounds in their molecular cavities. Some MOFs can be transformed into glass by cooling their liquid state. For example, some liquid and glass MOFs can exhibit properties of luminescence that demonstrate porosity, ion conductivity, and optical properties. They can also store heat in energy devices for gas permeation. For instance, in August 2020, EnergyX and ProfMOF had entered a partnership to promote the use of metal-organic frameworks (MOFs). Both the companies are looking for ways to implement nanotechnology materials that are suitable in the development of projects involving renewable energy and large-scale lithium-ion production and battery storage.
Global Metal-Organic Framework Market Segments:
The global metal-organic framework market is further segmented based on product type, application and geography.
By Product Type: Zinc-Based, Copper-Based, Iron-Based, Aluminum-Based, Magnesium-Based
By Application: Gas Storage, Gas And Liquid Adsorption, Catalysis, Drug Delivery
By Geography: The global metal-organic framework market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the metal-organic framework (MOF) market in 2020.
Read More On The Report For The Global Metal-Organic Framework Market At:https://www.thebusinessresearchcompany.com/report/metal-organic-framework-global-market-report
Metal-Organic Framework Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides metal-organic framework market overviews, analyzes and forecasts market size and growth for the global metal-organic framework market, metal-organic framework market share, metal-organic framework market players, metal-organic framework market segments and geographies, metal-organic framework market’s leading competitors’ revenues, profiles and market shares. The metal-organic framework market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.