Metal organic frameworks (MOFs) are crystalline materials consisting of metal ions or metal-containing units coordinated to organic linkers to form one-, two-, or three-dimensional structures. These porous structures can be customized for different applications such as gas capture and separation, gas storage, drug delivery, and catalysis. MOFs have very high internal surface areas and controlled pore sizes, enabling chemisorption of various gases. They have advantages such as customizable structures, uniform pore sizes, high surface areas, and tunable functionalities. MOFs play a vital role in industries including oil and gas, environmental protection, food processing, and healthcare.
The global Metal Organic Framework Market is estimated to be valued at US$ 420.19 Mn in 2023 and is expected to exhibit a CAGR of 5.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Opportunity:
Gas storage applications are expected to witness significant growth owing to the opportunity for MOFs to store industrial gases. MOFs have ability to selectively capture gases through varying surface chemistries and tuned pore structures. They can capture large volumes of gases while maintaining structural integrity at higher pressures. This makes MOFs an attractive material for industrial gas storage. MOFs show tremendous potential as reversible gas adsorbents for applications such as natural gas storage, hydrogen storage, and carbon dioxide capture and storage. The tunable porosity and functionality of MOFs allows optimizing their properties for efficient gas storage. Increasing demand for industrial gases from various end-use industries is projected to boost the adoption of MOFs for gas storage applications during the forecast period.
Porter’s Analysis
Threat of new entrants: The threat of new entrants is moderate. Significant capital investments are required to develop and commercialize MOFs. The established players hold significant patents which create barriers for new players. However, growing applications can attract new startups with innovative technologies.
Bargaining power of buyers: The bargaining power of buyers is moderate. MOFs find applications in industries like gas storage, drug delivery, sensors etc. Buyers can negotiate on price and quality standards. However, customized and patent-protected products reduce substitutability.
Bargaining power of suppliers: The bargaining power of suppliers is moderate to high. Suppliers of raw materials like organic ligands and metal ions used for synthesizing MOFs are fragmented. This gives them scope to influence prices. However, availability of substitutes keeps their power in check.
Threat of new substitutes: The threat of substitutes is moderate. Other porous materials like activated carbon, zeolites offer competition. But unique properties of MOFs like tunable pore size, functionalizable surface boost their attractiveness.
Competitive rivalry: Competition in the market is high due to presence of numerous global and regional players. Manufacturers compete based on innovation, quality, and customization.
SWOT Analysis
Strengths: MOFs exhibit high surface area, tunable porosity and functionalizability. These properties make them suitable for a wide range of catalysis, gas storage and separation applications.
Weaknesses: Commercial production of MOFs involves high costs. Large scale synthesis is a challenge. Some MOFs display poor stability issues.
Opportunities: Growing research on drug delivery, sensors and energy storage widens the scope for MOF applications. Asia Pacific offers high market potential driven by increasing industrialization.
Threats: Stringent environmental regulations can affect MOF production. Prices of raw materials required for synthesis are volatile. Substitutes like zeolites and porous polymers offer competition.
Key Takeaways
The Global Metal Organic Framework Market Size is expected to witness high growth at a CAGR of 5% during the forecast period of 2023 to 2030. Significant research and development activities are expanding the application scope of MOFs.
Regional analysis: North America dominates the global MOF market currently. This is attributed to presence of major research institutions and production facilities in the US and Canada. Asia Pacific is poised to be the fastest growing region on account of increasing industrial base and government funding for material science research in countries like China and India.
Key players: Key players operating in the metal organic framework market include BASF SE, MOF Technologies Ltd., Strem Chemicals Inc., Framergy, Inc., Ex e eleChem International, Green Science Alliance Co. Ltd., MOFWORX, and NuMOF. BASF is a prominent manufacturer known for its MOF line under the name Basolite.
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Metal-Organic Frameworks Market report published by Value Market Research, which studies the future outlook of the market.
It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2019-2027.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the Metal-Organic Frameworks include Strem Chemicals, ProfMOF, Nanoshel LLC, novoMOF AG, MOFWORX, GS Alliance Co., Ltd., and NanoResearch Elements Inc..
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Metal-Organic Frameworks Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/metal-organic-frameworks-market/download-sampleMarket SegmentationThe broad Metal-Organic Frameworks has been sub-grouped into the Type, Application and Region.
The report studies these subsets with respect to the geographical segmentation.
The strategists can gain a detailed insight and devise appropriate strategies to target specific market.
The research report includes specific segments by region (country), by company, by Type and by Application.
This study provides information about the sales and revenue during the historic and forecasted period of 2015 to 2026.
Understanding the segments helps in identifying the importance of different factors that aid the market growth.Download FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/61489/global-artificial-metal-organic-frameworks-2020-949Segment by Type, the Artificial Metal Organic Frameworks market is segmented into:Zinc-Based Organic FrameworkCopper-Based Organic FrameworkIron-Based Organic FrameworkAluminum-Based Organic FrameworkMagnesium-Based Organic FrameworkOthersSegment by Application:IndustryBusinessOthersGlobal Artificial Metal Organic Frameworks Market: Regional AnalysisThe Artificial Metal Organic Frameworks market is analysed and market size information is provided by regions (countries).
The report includes country-wise and region-wise market size for the period 2015-2026.
It also includes market size and forecast by Type and by Application segment in terms of sales and revenue for the period 2015-2026.The key regions covered in the Artificial Metal Organic Frameworks market report are:North AmericaU.S.CanadaEuropeGermanyFranceU.K.ItalyRussiaAsia-PacificChinaJapanSouth KoreaIndiaAustraliaTaiwanIndonesiaThailandMalaysiaPhilippinesVietnamLatin AmericaMexicoBrazilArgentinaMiddle East & AfricaTurkeySaudi ArabiaU.A.EGlobal Artificial Metal Organic Frameworks Market: Competitive AnalysisThis section of the report identifies various key manufacturers of the market.
It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market.
