Metal-organic Framework Market to Depict CAGR of 11 % from 2019 to 2027; Revenue and Upcoming Trends Report

Metal-organic Framework Market: Introduction

In terms of value, the global metal-organic framework market is anticipated to expand at a CAGR of ~11% from 2019 to 2027

Metal-organic framework is a class of porous materials constructed from metal-rich inorganic nodes bonded with organic linkers. The structure provides high density of three-dimensional porous cores with a large surface area, uniform cross-linkages, and tunable porosity. Metal-organic framework possesses excellent absorption rate for hydrogen, water, carbon dioxide, and water. These key properties significantly impact its commercial applications in various end-use industries.

Metal-organic framework is likely to be used widely in key applications such as solar, catalysis, carbon absorption, gas storage, wastewater treatment, drug delivery, and biomedical. Over the last decade, extensive R&D and publication activities have been conducted in metal-organic framework by research organizations and public sector agencies, due to its excellent molecular benefits.

Consumption of metal-organic framework in the U.S., Japan, China, and South Korea is projected to increase significantly during the forecast period. In terms of volume, North America and Asia Pacific were the leading regions of the global metal-organic framework market in 2018. Currently, consumption of metal-organic framework is in the nascent stage; however, it is expected to rise significantly during the forecast period.

Request Sample Copy: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=33944

High Demand for Hydrogen Gas in Metal-organic Framework Market

End-use industries have been compelled to reduce carbon emission due to global warming. However, high demand for energy in residential and commercial sectors is fueling carbon emission across the globe.

According to the International Energy Agency, 2018 witnessed highest carbon emission, i.e. more than ~37 billion tons, in several countries around the globe. Rise in carbon emission has led to an increase in demand for pollution-reducing technologies, materials, and systems that can absorb carbon dioxide effectively.

Metal-organic framework possesses superior quality of absorption of hydrogen, carbon dioxide, hydrogen, and methane, due to its large surface area and high porosity properties. Growth in demand for materials that lower carbon emission in industries is estimated to propel the metal-organic framework market during the forecast period.

Lack of Commercialization to Hamper Market

Large numbers of universities, commercial research centers, material scientists, and researchers across the globe are conducting extensive R&D activities in metal-organic framework. Metal-organic framework is still seeking validation for commercial usage in key industries such as industrial gases, petrochemical, energy & power, oil & gas, chemical, and pharmaceutical. This is projected to hamper the metal-organic framework market during the forecast period.

The manufacturing process of the metal-organic framework is expensive, due to the need for advanced machinery for precise production output. Very few players produce metal-organic framework on a large scale, owing to its limited consumption. The price of one gram of metal-organic framework is quite high. This is likely to adversely affect the global market during the forecast period.

Enquiry Before Buying: https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=33944

Copper-based Metal-organic Framework to Witness Demand

Based on type, the copper-based segment constituted a major share of the metal-organic framework market, in terms of revenue, in 2018. The segment is expected to expand at a CAGR of 11% during the forecast period.

Copper is one of the prominent materials used widely in key commercial applications, due to its high porosity and high-density benefits. It is compatible with industrial gases and other solvents.

Gas Storage Application to Drive Metal-organic Framework Market

Based on application, the gas storage segment accounted for a prominent share of the global metal-organic framework market in 2018. Metal-organic framework can absorb compressed gases such as hydrogen, methane, and acetylene.

Small amounts of metal-organic framework is required to absorb high volume of gases. This is an important characteristic for application of metal-organic framework in industrial gases and petroleum industries.

Asia Pacific to be Lucrative Market for Metal-organic Framework

In terms of value, Asia Pacific held a major share of the global metal-organic framework market in 2018. It is projected to remain a rapidly expanding region of the global metal-organic framework market from 2019 to 2027. Rapid industrialization in China and India can be ascribed to factors such as increase in demand for industrial gases such as hydrogen, methane, and propylene. This is driving the consumption of metal-organic framework in these countries.

Demand for metal-organic framework in North America is anticipated to be high, primarily in the U.S., due to increase in the adoption of metal-organic framework in various end-use applications and R&D activities in the region

Metal-organic Framework Market: Competition Landscape

The metal-organic framework market is fragmented, owing to the presence of several large and small manufacturers. Companies are focusing on strategic collaborations and partnerships with key end-use industries in order to increase their customer base. Prominent manufacturers operating in the global metal-organic framework market are:

Strem Chemicals

novoMOF AG

ProfMOF

MOFWORX

Nanoshel LLC

GS Alliance Co., Ltd.

NanoResearch Elements Inc.

ACSYNAM

IMMATERIAL LABS LTD.

Promethean Particles Ltd

MOF Technologies Ltd

Numat Technologies, Inc.

Mosaic Materials LLC

Mofgen Ltd

Global Metal-organic Framework Market: Segmentation

Metal-organic Framework Market, by Type

Zinc-based

Copper-based

Iron-based

Aluminum-based

Magnesium -based

Others (including Titanium, Zirconium, and Nickel)

Get Full Customized Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=33944

Machine Learning Aid in Discovery of New Metal-organic Frameworks

Manufacturers in the metal-organic framework market are gaining expertise in large-scale screening and machine learning (ML) to discover new MOFs used for the removal of organosulfurs from high-sour natural gas. Industrial development is the key driver that are triggering the demand for metal-organic frameworks for the removal of gaseous organosulfurs from high-sour natural gas in various industrial situations. Growing demand for utilization and exploitation of clean energy resources has further catalyzed market growth.

More Trending Reports by TMR:

Calcium Carbonate Market: https://www.transparencymarketresearch.com/calcium-carbonate-market.html

Conductive Inks Market: https://www.transparencymarketresearch.com/conductive-ink-market.html

Textile Chemicals Market: https://www.transparencymarketresearch.com/textile-chemicals-market.html

Paving Materials Market: https://www.transparencymarketresearch.com/paving-materials-market.html

Ferrosilicon Market: https://www.transparencymarketresearch.com/ferrosilicon-market.html

About Us Section:

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyse information.

Now avail flexible Research Subscriptions, and access Research multi-format through downloadable databooks, infographics, charts, interactive playbook for data visualization and full reports through MarketNgage, the unified market intelligence engine. Sign Up for a 7 day free trial!

Contact Us

Rohit Bhisey
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com

This release was published on openPR.