Metal-Organic Framework Market Comprehensive Study: Forecasted Market Size And Growth Rate

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company offers in-depth market insights through Metal-Organic Framework Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The metal-organic framework market size has grown exponentially in recent years. It will grow from $0.37 billion in 2023 to $0.49 billion in 2024 at a compound annual growth rate (CAGR) of 31.3%. The growth in the historic period can be attributed to strong economic growth in emerging markets, increase in usage of smartphones, technological developments in metal-organic frameworks and increase in demand for clean energy.

The metal-organic framework market size is expected to see exponential growth in the next few years. It will grow to $1.25 billion in 2028 at a compound annual growth rate (CAGR) of 26.7%. The growth in the forecast period can be attributed to increasing government support, increase in gas storage capacities, increasing use of electronics and rising urbanization. Major trends in the forecast period include focus on specialized mof materials for several applications, use of artificial intelligence (ai) in the discovery and identification of different metal-organic frameworks, focus on developing new metal-organic frameworks for improving efficiency and operations across different areas of application, focus on increasing investments to expand technological capabilities and focus on strategic partnerships and collaborations.

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Market Segmentation:
The metal-organic framework market covered in this report is segmented -

1) By Product Type: Zinc-Based, Copper-Based, Iron-Based, Aluminum-Based, Magnesium-Based, And Other Types
2) By Application: Gas Storage, Gas and Liquid Adsorption, Catalysis, Drug Delivery, Other Applications

Major Driver - Industrial Gas Production Surge Propels Growth In Metal-Organic Framework Market
The growing production of industrial gases for different applications is expected to propel the growth of the metal-organic framework market. Industrial gases are gases that are at room temperature and pressure such as oxygen, hydrogen, and nitrogen, and they are used in various industrial applications such as in the production of chemicals, power, medicine, electronics, aerospace, and food. MOFs are used for industrial gas storage and separation along with catalysis. According to Entrepreneur India, the Indian industrial gas market is expected to surpass $3.9 billion in the year 2023 because of the growing demand for the metal industry. Therefore, the increasing production of industrial gasses for different applications drives the growth of the metal-organic framework market.

Competitive Landscape:
Major companies operating in the metal-organic framework market report are NuMat Technologies Inc, NovoMOF AG, MOFapps, Atomis Inc, Advanced Chemical Synthesis and Manufacturing (ACSYNAM), MOFgen Ltd, ProfMOF, Mosaic Materials Inc, NanoResearch Elements Inc, ET Co Ltd, GS Alliance Co Ltd, Intelligent Materials Private Limited, Aritech Chemazone Pvt Ltd, Girard Hervouet, BASF SE, Promethean Particles Ltd, Rosneft, Largo, Electromash, Elemental Holding, Ascensus Specialties, Aperam, ArcelorMittal, Gerdau, Sinobras, Ternium, BUCHI Labortechnik AG, DILO Armaturen, Anlagen, Hilliard Corporation, National Aluminum Products Company, Mih Building Material, Alico Industries Company Limited, Urbanstudio, Assmang Limited, Anglo American Platinum Limited, BHP Billiton plc, Arewa Metal Containers Limited (Armeco), Abumet Nigeria Limited, African Steel Mills Limited

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Top Trend - Utilizing Artificial Intelligence For Accelerated Metal-Organic Framework Discovery And Design
Stakeholders in the metal-organic framework market are focusing on the usage of artificial intelligence (AI) in the discovery and identification of different metal-organic frameworks. There is an increasing amount of experimental and theoretical MOF structural data. The design of MOFs using machine learning (ML) is used to identify target MOF structures in silico speeding up the MOF discovery cycle. For example, in 2021, researchers at the University of Toronto, a public research university in Canada and Northwestern University, a US-based private research university, built an automated materials discovery platform that generates the design of various molecular frameworks, which significantly reduces the time required to identify the optimal materials for use. The system uses machine learning algorithms to learn from the data as it analyses materials and suggests new materials that were not originally imagined. A large number of MOF structures are constructed on the computer and their performance is simulated using molecular-level modeling. A training pool applicable to the chosen application of MOF is then created for quicker material discovery.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Metal-Organic Framework Market Characteristics
3. Metal-Organic Framework Market Trends And Strategies
4. Metal-Organic Framework Market - Macro Economic Scenario
5. Metal-Organic Framework Market Size And Growth
…..
27. Metal-Organic Framework Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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