Metal-Organic Framework Market Expected to Achieve 24.5% CAGR by 2029: Growth Forecast Insights

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How Large Will the Metal-Organic Framework Market Size By 2025?
The market size of the metal-organic framework has experienced rapid expansion in the past few years. Predictions indicate that it will rise from $0.48 billion in 2024 to $0.62 billion in 2025, with a compound annual growth rate (CAGR) of 29.2%. The historic surge in growth can be linked to robust economic progression in emerging markets, a surge in smartphone usage, technological advancements in metal-organic frameworks, and a rising demand for clean energy.

How Big Is the Metal-Organic Framework Market Size Expected to Grow by 2029?
The market size of the metal-organic framework is predicted to experience substantial growth in the coming years. By 2029, it is projected to reach $1.49 billion, with a compound annual growth rate (CAGR) of 24.5%. Factors such as enhanced government support, expanded gas storage capacities, escalated electronics usage, and increased urbanization contribute to the expansion during the forecast period. The major trends anticipated during this period involve a concentration on specific MOF materials for various applications, implementation of artificial intelligence (AI) in discovering and identifying diverse metal-organic frameworks, emphasis on developing new metal-organic frameworks to enhance efficiency and operations in various application areas, increased investment to further technological capabilities, and a concentrated effort towards strategic partnerships and collaborations.

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Which Key Market Drivers Powering Metal-Organic Framework Market Expansion and Growth?
The escalation in the production of industrial gases for diverse uses is predicted to stimulate the expansion of the metal-organic framework market. Industrial gases, such as oxygen, hydrogen, and nitrogen, at room temperature and pressure are utilized in various industrial operations, including chemical production, power generation, medicine, electronics, aerospace, and food. Metal-organic frameworks (MOFs) are employed in the storage and separation of these industrial gases as well as in catalysis. Data from the U.S. Energy Information Administration (EIA) indicated that in September 2024, the production of natural gas in the USA surged to 5,603,078 million cubic feet in 2023, rising from 5,964,006 in 2022. Consequently, the increasing production of industrial gases for various applications propels the growth of the metal-organic framework market.

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Which Fast-Growing Trends Are Poised to Disrupt the Metal-Organic Framework Market?
In the metal-organic framework market, the usage of artificial intelligence (AI) in the discovery and identification of various metal-organic frameworks is becoming a prominent focus for stakeholders. There's a growing amount of structural data for MOFs, both experimental and theoretical. Machine learning (ML) is leveraged to identify target MOF structures in silico, accelerating the MOF discovery process. An instance is the path-breaking technique developed by Argonne National Laboratory, a research and development center in the US, in February 2024. This approach utilizes MOFs for carbon capture and is enriched by artificial intelligence (AI). Generative AI is used in the study to suggest novel building block candidates for MOFs, thereby significantly broadening the design space for carbon capture materials. This method enables a quick evaluation of a large number of MOF candidates, facilitating the creation of over 120,000 new candidates within a mere half an hour. MOFs contain three types of building blocks - inorganic nodes, organic nodes, and organic linkers, which can be arranged in different configurations. This adaptability allows for a design that is custom-made to enhance CO2 absorption.

What Are the Emerging Segments in the Metal-Organic Framework Market?
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

Subsegments:
1) By Zinc-Based: Zinc-4,4'-Bipyridine MOFs, Zinc-Terephthalate MOFs, Other Zinc-Based MOFs
2) By Copper-Based: Copper-1,3,5-Benzenetricarboxylate MOFs, Copper-Pyrazolate MOFs, Other Copper-Based MOFs
3) By Iron-Based: Iron-Terephthalate MOFs, Iron-Fumarate MOFs, Other Iron-Based MOFs
4) By Aluminum-Based: Aluminum-1,3,5-Benzenetricarboxylate MOFs, Aluminum-Dicarboxylate MOFs, Other Aluminum-Based MOFs
5) By Magnesium-Based: Magnesium-Terephthalate MOFs, Magnesium-Sulfonate MOFs, Other Magnesium-Based MOFs
6) By Other Types: Nickel-Based MOFs, Cobalt-Based MOFs, Mixed-Metal MOFs

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Who Are the Global Leaders in the Metal-Organic Framework Market?
Major companies operating in the metal-organic framework market include 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, Strem Chemicals, MOF Technologies, Nanorh, Framergy Inc, Nuada, Physical Sciences, SyncMOF, Cbana Laboratories, Majd Onsor Fartak, Nanoshel.

Which are the Top Profitable Regional Markets for the Metal-Organic Framework Industry?
North America was the largest region in the metal-organic framework (MOF) market in 2024. The regions covered in the metal-organic framework market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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