The metal organic frameworks market is projected to grow from USD 0.51 billion in 2024 to USD 1.70 billion by 2030, at a CAGR of 22.1% during the forecast period. The research report covers competitor and regional analysis, metal organic frameworks market trends, share, size, growth, Opportunities and key players analysis. Metal organic frameworks are the next generation materials that are used as a carbon capture technology. Metal organic frameworks, also known as Porous Coordination Polymers, are the advanced porous materials with larger surface area and adjustable pore size that are formed by the coordination of metal ions or clusters and organic ligands. They possess excellent thermal and chemical stability and offers higher yields. Metal organic frameworks finds its primary applications in gas and liquid adsorption/separation, water harvesting, gas storage, sensing & detection, and catalysis.
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The major players active in the metal organic frameworks market are based in North America, and Europe region. Nanorh (US), Framergy, Inc. (US), novoMOF (Switzerland), BASF SE (Germany), Numat Technologies, Inc. (US), MOFapps (Norway), Nuada (UK), ProfMOF (Norway), ACSYNAM (Canada), and Promethean Particles Ltd. (UK) are among a few leading players operating in the metal organic frameworks market. Significant attention has been dedicated for developing new synthesis method in the metal organic frameworks market to meet evolving global demands. Key players have implemented various growth strategies to solidify their market position. These strategies encompass product launches, contracts, partnerships, mergers and acquisitions, and new product development activities, all aimed at enhancing their presence in the metal organic frameworks market.
BASF SE. (Germany)
BASF SE, a major player in the world of advanced materials; the company offers metal organic frameworks products through its surface technologies segment under the catalysts division. BASF SE operates its business through six main segments: chemicals, materials, industrial solutions, surface technologies, agricultural solutions, and nutrition & care. The company is a global leader in the development and production of catalysts and adsorbents, including metal organic frameworks. Metal organic frameworks, provided by BASF SE, is used for carbon capture projects to reduce greenhouse gas emissions in hard to abate industries. BASF SE has its operations spread across 93 countries, mainly in Asia Pacific, Europe, North America, South America, and Middle East and Africa region. The company outlines long term agreement as one of the key practices for growing its metal organic frameworks market business.
Nuada (UK)
Nuada is a leading carbon capture company that manufactures metal organic frameworks. It uses its vertically integrated carbon capture technology to decarbonise the industries and reach net zero in future. Nuada aims to provide efficient and cost-effective solutions to the industries through its proven vacuum swing technology to reduce the carbon emissions.
To solidify its position as a market leader in the metal organic frameworks market, Nuada has adopted both organic and inorganic growth strategies. These include deals and developments, expansions, and partnerships with businesses worldwide.
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ACSYNAM (Canada)
ACSYNAM is involved in the manufacturing, and sales of metal organic frameworks. The company is a spin-off of McGill University that deals in the development of innovative and energetic materials for various industries including commercial space and actuated devices. ACSYNAM offers wide range of metal organic frameworks that are developed using a technology that enables low waste and clean production. It aims to meet the customers’ needs and expectations through its advanced porous materials.
Zinc-based type segment is expected to grow with highest CAGR in metal organic frameworks market during the forecasted period.
The metal organic frameworks market is segmented based on the types, zinc-based, copper-based, iron-based, aluminium-based, chromium-based and others. The demand for zinc-based metal organic frameworks is rising due to its versatility, less toxic nature and biodegradability that makes them ideal for drug delivery in biomedical applications. Apart from biomedical applications, it is used in wide range of applications including gas and liquid adsorption/separation, gas storage, and sensing & detection due to its reduced energy consumption and environment friendly nature.
Microwave-assisted synthesis method is expected to have third largest share during forecasting period in terms of value.
In 2023, microwave-assisted synthesis method accounted for third largest share of the overall metal organic frameworks market in terms of value. Microwave-assisted synthesis method enables the rapid synthesis of metal organic frameworks by the direct interaction of electromagnetic waves and reactants. This enhances the energy efficiency and leads to substantial reductions in energy consumption. It is considered as one of the best synthesis technique due to shorter reaction time and desired control over the morphology. It is gaining immense attention in the field of modern chemistry.
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Catalysis application is expected to have third largest share during forecasting period, both in terms of value and volume during the forecast period
The catalysis application segment accounted for the third largest share of overall metal organic frameworks market both in terms of value and volume. The demand for metal organic frameworks is increasing for catalytic applications due to its higher specific surface area, high porosity, tunable pore size volume. Due to their uniform active sites, thermal stability, and insolubility in common solvents, the metal organic frameworks are considered as a versatile platform for designing new heterogenous catalysts. It also plays a unique catalytic role in the preparation of hydrogen and methane gas.
North America region is expected to registered highest CAGR both in terms of value and volume during forecasted period.
The metal organic frameworks market has been studied in North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
North America is expected to attain highest growth rate during the forecast period for overall metal organic frameworks market, both in terms of value and volume. The North America metal organic frameworks market is experiencing rapid growth, driven by innovative applications, technological advancements, supportive government policies, environmental awareness, and sustainability. Stringent regulations by the US government for reducing greenhouse gas emissions is pushing hard to abate industries to adopt metal organic frameworks. The region’s growing concerns about carbon emissions and the need for cleaner energy solutions is driving demand for metal organic frameworks.
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