Metal Organic Framework (MOF) Market Size is Estimated to grow at a CAGR of 13.4% during the forecast period

• The Metal Organic Framework market was estimated to be worth USD 8.9 billion globally in 2022, and during the forecast period, a CAGR of 13.4% is anticipated. A class of crystalline material known as MOFs is composed of organic ligands and metal ions that are coordinated to produce porous structures.
• The market has grown greatly because of the growing emphasis on lowering carbon emissions and their capacity to store hydrogen effectively. MOFs' high surface area and variable porosity make them useful catalysts in chemical processes.

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Growth Drivers

• New MOF structures with improved features have been created as a result of ongoing research and development, increasing their usefulness in a variety of applications and industries. MOFs are becoming more commercially viable due to increased cooperation between research organizations, academic institutions, and industry as well as significant government and private financing.
• Due to their potential to improve charge capacity and stability, MOFs are being investigated as materials for enhancing energy storage devices, such as batteries and super capacitors, which is propelling market expansion.
• MOFs are becoming more and more in demand in biomedical imaging and sensing technologies due to their special optical and electrical characteristics.
• The development of sustainable and clean technologies is being encouraged by supportive rules and policies, which are driving the expansion of the MOF market. The market is expanding due to rising need for clean energy, growing pharmaceutical and electronics sectors, and rising demand overall.

?Segmentation

By Product Type

·?????????Aluminum Based

·?????????Copper Based

·?????????Iron Based

·?????????Zinc Based

·?????????Magnesium Based

·?????????Others

By Synthetic Method

·?????????Hydro Thermal

·?????????Microwave

·?????????Ultrasonic

·?????????Mechanochemical

·?????????Electrochemical

·?????????Others

By Application

·?????????Gas Separation, and Purification

·?????????Catalyst

·?????????Gas Storage

·?????????Drug Delivery

·?????????Carbon Capture

·?????????Atmospheric Water

·?????????Other

Regional Outlook

·?????????Asia Pacific

·?????????North America

·?????????Latin America

·?????????Middle East and Africa

·?????????Europe

??Key Players

·?????????BASF SE

·?????????MOF Apps

·?????????Prof MOF

·?????????Novo MOF

·?????????Mosaic Materials

·?????????Framergy Inc

·?????????CSIRO

·?????????NuMat

·?????????MOF Technologies

·?????????Other Players

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