Metal-organic Framework Market Size And Forecast
The Global Metal-organic Framework Market report provides a holistic evaluation of the market for the forecast period. The report comprises various segments as well as an analysis of the trends and factors that are playing a substantial role in the market. These factors; the market dynamics involve the drivers, restraints, opportunities, and challenges through which the impact of these factors in the market is outlined. The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The Global Metal-organic Framework Market study provides an outlook on the development of the market in terms of revenue throughout the prognosis period.
Metal-organic Framework Market was valued at USD 10.21 Million in 2019 and is projected to reach USD 23.03 Million by 2027, growing at a CAGR of 10.7% from 2020 to 2027.
What is Metal-organic Framework?
Metal-organic frameworks (MOFs), are a class of nanoporous materials. It is also known as porous coordination polymers (PCPs). Metal-organic framework contains an inclusive range of crystalline materials. It comprises of a co-ordination bond between organic linkers and metal ions. MOFs have exceptional physical and chemical properties and can be accumulated from a variety of metals and a huge number of organic linkers. Metal-organic framework holds several attractive features such as huge surface area, easily adjustable structure, high micro pore volume and outstanding flexibility in the network topology.
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Global Metal-organic Framework Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
High demand for metal-organic framework in gas storing application, technological advancements in material science, coupled with hasty industrialization in several countries are anticipated to boost the growth of global metal-organic framework market in the near future. In addition to this growing production of industrial gases for different applications is expected to uplift the market growth metal-organic framework market. However, high cost associated with research and development of metal-organic framework may hamper the market growth.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global Metal-organic Framework Market” is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market.
Global Metal-organic Framework Market Competitive Landscape
The “Global Metal-organic Framework Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Strem Chemicals, ProfMOF, novoMOF AG, MOFWORX, GS Alliance Co., Ltd., Nanoshel LLC, NanoResearch Elements Inc., Promethean Particles Ltd, Mosaic materials LLC and Numat Technologies, Inc. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
Metal-organic Framework Market, By Product Type
Metal-organic Framework Market, By Application
• Gas Storage
• Gas & Liquid Adsorption
• Drug Delivery
Metal-organic Framework Market Geographic Scope
• North America
o Rest of Europe
• Asia Pacific
o Rest of Asia Pacific
• Rest of the World