Metal Organic Frameworks Market - By product (Aluminum, Copper, Iron, Zinc, Magnesium), By Synthetic market (Hydro thermal, Microwave, ultrasonic, mechanochemical, electrochemical), By Application (catalyst, carbon capture) - Global Forecast to 2032

Industry Statistics

Metal Organic Frameworks Market size surpassed USD 7.9 billion in 2022 and is poised to witness over 13% CAGR between 2023 and 2032. One of the prime factors largely contributing to the business expansion is the mounting demand for pharmaceuticals worldwide, attributed to the remarkable surge in disease burden and rising healthcare concerns.
 

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According to Invest India, the pharmaceutical industry in the country could attain $65 billion by 2024 and nearly $130 billion by 2030. Besides, the action also holds almost 60% of global vaccine demand and is a foremost supplier of BCG, DPT, and Measles vaccines. MOFs can be used to deliver drugs in a targeted and controlled manner, which is particularly significant for drugs with low instability or solubility in the body. MOFs can be designed to have specific pore sizes and surface properties that enable them to adsorb and release drugs selectively.
 

Lack of standardized regulations to hamper market dynamics

Metal organic framework production requires high-purity chemicals and specialized equipment, increasing the cost. MOFs are typically produced through a solvothermal process, which involves the use of solvents at high temperatures and pressure. This process requires high-purity chemicals, which can be expensive to obtain. Therefore, high production costs and lack of standardization may substantially impede the metal organic frameworks market growth.
 

Copper-based MOFs to become increasingly popular due to their broad application spectrum

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With respect to the product, the copper based segment is estimated to be worth USD 8.5 billion by 2032. MOFs made of copper find widespread usage in a variety of applications across several industry verticals attributed to their resource abundance, low cost, and nontoxicity. In addition, the increasing utilization of copper (Cu), a traditional transition metal in synthetic biology applications will open new growth avenues for the copper-based metal organic framework market.
 

Hydro(solvo)thermal synthesis to garner significant attention owing to its ability to synthesize a variety of MOFs with different structures

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Based on the synthetic method, the hydro(solvo)thermal segment is projected to register around 13.5% growth rate from 2023 to 2032. The term solvothermal synthesis refers to a chemical reaction that occurs in a solvent at a temperature higher than the solvent's boiling point in a sealed vessel. The hydrothermal approach enables the synthesis of several MOFs with 1D, 2D, and 3D structures and incorporates carboxylates, imidazole, alkaline earth metal ions, and transition metals which will favor metal organic frameworks market expansion.
 

Exceptional porosity of MOFs to drive their adoption in gas storage applications
 

MOFs find extensive utilization in numerous applications, including gas separation and purification, catalyst, gas storage, drug delivery, carbon capture, and atmospheric water. The gas storage segment is set to reach over USD 7.5 billion by 2032. MOFs (a family of porous coordination polymers) may find use in the storage of gases due to their extreme porosity and substantial internal surface areas. The escalating efforts of key product manufacturers toward issues associated with cost and stability to promote investments related to developing facilities used to treat pollution-associated gas will favor market growth.
 

Noticeable surge in pharmaceutical production to construct a robust growth outlook for the Asia Pacific MOFs industry

Asia Pacific metal organic frameworks market is predicted to grow at about 13.5% CAGR between 2023 and 2032. The regional growth can be attributed to the positive outlook of the pharmaceutical industry and increasing investments in R&D and drug development projects. China is anticipated to accumulate a modest share in the regional industry due to the increasing demand for iron- & copper-based MOFs, which, in consequence, will create favorable growth prospects for the regional market in the coming years.
 

R&D innovations to redefine the competitive landscape

BASF SE, Framergy Inc, Mosaic Materials, MOF Technologies, NuMat, CSIRO, Promethean Particles, MOF Apps, Prof MOF, and Novo MOF are some of the major companies operating in the metal organic frameworks market. These players are consistently focusing on strengthening their research landscape to manufacture new products and gain a competitive edge over their counterparts. Citing an instance, in May 2022, Promethean collaborated with Drax and the University of Nottingham to explore the use of metal-organic frameworks for energy-efficient carbon capture.
 

This market research report on metal organic frameworks includes in-depth coverage of the industry with estimates & forecast in terms of volume in Tons and revenue in USD Million from 2018 to 2032 for the following segments:

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By Products

• Aluminium Based
• Copper Based
• Iron Based
• Zinc Based
• Magnesium Based
• Others

By Synthetic Method

• Hydro(solvo)thermal
• Microwave
• Ultrasonic
• Mechanochemical
• Electrochemical
• Others

By Application

• Gas separation and purification
• Catalyst
• Gas Storage
• Drug delivery
• Carbon capture
• Atmospheric water
• Other

By Region

• North America
  • U.S.
• Europe
  • Germany
  • UK
  • France
  • Italy
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • Indonesia
  • Malaysia
• Latin America
  • Brazil
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE