Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
Metal–organic frameworks (MOFs) are made by linking organic and inorganic units by strong bonds. They are composed of two major components, including a cluster of metal ions or metal ion and an organic molecule such as linker. They includes very high surface area and porosity and were first developed in the late 1990s. MOFs has wide range of applications such as hydrogen storage, electro-catalysis, biological imaging and sensing, semiconductors drug delivery systems and many others.
Growing technological developments and advancements in material science, a surge in the demand for metal-organic framework in gas storing application, rapid industrialization in several developing economies are some of the major driving factors that anticipated to improve the growth of the global metal-organic framework market in the coming years. Likewise, increasing production of industrial gases for the variety of applications, and rising application areas of metal-organic frameworks are likely to expand the market growth. Nevertheless, the high cost related to the research and development of metal-organic framework is major restraining factor that could hamper the growth of the market.
The exclusive COVID 19 impact analysis report by Axiom MRC provides a 3600 analysis of micro and macro-economic factors on the metal-organic framework market. In addition, complete analysis of changes on metal-organic framework market expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on global economies, international trade, business investments, GDP and marketing strategies of key players present in the market.
The study analyses global metal-organic framework market based on type, process and geography.
Various types of metal-organic framework are included in the global metal-organic framework market report. These types includes aluminum-based, copper-based, iron-based, magnesium-based, zinc-based, and others. The aluminum-based metal-organic framework segment is projected to witness fast growth during the forecast period. This type of metal organic frameworks are considered as one of the most promising MOFs which have been extensively investigated owing to their outstanding framework stability. Additionally, aluminum is a quite cheap and abundant metal source compared to other types which further making it more demandable metal source for mass production of the MOFs. This is in turn improving the growth of the segment.
Based on process, the market is segmented into gas storage, gas & liquid adsorption, catalysis, drug delivery, and others. Gas storage segment is anticipated to experience rapid growth in the near future. Metal–organic frameworks are one of the safe and low-energy means of dense gas-fuel storage. They are widely used for the gas storage application, owing to their high-density porous structure, which provides improved storage capability at the molecular level.
Geographically, the study is comprised of the key countries of North America, Europe, Asia-Pacific and Rest of the World. Asia Pacific held the largest market share of global metal-organic framework market and is likely to dominate the market over the estimated time frame. The countries such as China, India and Japan are expected to dominate the market in coming years. Rapid industrialization, rising adoption of metal-organic frameworks in several end-use industries, and growing consumption of metal-organic framework for usage in research and development centres are some of the major driving factors behind the growth of the market in the APAC region.
The major key players of market includes Advanced Chemical Synthesis and Manufacturing (ACSYNAM), Atomis, EnergyX, Framergy X, GS Alliance Co., Ltd, IMMATERIAL LABS LTD, MOF Technologies Ltd, MOFgen Ltd, MOFWORX, Mosaic Materials, Inc, NanoResearch Elements Inc, Nanoshel LLC, novoMOF AG, NuMat Technologies Inc, ProfMOF, Promethean Particles Ltd, Strem Chemicals, Tarsis Technology and ZoraMat among others.
The study analyses global Metal-organic Framework market based on type, process, and geography. Metal-organic Framework market by type is segmented into aluminum-based, copper-based, iron-based, magnesium-based, zinc-based, and others. The aluminum-based segment is likely to dominate the market over the forecast period. By process, the market is segmented into gas storage, gas & liquid adsorption, catalysis, drug delivery, and others. The gas storage segment is likely to register fastest growth in years to come owing to the growing use of metal-organic frameworks for gas storage applications. Geographically, the study is comprised of the key countries of North America, Europe, Asia-Pacific and Rest of the World.
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