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.
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.
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.
Related Reports:
Metal Organic Frameworks Market by Type (Zinc-based, Copper-based, Iron-based, Aluminium-based, Chromium-based), Synthesis Method (Solvothermal/Hydrothermal, Microwave-assisted, Mechanochemical), and Region - Global forecast to 2030
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