About Metal Organic
Metal-organic comprises a wide range of crystalline materials and properties. It consists of a coordination bond between metal ions and organic linkers. It is one type of structural linkage between metal and solvent molecules, which provides a large surface area, in nanometers, at the atomic level. Furthermore, it has wide applications in purification, toxic gas absorption, gas absorption, liquid separation, gas storage, and catalysis. The advanced technologies in the utilization of hydrogen as an energy carrier is storage, which has been extensively explored over the past decade. however, due to advancements in technology, it offers excellent properties that can separate toxic chemicals, liquids, and gases. An increase in the production of industrial gases for various applications is projected to boost the metal-organic market in the forecast period. Geographically North America is the leading region with higher investment in research and development
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 9.1% |
The major and local companies are exploring the market by new adopting mergers & acquisitions, expansions, investments, new product launches, and collaborations as their preferred strategies. The major players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. The market is expected to grow in the gas sector. It has wide applications for producing gas to a large extent. Several companies such asnovoMOF, Immaterial, and energy are operating in the market to provide customers better with various features & unique offering products. The market is a partially fragmented market with the presence of several market players and local players. Analyst at AMA Research estimates that Global Manufacturers will contribute the maximum growth to Global Metal Organic market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
novoMOF (Switzerland), Immaterial (united kingdom), EnergyX (United States), Water Harvesting (United States), Porous Liquid Technologies (United States), UniSieve (Switzerland), MOF Technologies (united kingdom), ACSYNAM (Canada), ProfMOF (Norway), NuMat Technologies, Inc (United States), Strem chemicals UK Ltd (united kingdom) and Others are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Metal Organic market by , Application (Gas storage and separation, Liquid separation and purification, Electrochemical energy storage and Others) and Region.
On the basis of geography, the market of Metal Organic has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Type, the sub-segment i.e. Zinc will boost the Metal Organic market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Process, the sub-segment i.e. Electrochemical will boost the Metal Organic market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Structure, the sub-segment i.e. 2 Dimensional will boost the Metal Organic market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rapid Technological advancement in material science is an emerging trend in the metal-organic framework market.
Market Growth Drivers:
The growing production of industrial gases for different applications is expected to propel the growth of the metal-organic market. Huge adoption of organic metals in Industrial gases for room temperature and pressure such as oxygen, hydrogen, and nitrogen is another factor that drives the market over the forecast period.
Challenges:
The formation of organic metal is time taking which may delay further production of gases, hence this is the main factor that is hampering the market growth.
Restraints:
The main factor hampering the production and market is the cost of raw materials due to continuous government norms and the new tax imposed on the import of the raw material is the main factor affecting the manufacture to a large extend
Opportunities:
The rising demand for industrial gas storage and separation along with catalysis in order to increase the production of industrial gasses for different applications is another factor that drives the growth of the metal-organic market.
Market Leaders and their expansionary development strategies
On August 2021 EnergyX has announced a partnership with ProfMOF in order to promote the use of Metal-Organic Frameworks (MOFs), a new class of nanotechnology materials suitable for the development of projects involving renewable energy and large-scale lithium-ion production and battery storage.
On June 2021 EnergyX has announced that it’s planning to hire over 100 people by the end of the year. The main aim is to open a new U.S. tech hub to launch its Energy Innovation Lab. This Innovation lab will help the company to develop sustainable lithium technology in order to design the next generation of solid-state batteries and also to increase its product portfolio.
Key Target Audience
Regulatory Authorities, New Entrants/Investors, Strategic Business Planners, Governments, Chemical Industry, Gas producing industries, Raw Material Supplier and End-use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.