Metal-organic Frameworks Market Exploring Growth Trajectories and Market Dynamics
Market Overview: Exploring Growth Trajectories and Market Dynamics The Metal-Organic Frameworks (MOFs) market is experiencing robust growth trajectories driven by diverse factors and dynamic market dynamics. The increasing demand for advanced materials across various industries is a primary driver, fueling the expansion of MOFs applications. As research and development continue to push boundaries, MOFs are gaining traction for their unique properties and versatile applications. Metal-organic Frameworks (MOFs) are porous materials consisting of metal ions or clusters coordinated to organic ligands. They form highly ordered structures with exceptional porosity and surface area, making them attractive for applications such as gas storage, separation, catalysis, and drug delivery. The global metal-organic frameworks market is forecast to expand at a CAGR of 13.2% and thereby increase from a value of US$8.1 Bn in 2023, to US$24.3 Bn by the end of 2030. The increasing demand for sustainab