Progress and Market Prospects of Industrialization of MOF/COF

Market Analysis: The Industrialization Process of MOF/COF Optoelectronic Materials is Accelerating

Date: May 8th, 2024

Source: New Materials Industry Report

With breakthroughs in preparation technology and cost reduction, the industrialization process of MOF/COF materials in the field of optoelectronics is accelerating.

Technological maturity:

At present, the synthesis technology of two-dimensional COF materials is relatively mature, and laboratory scale preparation has been achieved. The large-scale production of 3D MOF/COF materials still faces challenges, but some companies have begun to lay out pilot production lines. In terms of thin film preparation, vapor deposition and liquid phase epitaxy technologies are gradually improving, which can meet the basic requirements of device integration.

Cost analysis:

With the optimization of synthesis routes and the decrease in raw material costs, the preparation cost of MOF/COF materials has decreased from several thousand yuan per gram in 2018 to several hundred yuan per gram currently. It is expected that by 2026, the cost of some commercial grade MOF materials can be reduced to less than 100 yuan per gram.

Expansion of application areas:

In addition to traditional catalysis and sensing fields, new applications of MOF/COF materials in the field of optoelectronics are constantly emerging:

Photovoltaic field: as a hole transport layer for perovskite solar cells

Display field: as a matrix material for quantum dot light-emitting diodes

Detection field: as the active layer of high-sensitivity photodetectors

market prediction:

According to market research reports, the global MOF/COF market is expected to grow from $380 million in 2023 to $1.25 billion in 2028, with a compound annual growth rate of 26.8%. Optoelectronic applications will become a rapidly growing niche field, expected to account for over 30%.

Investment hotspots:

Recently, the capital market has significantly increased its attention to the field of MOF/COF materials, with investment priorities focused on:

Large scale preparation technology developer

Specialized equipment manufacturer

High end optoelectronic application solution provider

New material enterprises with core intellectual property rights

Challenges and Opportunities:

The main challenges facing the industry include the lack of a standardized system, insufficient long-term stability data, and compatibility issues with existing processes. However, with the continuous maturity of technology and the expansion of application scenarios, the development prospects of MOF/COF materials in the field of optoelectronics are very broad.