Moving forward, MOF will be comprehensively utilised for industrial applications. Data from Chinese research firm QY Research indicates that the global market size stood at US$149 million in 2019, projected to expand 5.6-fold to US$838 million by 2026. Japan must leverage its strengths in robust research capabilities and the materials industry to achieve a resurgence.
Source: Nikkei Asian Review
More: https://cn.nikkei.com/industry/scienceatechnology/46206-2021-10-13-04-59-03.html?start=2
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