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Polyoxymethylene (POM) - Market Size, Growth Forecast 2020 to 2025

New research report on Polyoxymethylene (POM) market, which is a detailed analysis of this business space inclusive of the trends, competitive landscape, and the market size. Encompassing one or more parameters among product analysis, application potential, and the regional growth landscape, Polyoxymethylene (POM) market also includes an in-depth study of the industry's competitive scenario.

Polyoxymethylene market will be majorly driven by drifting preference from metal to plastic components usage in automobile industry. The product application in vehicle body manufacturing reduces the overall weight of the automobile as well as results in significant reduction in pollutant emissions. These positive product attributes will drive its demand in automobile industry in the coming years. Automobile market growth shall be a major revenue generator for the polyoxymethylene market over the projected timespan.

Polyoxymethylene Market is forecast to exceed USD 9 billion by 2024; according to a new research report.

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Reinforced polyoxymethylene shall witness prominent gains from 2017 to 2024. There are various additives available in market that can be added to the product to make a reinforced grade, for example, fiberglass, crosslinked rubber, talc filler, etc. Reinforced grades have high dimensional stability, reduced thermal expansion & shrinkage and high rigidity.

Polyoxymethylene (POM) - Market Size, Growth Forecast 2020 to 2025
Polyoxymethylene (POM) - Market Size, Growth Forecast 2020 to 2025

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Increasing product popularity in medical field will also be a major driver for the polyoxymethylene market during the forecast timespan. It is currently being used to manufacture pacemakers, joint replacement devices, etc. For instance, BASF's Ultraform is used in manufacturing components that are used in sterilization procedures such as plasma, superheated steam and ethylene oxide. A major challenge for polyoxymethylene market from 2017 to 2024 will be the oscillating crude oil prices. It directly affects formaldehyde production which may create inequity in product supply & demand dynamics during the forecast period.

Copolymer polyoxymethylene is poised to witness maximum growth rate over the forecast duration. This product has high flexural strength coupled with excellent fatigue resistance and lubricity. Its good electrical properties along with high mechanical strength makes it suitable for electrical applications requiring long-term stability. Copolymers are used in manufacturing bushings, clips, lugs, valves, faucets, etc. It is also used in milk pumps, filter housings, coffee spigots and food conveyors.

Automotive segment, in 2016, held the largest share in polyoxymethylene market. This enormous market share can be attributed to the growing prominence of plastic materials in replacement to metals in vehicle bodies. Electrical industry is also a major application segment for polyoxymethylene market as the product is extensively used in making wires, cables and other electrical components and devices.

Asia Pacific held a major share in global polyoxymethylene market in 2016 and shall grow at a significant CAGR during the forecast timeframe. This can be mainly attributed to China, which holds the maximum share in global polyoxymethylene production. China is poised to witness maximum gains owing to its growing automobile and consumer goods industry over the forecast duration.

The polyoxymethylene market is highly competitive with some of the big multinational giants operating in this space. Some major players are BASF SE, DuPont, SABIC, ChemChina, LG Chem, Asahi Kasei and A. Schulman. The market has high entry barriers for new entrants due to the capital intensiveness of this industry and widespread distribution network of established players. Companies are investing heavily in R&D initiatives to explore further product application scope, which will ultimately fuel polyoxymethylene market in the coming years. Polyoxymethylene market has both forward and backward integrated companies, for instance, Ensinger, which manufactures polyoxymethylene and makes bearings, seals and rollers from it.

Polyoxymethylene research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in kilo tons and revenue in USD million from 2013 to 2024, for the following segments:

Polyoxymethylene (POM) Market, Type By Application

Copolymer

Automotive

Consumer goods

Industrial

Electrical & electronics

Others

Homopolymer

Automotive

Consumer goods

Industrial

Electrical & electronics

Others

Polyoxymethylene (POM) Market By Grade

Standard

Reinforced

Impact modified

Recycled

UV stabilized

Special grade

Others

Polyoxymethylene (POM) Market By Application

Automotive

Consumer goods

Industrial

Electrical & electronics

Others

Major Highlights from Table of contents are listed below for quick lookup into Polyoxymethylene (POM) Market report

Chapter 1. Methodology and Scope

  • Definitions & forecast parameters
  • Methodology and forecast parameters
  • Data Sources

Chapter 2. Executive Summary

  • Business trends of Polyoxymethylene (POM) Market
  • Product trends
  • Application trends

Chapter 3. Polyoxymethylene (POM) Industry Insights

  • Polyoxymethylene (POM) Market Industry segmentation
  • Industry landscape
  • Analysis of Manufacturers in the Polyoxymethylene (POM) industry
  • Distribution channel analysis
  • End-use landscape
  • Vendor matrix
  • Polyoxymethylene (POM) Market Technology & innovation landscape
  • Industry impact forces
  • Polyoxymethylene (POM) Market Growth drivers
  • Industry pitfalls & challenges
  • Key trends by Segments

Chapter 4. Company Profiles

  • Business Overview of Polyoxymethylene (POM) Market Companies
  • Financial Data
  • Product Landscape
  • Strategic Outlook and Decisive Analysis of companies in Polyoxymethylene (POM) Market
  • SWOT Analysis

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