Global Polyoxymethylene (POM) Homopolymer Market, By Product Type (Sheets, Rods and Tubes), Grades (Standard, Reinforced, Impact Modified, Recycled, Ultraviolet (UV) Stabilized and Special Grade), Application (Gears, Engineering Parts and Medical Delivery Devices), End User Industry (Electrical and Electronics, Transportation, Medical, Food Packaging, Consumer Goods and Appliances, Building and Construction and Other End-user Industries), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights of Polyoxymethylene (POM) Homopolymer Market
Data Bridge Market Research analyses that the polyoxymethylene (POM) homopolymer market will witness a CAGR of 5.00% for the forecast period of 2022-2029. Growth in the polyoxymethylene (POM) homopolymer especially in the developing economies such as India and China, growing use of polyoxymethylene (POM) homopolymer for a wide range of end user applications such as transportation, medical, food packaging, consumer goods and appliances, and other end user applications, increasing investment by the government for research and development activities and surge in industrialization especially in the developing countries are the major factors attributable to the growth of the polyoxymethylene (POM) homopolymer market. Therefore, the market value, which was USD 810 million in 2020, would rocket up to USD 1,256.57 million by 2029.
Polyoxymethylene (POM) is a high-performance engineered thermoplastic that is manufactured by the process of polymerization of formaldehyde. polyoxymethylene (POM) homopolymer is used for a wide range of industrial applications owing to its constructive and mechanical properties.
Rise in demand for polyoxymethylene (POM) homopolymer by the buildings and construction processing industry in developed and developing economies is the root cause fuelling up the market growth rate. Rising application areas for polyoxymethylene (POM) homopolymer such as in electronics and electrical especially in the developing economies and growth and expansion of various end user industries especially in the developing economies will also directly and positively impact the growth rate of the market. Rising use of plastic as replacement to metals in automotive industry, rising expenditure for research and development proficiencies by the major companies, upsurge in the rate of industrialization, rising acceptance for polyoxymethylene (POM) homopolymer in medical applications and growing focus on the technological advancements and modernization in the production techniques will further carve the way for the growth of the market.
However, insufficiency in raw material demand and supply owing to the lockdown and volatility in their prices will pose a major challenge to the growth of the market. High cost associated with research and development proficiencies, surging geopolitical issues, unfavourable market conditions arising as a result of coronavirus outbreak, stringent environmental regulations, health issues regarding polyoxymethylene use in plastics and application scope and strict global trade restrictions will dampen the market growth rate. Also, non-standard feedstock prices will also create difficulties for the market.
This polyoxymethylene (POM) homopolymer market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on polyoxymethylene (POM) homopolymer market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Polyoxymethylene (POM) Homopolymer Market Scope and Market Size
The polyoxymethylene (POM) homopolymer market is segmented on the basis of product type, grade, application and end user industry. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- Based on product type, the polyoxymethylene (POM) homopolymer market is segmented into sheets, rods and tubes.
- On the basis of grades, the polyoxymethylene (POM) homopolymer market is segmented into standard, reinforced, impact modified, recycled, ultraviolet (UV) stabilized and special grade.
- On the basis of application, the polyoxymethylene (POM) homopolymer market is segmented into gears, engineering parts and medical delivery devices.
- Based on end user industry, the polyoxymethylene (POM) homopolymer market is segmented into electrical and electronics, transportation, medical, food packaging, consumer goods and appliances, building and construction and other end-user industries.
Polyoxymethylene (POM) Homopolymer Market Country Level Analysis
The polyoxymethylene (POM) homopolymer market is analysed and market size, volume information is provided by country, product type, grade, application and end user industry as referenced above.
The countries covered in the polyoxymethylene (POM) homopolymer market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the polyoxymethylene (POM) homopolymer market owing to the growing automotive industry in Asia Pacific, mainly in China, Japan and India, increase in the research and development activities, favourable investment policies by the government in order to promote industrial growth, high economic growth in the emerging countries, abundant availability of raw materials, rising demand for consumer goods in Asia Pacific and growth and expansion of various end user industries are some are important driving factors for this region.
The country section of the polyoxymethylene (POM) homopolymer market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Polyoxymethylene (POM) Homopolymer Market Share Analysis
The polyoxymethylene (POM) homopolymer market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to polyoxymethylene (POM) homopolymer market.
Some of the major players operating in the polyoxymethylene (POM) homopolymer market report are China National Chemical Corporation, SABIC, BASF SE, Korea Engineering Plastics Co., Ltd., DuPont, Asahi Kasei Corporation, LyondellBasell Industries Holdings B.V., LG Chem, BARLOG Plastics GmbH, Mitsubishi Engineering-Plastics Corporation, Dow, RTP Company, Kingfa Science & Technology (India) Limited, Techmer PM (Polymer Modifiers), SpecialChem, Devol, Avient Corporation, Celanese Corporation, Westlake Chemical Corporation and Formosa Plastics Corporation among others.
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