Global Polyoxymethylene (POM) Market, By Type (Homopolymer POM and Copolymer POM), Process (Injection Molding, Extrusion Molding, Others), Grade (Standard, Reinforced, Impact Modified, Recycled, UV Stabilized, Special Grade), End-User Industry (Electrical and Electronics, Transportation, Medical, Food Packaging, Consumer Goods and Appliances, Construction, and Other End-user Industries), Country (U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Luxemburg, Rest of Europe, Japan, China, South Korea, India, Australia And New Zealand, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America UAE, Saudi Arabia, Egypt, Israel, South Africa, And Rest Of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Polyoxymethylene (POM) Market
Data Bridge Market Research analyses that the polyoxymethylene (POM) market will witness a CAGR of 7.4% for the forecast period of 2021-2028 and is likely to reach at USD 7258.01 million by 2028.
Polyoxymethylene (POM) is a thermoplastic-based on formaldehyde. Polyformaldehyde, polymethylene glycol, and polyoxymethylene glycol are all names for POM. Precision items that require strong dimensional stability and sliding qualities are frequently made with POM resins. They're employed in various industries, including automotive, electrical and electronic, industrial, and medicine delivery.
The polyoxymethylene (POM) market is being driven by rising applications in the electrical and electronics industry and rising usage in the transportation sector. Demand for POM in packaging and consumer electronics is likely to drive polyoxymethylene (POM) market expansion even faster. Another significant factor is the growing trend in autos to replace heavy metal component items with light plastic material as well as the acceptance for POM in medical applications. In addition, the raw material manufacturing from natural gas and penetration of metal and UV detectable POM in the food and packaging industry will create ample opportunities for the polyoxymethylene (POM) market for the forecast period of 2021-2028.
Other potential includes furniture, sports sectors, and rising polyoxymethylene usage in food contact materials, to name a few. As a result, the market has a lot of room to grow.
However, there are some constraints, such as regulatory rules in place to protect the environment from the dangers of thermoplastics and price changes in raw materials.
This polyoxymethylene (POM) 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) 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) Market Scope and Market Size
The polyoxymethylene (POM) market is segmented on the basis of type, process, grade 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.
- On the basis of type, the polyoxymethylene (POM) market is segmented into homopolymer POM and copolymer POM.
- On the basis of process, the polyoxymethylene (POM) market is segmented into injection molding, extrusion molding, and others. Others are further segmented into rotational molding, blow molding, and physical foaming.
- Based on grade, the polyoxymethylene (POM) market is segmented into standard, reinforced, impact modified, recycled, uv stabilized, and special grade.
- On the basis of end-user industry, the polyoxymethylene (POM) market is segmented into electrical and electronics, transportation, medical, food packaging, consumer goods and appliances, construction, and other end-user industries.
Polyoxymethylene (POM) Market Country Level Analysis
The polyoxymethylene (POM) market is analysed and market size, volume information is provided by country, type, process, grade and end-user industry as referenced above.
The countries covered in the polyoxymethylene (POM) 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) market and will continue to flourish its dominance due to rapid urbanization, and increasing automotive production in China, India, Japan, and Indonesia. However, Europe and North America will continue to project the highest growth rate in the forecast period of 2021 to 2028 because of the rising demand for consumer goods and increased production capacities of leading companies.
The country section of the polyoxymethylene (POM) 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) Market Share Analysis
The polyoxymethylene (POM) 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) market.
Some of the major players operating in the polyoxymethylene (POM) market report are Dow, DuPont, Polyplastics Company Ltd., Asahi Kasei Chemicals Corporation, Celanese Corporation, SABIC Innovative Plastics USA LLC, Mitsubishi Engineering-Plastics Corporation, China National Bluestar (Group) Co. Ltd, SABIC, Polyone Corporation, and Korea Engineering Plastics Co. Ltd., Jet-Hot, Inc., ICD High Performance Coatings, SPI Performance Coatings, and EverCoat Industries Sdn Bhd., among others. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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