Polyoxymethylene is a high-performance thermoplastic, which has a wide variety of applications across automotive, industrial, consumer goods and electronics & electrical industries majorly. It has outstanding fatigue endurance, wide end-use temperature range and excellent resistance to moisture, solvents and various other neutral chemicals. Polyoxymethylene industry has always been propelled by continuous inventions and hence various patents have been registered regarding its manufacturing process, biodegradability, etc.
Polyoxymethylene (Pom) Market Conspectus
Global Polyoxymethylene (Pom) Market Report demonstrated that Polyoxymethylene (Pom) market is poised to present surging growth during the predicted period from 3,542 million USD in 2019 to reach 4,718 million USD by 2026 with a CAGR of 4.18%. Global economic development, government regulations adjustment, related industry dynamics, industrial upgrading, and competition among market’s participators are some of the key factors that influence the Polyoxymethylene (Pom) market development. A distinctive and comprehensive picture of Polyoxymethylene (Pom) is embodied in the report.
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Major Participators Landscape
Various market pacemakers covered in the report are China National Chemical Corporation (ChemChina), SABIC, BASF SE, Korea Engineering Plastics Company Limited, DuPont, Asahi Kasei Corporation, A. Schulman, and LG Chem. The report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies, which will help companies create strategies to take advantages of the emerging opportunities in the future. Production and consumption are estimated to continue developing with a stable growth rate during the forecast period. As a result of meeting the surging demand, more manufacturers are expected to go into this industry.
Market Dynamics Abstract
First and foremost, the market growth is primely attributed to the rapid development of the automotive industry, commercial goods industry, and electrical & electronics industry. Secondly, the increasing POM demand in packaging and consumer electronic appliances are also giving impetus to the Polyoxymethylene (Pom) market growth. Apart from this, Polyoxymethylene (Pom)’s properties such as low friction, high abrasion resistance, high heat resistance, good electrical properties, and low water absorption are also helping the market to grow. On the other hand, tightening regulatory policies for thermoplastics on account of environmental hazards associated with them are considered as factors that projected to hinder the market growth.
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Polyoxymethylene (Pom) Type Abstract
On the basis of the type, the Polyoxymethylene (Pom) can be bifurcated into Copolymer and Homopolymer.
Homopolymer segment occupied the maximum market share in 2018 and expected to enlarge the size during the forecast period. Homopolymer polyoxymethylene, commonly known as Delrin, is majorly used in manufacturing automotive components due to their high tensile & impact strength, superior room temperature strength, and stiffness. It is also used to manufacture industrial components such as pump impellers, conveyor plates, sprockets, springs, gears, couplings, etc.
Copolymer segment is expected to witness significant growth during the predicted years. Copolymer polyoxymethylene offers superior performance at slightly lower costs compared to homopolymers. Additionally, it has improved dimensional stability over comparable homopolymer formulations owing to its negligible crystallinity levels. The only difference between these two types is that homopolymers are 100% formaldehyde and copolymers have a minor amount of comonomers such as dioxolanes which improve the thermal stability of plastics.
Polyoxymethylene (Pom) Application Abstract
The Polyoxymethylene (Pom) is commonly used into Automotive, Consumer Goods, Industrial, and Electrical & Electronics.
Automotive segment held the major market share and projected to grow at a stable rate during the forecast period. The product is widely used for manufacturing seatbelt components, brackets, buckles, switches, latches, and components with snap-in joints in automobiles. The usage of polyoxymethylene also results in low emissions from automobiles as it reduces overall vehicular weight, which is making it a popular choice among manufacturers for replacing metal components.
Consumer goods segment is anticipated to witness considerable growth during the forecast period owing to polyoxymethylene usage in manufacturing consumer products such as garden sprays, butane lighter bodies, zippers, toys, etc. China, India, Brazil, Mexico, Thailand, and some other Asia Pacific and Latin American countries have emerged as huge potential markets for consumer goods, due to increasing per capita income of consumers, which has led to higher consumer products demand and subsequently higher polyoxymethylene demand.
Key Regions Overview
The report covers the major countries analysis in North America, Europe, Asia Pacific, and the rest of the world. Furthermore, policy mobilization, social dynamics, development trends, and economic development in these countries are also taken into consideration.
The Asia Pacific dominated the Polyoxymethylene (Pom) market with a share of 31.01% and expected to grow steadily during the forecast period. This is mainly attributed to the increasing automotive production in China, India, Japan and Indonesia, low manufacturing costs, availability of resources such as raw materials and skilled labor, favorable government policies in this region. North America is currently leading Europe with a share of 29.68% and 27.86%.
Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Polyoxymethylene (Pom) Market
…
2 Market Trends and Competitive Landscape
3 Segmentation of Polyoxymethylene (Pom) Market by Types
4 Segmentation of Polyoxymethylene (Pom) Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Polyoxymethylene (Pom) Market in Major Countries
7 North America Polyoxymethylene (Pom) Landscape Analysis
8 Europe Polyoxymethylene (Pom) Landscape Analysis
9 Asia Pacific Polyoxymethylene (Pom) Landscape Analysis
10 Latin America, Middle East & Africa Polyoxymethylene (Pom) Landscape Analysis
11 Major Players Profile
11.1 China National Chemical Corporation (ChemChina)
11.1.1 China National Chemical Corporation (ChemChina) Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 SABIC
11.3 BASF SE
11.4 Korea Engineering Plastics Company Limited
11.5 DuPont
11.6 Asahi Kasei Corporation
11.7 A. Schulman
11.8 LG Chem
…
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