Polyoxymethylene Pom Market Report
Polyoxymethylene Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2022-2027 See less
Polyoxymethylene Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2022-2027
Polyoxymethylene Market is Segmented by Type (Homopolymer POM and Copolymer POM), by Grade Type (Standard, Reinforced, Impact Modified, Recycled, UV Stabilized, Special Grade, and Others), by End-User Industry Type (Electrical and Electronics, Transportation, Medical, Food Packaging, Consumer Goods and Appliances, Construction, and Others), and by Region (North America [The USA, Canada, and Mexico], Europe [Germany, France, The UK, Russia, Italy, and Rest of Europe], Asia-Pacific [China, Japan, India, South Korea, and Rest of Asia-Pacific], and Rest of the World [Brazil, Argentina, and Others]).
Polyoxymethylene Market is Segmented by Type (Homopolymer POM and Copolymer POM), by Grade Type (Standard, Reinforced, Impact Modified, Recycled, UV Stabilized, Special Grade, and Others), by End-User Industry Type ...
Polyoxymethylene is a semi-crystalline engineering thermoplastic that is majorly used to create high-precision parts for different applications which require good dimensional stability and sliding properties. It exhibits various properties which include excellent wear resistance, low coefficient of friction, high degree of crystallinity, excellent dimensional stability, resistance against chemical and organic solvent, among others. There are different grades of polyoxymethylene which have different properties for different applications. These grades include reinforced grade, toughened grade, UV stabilized grade, nanocomposites and others. Certain limitations associated with the material include poor resistance against strong acids, bases and oxidizing agents, easy burning without suitable stabilizer system, high mold shrinkage, and poor resistance to UV radiation.
Demand for polyoxymethylene is rising from the pharma and medical sectors as well as from the industrial sector. Due to emergence of the pandemic, the demand for the product from the medical sector has been increased as a result of increased healthcare spending by various nations, which ultimately boosted the market for polyoxymethylene.
Increasing use of polyoxymethylene in the electrical and electronics, and automotive industries is the major factor driving the growth of the market. Polyoxymethylene is increasingly used in the electrical and electronics sector owing to its exceptional durability and thermal insulation capabilities whereas it is used in manufacturing various automotive parts as it reduces the overall weight of the vehicle for reduction of vehicular emissions. Furthermore, increasing R&D expenditure in the electrical and automobile industries would also support the growth of the market over the forecast period. Overall, the polyoxymethylene market is expected to grow at a healthy CAGR of 3.2% during the forecast period.
Based on the type, the market is bifurcated into homopolymer POM and copolymer POM. Copolymer POM is likely to remain the more utilized type of polyoxymethylene in the foreseen future owing to its high processibility. It is preferred for various applications which demand a low coefficient of friction.
Based on the grade type, the market is segmented as standard, reinforced, impact modified, recycled, UV stabilized, special grade, and others. Standard grade is expected to remain the most preferred grade type of the polyoxymethylene market during the forecast period. It is mostly utilized in the production of medical devices, surgical tool handles, automobiles, and other different components. The standard grade polyoxymethylene market is likely to grow in the future with a favorable outlook for the use of plastics in the medical sector.
Based on the end-user industry type, the market is segmented as electrical and electronics, transportation, medical, food packaging, consumer goods and appliances, construction, and others. Among these application types, the electrical and electronics industry is likely to remain the biggest demand generator for polyoxymethylene during the forecast period. Polyoxymethylene is increasingly used in the electrical and electronics industry, owing to its various properties, such as good electrical and thermal insulation, easy-to-modify nature, lightweight, and shatter resistance. Electric housing, circuit boards, switches and wiring components, enclosures, sockets and connectors, cooling systems, etc. are some of the important applications of polyoxymethylene in the electronics industry.
In terms of regions, Asia-Pacific is expected to remain the largest market for polyoxymethylene over the forecast period on account of the high consumption of polyoxymethylene in the region, especially in China as the country has the presence of various electrical and electronics, and automobile industries. Furthermore, Asia-Pacific is also likely to exhibit the highest growth over the forecast period owing to the increasing demand from the developing economies in the region.
The following are some of the key players in the polyoxymethylene market:
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s polyoxymethylene market realities and future market possibilities for the forecast period of 2022 to 2027. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
The polyoxymethylene market is segmented into the following categories:
Polyoxymethylene Market, by Type
Polyoxymethylene Market, by Grade Type
Polyoxymethylene Market, by End-User Industry Type
Polyoxymethylene Market, by Region
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Custom Research: Stratview research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@Stratviewresearch.com
The polyoxymethylene market is estimated to grow at a healthy CAGR of 3.2% over the next five years. Increasing use of polyoxymethylene in the electrical and electronics, and automotive industry is the major factor driving growth of the market.
Dow DuPont, Kolon BASF innoPOM Inc., China National Bluestar (Group) Co. Ltd., Asahi Kasei Corporation, Korea Engineering Plastics Co. Ltd., Mitsubishi Engineering Plastics Corporation, Polyplastics Co. Ltd., Celanese Corporation, RTP Company, and Polyone Corporation are some of the key players in the market.
Asia-Pacific is estimated to be dominant in the polyoxymethylene market in the coming years owing to high consumption of polyoxymethylene in the region.
Asia-Pacific is estimated to grow at the fastest rate in the coming five years owing to the increasing demand for polyoxymethylene from the developing economies in the region.
Electrical and electronics industry is likely to maintain its dominance in the market in the next five years on account of the increasing use of polyoxymethylene in the electrical and electronics industry owing to its various properties, such as electrical and thermal insulation, easy-to-modify nature, lightweight, and shatter-resistance, etc.
Why are We Class Apart?
Advanced Materials Offer Next Growth Wave
We Specialize in Composites & other Materials Market Research
>60% of the First Buyers Come Back to Us
>95% Client Satisfaction Ratio, the Industry's Highest
Clients Across the Value Chain
Track the Latest Trends in Advanced Materials
Know High Growth Opportunities