The global Polyoxymethylene (POM) Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 5.1% during the review period (2022 to 2027)
Polyoxymethylene (POM) Market Overview
Polyoxymethylene (POM) is a thermoplastic that has several engineering properties such as high stiffness, low friction, and excellent dimensional stability used for making precise medical equipment, automotive parts, electronics components, and consumer goods. Different chemical firms manufacture POM with a few formula changes and market using several trade names like Derlin, Duracon. POM is used in the production of several automotive parts and components such as gear systems, locks, antenna, door mirrors, fuel covers, and others. The use of POM in automobiles helps to reduce the weight of the vehicle, which results in better performance, low emissions, and increased fuel efficiency. Moreover, with the increasing environmental regulations on vehicular emissions and growing consumption of engineering plastics in the automotive industry is expected to fuel the demand for POM. The rising use of polyoxymethylene in the electrical & electronics industry is because of their thermal and insulation properties and excellent durability. Several applications regarding the use of POM are circuit boards, switches, electrical housing, wiring, sockets, connectors, and cooling systems. They make mass production more cost-efficient and thus fetching more profits for the manufacturers. The use of polyoxymethylene makes the electronic appliances more lightweight and offers a much better reduction in heating of appliances which in turn increases the life and durability of the products.
Industry News:
GPAC capital participation in a new POM manufacturing company in China
Polyplastics Co., Ltd established a new polyacetal (hereinafter “POM”) manufacturing company in Nantong, Jingji Dev Zone, China to increase the production capacity of POM in China (announced in January 2022).
Polyplastics’ New Medical Grade “DURACON® POM PM Series” will be at Global Exhibitions
The Polyplastics Group has been serving the medical and healthcare industry for decades with its high purity Cyclic Olefin Copolymer, TOPAS® COC. Now it is expanding its portfolio with newly developed Polyoxymethylene (POM) materials, the “DURACON® POM PM Series”. These materials will be presented at leading exhibitions around the world
What are the major Applications, Types and Regions for Polyoxymethylene (POM) Market?
By Type, it is segmented into
- Homo-polyoxymethylene
- Co-polyoxymethylene
- Others
By Applications it is segmented into
- Automotive Industry
- Consumer
- Others
Polyoxymethylene (POM) Market Regional Analysis
Asia-Pacific is expected to witness a major progress in the electronics industry, as China is one of the largest electronics manufacturers globally, followed by South Korea and Japan. In Europe, Germany is the major producer of electronics, and the market is projected to expand during the forecast period, due to the rising demand for more innovative and technologically-advanced products in the industry. Thus, increasing the consumption of polyoxymethylene (POM) in the electronics market.
North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Middle East & Africa
- Latin America
The Polyoxymethylene (POM) Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Polyoxymethylene (POM) Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
What is our Polyoxymethylene (POM) Market Report Scope?
Report Attributes
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Report Details
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Forecast Period 2022 to 2027 CAGR
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CAGR of 5.1% during the review period (2022 to 2027).
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By Type
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- Homo-polyoxymethylene
- Co-polyoxymethylene
- Others
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By Application
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- Automotive Industry
- Consumer
- Others
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By Companies
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Polyplastics Co.,Ltd, Mitsubishi Engineering-Plastics Corporation, Celanese, DowDuPont, YUNTIANHUA, BLUESTAR, HENAN ENERGY AND CHEMICAL INDUSTRY, Shenhua Ningxia Coal Industry Group Co., Ltd, CNOOC Tianye Chemical Co., Ltd., BASF, Formosa Plastics Corporation, Asahi Kasei, KOLON, KEP
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Regions Covered
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- North America
- Europe
- Asia-Pacific
- Rest of the World
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Countries Covered
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- US
- Canada
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
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Base Year
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2022
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Historical Year
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2017 to 2021
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Forecast Year
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2022 to 2027
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Number of Pages
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111
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Customization Available
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Yes, the report can be customized as per your needs
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Key Takeaways from this Polyoxymethylene (POM) Report
- Evaluate Polyoxymethylene (POM) market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
- Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.
- Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.
- Analyze the sales and distribution channels across geographies to enhance top-line revenues.
- Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.
- Get a quick outlook on the Polyoxymethylene (POM) market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
- Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.
FAQ -
What is the study period of this market?
The Polyoxymethylene (POM) Market is studied from 2017 - 2027.
What is the growth rate of Polyoxymethylene (POM) Market?
The Polyoxymethylene (POM) Market is growing at a CAGR of 5.1% over the next 5 years.
What regions does this Polyoxymethylene (POM) Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.