Polyoxymethylene (POM) Market Size 2022 with 2.11% CAGR : Recent Innovations & Technological Advancements in Report, Value Chain Analysis Till 2028

Posted on May 26 2022 4:38 AM

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Global “Polyoxymethylene (POM) Market” 2022 by Manufacturers, Regions, Type and Application, Forecast to 2028

The global Polyoxymethylene (POM) market is expected to register a significant CAGR 2.11% during the forecast period 2022-2028. According to Market growth reports latest research Polyoxymethylene (POM) Industry Know-how optimization stages are solutions which deliver an organization the ability to know the requirement of every individual customer and suggestion the best possible experience for them across all touch points.

The global polyoxymethylene (POM) market value was estimated at USD 2,782.95 million in 2022. The market is expected to register a CAGR of 2.74% during 2022 to 2028 (the forecast period). Asia-Pacific accounted for the largest market, accounting for around 51% of the global market share in 2022. In terms of volume, the market stood at 1,342.05 kilo metric ton and is projected to register a CAGR of 2.11% during the forecast period. Asia-Pacific accounted for the largest market, accounting for more than 63% of the global market share in 2022.

Growing Adoption in Electrical & Electronics Industry

POMs, due to their various properties, such as electrical & thermal insulation, easy to modify nature, lightweight, and shatter-resistance, are being increasingly used in the electrical & electronics segment. Some of the important applications of POM are electric housing, circuit boards, switches & wiring components, enclosures, sockets & connector, cooling systems, and many more. Asia-Pacific is expected to witness a major growth in the electronics industry, as China is one of the largest manufacturers of electronic devices and electrical components, followed by South Korea and Japan. In North America, especially the United States, the electronics industry is expected to grow at a slower rate. In Europe, Germany is the largest producer of electronics and the market is projected to expand during the forecast period, due to the growing demand for more innovative and technologically-advanced products in the industry; thus, increasing the consumption of POM in the electronics market.

Transportation the Major Consumers of POM

The contribution of POM in the field of transportation has been of great value; engineering plastics replacing conventional metals and wood, which were being used for many under the hood parts of an automobile. Usage of POM in the automotive industry has a direct impact on improving the fuel economy by reducing weight, improving the fuel efficiency of cars, cost reduction, etc. Some of the automotive components made using POM are pump housings, impellers, reservoirs, carburetor floats, bumper, steering wheel, locks, door handles, cup holders, and head rests. Polyoxymethylene are traded under trade names, like Aardalloy, Aartel, Acetron, Aksetal, etc. The major region for the automotive market is Asia-Pacific, which is a growing market for automotive sector. India and China are the two fastest-growing markets in the Asia-Pacific region. Furthermore, factors, such as corrosion resistance and aesthetic appearance, are expected to positively influence the POM market growth in the automotive industry.

Asia-Pacific to Dominate the Market

Asia-Pacific dominated the global POM market, with a share of more than 63% (in terms of volume) in 2022. Asia-Pacific is the largest market for POM consumption, due to several developing economies in the region. The product consumption is very high in China, due to POM’s application in various electrical & electronic and automobile industries. Use of POM as a replacement for metal, due to its lightweight and high strength in various sectors, has increased its consumption in major end-user industries. With the growing demand from the developing economies in the region, Asia-Pacific is also projected to register the highest CAGR (both in terms of value and volume) during the forecast period.

Who are some of the Top Manufacture operating in the Polyoxymethylene (POM) market and how high is the competition 2022?

         ●      DuPont
         ●      BASF SE
         ●      China National Bluestar (Group) Co.Ltd.
         ●      Asahi Kasei Chemical Corp.
         ●      Korea Engineering Plastics Co. Ltd.
         ●      Kolon Plastics
         ●      Mitshubishi Engineering Plastics Corporation
         ●      Polyplastics Co. Ltd.
         ●      Celanese Corporation
         ●      RTP Company
         ●      Polyone Corporatio
         ●      SABIC Innovative Plastics
         ●      Techmer ES
         ●      Westlake Plastics
         ●      Albis Plastics

And More

{ Impressive Compound annual growth rate (CAGR) 2.11% With Multiple million USD } 

Get a Sample PDF of Polyoxymethylene (POM) Market 2022

Polyoxymethylene (POM) Market Research Report provides exclusive data, information, vital statistics, trends, and competitive landscape details in this niche sector.

The report covers the key players of the business including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin Sales with an exhaustive investigation of the market's competitive landscape and definite data on vendors and thorough subtleties of elements that will challenge the development of significant market vendors.

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Key questions answered in this report: -

         ●      What will the Polyoxymethylene (POM) market size be in 2028 and what will the growth rate be?
         ●      What are the key Polyoxymethylene (POM) market trends?
         ●      What is driving this market?
         ●      What are the challenges to market growth?
         ●      Who are the key vendors in this Polyoxymethylene (POM) market space?
         ●      What are the Polyoxymethylene (POM) market opportunities and threats faced by the key vendors?

Top countries data covered in this report:

         ●      North America (U.S., Canada, Mexico)
         ●      Europe (U.K., France, Germany, Spain, Italy, Central & Eastern Europe, CIS)
         ●      Asia Pacific (China, Japan, South Korea, ASEAN, India, Rest of Asia Pacific)
         ●      Latin America (Brazil, Rest of L.A.)
         ●      Middle East and Africa (Turkey, GCC, Rest of Middle East)

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With tables and figures helping analyze Global Polyoxymethylene (POM) Market Forecast provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market

Detailed TOC of 2022- 2028 Polyoxymethylene (POM) Market Research Report - Regional Analysis, Top Players, Growth, Shares, Revenue

             ●      Introduction
    1.1 Study Deliverables
    1.2 General Study Assumptions
             ●      Research Methodology
    2.1 Introduction
    2.2 Analysis Methodology
    2.3 Study Phases
    2.4 Econometric Modelling
             ●      Executive Summary
             ●      Market Overview and Trends
    4.1 Introduction
    4.2 Market Trends
    4.3 Porter’s Five Force Framework
    4.3.1 Bargaining Power of Suppliers
    4.3.2 Bargaining Power of Consumers
    4.3.3 Threat of New Entrants
    4.3.4 Threat of Substitute Products and Services
    4.3.5 Competitive Rivalry within the Industry
             ●      Market Dynamics
    5.1 Drivers
    5.2 Restraints
    5.3 Opportunities
    5.3.1 Growing Demand
    5.3.2 Increasing Demand
             ●      Polyoxymethylene (POM) Market, Segmentation by Material Type
             ●      Polyoxymethylene (POM) Market, Segmentation by Type
             ●      Polyoxymethylene (POM) Market, Segmentation by Vehicle Type
             ●      Polyoxymethylene (POM) Market, Segmentation by Geography
    9.1 North America
    9.1.1 United States
    9.1.2 Canada
    9.1.3 Mexico
    9.1.4 Others
    9.2 South America
    9.2.1 Brazil
    9.2.2 Argentina
    9.2.3 Others
    9.3 Asia-Pacific
    9.3.1 China
    9.3.2 Japan
    9.3.3 India
    9.3.4 Others
    9.4 Europe
    9.4.1 United Kingdom
    9.4.2 Germany
    9.4.3 France
    9.4.4 Others
    9.5 Africa and Middle East
    9.5.1 UAE
    9.5.2 South Africa
    9.5.3 Saudi Arabia
    9.5.4 Others
             ●      Competitive Landscape
    10.1 Introduction
    10.2 Market Share Analysis
    10.3 Developments of Key Players
             ●      Key Vendor Analysis (Overview, Products & Services, Strategies)
             ●      Future Outlook of the Market
             ●      Disclaimer

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