Polyoxymethylene (POM) Market Report By Application & Regional Analysis, 2024
Polyoxymethylene (POM) Market report published by Value Market Research is an in-depth analysis of the market covering its size, share, value, growth and current trends for the period of 2018-2024 based on the historical data. This research report delivers recent developments of major manufacturers with their respective market share. In addition, it also delivers detailed analysis of regional and country market.
According to the global Polyoxymethylene (POM) Market report published by Value Market Research, the market is expected to touch USD 4,780.5 Million by 2024, with a CAGR of 7.5% growing from USD 2,920.6 Million in 2017.
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the polyoxymethylene (POM) market includes Asahi Kasei Chemicals Corporation, BASF SE, Buhler AG, Celanese Corporation, Daicel Corporation, E.I. DuPont de Nemours & Company, Formosa Plastics Corporation USA, LG Chem Ltd., Mitsubishi Engineering Plastics Corporation, Polyplastics Company Ltd., SABIC Innovative Plastics USA LLC, and Schulman. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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Market Dynamics
Growing shift towards lightweight and low vehicle emission are likely to increase utilization of polyoxymethylene in the automotive industry is expected to drive the boost the market demand. With automobile manufacturers preferring engineering thermoplastic such as polyoxymethylene is anticipated to receive a significant market growth. Rapidly growing automotive industry in Asia Pacific region is likely to further drive the market over the forecast period. However, rising adoption of bio-based-engineering plastics in end-use industries is likely to hinder the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of polyoxymethylene (POM).
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Market Segmentation
The broad polyoxymethylene (POM) market has been sub-grouped into application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Application
- Automotive
- Electrical
- Consumer
- Others
Regional Analysis
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for polyoxymethylene (POM) in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
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