ID: MRFR/CnM/6109-HCR | February 2021 | Region: Global | 140 Pages
TABLE OF CONTENTS
1 Executive Summary
2 Market Introduction
2.1 Market Definition
2.2 Scope of the Study
2.3 List of Assumptions
2.4 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4 Market Dynamics of Global Polyoxymethylene (POM) Market
4.1 Introduction
4.2 Drivers
4.3 Restraints
4.4 Opportunities
4.5 Challenges
4.6 Trends/Technology
5 Market Factor Analysis of Global Polyoxymethylene (POM) Market
5.1 Supply Chain Analysis
5.1.1 Raw Material Suppliers
5.1.2 Manufacturers/Producers
5.1.3 Distributors/Retailers/Wholesalers/E-Commerce
5.1.4 End User
5.2 Porter’s Five Forces Analysis
5.2.1 Threat of New Entrants
5.2.2 Bargaining Power of Buyers
5.2.3 Bargaining Power of Suppliers
5.2.4 Threat of Substitutes
5.2.5 Intensity of Competitive Rivalry
5.3 Pricing Analysis
5.4 Production Outlook
6. Global Polyoxymethylene (POM) Market, by Type
6.1 Introduction
6.2 Acetal Homopolymer
6.2.1 Market Estimates & Forecast, 2020−2027
6.2.2 Market Estimates & Forecast, by Region, 2020−2027
6.3 Acetal Copolymer
6.3.1 Market Estimates & Forecast, 2020−2027
6.3.2 Market Estimates & Forecast, by Region, 2020−2027
7. Global Polyoxymethylene (POM) Market, by Product
7.1 Introduction
7.2 Unfilled
7.2.1 Market Estimates & Forecast, 2020−2027
7.2.2 Market Estimates & Forecast, by Region, 2020−2027
7.3 Glass Fiber Reinforced
7.3.1 Market Estimates & Forecast, 2020−2027
7.3.2 Market Estimates & Forecast, by Region, 2020−2027
7.4 Impact Modified
7.4.1 Market Estimates & Forecast, 2020−2027
7.4.2 Market Estimates & Forecast, by Region, 2020−2027
7.5 UV Resistant
7.5.1 Market Estimates & Forecast, 2020−2027
7.5.2 Market Estimates & Forecast, by Region, 2020−2027
7.6 Electrically Conductive
7.6.1 Market Estimates & Forecast, 2020−2027
7.6.2 Market Estimates & Forecast, by Region, 2020−2027
7.7 Weather Resistant
7.7.1 Market Estimates & Forecast, 2020−2027
7.7.2 Market Estimates & Forecast, by Region, 2020−2027
7.8 Others
7.8.1 Market Estimates & Forecast, 2020−2027
7.8.2 Market Estimates & Forecast, by Region, 2020−2027
8. Global Polyoxymethylene (POM) Market, by End-Use Industry
8.1 Introduction
8.2 Electrical & Electronics
8.2.1 Market Estimates & Forecast, 2020−2027
8.2.2 Market Estimates & Forecast, by Region, 2020−2027
8.3 Industrial Machinery
8.3.1 Market Estimates & Forecast, 2020−2027
8.3.2 Market Estimates & Forecast, by Region, 2020−2027
8.4 Consumer Goods
8.4.1 Market Estimates & Forecast, 2020−2027
8.4.2 Market Estimates & Forecast, by Region, 2020−2027
8.5 Automotive
8.5.1 Market Estimates & Forecast, 2020−2027
8.5.2 Market Estimates & Forecast, by Region, 2020−2027
8.6 Construction
8.6.1 Market Estimates & Forecast, 2020−2027
8.6.2 Market Estimates & Forecast, by Region, 2020−2027
8.7 Sports
8.7.1 Market Estimates & Forecast, 2020−2027
8.7.2 Market Estimates & Forecast, by Region, 2020−2027
8.8 Others
8.8.1 Market Estimates & Forecast, 2020−2027
8.8.2 Market Estimates & Forecast, by Region, 2020−2027
9. Global Polyoxymethylene (POM) Market, by Region
9.1 Introduction
9.2 North America
9.2.1 Market Estimates & Forecast, 2020−2027
9.2.2 Market Estimates & Forecast, by Type, 2020−2027
9.2.3 Market Estimates & Forecast, by Product, 2020−2027
9.2.4 Market Estimates & Forecast, by End-Use Industry, 2020−2027
9.2.5 US
9.2.5.1 Market Estimates & Forecast, 2020−2027
9.2.5.2 Market Estimates & Forecast, by Type, 2020−2027
9.2.5.3 Market Estimates & Forecast, by Product, 2020−2027
9.2.5.4 Market Estimates & Forecast, by End-Use Industry, 2020−2027
9.2.6 Canada
9.2.6.1 Market Estimates & Forecast, 2020−2027
9.2.6.2 Market Estimates & Forecast, by Type, 2020−2027
9.2.6.3 Market Estimates & Forecast, by Product, 2020−2027
9.2.6.4 Market Estimates & Forecast, by End-Use Industry, 2020−2027
9.3 Europe
9.3.1 Market Estimates & Forecast, 2020−2027
9.3.2 Market Estimates & Forecast, by Type, 2020−2027
9.3.3 Market Estimates & Forecast, by Product, 2020−2027
9.3.4 Market Estimates & Forecast, by End-Use Industry, 2020−2027
9.3.5 Germany
9.3.5.1 Market Estimates & Forecast, 2020−2027
9.3.5.2 Market Estimates & Forecast, by Type, 2020−2027
9.3.5.3 Market Estimates & Forecast, by Product, 2020−2027
9.3.5.4 Market Estimates & Forecast, by End-Use Industry, 2020−2027
9.3.6 France
9.3.6.1 Market Estimates & Forecast, 2020−2027
9.3.6.2 Market Estimates & Forecast, by Type, 2020−2027
9.3.6.3 Market Estimates & Forecast, by Product, 2020−2027
9.3.6.4 Market Estimates & Forecast, by End-Use Industry, 2020−2027
9.3.7 Italy
9.3.7.1 Market Estimates & Forecast, 2020−2027
9.3.7.2 Market Estimates & Forecast, by Type, 2020−2027
9.3.7.3 Market Estimates & Forecast, by Product, 2020−2027
9.3.7.4 Market Estimates & Forecast, by End-Use Industry, 2020−2027
9.3.8 Spain
9.3.8.1 Market Estimates & Forecast, 2020−2027
9.3.8.2 Market Estimates & Forecast, by Type,2020−2027
9.3.8.3 Market Estimates & Forecast, by Product,2020−2027
9.3.8.4 Market Estimates & Forecast, by End-Use Industry,2020−2027
9.3.9 UK
9.3.9.1 Market Estimates & Forecast, 2020−2027
9.3.9.2 Market Estimates & Forecast, by Type,2020−2027
9.3.9.3 Market Estimates & Forecast, by Product,2020−2027
9.3.9.4 Market Estimates & Forecast, by End-Use Industry,2020−2027
9.3.10 Russia
9.3.10.1 Market Estimates & Forecast, 2020−2027
9.3.10.2 Market Estimates & Forecast, by Type,2020−2027
9.3.10.3 Market Estimates & Forecast, by Product,2020−2027
9.3.10.4 Market Estimates & Forecast, by End-Use Industry,2020−2027
9.3.11 Poland
9.3.11.1 Market Estimates & Forecast, 2020−2027
9.3.11.2 Market Estimates & Forecast, by Type, 2020−2027
9.3.11.3 Market Estimates & Forecast, by Product, 2020−2027
9.3.11.4 Market Estimates & Forecast, by End-Use Industry, 2020−2027
9.3.12 Rest of Europe
9.3.12.1 Market Estimates & Forecast, 2020−2027
9.3.12.2 Market Estimates & Forecast, by Type, 2020−2027
9.3.12.3 Market Estimates & Forecast, by Product, 2020−2027
9.3.12.4 Market Estimates & Forecast, by End-Use Industry, 2020−2027
9.4 Asia-Pacific
9.4.1 Market Estimates & Forecast, 2020−2027
9.4.2 Market Estimates & Forecast, by Type, 2020−2027
9.4.3 Market Estimates & Forecast, by Product, 2020−2027
9.4.4 Market Estimates & Forecast, by End-Use Industry, 2020−2027
9.4.5 China
9.4.5.1 Market Estimates & Forecast, 2020−2027
9.4.5.2 Market Estimates & Forecast, by Type, 2020−2027
9.4.5.3 Market Estimates & Forecast, by Product, 2020−2027
9.4.5.4 Market Estimates & Forecast, by End-Use Industry, 2020−2027
9.4.6 India
9.4.6.1 Market Estimates & Forecast, 2020−2027
9.4.6.2 Market Estimates & Forecast, by Type, 2020−2027
9.4.6.3 Market Estimates & Forecast, by Product, 2020−2027
9.4.6.4 Market Estimates & Forecast, by End-Use Industry, 2020−2027
9.4.7 Japan
9.4.7.1 Market Estimates & Forecast, 2020−2027
9.4.7.2 Market Estimates & Forecast, by Type, 2020−2027
9.4.7.3 Market Estimates & Forecast, by Product, 2020−2027
9.4.7.4 Market Estimates & Forecast, by End-Use Industry, 2020−2027
9.4.8 Australia & New Zealand
9.4.8.1 Market Estimates & Forecast, 2020−2027
9.4.8.2 Market Estimates & Forecast, by Type, 2020−2027
9.4.8.3 Market Estimates & Forecast, by Product, 2020−2027
9.4.8.4 Market Estimates & Forecast, by End-Use Industry, 2020−2027
9.4.9 Rest of Asia-Pacific
9.4.9.1 Market Estimates & Forecast, 2020−2027
9.4.9.2 Market Estimates & Forecast, by Type, 2020−2027
9.4.9.3 Market Estimates & Forecast, by Product, 2020−2027
9.4.9.4 Market Estimates & Forecast, by End-Use Industry, 2020−2027
9.5 Middle East & Africa
9.5.1 Market Estimates & Forecast, 2020−2027
9.5.2 Market Estimates & Forecast, by Type, 2020−2027
9.5.3 Market Estimates & Forecast, by Product, 2020−2027
9.5.4 Market Estimates & Forecast, by End-Use Industry, 2020−2027
9.5.5 GCC
9.5.5.1 Market Estimates & Forecast, 2020−2027
9.5.5.2 Market Estimates & Forecast, by Type, 2020−2027
9.5.5.3 Market Estimates & Forecast, by Product, 2020−2027
9.5.5.4 Market Estimates & Forecast, by End-Use Industry, 2020−2027
9.5.6 Israel
9.5.6.1 Market Estimates & Forecast, 2020−2027
9.5.6.2 Market Estimates & Forecast, by Type, 2020−2027
9.5.6.3 Market Estimates & Forecast, by Product, 2020−2027
9.5.6.4 Market Estimates & Forecast, by End-Use Industry, 2020−2027
9.5.7 North Africa
9.5.7.1 Market Estimates & Forecast, 2020−2027
9.5.7.2 Market Estimates & Forecast, by Type, 2020−2027
9.5.7.3 Market Estimates & Forecast, by Product, 2020−2027
9.5.7.4 Market Estimates & Forecast, by End-Use Industry, 2020−2027
9.5.8 Turkey
9.5.8.1 Market Estimates & Forecast, 2020−2027
9.5.8.2 Market Estimates & Forecast, by Type, 2020−2027
9.5.8.3 Market Estimates & Forecast, by Product, 2020−2027
9.5.8.4 Market Estimates & Forecast, by End-Use Industry, 2020−2027
9.5.9 Rest of Middle East & Africa
9.5.9.1 Market Estimates & Forecast, 2020−2027
9.5.9.2 Market Estimates & Forecast, by Type, 2020−2027
9.5.9.3 Market Estimates & Forecast, by Product, 2020−2027
9.5.9.4 Market Estimates & Forecast, by End-Use Industry, 2020−2027
9.6 Latin America
9.6.1 Market Estimates & Forecast, 2020−2027
9.6.2 Market Estimates & Forecast, by Type, 2020−2027
9.6.3 Market Estimates & Forecast, by Product, 2020−2027
9.6.4 Market Estimates & Forecast, by End-Use Industry, 2020−2027
9.6.5 Brazil
9.6.5.1 Market Estimates & Forecast, 2020−2027
9.6.5.2 Market Estimates & Forecast, by Type, 2020−2027
9.6.5.3 Market Estimates & Forecast, by Product, 2020−2027
9.6.5.4 Market Estimates & Forecast, by End-Use Industry, 2020−2027
9.6.6 Argentina
9.6.6.1 Market Estimates & Forecast, 2020−2027
9.6.6.2 Market Estimates & Forecast, by Type, 2020−2027
9.6.6.3 Market Estimates & Forecast, by Product, 2020−2027
9.6.6.4 Market Estimates & Forecast, by End-Use Industry, 2020−2027
9.6.7 Mexico
9.6.7.1 Market Estimates & Forecast, 2020−2027
9.6.7.2 Market Estimates & Forecast, by Type, 2020−2027
9.6.7.3 Market Estimates & Forecast, by Product, 2020−2027
9.6.7.4 Market Estimates & Forecast, by End-Use Industry, 2020−2027
9.6.8 Rest of Latin America
9.6.8.1 Market Estimates & Forecast, 2020−2027
9.6.8.2 Market Estimates & Forecast, by Type, 2020−2027
9.6.8.3 Market Estimates & Forecast, by Product, 2020−2027
9.6.8.4 Market Estimates & Forecast, by End-Use Industry, 2020−2027
10. Company Landscape
10.1 Introduction
10.2 Market Strategy
10.3 Key Development Analysis (Expansion/Mergers & Acquisitions/Joint Ventures/New Product Development/Agreements/Investments)
11. Company Profiles
11.1 Celanese Corporation
11.1.1 Company Overview
11.1.2 Financial Updates
11.1.3 Product/Business Segment Overview
11.1.4 Strategy
11.1.5 Key Developments
11.1.6 SWOT Analysis
11.2 Polyplastics Co., Ltd
11.2.1 Company Overview
11.2.2 Financial Updates
11.2.3 Product/Business Segment Overview
11.2.4 Strategy
11.2.5 Key Developments
11.2.6 SWOT Analysis
11.3 DowDuPont
11.3.1 Company Overview
11.3.2 Financial Updates
11.3.3 Product/Business Segment Overview
11.3.4 Strategy
11.3.5 Key Developments
11.3.6 SWOT Analysis
11.4 Mitsubishi Chemical Corporation
11.4.1 Company Overview
11.4.2 Financial Updates
11.4.3 Product/Business Segment Overview
11.4.4 Strategy
11.4.5 Key Developments
11.4.6 SWOT Analysis
11.5 Korea Engineering Plastics Co., Ltd
11.5.1 Company Overview
11.5.2 Financial Updates
11.5.3 Product/Business Segment Overview
11.5.4 Strategy
11.5.5 Key Developments
11.5.6 SWOT Analysis
11.6 ChemChina
11.6.1 Company Overview
11.6.2 Financial Updates
11.6.3 Product/Business Segment Overview
11.6.4 Strategy
11.6.5 Key Developments
11.6.6 SWOT Analysis
11.7 Asahi Kasei Corporation
11.7.1 Company Overview
11.7.2 Financial Updates
11.7.3 Product/Business Segment Overview
11.7.4 Strategy
11.7.5 Key Developments
11.7.6 SWOT Analysis
11.8 SABIC
11.8.1 Company Overview
11.8.2 Financial Updates
11.8.3 Product/Business Segment Overview
11.8.4 Strategy
11.8.5 Key Developments
11.8.6 SWOT Analysis
11.9 PolyOne Corporation
11.9.1 Company Overview
11.9.2 Financial Updates
11.9.3 Product/Business Segment Overview
11.9.4 Strategy
11.9.5 Key Developments
11.9.6 SWOT Analysis
11.10 Westlake Plastics Company
11.10.1 Company Overview
11.10.2 Financial Updates
11.10.3 Product/Business Segment Overview
11.10.4 Strategy
11.10.5 Key Developments
11.10.6 SWOT Analysis
11.11 KOLON PLASTICS INC
11.11.1 Company Overview
11.11.2 Financial Updates
11.11.3 Product/Business Segment Overview
11.11.4 Strategy
11.11.5 Key Developments
11.11.6 SWOT Analysis
11.12 RTP Company
11.12.1 Company Overview
11.12.2 Financial Updates
11.12.3 Product/Business Segment Overview
11.12.4 Strategy
11.12.5 Key Developments
11.12.6 SWOT Analysis
12. Conclusion
LIST OF TABLES
Table 1 Global Polyoxymethylene (POM) Market: by Region, 2020−2027
Table 2 North America: Polyoxymethylene (POM) Market, by Country, 2020−2027
Table 3 Europe: Polyoxymethylene (POM) Market, by Country, 2020−2027
Table 4 Asia-Pacific: Polyoxymethylene (POM) Market. by Country, 2020−2027
Table 5 Middle East & Africa: Polyoxymethylene (POM) Market, by Country, 2020−2027
Table 6 Latin America: Polyoxymethylene (POM) Market, by Country, 2020−2027
Table 7 Global Polyoxymethylene (POM) Type Market, by Regions, 2020−2027
Table 8 North America: Polyoxymethylene (POM) Type Market, by Country, 2020−2027
Table 9 Europe: Polyoxymethylene (POM) Type Market, by Country, 2020−2027
Table10 Asia-Pacific: Polyoxymethylene (POM) Type Market, by Country, 2020−2027
Table11 Middle East & Africa: Polyoxymethylene (POM) Type Market, by Country, 2020−2027
Table12 Latin America: Polyoxymethylene (POM) Type Market, by Country, 2020−2027
Table13 Global Polyoxymethylene (POM) Product Market, by Regions, 2020−2027
Table14 North America: Polyoxymethylene (POM) Product Market, by Country, 2020−2027
Table15 Europe: Polyoxymethylene (POM) Product Market, by Country, 2020−2027
Table16 Asia-Pacific: Polyoxymethylene (POM) Product Market, by Country, 2020−2027
Table17 Middle East & Africa: Polyoxymethylene (POM) Product Market, by Country, 2020−2027
Table18 Latin America: Polyoxymethylene (POM) Product Market, by Country, 2020−2027
Table19 Global Polyoxymethylene (POM) End-Use Industry Market, by Regions, 2020−2027
Table20 North America: Polyoxymethylene (POM) End-Use Industry Market, by Country, 2020−2027
Table21 Europe: Polyoxymethylene (POM) End-Use Industry Market, by Country, 2020−2027
Table22 Asia-Pacific: Polyoxymethylene (POM) End-Use Industry Market, by Country, 2020−2027
Table23 Middle East & Africa: Polyoxymethylene (POM) End-Use Industry Market, by Country, 2020−2027
Table24 Latin America: Polyoxymethylene (POM) End-Use Industry Market, by Country, 2020−2027
Table25 Global Type Market, by Region, 2020−2027
Table26 Global Product Market, by Region, 2020−2027
Table27 Global End-Use Industry Market, by Region, 2020−2027
Table28 North America: Polyoxymethylene (POM) Market, by Country, 2020−2027
Table29 North America: Polyoxymethylene (POM) Market, by Type, 2020−2027
Table30 North America: Polyoxymethylene (POM) Market, by Product, 2020−2027
Table31 North America: Polyoxymethylene (POM) Market, by End-Use Industry, 2020−2027
Table32 Europe: Polyoxymethylene (POM) Market, by Country, 2020−2027
Table33 Europe: Polyoxymethylene (POM) Market, by Type, 2020−2027
Table34 Europe: Polyoxymethylene (POM) Market, by Product, 2020−2027
Table35 Europe: Polyoxymethylene (POM) Market, by End-Use Industry, 2020−2027
Table36 Asia-Pacific: Polyoxymethylene (POM) Market, by Country, 2020−2027
Table37 Asia-Pacific: Polyoxymethylene (POM) Market, by Type, 2020−2027
Table38 Asia-Pacific: Polyoxymethylene (POM) Market, by Product, 2020−2027
Table39 Asia-Pacific: Polyoxymethylene (POM) Market, by End-Use Industry, 2020−2027
Table40 Middle East & Africa: Polyoxymethylene (POM) Market, by Country, 2020−2027
Table41 Middle East & Africa: Polyoxymethylene (POM) Market, by Type, 2020−2027
Table42 Middle East & Africa: Polyoxymethylene (POM) Market, by Product, 2020−2027
Table43 Middle East & Africa: Polyoxymethylene (POM) Market, by End-Use Industry, 2020−2027
Table44 Latin America: Polyoxymethylene (POM) Market, by Country, 2020−2027
Table45 Latin America: Polyoxymethylene (POM) Market, by Type, 2020−2027
Table46 Latin America: Polyoxymethylene (POM) Market, by Product, 2020−2027
Table47 Latin America: Polyoxymethylene (POM) Market, by End-Use Industry, 2020−2027
LIST OF FIGURES
FIGURE 1 Global Polyoxymethylene (POM) Market Segmentation
FIGURE 2 Forecast Research Methodology
FIGURE 3 Five Forces Analysis of Global Polyoxymethylene (POM) Market
FIGURE 4 Value Chain of Global Polyoxymethylene (POM) Market
FIGURE 5 Global Polyoxymethylene (POM) Market, 2020−2027, by Country, 2020
FIGURE 6 Share of Global Polyoxymethylene (POM) Market, by Country, 2020−2027
FIGURE 7 Global Polyoxymethylene (POM) Market Size, by Type, 2020
FIGURE 8 Share of Global Polyoxymethylene (POM) Market, by Type, 2020−2027
FIGURE 9 Global Polyoxymethylene (POM) Market Size, by Product, 2020
FIGURE10 Share of Global Polyoxymethylene (POM) Market, by Product, 2020−2027
FIGURE11 Global Polyoxymethylene (POM) Market Size, by End-Use Industry, 2020
FIGURE12 Share of Global Polyoxymethylene (POM) Market, by End-Use Industry, 2020−2027
$7.6 Billion
5.7%%
Asia-Pacific
2021-2028
Polyoxymethylene (POM) Market Overview
Polyoxymethylene (POM) Market is projected to be worth USD 7.6 Billion by 2028, registering a CAGR of 5.7% during the forecast period (2021 - 2028).
POM belongs to the family of engineering thermoplastic; it is available in two forms homopolymer and copolymer. POM is highly crystalline, offers good creep and wear resistance, and can withstand chemical attack. Though POM accounts for nearly 5.2% of the global engineering plastics demand, it holds huge potential and is expected to exhibit a CAGR of over ~8% during the forecast period. It is widely used across an array of industries including electronics and electrical, automotive, consumer goods, and others.
The prime factor expected to drive the growth of the global POM market is increasing demand in the automotive and electrical and electronics industries. The industries together account for more than half of the POM demand globally. The properties of POM such as good electric insulation, lightweight, good strength, and chemical resistance makes it suitable for use in the electrical and electronics and transportation industries. In electrical and electronics, POM is used in the manufacturing of parts such as fan parts, buttons, relays, micro-gears, camera parts and in domestic appliances such as washing machines, telephones, and dishwashers. Hence, the growth of the electrical and electronics industry is expected to boost the demand for POM during the forecast period.
Besides, owing to its lightweight properties, POM is used in the production of various 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 increasing consumption of engineering plastics in the automotive industry is expected to fuel the demand for POM.
The supply-side driver of the global POM market growth is regulatory approvals for the use of POM in various end-use industries apart from electrical and automotive. For instance, the Food and Drug Administration (FDA) has approved POM as safe for use in the food & beverage industry. Similarly, the International Association of Plumbing Mechanical Officials (IAPMO) and Building Officials Conference of America (BOCA) have approved the use of POM for plumbing fixtures and piping and mechanical applications, which is expected to increase the adoption of POM in the upcoming years.
Investments in the capacity expansion is a noted trend among the players in the global market. For instance, Celanese Corporation announced its debottlenecking activity to increase its POM production capacity. Once operational Celanese will be the world’s largest POM producer followed by BASF and KOLON joint venture.
However, the availability of traditional materials and other engineering thermoplastics and poor resistance of POM towards alkali and acid attacks are expected to hamper the demand during the forecast period.
Global Polyoxymethylene (POM) Market Share, by Application, 2017 (%)
Source: MRFR Analysis
Regional Analysis
The market in Asia-Pacific held the largest share of the global POM market in 2017 and is expected to register a significant CAGR during the review period. The expanding automotive industry in the region coupled with the growth of the automotive aftermarket in the region are factors expected to drive the demand for POM. Besides, the electrical and electronics industry is growing significantly in the ASEAN region, which is expected to propel the demand for POM during the forecast period.
The European market is also expected to be the prominent market for POM on account of the presence of large number of automobile OEMs and stringent vehicular emission regulations.
The North American market is expected to register a healthy CAGR due to the rising demand for POM in major end-use industries, such as automotive and healthcare.
The Latin American market is expected to witness considerable growth due to the growing automotive industry and demand for consumer goods. The market in the Middle East & Africa is likely to exhibit considerable growth during the review period on account of growing industrialization in the region.
Segmentation
The global polyoxymethylene (POM) market has been segmented by type, product, end-use industry, and region.
Based on type, the global market has been segmented into acetal homopolymer and acetal copolymer
By product, the global market has been divided into unfilled, glass fiber reinforced, impact modified, UV resistant, electrically conductive, weather resistant, and others.
On the basis of end-use industry, the global market has been segregated into electrical and electronics, industrial machinery, consumer goods, automotive, sports, and others.
The global POM market, by region, has been studied concerning five regions—North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Key Players
Some of the key players operating in the global POM market are Polyplastics Co., Ltd (Japan), Celanese Corporation (US), DowDuPont (US), Mitsubishi Chemical Corporation (Japan), BASF SE (Germany), Korea Engineering Plastics Co., Ltd (South Korea), ChemChina (China), Asahi Kasei Corporation (Japan), SABIC (Saudi Arabia), PolyOne Corporation (US), Westlake Plastics Company (US), and KOLON PLASTICS INC (South Korea).
Intended Audience
Report Attribute/Metric | Details |
---|---|
Market Size | 2028 : USD 7.6 Billion |
CAGR | 5.7% (2021-2030) |
Base Year | 2020 |
Forecast Period | 2021 to 2030 |
Historical Data | 2019 |
Forecast Units | Value (USD Billion) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | By type, product, end-use industry, and region. |
Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
Key Vendors | Polyplastics Co., Ltd (Japan), Celanese Corporation (US), DowDuPont (US), Mitsubishi Chemical Corporation (Japan), BASF SE (Germany), Korea Engineering Plastics Co., Ltd (South Korea), ChemChina (China), Asahi Kasei Corporation (Japan), SABIC (Saudi Arabia), PolyOne Corporation (US), Westlake Plastics Company (US), and KOLON PLASTICS INC (South Korea). |
Key Market Opportunities | Growth of the electrical and electronics industry is expected to boost the demand. |
Key Market Drivers | Increasing demand in end use industries, and replacement for plastics among others. |
Frequently Asked Questions (FAQ) :
The outlook of the global polyoxymethylene market looks very promising.
polyoxymethylene market is estimated to register 5.6% CAGR during the forecast period (2021-2028).
By type, the homopolymer segment and by end-use industry, the electrical and electronics segment account for the major share in the global polyoxymethylene market.
Asia Pacific holds the largest share in the global polyoxymethylene market, followed by North America and Europe, respectively.
Celanese Corporation (US), Polyplastics Co., Ltd (Japan), DowDuPont (US), BASF SE (Germany), Mitsubishi Chemical Corporation (Japan), Korea Engineering Plastics Co., Ltd (South Korea), Asahi Kasei Corporation (Japan), ChemChina (China), SABIC (Saudi Arabia), Westlake Plastics Company (US), PolyOne Corporation (US), and KOLON PLASTICS INC (South Korea), are some of the major players operating in the polyoxymethylene market.