According to the latest report by IMARC Group, titled “Polyoxymethylene Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global polyoxymethylene market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 5% during 2021-2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Polyoxymethylene (POM), also known as polyacetal, refers to a semi-crystalline engineering thermoplastic. It is utilized for manufacturing components with enhanced precision, stability, and sliding properties. Polyoxymethylene is commonly used as a metal substitute and produced through ring-opening polymerization of formaldehyde and is supplied in the form of pellets. It is widely available in homopolymer and copolymer variants which are utilized to manufacture mechanical gears, fasteners, bearings, medical devices, etc. POM offers numerous benefits, such as a wide operating temperature range, high dimensional stability, chemical and heat resistance, minimal friction, etc. As a result, it finds extensive applications across various industries, including electronic, automotive, electrical, etc.
The escalating demand for medical-grade POM for producing healthcare devices, such as needle caps and dosage knobs of insulin pens, is primarily driving the global polyoxymethylene market. Furthermore, the rising product adoption in the electronics industry is also propelling the market growth. POM is utilized in electric housing, circuit boards, switches, enclosures, wiring components, cooling systems, etc. In addition to this, the growing utilization of POM for the manufacturing of numerous plumbing components, including pump impellors, fittings, appliance casings, valve stems, jug kettles, etc., is acting as another growth-inducing factor. Additionally, the elevating demand for effective food packaging solutions and increasing utilization of POM for automotive steering wheels, locks, door handles, etc., are anticipated to bolster the polyoxymethylene market in the coming years.
Polyoxymethylene Market 2021-2026 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the global polyoxymethylene market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Asahi Kasei Corporation
- BASF SE
- Celanese Corporation
- Daicel Corporation
- DuPont de Nemours Inc.
- Kolon Plastic Inc.
- LG Chem Ltd.
- LyondellBasell Industries N.V.
- Mitsubishi Engineering-Plastics Corporation
- RTP Company (Miller Waste Mills Inc.)
- Saudi Basic Industries Corporation (Saudi Arabian Oil Co.)
- Westlake Plastics Company
Key Market Segmentation:
The report has segmented the global polyoxymethylene market on the basis of grade, end user and region.
Breakup by Grade:
- Standard
- Reinforced
- Impact Modified
- Recycled
- UV Stabilized
- Others
Breakup by End User:
- Electrical and Electronics
- Automotive and Transportation
- Medical
- Consumer Goods and Appliances
- Construction
- Others
Breakup by Region:
- North America
- Asia-Pacific
- Europe
- Latin America
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Industry Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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