Global Polyoxymethylene Market 2017-2021

Overview of the global polyoxymethylene market

Research analysis on the global polyoxymethylene (POM) market identifies that the advantages for POM will be one of the major factors that will have a positive impact on the growth of the market. Properties such as toughness, resilience, fatigue endurance, stiffness and crystallinity allow the use of POM as a replacement for metal that is mainly used in the automotive industry. In addition, benefits like high tensile strength, resistance to oils and organic solvents, low moisture absorption, and electrical properties. POM has singular characteristics as materials helping in the designing and styling of structures in the construction industry. Moreover, the use of POM in construction materials gives rise to lower assembly costs and enhances the lifespan of the components and their performance. Technavio’s market research analysts predict that this market will grow at a CAGR of more than 6% by 2021.

The increasing utilization of POM nanocomposites is one of the key trends that will contribute to the growth of this market in the forthcoming years. POM is one of the common engineering thermoplastics that is widely used to develop nanocomposites. POM nanocomposites are made using numerous methods. Also, POM nanocomposites have been used in many experiments such as bone implantation.

Competitive landscape and key vendors  

The POM market consists of numerous vendors and is likely to see rapid growth in the forecast period. The increased demand for POM from major end-user industries, such as automotive and electrical, is one of the key benefits that will drive the growth of this market. Numerous POM vendors are introducing new production plants or expanding their prevailing plants to compete in the market.

The leading vendors in the market are –

• BASF
• Celenese
• DuPont
• Korea Engineering Plastics
• MITSUBISHI GAS CHEMICAL
• Polyplastics

The other prominent vendors in the market are A. Schulman, Asahi Kasei Plastics, China National Bluestar, DATONG COAL MINE, GEHR Plastics, Grupa Azoty, Henan Energy and Chemical Industry Group, KOLON PLASTIC, LG Chem, POLYMER INDUSTRIES, Saudi Basic Industries (SABIC), Tangshan Zhonghao Chemical, Tianjin Bohua YongLi Chemical Industry, and Yunnan Yuntianhua.

Segmentation by end-user and analysis of the polyoxymethylene market

• Automotive
• Electrical
• Consumer

During 2016, the automotive segment accounted for the major shares of the polyoxymethylene market. Advantages such as the excellent rigidity and toughness and low co-efficient friction will contribute to the growth of this industry segment in the coming years.

Geographical segmentation and analysis of the polyoxymethylene market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the market throughout the forecast period. The growth of the automotive and electrical industries is one of the main reasons that is driving the growth of the POM market in this region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global polyoxymethylene market?
• What are the key market trends impacting the growth of the global polyoxymethylene market?
• What are the challenges to market growth?
• Who are the key vendors in the global polyoxymethylene market?
• What are the market opportunities and threats faced by the vendors in the global polyoxymethylene market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global polyoxymethylene market?

Technavio also offers customization on reports based on specific client requirement.