Press release
Polyoxymethylene(POM) Market to Witness Robust Expansion by 2023
POM (Polyoxymethylene), also known as acetal homopolymer and polyacetal, is an engineering thermoplastic with mechanical properties that make it be widely used in high load mechanical applications and other high precision parts, such as gears, bearings, medical devices, etc. It provides a wide operating temperature range, low friction, excellent dimensional stability, as well as high wear resistance with the stiffness and strength. POM can be divided in two major categories: POM homopolymer (POM-H) and POM copolymer (POM-C), which has different characteristics.
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Global Polyoxymethylene(POM) Market: Forecast by Type / Application / Region
Under the background of slower economy growth rate, companies face the higher risks of profit decline. Currently, POM market has a certain potential in US, EU, Japan, and Korea. These areas demand are relatively stable. During these years, China's POM industry maintains a rapid growth.
In future, the POM consuming market will still has a certain amount of growth. Global competition is likely to turn to the relationship of competition and cooperation. With the development of economy, Asia has huge market potential in the future. Owing to the increasing of demand in POM downstream products, the world POM capacity will continue to expand.
Over the next five years, LPI(LP Information) projects that POM (Polyoxymethylene) will register a xx% CAGR in terms of revenue, reach US$ xx million by 2023, from US$ xx million in 2017.
Global Polyoxymethylene(POM) Market: Key Players
Ticona
Dupont
Polyplastics
KEP
Mitsubishi
BASF
Kolon
Asahi Kasei
LG Chem
Formosa Plastis
Yunnan Yuntianhua
PTM Engineering Plastics
Shanghai Bluestar POM
China Bluechemical
Shenhua Group
HNEC
Tianjin Bohua Yongli
Yankuang Group
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Related Information:
United States Polyoxymethylene(POM) Market Research Report 2018
Europe Polyoxymethylene(POM) Market Research Report 2018
North America Polyoxymethylene(POM) Market Research Report 2018
Asia-Pacific Polyoxymethylene(POM) Market Research Report 2018
China Polyoxymethylene(POM) Market Research Report 2018
EMEA Polyoxymethylene(POM) Market Research Report 2018
Global Polyoxymethylene(POM) Market Research Report 2018
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