Polyoxymethylene (POM) Market Size, Share, Trend & Growth Forecast to 2024: Top Key Players - DuPont, SABIC, BASF SE, A. Schulman Inc, LG Chem, Formosa Plastics Corporation

The automotive sector is extensively implementing plastic components to reduce vehicle weight and enhance performance. According to a study by Frost & Sullivan, the use of plastics in electric vehicles is estimated to increase tremendously over the coming years. Between 2010 & 2017, plastics valuation in electric vehicles was estimated to grow from $500,000 to $73 million due to investments in battery casing plastics, powertrain plastics, wire and cable plastic materials and more. Reportedly, automotive parts manufacturer Plastic Omnium S.A would be investing a sum of$2.9 billion on developing future vehicles including EVs. The company also anticipates plastic tanks to account for 70 percent of the systems for plug-in hybrid EVs by 2025. Therefore, the growing demand for plastics in automobile production will fuel product demand, thereby fostering Polyoxymethylene market growth.

The global polyoxymethylene (POM) market is estimated to register significant growth over the ensuing years owing to the growing use of plastics in the automotive sector and the rising demand for consumer goods.

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Increasing product popularity in medical field will also be a major driver for the polyoxymethylene market during the forecast timespan. It is currently being used to manufacture pacemakers, joint replacement devices, etc. For instance, BASF's Ultraform is used in manufacturing components that are used in sterilization procedures such as plasma, superheated steam and ethylene oxide. A major challenge for polyoxymethylene market from 2017 to 2024 will be the oscillating crude oil prices. It directly affects formaldehyde production which may create inequity in product supply & demand dynamics during the forecast period.

Copolymer polyoxymethylene is poised to witness maximum growth rate over the forecast duration. This product has high flexural strength coupled with excellent fatigue resistance and lubricity. Its good electrical properties along with high mechanical strength makes it suitable for electrical applications requiring long-term stability. Copolymers are used in manufacturing bushings, clips, lugs, valves, faucets, etc. It is also used in milk pumps, filter housings, coffee spigots and food conveyors.

Reinforced polyoxymethylene shall witness prominent gains from 2017 to 2024. There are various additives available in market that can be added to the product to make a reinforced grade, for example, fiberglass, crosslinked rubber, talc filler, etc. Reinforced grades have high dimensional stability, reduced thermal expansion & shrinkage and high rigidity.

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Asia Pacific held a major share in global polyoxymethylene market in 2016 and shall grow at a significant CAGR during the forecast timeframe. This can be mainly attributed to China, which holds the maximum share in global polyoxymethylene production. China is poised to witness maximum gains owing to its growing automobile and consumer goods industry over the forecast duration.

The polyoxymethylene market is highly competitive with some of the big multinational giants operating in this space. Some major players are BASF SE, DuPont, SABIC, ChemChina, LG Chem, Asahi Kasei and A. Schulman. The market has high entry barriers for new entrants due to the capital intensiveness of this industry and widespread distribution network of established players. Companies are investing heavily in R&D initiatives to explore further product application scope, which will ultimately fuel polyoxymethylene market in the coming years. Polyoxymethylene market has both forward and backward integrated companies, for instance, Ensinger, which manufactures polyoxymethylene and makes bearings, seals and rollers from it.

Table of Content:

Chapter 1. Methodology And Scope

1.1. Methodology

1.1.1. Initial data exploration

1.1.2. Statistical model and forecast

1.1.3. Industry insights and validation

1.1.4. Definitions & forecast parameters

1.1.4.1. Definitions

1.1.4.2. Forecast parameters

1.2. Data sources

1.2.1. Primary

1.2.2. Secondary

Chapter 2. Executive Summary

2.1. Polyoxymethylene industry 360 degree synopsis, 2013 - 2024

2.1.1. Business trends

2.1.2. Type by application trends

2.1.3. Grade trends

2.1.4. Application trends

2.1.5. Regional trends

Chapter 3. Polyoxymethylene (POM) Industry Insights

3.1. Industry segmentation

3.2. Industry size and forecast, 2013 - 2024

3.3. Industry ecosystem analysis

3.3.1. Profit margin

3.3.2. Value addition

3.3.3. Distribution channel analysis

3.3.4. Vendor matrix

3.3.4.1. List of key manufacturers/suppliers

3.3.4.2. List of key/potential customers

3.4. Raw material trends

3.5. Technology landscape

3.6. Industry impact forces

3.6.1. Growth drivers

3.6.1.1. Increasing use of plastic as replacement to metals in automotive industry

3.6.1.2. Increasing acceptance for POM in medical applications

3.6.2. Industry pitfalls & challenges

3.6.2.1. Environmental regulations and health issues regarding polyoxymethylene use in plastics and application scope

3.6.2.2. Fluctuations in feedstock prices

3.7. Regulatory landscape

3.7.1. U.S.

3.7.2. Europe

3.7.3. China

3.8. Growth potential analysis

3.9. Competitive landscape, 2016

3.9.1. Company market share analysis, 2016

3.9.2. Strategic dashboard

3.9.3. Patent analysis

3.10. Porter's analysis

3.10.1. Supplier power

3.10.2. Buyer power

3.10.3. Threat of new entrants

3.10.4. Threat of substitutes

3.10.5. Industry rivalry

3.11. Regional price trends

3.11.1. Cost structure analysis

3.11.1.1. R&D cost

3.11.1.2. Manufacturing & equipment cost

3.11.1.3. Raw material cost

3.11.1.4. Distribution cost

3.11.1.5. Operating cost

3.11.1.6. Miscellaneous cost

3.11.2. Price by product

3.11.3. Regional pricing

3.12. PESTEL analysis

3.13. Innovation & sustainability

Chapter 4. Polyoxymethylene (POM) Market, Type By Application

4.1. Global polyoxymethylene market share of type by application, 2016 & 2024

4.2. Copolymer

4.2.1. Market estimates and forecasts of product by end-user, 2013 – 2024

Outer scope of this report plastics are also significant in the manufacturing of consumer products, which cover a massive product portfolio including food and non-food categories in a bid to meet growing consumer demand. FMCG spending in Asia increased by 3.8 percent within 12 months ending on June 2018. In India, consumer goods saw a spike in demands from rural areas as 40% of all branded products of daily use are sold in remote areas, which serves around 800 million people. Therefore, owing to polyoxymethylene’s extensive use in fast and slow-moving consumer goods, the Polyoxymethylene (POM) market share will witness an upward trend in the coming years.

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Related Report:

Polyoxymethylene Market Insights 2019, Global and Chinese Analysis and Forecast to 2024

Polyoxymethylene Market Insights 2019, Global and Chinese Scenario is a professional and in-depth study on the current state of the global Polyoxymethylene industry with a focus on the Chinese market. The report provides key statistics on the market status of the Polyoxymethylene manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.Overall, the report provides an in-depth insight of 2014-2024 global and Chinese Polyoxymethylene market covering all important parameters.

https://www.marketstudyreport.com/reports/polyoxymethylene-market-insights-2019-global-and-chinese-analysis-and-forecast-to-2024?utm_source=RR-SP

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