Press release
Polyoxymethylene Market to surpass $9bn by 2024 with major key players SABIC, BASF SE, Korea Engineering Plastics Company Limited, DuPont, Asahi Kasei Corporation, A. Schulman Inc and LG Chem
Polyoxymethylene Market
Polyoxymethylene market will be majorly driven by drifting preference from metal to plastic components usage in automobile industry. The product application in vehicle body manufacturing reduces the overall weight of the automobile as well as results in significant reduction in pollutant emissions. These positive product attributes will drive its demand in automobile industry in the coming years. Automobile market growth shall be a major revenue generator for the polyoxymethylene market over the projected timespan.
Request For Sample copy of this report @
https://www.gminsights.com/request-sample/detail/1202
According to a new research report by Global Market Insights, Inc. Polyoxymethylene Market size is forecast to exceed USD 9 billion by 2024.
Increasing product popularity in medical field will also be a major driver for the polyoxymethylene market size 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.
Browse Report Summery @
https://www.gminsights.com/industry-analysis/polyoxymethylene-pom-market
Automotive segment, in 2016, held the largest share in polyoxymethylene market. This enormous market share can be attributed to the growing prominence of plastic materials in replacement to metals in vehicle bodies. Electrical industry is also a major application segment for polyoxymethylene market as the product is extensively used in making wires, cables and other electrical components and devices.
Asia Pacific held a major share in global polyoxymethylene market size 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 size 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.
Make an inquiry for purchasing this report @
https://www.gminsights.com/inquiry-before-buying/1202
Polyoxymethylene research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in kilo tons and revenue in USD million from 2013 to 2024, for the following segments:
Polyoxymethylene (POM) Market, Type By Application
Copolymer
• Automotive
• Consumer goods
• Industrial
• Electrical & electronics
Homopolymer
• Automotive
• Consumer goods
• Industrial
• Electrical & electronics
• Others
Polyoxymethylene (POM) Market By Grade
• Standard
• Reinforced
• Impact modified
• Recycled
• UV stabilized
• Special grade
Polyoxymethylene (POM) Market By Application
• Automotive
• Consumer goods
• Industrial
• Electrical & electronics
• Others
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com/
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Polyoxymethylene Market to surpass $9bn by 2024 with major key players SABIC, BASF SE, Korea Engineering Plastics Company Limited, DuPont, Asahi Kasei Corporation, A. Schulman Inc and LG Chem here
News-ID: 1573309 • Views: …
More Releases from Global Market Insights, Inc
Point of Care Ultrasound Market Outlook 2021-2025 | Analogic, Canon Medical Syst …
Growing demand for fast and accurate diagnostic tools is expected to drive point of care ultrasound market growth in the ensuing years. Point-of-care ultrasound (POCUS) has become a standard tool in the emergency department, as it answers to specific clinical queries that narrow differentials, guide clinical therapy, and direct consultations and disposition.
Recent technological advancements have led to the development of miniature POCUS that range from stationary high-end systems to small…
Medical Tourism Market Forecast 2027 By Top Players Asklepios, KPJ Healthcare Bh …
Medical Tourism Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.
Every year millions of people travel abroad seeking medical treatment and efficient surgical procedures such as cosmetic surgery, cardiovascular surgery, orthopedic and dental surgery which is referred to…
Medical X-ray Market Outlook 2021-2027 | Top Players Siemens Healthcare, GE Heal …
Medical X-ray Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.
Researchers at Northwestern University have designed a new AI-based platform that analyses lung X-rays and detects COVID-19. The machine-learning (ML) algorithm, named DeepCOVID-XR, was able to outperform a…
Biosensors Market 2021 by Top Industry Players Abbott Laboratories, Bio-Rad Inte …
Biosensors Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.
Rising incidences of several serious disorders among the global population has evoked the need to detect these at early stages in order to obtain appropriate treatment on time. This…
More Releases for Polyoxymethylene
2022 POM (Polyoxymethylene) Market | Detailed Report
ReportsnReports publishes the report titled POM (Polyoxymethylene) that presents a 360-degree overview of the market under one roof. The report is developed with the meticulous efforts of an enthusiastic and experienced team of experts, analyts, and researchers that makes the report a valuable asset for stakeholders to make robust decisions. This report also provides an in-depth overview of product type, specification, technology, and production analysis considering vital factors like cost,…
Polyoxymethylene Market | Share, Growth, Analysis & Forecast 2022
Polyoxymethylene (also known as POM) is a high performance engineering plastic that is derived from formaldehyde. It finds its applications in various end user industries such as electrical and electronics, automotive industry, consumer goods and electronics, and others. Polyoxymethylene is a preferred material in the category of high performance engineering plastics due to its various desirable properties such as excellent dimensional stability, impact resistance, fatigue resistance, and high strength. Polyoxymethylene…
Polyoxymethylene Market to get significant proceeds by 2024
Global polyoxymethylene market share has been increasing on the cusp of quickly growing automobile and moving industry. Owing to its outstanding dimensional security, low friction rate, excellent rigidity, a high grade of yield strength and stiffness, polyoxymethylene is being widely appropriated in producing exceptional lightweight materials for automobiles.
As the industrial landscape continues to evolve, the use of plastics in place of traditional metallic components, particularly in the automotive sector is…
Medical Polyoxymethylene Market Size, Share, Development by 2024
Global Info Research offers a latest published report on Medical Polyoxymethylene Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. This report focuses on the key global Medical Polyoxymethylene players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Medical Polyoxymethylene with respect to individual growth…
Global POM (Polyoxymethylene) Market Growth 2019-2024
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:…
Global Polyoxymethylene (POM) Market Research Report 2017
This report studies Polyoxymethylene (POM) in Global market, especially in North America, Europe, China, Japan, Southeast Asia and India, focuses on top manufacturers in global market, with capacity, production, price, revenue and market share for each manufacturer, covering
Ticona
Dupont
Polyplastics
KEP
Mitsubishi Engineering-Plastics
BASF
Asahi Kasei
Kolon industries
LG Chem
Formosa Plastis
Yunnan Yuntianhua
PTM Engineering Plastics (Nantong)
Shanghai Bluestar POM
China Bluechemical
Shenhua Group
Henan Energy And Chemical Industry Group
Tianjin Bohua Yongli Chemical Indusry
Yankuang Group
To Get Sample Copy of Report visit @ http://www.qyresearchreports.com/sample/sample.php?rep_id=962523&type=E
Market Segment…
