Press release
North America Polyoxymethylene Market To Witness Elevated Growth During The Assessment Period: 2019-2024
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According to the Graphical Research new growth forecast report titled “North America Polyoxymethylene Market By Type (Copolymer, Homopolymer), By Grade (Standard, Reinforced, Impact Modified, Recycled, UV Stabilized, Special Grade), By Application (Automotive, Consumer Goods, Industrial, Electrical & Electronics) Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, Russia, China, India, Japan, Australia, Malaysia, Thailand, Indonesia, Brazil, Mexico, South Africa, GCC)”, Estimated to hike at $2 bn by 2024.
Moreover, significant demand for POM is forecast in automotive applications. Amidst the rising quality-centric trends in the industry, the automotive sector will set extremely low limits for the emission of volatile organic compounds (VOC) by 2024. POM meets the world's most stringent requirements with regard to VOC emissions in this sector.
Nevertheless, crude oil, which is one of the key raw materials in the manufacturing of polyoxymethylene, also experienced a sharp fluctuation in prices in the past few years. For POM production, formaldehyde is required, the production of which is highly dependent on crude oil. Crude oil prices from last couple of decades have been very unstable, and can hinder the North America POM market size in the upcoming years.
North America standard grade product market size will cross USD 450 million in 2024. Standard grade POM provides exceptional resistance to fuels and chemicals, are low swelling, and provide long-term thermal stability and electrical insulation capacity. Likewise, homopolymer POM is estimated to witness a CAGR close to 8.5% during the forecast timespan. When compared to the copolymer POM, the homopolymer POM has slightly better mechanical properties but a lower thermo-oxidative stability. Product market size for automotive sector is estimated at more than USD 700 million in 2024. Various benefits of POM usage in automotive sector include durable low-gloss surface, resistant to cleaning solutions, ideal dimensional stability and design flexibility.
Key North America polyoxymethylene market contributors include Mitsubishi Corporation, SABIC, Celanese Corporation, BASF, RTP Company, Westlake Plastics Co., PolyOne Corporation, Polyplastics USA, DuPont,Inc. etc.
Browse key industry insights along with Table of Content @ https://www.graphicalresearch.com/industry-insights/1244/north-america-polyoxymethylene-market
North America polyoxymethylene market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2013 to 2024, for the following segments:
Segments Covered in this Report:
North America Polyoxymethylene Market Share, By Grade
Standard
Reinforced
Impact modified
Recycled
UV stabilized
Special grade
Others
North America Polyoxymethylene Market Size, Type By Application
Copolymer
Automotive
Consumer goods
Industrial
Electrical & electronics
Others
Homopolymer
Automotive
Consumer goods
Industrial
Electrical & electronics
Others
North America Polyoxymethylene Market Value, By Application
Automotive
Consumer goods
Industrial
Electrical & electronics
Others
Contact Us:
Parikhit B.
Corporate sales,
Graphical Research
Email: sales@graphicalresearch.com
Web: https://www.graphicalresearch.com
About Graphical Research:
Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle.
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