Polyoxymethylene (POM) Market - Global Industry Analysis 2019
The report states that the market will cash in on high demand from applications such as electrical parts, electrical appliances, children’s toys, and a variety of other consumer goods over the period between 2013 and 2019.
The report states that the market will expand at a 7.6% CAGR over the report’s forecast period and will rise to a valuation of US$3.4 bn by 2019 from US$2 bn in 2012. In terms of volume, the market totaled 959.1 kilo tons in 2012.
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The continuous surge in demand for lightweight materials in the automotive industry has emerged as a key driver for a number of engineering thermoplastics in the past years. This factor has also boosted the global demand for polyoxymethylene, which is known for its excellent dimensional stability, low friction, and high stiffness. The tough plastic, which is solvent and fuel-resistant, has huge demand for the manufacture of window guides, gears, speaker grills, lighters, zips, bearings, and furniture parts in automobiles. The rising application of polyoxymethylene in electrical products and a variety of consumer goods in BRIC countries is also expected to boost the global polyoxymethylene market over the report’s forecast period.
The report segments the global polyoxymethylene market on the basis of application and geography.
On the basis of application, the market has been segmented into automotive, electrical, consumer, and other fields such as medical devices. Of these, the automotive industry led the global polyoxymethylene market, accounting for a share of over 32.4% in the global market in 2012, followed by the electrical segment. The market for polyoxymethylene is expected to significantly benefit due to high demand from the consumer goods industry in RoW over the report’s forecast period.
Geographically, the market has been segmented into Asia Pacific, Europe, North America, and Rest of the World (RoW). Over the report’s forecast period, the market for polyoxymethylene is expected to see excellent growth in Asia Pacific, Latin America, the Middle East, and Africa, and sluggish growth in Europe and the current leading regional market, North America. North America accounted for over 19.8% of the global polyoxymethylene market in 2012. The demand for polyoxymethylene in North America is expected to drop over the report’s forecast period owing to the declining demand for electrical products such as switchboards.
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The competitive landscape of the global polyoxymethylene market is highly concentrated. In 2012, the top six companies accounted for over 58% of the global market. Key vendors in the market include Polyplastics, BASF SE, Formosa Plastics Corporation, E.I. DuPont de Nemours and Company, Celanese Corporation, and Asahi Kasei Chemicals Corporation.
The report segments the global polyoxymethylene market as:
Polyoxymethylene Market - Application Segment Analysis
Others (Medical devices, etc.)
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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