Polyoxymethylene Trends and Forecast
The future of the global polyoxymethylene market looks promising with opportunities in the automotive, consumer goods, industrial, and electrical & electronic markets. The global polyoxymethylene market is expected to reach an estimated $5.8 billion by 2030 with a CAGR of 6.0% from 2024 to 2030. The major drivers for this market are growing need for POM of medical grade in the production of medical equipment, increasing need for efficient food packaging solutions, as well as, rising POM use in car headrests, locks, door handles, and steering wheels.Polyoxymethylene by Segment
The study includes a forecast for the global polyoxymethylene by type, grade, end use, and region.Polyoxymethylene Market by Type [Shipment Analysis by Value from 2018 to 2030]
- Homopolymer
- Copolymer
Polyoxymethylene Market by Grade [Shipment Analysis by Value from 2018 to 2030]
- Standard
- Reinforced
- Impact Modified
- Recycled
- Special Grade
- Others
Polyoxymethylene Market by End Use [Shipment Analysis by Value from 2018 to 2030]
- Automotive
- Consumer Goods
- Industrial
- Electrical & Electronics
- Others
Polyoxymethylene Market by Region [Shipment Analysis by Value from 2018 to 2030]
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Polyoxymethylene Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies polyoxymethylene companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the polyoxymethylene companies profiled in this report include-- DowDuPont
- Polyplastics Company
- Asahi Kasei Chemicals
- Celanese
- SABIC Innovative Plastics
- Mitsubishi Engineering-Plastics
- China National Bluestar
- Kolon plastics
- Polyone
- Korea Engineering Plastics
Polyoxymethylene Market Insights
The publisher forecasts that copolymer is expected to witness the higher growth over the forecast period due to the excellent processability of the copolymer, and it is an excellent choice for materials applications where a low coefficient of friction is required.APAC will remain the largest region over the forecast period due to rising car manufacturing in nations like Japan, China, and India, reduced production costs, increasing wealth of resources and trained workforce, and favorable regional government regulations.
Features of the Global Polyoxymethylene Market
- Market Size Estimates: Polyoxymethylene market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Polyoxymethylene market size by type, grade, end use, and region in terms of value ($B).
- Regional Analysis: Polyoxymethylene market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different type, grade, end use, and regions for the polyoxymethylene market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the polyoxymethylene market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the polyoxymethylene market size?Answer: The global polyoxymethylene market is expected to reach an estimated $5.8 billion by 2030.
Q2. What is the growth forecast for polyoxymethylene market?
Answer: The global polyoxymethylene market is expected to grow with a CAGR of 6.0% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the polyoxymethylene market?
Answer: The major drivers for this market are growing need for POM of medical grade in the production of medical equipment, increasing need for efficient food packaging solutions, as well as, rising POM use in car headrests, locks, door handles, and steering wheels.
Q4. What are the major segments for polyoxymethylene market?
Answer: The future of the global polyoxymethylene market looks promising with opportunities in the automotive, consumer goods, industrial, and electrical & electronic markets.
Q5. Who are the key polyoxymethylene market companies?
Answer: Some of the key polyoxymethylene companies are as follows:
- DowDuPont
- Polyplastics Company
- Asahi Kasei Chemicals
- Celanese
- SABIC Innovative Plastics
- Mitsubishi Engineering-Plastics
- China National Bluestar
- Kolon plastics
- Polyone
- Korea Engineering Plastics
Answer: The publisher forecasts that copolymer is expected to witness the higher growth over the forecast period due to the excellent processability of the copolymer, and it is an excellent choice for materials applications where a low coefficient of friction is required.
Q7. In polyoxymethylene market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to rising car manufacturing in nations like Japan, China, and India, reduced production costs, increasing wealth of resources and trained workforce, and favorable regional government regulations.
Q.8 Do we receive customization in this report?
Answer: Yes,the publisher provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the polyoxymethylene market by type (homopolymer and copolymer), grade (standard, reinforced, impact modified, recycled, special grade, and others), end use (automotive, consumer goods, industrial, electrical & electronics, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Polyoxymethylene Market: Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- DowDuPont
- Polyplastics Company
- Asahi Kasei Chemicals
- Celanese
- SABIC Innovative Plastics
- Mitsubishi Engineering-Plastics
- China National Bluestar
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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