Asia-Pacific to Hold the Largest Market Share During the Forecast Period Owing to the Increasing Demand in the Automotive Industry and Uninterrupted Supply.
Polyoxymethylene Market is expected to register a healthy CAGR during the forecast period to reach over USD 4.8 billion by 2023
The global polyoxymethylene (POM) market, by region, has been segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Asia-Pacific accounted for the majority share of the global POM market in 2017; the regional market is likely to witness significant growth during the review period.
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The growth of the automotive industry and the presence of significant automotive aftermarket suppliers in the region are expected to boost the demand for POM in the region. Also, the growing electronics and electrical industry in the ASEAN region is expected to fuel the demand for the product during the forecast period.
North America is expected to be the prominent market for POM, accounting for over ~10% of the global POM demand. The increase in the demand in the region is attributed to the growing automotive industry and regulations pertaining to the use of POM in end-use industries, such as healthcare and food & beverage.
The European market is expected to account for the second-largest market share during the review period on account of the significant presence of renowned automotive OEMs focusing on producing lightweight automobile models. Besides, the growing electronics industry in Germany is also expected to boost the demand for POM in the region. However, the competitive pricing from the POM produced in Asia is expected to be a significant challenge faced by the manufacturers in the region.
The markets in Latin America and the Middle East & Africa are expected to grow as a result of the growing major end-use industries such as packaging, automotive, construction, and renewable energy.
Polyplastics Co., Ltd (Japan), Celanese Corporation (US), DowDuPont (US), Mitsubishi Chemical Corporation (Japan), BASF SE (Germany), Korea Engineering Plastics Co., Ltd (South Korea), ChemChina (China), Asahi Kasei Corporation (Japan), SABIC (Saudi Arabia), PolyOne Corporation (US), Westlake Plastics Company (US), and KOLON PLASTICS INC (South Korea) are some of the key players operating in the global POM market.
The global polyoxymethylene (POM) market has been segmented by type, product, end-use industry, and region.
Based on type, the global market has been categorized into acetal homopolymer and acetal copolymer.
By product, the global market has been divided into unfilled, glass fiber reinforced, impact modified, UV resistant, electrically conductive, weather resistant, and others.
On the basis of end-use industry, the global market has been segregated into electrical and electronics, industrial machinery, consumer goods, automotive, sports, and others.
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LIST OF TABLES
Table 1 Global Polyoxymethylene (POM) Market: By Region, 2016−2023
Table 2 North America: Polyoxymethylene (POM) Market, By Country, 2016−2023
Table 3 Europe: Polyoxymethylene (POM) Market, By Country, 2016−2023
Table 4 Asia-Pacific: Polyoxymethylene (POM) Market. By Country, 2016−2023
Table 5 Middle East & Africa: Polyoxymethylene (POM) Market, By Country, 2016−2023
Table 6 Latin America: Polyoxymethylene (POM) Market, By Country, 2016−2023
Table 7 Global Polyoxymethylene (POM) Type Market, By Regions, 2016−2023
Table 8 North America: Polyoxymethylene (POM) Type Market, By Country, 2016−2023
Table 9 Europe: Polyoxymethylene (POM) Type Market, By Country, 2016−2023
Table10 Asia-Pacific: Polyoxymethylene (POM) Type Market, By Country, 2016−2023
TABLE OF CONTENTS:
1 Executive Summary
2 Market Introduction
2.1 Market Definition
2.2 Scope Of The Study
2.3 List Of Assumptions
2.4 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4 Market Dynamics Of Global Polyoxymethylene (POM) Market
5 Market Factor Analysis Of Global Polyoxymethylene (POM) Market
5.1 Supply Chain Analysis
5.1.1 Raw Material Suppliers
5.1.4 End User
5.2 Porter’s Five Forces Analysis
5.2.1 Threat Of New Entrants
5.2.2 Bargaining Power Of Buyers
5.2.3 Bargaining Power Of Suppliers
5.2.4 Threat Of Substitutes
5.2.5 Intensity Of Competitive Rivalry
5.3 Pricing Analysis
5.4 Production Outlook
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