Global Polyoxymethylene Market is expected to grow at the 4.12 % CAGR during the forecast period of 2016-2022 – Brisk Insights

According to a recently published report, the global Polyoxymethylene Market is expected to grow at the 4.12 % CAGR during the forecast period of 2016-2022. The global polyoxymethylene market is segmented on the basis of application and geography. The report on global polyoxymethylene market forecast2016-2022 (by applicationand geography) provides a detailed overview and predictive analysis of the market.

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Polyoxymethylene is the high performance engineering thermo plastic which is majorly used in industrial and commercial application in various sectors like electrical & electronics; transportation; automotive; and, more. Polyoxymethylene is used to make coffee brewing machines, children toys, electrical appliances, and fuel tank modules. Polyoxymethylene is also known as POM. POM has some characteristic properties like impact resistance; high strength; dimensional stability; and, fatigue resistance due to which it is experiencing a growing demand for various applications, and is majorly used by the end user industries such as electrical and electronics, consumer goods, automotive, and others. The demand of POM in electrical & Electronic and transportation industry is majorly driving the market growth. In electronics & electrical industries it is used to make capacitors, insulators, and various other electronic components; and, withthe use of POM materials in other products, the products can be made more effective and efficient. Whereas in transportation industry,POM is majorly used because of its various properties due to which the vehicle manufacturers prefer to replace its metallic parts with POM. POM is considered to be the best replacement for various metallic parts of the vehicles which can help in reducing the weight of the vehicles, making them lighter and more fuel efficient. Bio based engineering plastics, traditional materials, and other polymers are the substitute products for the polyoxymethylene, which are acting as a major restraint for the growth of the global POM market.
Polyoxymethylene is segmented on the basis of application such as- automotive, consumers, electrical and electronics, transportation, and others. All of these sub segments of application are expected to dominate the market growth. Geographically, Asia Pacifichas the largest market share of global polyoxymethylene market, due to the growing demand of automotive and electrical appliances in the Asia Pacific region.

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Scope of the Report

Global Polyoxymethylene Market by Application 2012-2022 ($ Million)
1.1. Automotive
1.2. Electrical
1.3. Consumer
1.4. Transportation
1.5. Other
Global PolyoxymethyleneMarket Regional Outlook 2012-2022($ Million)
2.1. North America
2.2. Europe
2.3. Asia Pacific
2.4. Middle East & Africa
2.5. Latin America
Company Profiles
3.1. A. Schulman
3.2. Asahi Kasei Chemicals Corporation
3.3. BASF SE
3.4. Buhler AG
3.5. Celanese Corporation
3.6. Daicel Corporation
3.7. E.I. Dupont De Nemours & Company
3.8. Formosa Plastics Corporation USA
3.9. Kolon Plastics, Inc.
3.10. Korea Engineering Plastics (KEP)
3.11. LG ChemLtd.
3.12. Mitsubishi Engineering Plastics Corporation
3.13. Polyplastics Company Ltd.
3.14. Sabic Innovative Plastics USA LLC
3.15. Yunnan Yuntianhua Co. Ltd.

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