Asia-Pacific Dominates Global Polyoxymethylene Market and Leads Demand to Reach 4.2M MTs by 2028

By: Industry Experts, Inc
LOS ANGELES - May 1, 2023 - PRLog -- Industry Experts, Inc. published the new market research report "Polyoxymethylene (POM) – A Global Market Overview". As per analysts at Industry Experts, global POM demand has bounced back in 2022 and is further expected to maintain a CAGR of 3.6% through 2028. Future growth will be driven mainly by the automotive and electronics sectors.

Polyoxymethylene (POM) is commonly used as a direct replacement for metals due to its stiffness, dimensional stability and corrosion resistance and is widely used in the production of precision parts for applications including automotive, electrical & electronics, industrial and medical. POM resins are available in homopolymer and copolymer formats, with acetal copolymers offering high toughness over a wide range of temperatures, with greater resistance to hot water, hot air, and creep, as against homopolymers. However, homopolymers offer better mechanical and thermal properties.

Demand for polyoxymethylene (POM) worldwide was declined by 5.2% year-over-year in 2020 due to reduction in demand from automotive & transportation and industrial applications amid the impact of coronavirus pandemic. Global demand for polyoxymethylene (POM) recovered in 2021 and continued the momentum through 2022 there by registering a volume CAGR of 1.9% during 2019-2022 period attributed to firm demand from electronics, appliances and medical sectors and recovery in automobile production.

The report studies the end-use applications market for Polyoxymethylene (POM)comprising Appliances, Automotive & Transportation, Electrical & Electronics, Consumer Goods, Industrial and Other Applications include packaging, medical, etc.

This report analyzes and projects the POM market for global and the regional markets including the North America, Europe, Asia-Pacific, South America and Rest of World for the period 2019-2028 in terms of volume consumption in metric tons as well as value market in US$. These regional markets further analyzed for 18 independent countries across North America – The United States, Canada and Mexico; Europe – France, Germany, Italy, the Netherlands, Russia, Spain and the United Kingdom; Asia-Pacific – China, India, Japan, South Korea, Taiwan and Thailand; and South America – Argentina and Brazil.

This 235-page global market research report on POM comprise 196 charts (includes a data table and graphical representation for each chart), supported with a meaningful and easy to understand graphical presentation, of the market. The statistical tables represent the data for the global market by geographic region and end-use application. This report profiles 16 key global players and also provides the listing of the companies engaged in the manufacturing and supply of Polyoxymethylene (POM). The global list of companies covers addresses, contact numbers and the website addresses of 30 companies.

California, USA based Industry Experts, Inc. is a multi-industry focused market research provider.

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