Copolymer Polyoxymethylene Market to grow with 8% CAGR over 2018-2024

SELBYVILLE, Del., Aug. 20, 2018 /PRNewswire-iReach/ -- Global Polyoxymethylene market is fragmented into two prominent types namely copolymer POM and homopolymer POM. Copolymer polyoxymethylene has high flexural strength coupled with excellent fatigue resistance and lubricity. Its good electrical properties along with high mechanical strength makes it suitable for electrical applications requiring long-term stability. Copolymers are used in manufacturing bushings, clips, lugs, valves, faucets, etc. It is also used in milk pumps, filter housings, coffee spigots and food conveyors.

Homopolymer polyoxymethylene commanded the largest revenue share of the overall polyoxymethylene industry in the year 2016 and is anticipated to retain its dominant place in the forthcoming years. Commonly known as Delrin, this polyoxymethylene material is being chiefly deployed in manufacturing automotive parts owing to its superior room temperature tolerance and high tensile strength.

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Speaking of the end-use spectrum of POM industry, it is indeed justified to state that the automotive sector is the most lucrative growth ground for this business, given that plastics have been substituting metals in vehicle bodies. Polyoxymethylene, is this regard, is gaining tremendous traction owing to its phenomenal material properties such as wide end-use temperature range, chemical resistance, outstanding fatigue endurance, and excellent resistance to moisture & solvents. These unmatched functional properties of POM have enabled car manufacturers to produce entirely new designs and shapes for better vehicle aesthetics as well as performance. The product also finds myriad usage in the manufacturing of brackets, switches, seatbelt components, and latches in automobiles, on account of which, POM market share from the automotive sector is expected to be considerably high.

The primary driving forces of POM industry are the swiftly progressing automotive sector and the growing involvement of firms in product innovation. Hence, it is quite obvious that the rapid pace of product penetration in myriad regions will further unlock lucrative growth opportunities for the stakeholders of this business space, eventually propelling the polyoxymethylene industry size over the forecast period. Apparently, it is undeniable that the overall POM market, which is projected to surpass a total valuation of USD 9 billion by 2024, is on its way to establishing itself as one of the most promising niche verticals of polymers and advanced materials industry.

Buy this industry insights spread across 243 pages with 270 market data tables & 28 figures & charts from the report, "Polyoxymethylene (POM) Market Size By Type (Copolymer, Homopolymer), By Grade (Standard, Reinforced, Impact Modified, Recycled, UV Stabilized, Special Grade), By Application (Automotive, Consumer Goods, Industrial, Electrical & Electronics) Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, Russia, China, India, Japan, Australia, Malaysia, Thailand, Indonesia, Brazil, Mexico, South Africa, GCC), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 ? 2024" in detail along with the table of contents::

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Speaking of the geographical spectrum, Asia Pacific is indeed being touted as the emerging market for polyoxymethylene industry, as these new materials hold great promise in the region's aggressively expanding automotive sector. If reports are to be believed, APAC may be the largest market for automotive plastics, with China alone being a major producer of 24 million passenger cars and 3.5 million commercial vehicles in 2016. Moreover, the surging consumer goods industry in the region is also poised to drive APAC polyoxymethylene industry share, in terms of volume & revenue in the coming years.

It is rather overt that POM market is on its way to establish itself as one of the most lucrative industry verticals. The escalating growth of the automotive industry and the involvement of companies in product innovation indeed, are the two prime driving forces of POM industry. Not to mention, the growing commercialization of the product in myriad regions will also unlock potential growth opportunities for the players of this business space, massively impelling polyoxymethylene market size in the years ahead.

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Partial Chapters of the Table of Contents:

Chapter 3. Polyoxymethylene (POM) Industry Insights

3.1.  Industry segmentation

3.2.  Industry size and forecast, 2013 - 2024

3.3.  Industry ecosystem analysis

3.3.1.     Profit margin

3.3.2.     Value addition

3.3.3.     Distribution channel analysis

3.3.4.     Vendor matrix

3.3.4.1.    List of key manufacturers/suppliers

3.3.4.2.    List of key/potential customers

3.4.  Raw material trends

3.5.  Technology landscape

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3.6.  Industry impact forces

3.6.1.     Growth drivers

3.6.1.1.    Increasing use of plastic as replacement to metals in automotive industry

3.6.1.2.    Increasing acceptance for POM in medical applications

3.6.2.     Industry pitfalls & challenges

3.6.2.1.    Environmental regulations and health issues regarding polyoxymethylene use in plastics and application scope

3.6.2.2.    Fluctuations in feedstock prices

3.7.  Regulatory landscape

3.7.1.     U.S.

3.7.2.     Europe

3.7.3.     China

3.8.  Growth potential analysis

3.9.  Competitive landscape, 2016

3.9.1.     Company market share analysis, 2016

3.9.2.     Strategic dashboard

3.9.3.     Patent analysis

3.10.        Porter's analysis

3.10.1.   Supplier power

3.10.2.   Buyer power

3.10.3.   Threat of new entrants

3.10.4.   Threat of substitutes

3.10.5.   Industry rivalry

3.11.        Regional price trends

3.11.1.   Cost structure analysis

3.11.1.1.       R&D cost

3.11.1.2.       Manufacturing & equipment cost

3.11.1.3.       Raw material cost

3.11.1.4.       Distribution cost

3.11.1.5.       Operating cost

3.11.1.6.       Miscellaneous cost

3.11.2.   Price by product

3.11.3.   Regional pricing

3.12.     PESTEL analysis

3.13.         Innovation & sustainability

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