POM (Polyoxymethylene) Market: Competitive Analysis, Market Trends and Forecast to 2031
Executive Summary
The global POM (Polyoxymethylene) market research reports indicate a steady growth trajectory in the coming years, with a predicted CAGR of % during the forecasted period. The key market trends driving this growth include increasing demand for lightweight materials in automotive and consumer goods industries, rising investments in research and development activities, and growing applications in electrical and electronics sectors.
In North America, the POM market is expected to witness significant growth due to the presence of major automotive and electronics industries. The region is also witnessing a shift towards eco-friendly and sustainable materials, further boosting the demand for POM products. In Europe, stringent regulations regarding automotive emissions are driving the adoption of POM materials in the manufacturing process.
In the Asia-Pacific region, countries like China, Japan, and India are experiencing rapid industrialization and urbanization, leading to a surge in demand for POM products in various end-use industries. China, in particular, is a major producer and consumer of POM materials, owing to its robust manufacturing sector and increasing investments in infrastructure development.
The USA market for POM is witnessing steady growth due to the presence of key players and increasing focus on innovation and product development. The country is also experiencing a rise in demand for POM in medical devices and packaging applications.
In conclusion, the global POM market is primed for growth, driven by increasing demand from automotive, electronics, and consumer goods industries. The geographical spread of the market in NA, APAC, Europe, USA, and China showcases diverse opportunities for market players to capitalize on emerging trends and expand their presence in key regions.
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Market Segmentation:
This POM (Polyoxymethylene) Market is further classified into Overview, Deployment, Application, and Region.
In terms of Components, POM (Polyoxymethylene) Market is segmented into:
- Ticona
- DuPont
- Polyplastics
- KEP
- Mitsubishi
- BASF
- Kolon
- Asahi Kasei
- LG Chem
- Formosa Plastis
- Yunnan Yuntianhua
- PTM Engineering Plastics
- Shanghai Bluestar POM
- China Bluechemical
- Shenhua Group
- HNEC
- Tianjin Bohua Yongli
- Yankuang Group
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The POM (Polyoxymethylene) Market Analysis by types is segmented into:
- POM-H
- POM-C
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The POM (Polyoxymethylene) Market Industry Research by Application is segmented into:
- Consumer Items
- Automotive Industry
- Construction Industry
- Machinery Manufacturing
- Electrical Industry
- Others
In terms of Region, the POM (Polyoxymethylene) Market Players available by Region are:
North America:
- United States
- Canada
Europe:
- Germany
- France
- U.K.
- Italy
- Russia
Asia-Pacific:
- China
- Japan
- South Korea
- India
- Australia
- China Taiwan
- Indonesia
- Thailand
- Malaysia
Latin America:
- Mexico
- Brazil
- Argentina Korea
- Colombia
Middle East & Africa:
- Turkey
- Saudi
- Arabia
- UAE
- Korea
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Key Drivers and Barriers in the POM (Polyoxymethylene) Market
Key drivers in the POM market include the increasing demand for lightweight and high-performance materials in industries such as automotive and electronics, along with the growing use of POM in various applications due to its high strength, stiffness, and chemical resistance. However, barriers such as fluctuating raw material prices, stringent regulations regarding plastic materials, and competition from alternative materials like nylon and polyesters may hinder market growth. Additionally, challenges faced in the market include the need for continuous innovation and development of new grades of POM to meet changing consumer demands, as well as the threat of substitution by other materials with similar properties.
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Competitive Landscape
Ticona, a subsidiary of Celanese Corporation, is a leading producer of POM with a strong global presence. The company has a long history of manufacturing high-quality polymers and has proven to be a key player in the POM market. Ticona's market growth has been steady over the years, thanks to its innovation and commitment to meeting customer needs. The company's market size is significant, with a wide range of applications in industries such as automotive, consumer goods, and industrial machinery.
DuPont is another major player in the POM market, known for its innovative solutions and high-performance materials. The company has a strong presence in the global market and has experienced consistent growth in recent years. DuPont's market size is substantial, with a diverse product portfolio catering to various industries.
Polyplastics, a joint venture between Daicel Corporation and Celanese Corporation, is a prominent player in the POM market with a focus on high-performance engineering plastics. The company has a strong presence in Asia and has been expanding its market reach globally. Polyplastics has shown steady growth in the market, driven by its advanced products and strong customer relationships.
Asahi Kasei is a leading chemical company with a significant presence in the POM market. The company has a diverse product portfolio and a strong focus on innovation, which has driven its growth in recent years. Asahi Kasei's market size is notable, with a wide range of applications in various industries.
Sales revenue for these companies varies, with Ticona and DuPont reporting higher revenue figures compared to other players in the market. This reflects their strong market position and customer demand for their products.
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