Market Research Reports

Home Press Releases Polyoxymethylene Market is Expected to Reach USD 3.39 Billion by 2019

Polyoxymethylene Market is Expected to Reach USD 3.39 Billion by 2019



 
Posted on Oct 07, 2014

Transparency Market Research has published a new market report titled “Polyoxymethylene (POM) Market for Automotive, Electrical, Consumer and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019.” According to the report, the global polyoxymethylene market was valued at USD 2.00 billion in 2012 and is anticipated to reach USD 3.39 billion by 2019, expanding at a CAGR of 7.6% during the forecast period from 2013 to 2019. In terms of volume, the global polyoxymethylene market stood at 959.1 kilo tons in 2012.

 

Browse the full Polyoxymethylene (POM) Market for Automotive, Electrical, Consumer and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019 report at  http://www.transparencymarketresearch.com/polyoxymethylene-market.html

 

Polyoxymethylene is an engineering thermoplastic that is used in various applications in automobile, electronic and consumer goods industries. Characteristics of polyoxymethylene make it applicable for usage in various end-user applications such as manufacture of electronic appliances, electrical parts, children’s toys and disposable applicators among others. 

 

polyoxymethylene-market

 

Increasing demand for lightweight materials from the automotive industry is expected to be a key driver for the polyoxymethylene market in the near future. Additionally, rising demand for electrical products and consumer goods in BRIC nations is projected to boost demand for polyoxymethylene during the forecast period from 2013 to 2019. Use of lightweight materials in vehicles leads to low fuel consumption, thereby creating high demand for polyoxymethylene in the market. This has also resulted in reducing the CO2 emission in the atmosphere. However, competition from bio-based materials with potential to replace polyoxymethylene in a few applications is estimated to hamper growth of POM in future.

 

Automotive and electrical & electronic segments are the major applications of polyoxymethylene. Automotives constituted 32.4% of the global market share in 2012, followed by electrical and electronic application segment. The consumer application market in RoW is likely to experience significant growth and is estimated to grow at a CAGR of 5.5% from 2013 to 2019. It is expected to be the fastest growing region during the forecast period. The others segment that includes medical devices is also anticipated to add to the global demand for polyoxymethylene in the near future.

 

With major market share for polyoxymethylene, Asia Pacific is expected to be the second-fastest growing market with an estimated CAGR of 5.3%, by volume, from 2013 to 2019. RoW including Latin America, the Middle East and Africa is anticipated to experience substantial growth due to increasing demand for consumer and automotive products along with improvement in the economy. North America accounted for 19.8% of the total POM market share in 2012. The region is likely to experience sluggish growth in POM demand, as market for electrical product such as switchboards is decreasing due to decline in the construction industry of the region. Europe is expected to expand at a CAGR of 4.5% from 2013 to 2019. It is anticipated to experience sluggish growth compared to other fastest growing regions such as RoW due to the slow recovery of the economy after recession and high demand from Asia. 

 

The polyoxymethylene market is highly concentrated, with the top six players accounting for more than 58% of the total global market in 2012. Key manufacturers of polyoxymethylene include BASF SE, E.I. DuPont de Nemours and Company, Polyplastics, Formosa Plastics Corporation, Celanese Corporation, Asahi Kasei Chemicals Corporation and A. Schulman.

 

The report segments the global polyoxymethylene market as:

  • Polyoxymethylene Market - Application Segment Analysis

    • Automotive
    • Electrical
    • Consumer
    • Others (Medical devices, etc.)
  • Polyoxymethylene Market - Regional Analysis

    • North America
    • Europe
    • Asia Pacific
    • Rest of the World (RoW)

About Us

 

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information. 

 

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

 

Contact

 

Mr.Sudip S 

State Tower,

90 State Street,

Suite 700,

Albany NY - 12207

United States

USA - Canada Toll Free: 866-552-3453

Email: sales@transparencymarketresearch.com

Website: http://www.transparencymarketresearch.com/

 



Related Report

  • Nanoporous Materials Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2023
  • Nanoporous materials comprises of regular organic or inorganic framework that supports a porous structure. The size of these pores is primarily between 100 nanometers and can even be smaller. Nanoporous materials are classified into two broad categories including bulk materials and membranes. Nanoporous membranes include cell membranes while activated carbon and zeolites are examples of bulk nanoporous membranes. Nanoporous materials are manufactured out of natural raw materials; however, art...

  • Potassium Carbonate Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2023
  • Potassium carbonate occurs as a white powder or granules that are soluble in water. It forms a strong alkaline solution when mixed in water. Potassium carbonate is an aqueous solution of potassium hydroxide. It is known to be the chief constituent of potash and refined pearl ash or tartar. The other terms by which potassium carbonate is known include pearl ash, carbonate of potash, salt of wormwood, salt of tartar and dipotassium carbonate. Potassium carbonate melts at 891 degree celcius and ...

  • Diisononyl Phthalate (DINP) Market - Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth and Forecast 2016 - 2023
  • Di-isononyl (DINP) is a phthalate plasticizer, used in the manufacture of flexible PVCs (Poly vinyl chloride) plastics, co polymers and resins. Plasticizers increase the pliability and flexibility of polymeric materials. Phthalate plasticizers are colorless, odorless, durable, economical and weather and temperature resistant. DINP is classified as a HMW (high molecular weight) phthalate plasticizer. The other types of HMW phthalates include: diisodecyl phthalate (DIDP) and dipropylheptyl phth...

Payment
Copyright @ Transparency Market Research