Polyoxymethylene (POM) is an engineering thermoplastic that is used in various industrial and commercial applications. For instance, it is used in the manufacture of fuel tank modules, electrical appliances, children’s toys and coffee brewing machines. Key properties that make polyoxymethylene a widely used product include resistance to chemicals, high strength and stiffness, dimensional stability that provides good resistance to solvents, low smoke emission and high crystalline content. POM is used in the manufacture of mechanical parts, electrical insulators and wear resistant surfaces as it offers excellent rigidity. Broad applications of polyoxymethylene include automotives, electrical, consumer and others such as medical devices and healthcare applications. Additionally, polyoxymethylene is used as an intermediate in many other applications. For instance, it is used in the manufacture of a variety of chemicals.
The global polyoxymethylene market is likely to be driven by the shift towards lightweight and low emission vehicles in major economies globally. The usage of lightweight materials in the manufacture of vehicles leads to low fuel consumption, thereby reducing environmental pollution through less emission of CO2 in the atmosphere. Furthermore, increasing demand for electronic and consumer goods in BRIC nations due to changing lifestyle and rise in per capita income of the people is anticipated to fuel demand for polyoxymethylene.
Bio-based plastic, a new substitute, may replace polyoxymethylene in the near future in some of the applications in automotive, electrical and consumer goods industries due to environmental issues related to synthetic polyoxymethylene. This substitution is expected to have a slight impact on the growth of the polyoxymethylene market during the forecast period. Key players are focusing on bio-based materials for the manufacture of plastics products by considering the benefits of bio-based plastics over synthetic polyoxymethylene. Technological advancements and core research and development for launching new products and applications in the market are factors responsible for intensifying competition in the polyoxymethylene market. New products, especially new copolymers with mechanical properties of homopolymer and thermal stability and resistance properties of copolymers, are now in demand for applications such as manufacture of impellers, valves and facets. Additionally, increasing use of plastics in the food industry to preserve and store food in hygienic conditions has led to significant growth of polyoxymethylene in the market.
Major applications of polyoxymethylene in the market include automotive and electrical industries. The global demand for POM for automotive segment accounted for 32.4% of the total market in 2012. The electrical market is expected to follow the automotive market and witness significant growth over forecast period from 2013 to 2019. The consumer market is likely to expand at a CAGR of 4.9%, globally from 2013 to 2019. Other segments that include medical devices are also anticipated to boost demand for polyoxymethylene in near future.
Asia Pacific is the leading market for POM with major market share for several applications such as automotive and electrical, in 2012. Asia Pacific that includes China and India is projected to be the second-fastest growing market during the forecast period from 2013 to 2019. RoW is likely to grow at a CAGR of 5.6% during the forecast period from 2013 to 2019 owing to high demand for automotives and consumer products, especially in Latin America. Developed regions that include North America and Europe are anticipated to experience sluggish growth due to slow recovery of the regional economy after the recession.
Major players producing polyoxymethylene include A. Schulman, BASF SE, Asahi Chemicals Corporation, E.I. DuPont de Numors & Company, Polyplastics, and Formosa Plastics Corporation. The POM market is highly concentrated, with the top six players accounting for more than 60% of the total demand in 2012. Manufacturers produce both homopolymer and copolymer polyoxymethylene.
Polyoxymethylene (POM) is an engineering thermoplastic that is used in commercial as well as industrial applications. It is majorly employed in precision parts that require low friction, high stiffness and significant dimensional stability. Polyoxymethylene (POM) is widely used in automotive, electrical and electronic and consumer goods industries, among others. The polyoxymethylene (POM) market is anticipated to expand significantly in the near future due to its growing applications, especially in automotive and electrical industries. Polymers have been a vital part of the food industry due to factors such as their low cost, mechanical strength and ease in manufacturing and processing. Hence, demand for plastic from the food industry is expected to strengthen the market for polyoxymethylene (POM), thereby creating new opportunities in the near future. However, competition from bio-based engineering plastics is anticipated to be a restraining factor for the polyoxymethylene (POM) market.
Polyoxymethylene (POM) report analyzes, estimates and forecasts the global market from the demand perspective in terms of volume (Kilo tons) and revenue (USD million) from 2013 to 2019. The polyoxymethylene (POM) report also analyzes several market drivers and restraints along with their impact on the market during the forecast period. The market numbers given in the report describe the global demand for polyoxymethylene (POM), but not the production and supply.
The report provides a detailed view of the polyoxymethylene (POM) market by analyzing key applications segments. The key applications included in the report are automotive, electrical, consumer and others. It also provides an analysis of each application segment and forecasts the market in terms of volume and revenue from 2013 to 2019. The polyoxymethylene (POM) report segments the market based on key geographies including North America, Europe, Asia Pacific and Rest of the World. It further provides polyoxymethylene (POM) market volume and revenue for application segments under each regional segment. Based on polyoxymethylene (POM) applications, the report analyzes the attractiveness of each of the segment using the attractiveness tool. The polyoxymethylene (POM) study includes a value chain for better understanding key players, right from manufacturers of raw materials to end-users. The study also provides a comprehensive view of the polyoxymethylene (POM) market using Porter’s five forces analysis.
Secondary research also includes a search of recent trade, technical writing, internet sources, and statistical data from government websites, trade associations and agencies, company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings. Some of the secondary sources referred for polyoxymethylene (POM) study ICIS, Plastic Europe, British Plastic Federation, Kunststoffe International and ChemSystems among others. Primary research represents the bulk of research efforts, supplemented by an extensive secondary research.
The report includes the company market share of key players operating in the global polyoxymethylene (POM) market based on their sales. Major polyoxymethylene (POM) market participants profiled in the report include A. Schulman, Asahi Kasei Chemicals Company, BASF SE, Buhler AG, Celanese Corporation, Daicel Corporation, E.I DuPont de Nemours and Company, Formosa Plastics Corporation, L.G. Chem, Mitsubishi Engineering Plastics, Polyplastics and SABIC Innovative Plastics USA LLC. Profile of key participants comprises elements such as company overview, financial overview, business strategies, SWOT analysis and recent developments. Key companies in the polyoxymethylene (POM) market are focusing on expanding its product portfolio to compete in the market by adding new innovative products and investing in research and developments in order to develop new technologies and make existing technologies more efficient.
The report segments the global polyoxymethylene market as:
Polyoxymethylene Market - Application Segment Analysis
- Others (Medical devices, etc.)
Polyoxymethylene Market - Regional Analysis
- North America
- Asia Pacific
- Rest of the World (RoW)