Copolyoxymethylene Market was valued at USD 1.50 Billion in 2022 and is projected to reach USD 2.45 Billion by 2030, growing at a CAGR of 7.5% from 2024 to 2030.
Between 2018 and 2022, the global POM market experienced steady growth, driven by its increasing adoption in automotive and electronics applications. The automotive industry, in particular, utilized POM for manufacturing precision components such as gears, bearings, and fuel system parts, owing to its durability and lightweight nature. Similarly, the electronics sector leveraged POM for producing connectors, switches, and other components requiring high dimensional stability and chemical resistance.
Looking ahead, the POM market is projected to continue its upward trajectory from 2023 to 2033. According to industry forecasts, the market size is expected to reach approximately USD 7.8 billion by 2032, growing at a compound annual growth rate (CAGR) of 6.2% during this period. This growth is attributed to several factors:
Automotive Industry Expansion: The ongoing demand for lightweight and durable materials in vehicle manufacturing is anticipated to drive the adoption of POM in automotive applications.
Electronics Industry Growth: The increasing use of POM in the production of electronic components, such as connectors and switches, is expected to contribute significantly to market growth.
Consumer Goods Manufacturing: The versatility of POM in producing durable and high-quality consumer goods is likely to bolster its demand in this sector.
In summary, the Copolyoxymethylene market has demonstrated consistent growth from 2018 to 2022, with projections indicating continued expansion through 2033. The material's superior properties make it a preferred choice across various industries, ensuring its sustained demand in the foreseeable future.
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Copolyoxymethylene (POM), also known as acetal or polyacetal, is a high-performance engineering thermoplastic renowned for its exceptional mechanical properties, dimensional stability, and chemical resistance. This material has found extensive applications across various industries, including automotive, electrical and electronics, and consumer goods manufacturing. Understanding the market dynamics of POM from 2018 to 2022 and comparing them to the projected demand from 2023 to 2033 provides valuable insights into its growth trajectory and future prospects.
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Hostaform
Asahi Kasei
DuPont
Celanese Corporation
Zhonghao Chemical
Mitsubishi Chemical Advanced Materials
RTP Company
BASF
Yunnan Yuntianhua
Polyplastics
SABIC
Quadrant Engineering Plastic Products
Ensinger
JIANGSU ZHONGTIAN TECHNOLOGY
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Copolyoxymethylene Market
Electrical And Electronics
Machine
Building Materials
Automobile
Other
Based on Types the Market is categorized into Below types that held the largest Copolyoxymethylene market share In 2023.
POM-E
POM-B
POM-T
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Copolyoxymethylene Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Copolyoxymethylene Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Copolyoxymethylene Market, By Type
6. Global Copolyoxymethylene Market, By Application
7. Global Copolyoxymethylene Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Copolyoxymethylene Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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