North America Copolyoxymethylene Market was valued at USD 0.30 Billion in 2022 and is projected to reach USD 0.50 Billion by 2030, growing at a CAGR of 7.5% from 2024 to 2030.
Copolyoxymethylene (POM), also known as polyacetal, is a high-performance thermoplastic renowned for its exceptional mechanical properties, including high strength, stiffness, and dimensional stability. These attributes make it a preferred material across various industries, particularly in North America. In the automotive sector, POM is extensively utilized for manufacturing precision parts such as gears, bearings, and fuel system components. Its low friction and wear resistance contribute to enhanced performance and durability of automotive components. The growing demand for lightweight materials to improve fuel efficiency and reduce emissions has further propelled the adoption of POM in automotive applications. The electrical and electronics industry also significantly benefits from POM's excellent electrical insulation properties and robustness. It is commonly used in connectors, switches, and housings, where its durability and resistance to wear are crucial. As the demand for consumer electronics continues to rise, the need for high-quality, reliable materials like POM is expected to increase. In the industrial machinery sector, POM's wear resistance and high mechanical strength make it suitable for components such as bearings, gears, valve parts, and conveyor system components. Its ability to withstand high temperatures, humidity, and chemical exposure makes it reliable for use in various electronic applications, such as connectors, sockets, and enclosures. citeturn0search2 The medical industry also leverages POM for manufacturing medical devices and components due to its biocompatibility and dimensional stability. Its use in medical applications underscores its versatility and the trust industries place in its performance. In North America, the copolyoxymethylene market is projected to reach USD 4.4 billion by 2029, growing at a CAGR of 4.5%. citeturn0search3 This growth is driven by the increasing demand for POM in various applications across multiple industries. The automotive segment accounted for the dominant polyoxymethylene market share in 2024, highlighting the material's critical role in the automotive industry. citeturn0search4 In summary, copolyoxymethylene's superior mechanical properties and versatility make it an essential material across various industries in North America, driving its market growth and adoption.
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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 North America 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
North America (United States, North America 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 North America 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. North America Copolyoxymethylene Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. North America Copolyoxymethylene Market, By Type
6. North America Copolyoxymethylene Market, By Application
7. North America Copolyoxymethylene Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
8. North America Copolyoxymethylene Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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