The credible Polyoxymethylene (POM) Homopolymer Market research report gives detailed synopsis on the study of CHEMICAL AND MATERIALS industry and its impact on the market environment. This market document provides statistics on the current state of the industry as a helpful source of assistance and direction for companies and investors interested in this market. The business report explains current and future market trends and carries out analysis of the impact of buyers, substitutes, new entrants, competitors, and suppliers on the market. In addition, the worldwide CHEMICAL AND MATERIALS report also gives a view about key players, major collaborations, merger, acquisitions along with trending innovation and business policies.
Data Bridge Market Research analyses that the polyoxymethylene (POM) homopolymer market will witness a CAGR of 5.00% for the forecast period of 2022-2029. Growth in the polyoxymethylene (POM) homopolymer especially in the developing economies such as India and China, growing use of polyoxymethylene (POM) homopolymer for a wide range of end user applications such as transportation, medical, food packaging, consumer goods and appliances, and other end user applications, increasing investment by the government for research and development activities and surge in industrialization especially in the developing countries are the major factors attributable to the growth of the polyoxymethylene (POM) homopolymer market. Therefore, the market value, which was USD 810 million in 2020, would rocket up to USD 1,256.57 million by 2029.
Polyoxymethylene (POM) is a high-performance engineered thermoplastic that is manufactured by the process of polymerization of formaldehyde. polyoxymethylene (POM) homopolymer is used for a wide range of industrial applications owing to its constructive and mechanical properties.
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Market Overview
Rise in demand for polyoxymethylene (POM) homopolymer by the buildings and construction processing industry in developed and developing economies is the root cause fuelling up the market growth rate. Rising application areas for polyoxymethylene (POM) homopolymer such as in electronics and electrical especially in the developing economies and growth and expansion of various end user industries especially in the developing economies will also directly and positively impact the growth rate of the market. Rising use of plastic as replacement to metals in automotive industry, rising expenditure for research and development proficiencies by the major companies, upsurge in the rate of industrialization, rising acceptance for polyoxymethylene (POM) homopolymer in medical applications and growing focus on the technological advancements and modernization in the production techniques will further carve the way for the growth of the market.
Some of the major players operating in the polyoxymethylene (POM) homopolymer market report are China National Chemical Corporation, SABIC, BASF SE, Korea Engineering Plastics Co., Ltd., DuPont, Asahi Kasei Corporation, LyondellBasell Industries Holdings B.V., LG Chem, BARLOG Plastics GmbH, Mitsubishi Engineering-Plastics Corporation, Dow, RTP Company, Kingfa Science Technology (India) Limited, Techmer PM (Polymer Modifiers), SpecialChem, Devol, Avient Corporation, Celanese Corporation, Westlake Chemical Corporation and Formosa Plastics Corporation among others.
The polyoxymethylene (POM) homopolymer market is analysed and market size, volume information is provided by country, product type, grade, application and end user industry as referenced above.
The countries covered in the polyoxymethylene (POM) homopolymer market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Table of Content
Chapter 1: Market overview
Chapter 2: Global Polyoxymethylene (POM) Homopolymer Market
Chapter 3: Regional analysis of the Global Polyoxymethylene (POM) Homopolymer Market industry
Chapter 4: Polyoxymethylene (POM) Homopolymer Market segmentation based on types and applications
Chapter 5: Revenue analysis based on types and applications
Chapter 6: Market share
Chapter 7: Competitive Landscape
Chapter 8: Drivers, Restraints, Challenges, and Opportunities
Chapter 9: Gross Margin and Price Analysis
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