Polyoxymethylene Market – Trends & Forecasts to 2018

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MarketsandMarkets Presents

• Polyoxymethylene Market
• Trends Forecasts to 2018

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• Polyoxymethylene is an engineering thermoplastic
  that is derived from formaldehyde. The properties
  of these products include high dimensional
  stability, good strength, and high fatigue and
  impact resistance. These properties make POM a
  highly preferred material in light weight metal
  replacing applications in various end-user
  segments of the polyoxymethylene market. For its
  capability of replacing metal in light weight
  applications, POM has penetrated various segments
  such as transportation and industrial.
• In the past five years, the demand for
  polyoxymethylene has grown at a rapid pace due to
  its present applications and scope of development
  of applications in different sectors. The
  presence of new developing economies has ensured
  growth in demand for polyoxymethylene in the next
  five years. China shared about 31.5 of the
  global POM demand in 2012. The Asia-Pacific
  region is the leader in consumption and revenue
  generation, followed by Western Europe, in the
  POM market.

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• http//www.marketsandmarkets.com/Market-Reports/po
  lyoxymethylene-market-126414942.html
• The market is driven by replacing metals in
  various applications where extreme strength or
  impact resistance is not required and the use of
  POM matches the applications requirements. RD
  efforts by major players in the market could
  improve the growth by developing newer
  applications and new products to fulfill the
  demand from various end use markets. The
  increasing demand in different developing regions
  promises the growth of polyoxymethylene in the
  long-term.

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• The POM market valued to be 2.2 billion in 2012,
  which is estimated to reach about 3.3 billion in
  2018, is expected to grow at a CAGR of 6.8 from
  2013 to 2018. The Asia-Pacific region led the
  polyoxymethylene market. It contributed nearly
  45.6 of the total revenue in 2012. China was the
  leader in polyoxymethylene consumption, followed
  by the U.S., and together, these countries
  consumed 47.4 of the consumption. The Indian POM
  consumption for the end user applications is
  expected to grow at 7.6 from 2013 to 2018.
• Expansion by means of plant capacity expansion or
  regional expansion by creating new subsidiaries
  is the major strategy adopted by the companies
  for increasing their market share. Other
  development strategies that major market players
  are engaged in are new product launch, mergers
  acquisitions, and agreements collaboration. The
  companies are expanding their geographical
  footprints by setting up plants at new locations.
  The Asia-Pacific is emerging as a top destination
  for the companies to expand.

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