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Polyoxymethylene (POM) is an engineering thermoplastic that is used in various applications in automobile, electronic and consumer goods industries. Characteristics of Polyoxymethylene (POM) make it applicable for usage in various end-user applications such as manufacture of electronic appliances, electrical parts, children's toys and disposable applicators among others.
As Chinese overall economic downward trend in the past few years, and international economic situation is complicated, in the next few years there will be many uncertainties, and coupled with polyoxymethylene(POM) industry in short supply on the market in the past few years, more and more companies enter into polyoxymethylene(POM) industry, the current demand for polyoxymethylene(POM) product is relatively low, lack of demand, excess supply.
In the future, the global consumption of polyoxymethylene(POM) will maintain a 4.6% growth rate ,consumption is expected in 2021 will be 947.3K MT. Therefores, polyoxymethylene(POM) overcapacity situation will not change much, the average operating rate will remain at 88% to 93%.
Carpet product demand market there is also a certain space, but basically showing the scarcity of environment-friendly products, low-end products, and excess capacity, there is a large market demand for environment-friendly products to seize market share of imports acts.
Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area; the future will still have more new investment enter the field.
Along with the development of Chinese domestic polyoxymethylene(POM), Chinese domestic polyoxymethylene(POM) has been very mature and advanced, and the performance distance has been shortening compared with the imported polyoxymethylene(POM).
6. As large demand of environment-friendly products at home and abroad, many companies began to enter the field of environment-friendly. Currently, the Chinese polyoxymethylene(POM) industry is not only begin to transit to environment-friendly polyoxymethylene(POM) products, while still extend in the resource-rich land and downstream industry chain.
Market Analysis and Insights: Global Polyoxymethylene(POM) Market
The global Polyoxymethylene(POM) market was valued at US$ 4044.9 in 2020 and will reach US$ 4449.1 million by the end of 2027, growing at a CAGR of 1.6% during 2022-2027.
Global Polyoxymethylene(POM) Scope and Market Size
The global Polyoxymethylene(POM) market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Polyoxymethylene(POM) market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2016-2027.
Segment by Type
Homo-polyoxymethylene
Co-polyoxymethylene
Segment by Application
Automotive Industry
Consumer
Others(Medical, Devices, Healthcare etc.)
The Polyoxymethylene(POM) market is analysed and market size information is provided by regions (countries). Segment by Application, the Polyoxymethylene(POM) market is segmented into North America, Europe, China, Japan, Southeast Asia, India and Other Regions.
By Company
Polyplastics Co.,Ltd
Mitsubishi Engineering-Plastics Corporation
Celanese
DowDuPont
YUNTIANHUA
BLUESTAR
HENAN ENERGY AND CHEMICAL INDUSTRY
Shenhua Ningxia Coal Industry Group Co., Ltd
CNOOC Tianye Chemical Co., Ltd.
BASF
Formosa Plastics Corporation
Asahi Kasei
KOLON
KEP
As Chinese overall economic downward trend in the past few years, and international economic situation is complicated, in the next few years there will be many uncertainties, and coupled with polyoxymethylene(POM) industry in short supply on the market in the past few years, more and more companies enter into polyoxymethylene(POM) industry, the current demand for polyoxymethylene(POM) product is relatively low, lack of demand, excess supply.
In the future, the global consumption of polyoxymethylene(POM) will maintain a 4.6% growth rate ,consumption is expected in 2021 will be 947.3K MT. Therefores, polyoxymethylene(POM) overcapacity situation will not change much, the average operating rate will remain at 88% to 93%.
Carpet product demand market there is also a certain space, but basically showing the scarcity of environment-friendly products, low-end products, and excess capacity, there is a large market demand for environment-friendly products to seize market share of imports acts.
Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area; the future will still have more new investment enter the field.
Along with the development of Chinese domestic polyoxymethylene(POM), Chinese domestic polyoxymethylene(POM) has been very mature and advanced, and the performance distance has been shortening compared with the imported polyoxymethylene(POM).
6. As large demand of environment-friendly products at home and abroad, many companies began to enter the field of environment-friendly. Currently, the Chinese polyoxymethylene(POM) industry is not only begin to transit to environment-friendly polyoxymethylene(POM) products, while still extend in the resource-rich land and downstream industry chain.
Market Analysis and Insights: Global Polyoxymethylene(POM) Market
The global Polyoxymethylene(POM) market was valued at US$ 4044.9 in 2020 and will reach US$ 4449.1 million by the end of 2027, growing at a CAGR of 1.6% during 2022-2027.
Global Polyoxymethylene(POM) Scope and Market Size
The global Polyoxymethylene(POM) market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Polyoxymethylene(POM) market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2016-2027.
Segment by Type
Homo-polyoxymethylene
Co-polyoxymethylene
Segment by Application
Automotive Industry
Consumer
Others(Medical, Devices, Healthcare etc.)
The Polyoxymethylene(POM) market is analysed and market size information is provided by regions (countries). Segment by Application, the Polyoxymethylene(POM) market is segmented into North America, Europe, China, Japan, Southeast Asia, India and Other Regions.
By Company
Polyplastics Co.,Ltd
Mitsubishi Engineering-Plastics Corporation
Celanese
DowDuPont
YUNTIANHUA
BLUESTAR
HENAN ENERGY AND CHEMICAL INDUSTRY
Shenhua Ningxia Coal Industry Group Co., Ltd
CNOOC Tianye Chemical Co., Ltd.
BASF
Formosa Plastics Corporation
Asahi Kasei
KOLON
KEP
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