© 2018 Global Market Insights, Inc. USA. All Rights Reserved Polyoxymethylene Market Update, Analysis, Forecast, 2017 – 2024

Global Market Scenario of Polyoxymethylen Industry  Polyoxymethylene Market is set to register a commendable CAGR of about 8.8 percent over Polyoxymethylene Market  The global polyoxymethylene market share has been flourishing on the cusp of rapidly expanding automobile and transportation industry. Owing to its exceptional dimensional stability, low friction rate, excellent rigidity, a high degree of yield strength and stiffness, polyoxymethylene is being widely utilized in manufacturing advanced lightweight materials for automobiles  Speaking in the similar context, the unprecedented upsurge in environmental and economic concerns in the current era have compelled the automotive industry to produce fuel-efficient and lightweight vehicles. Elaborating further, this semi-crystalline thermoplastic material has gradually acquired a dominant position in the range of high-performance plastics, which has, in turn, propelled the growth prospects of polyoxymethylene market. In fact, as per a study report collated by Global Market Insights, Inc., the overall polyoxymethylene (POM) industry is set to register a commendable CAGR of about 8.8 percent over © 2018 Global Market Insights, Inc. USA. All Rights Reserved

 Concurrently, it would be prudent to mention that high-performance plastics have played a crucial role in lowering the weight of vehicles currently being manufactured by the global automotive sector. The significance of developing lightweight vehicles can be deciphered from the fact that a mere 10 percent reduction in vehicle weight culminates into almost 7 percent cut down in fuel usage, as per reliable estimates.  Apparently, polyoxymethylene has been proved to be one such effective thermoplastic that has the potential to replace the vital metal components and parts in various applications- courtesy its striking features mentioned above. In addition to this, the recent boom being witnessed in automobile manufacturing has resulted in increased demand for polymers and engineered materials along the likes of POM.  Subsequently, all these declarations clearly demonstrate the colossal commercialization prospects of the polyoxymethylene industry that are bound to materialize over the ensuing years. Continue:- © 2018 Global Market Insights, Inc. USA. All Rights Reserved

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 Speaking on similar lines, the global POM market is fragmented into two prominent types namely copolymer polyoxymethylene and homopolymer polyoxymethylene. Out of these, homopolymer polyoxymethylene commanded the largest revenue share of the overall polyoxymethylene industry in the year 2016 and is anticipated to retain its dominant place in the forthcoming years.POM market  Commonly known as Delrin, this polyoxymethylene material is being chiefly deployed in manufacturing automotive parts owing to its superior room temperature tolerance and high tensile strength. 360° Industry Analysis © 2018 Global Market Insights, Inc. USA. All Rights Reserved Request for customization:

Competitive Analysis:  Additionally, the leading POM industry players are pooling expertise and resources to fortify their presence in this ever-evolving business space.  Some of the other notable firms striving toward altering the POM market trends include Asahi Kasei Corporation, LG Chem, Mitsubishi Engineering Plastics Corporation, ChemChina, and A. Schulman Inc.POM market  In order to gain an edge over their competitors and expand their reach in myriad geographies, the aforementioned companies have also been involved in several R&D activities and collaborations, which would consequentially impel the polyoxymethylene industry size expansion. © 2018 Global Market Insights, Inc. USA. All Rights Reserved Make an inquiry for purchasing this

Latest Research Report On Polyoxymethylene Request for sample of this research Request for customization: © 2018 Global Market Insights, Inc. USA. All Rights Reserved

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