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Polyoxymethylene Market Share

Report ID: GMI1202
Published Date: Apr 2022
Report Format: PDF

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Polyoxymethylene Market Share

There is a significant rise in competition as players around the world increase their production capacity to gain competition. There was a significant capacity addition in Asia by players such as

BASF
Asahi Kasei
Kolon Plastics

The market is expected to remain moderately consolidated during the forecast period. The major players engaged in the polyoxymethylene industry are Celanese (Ticona), Dupont, Mitsubishi Gas Chemical/Mitsubishi Engineering Plastics, Polyplastics, Asahi Kasei Chemicals, Korea Engineering Plastics, Kolon Plastics, Thai Polyacetal, etc.

Authors: Kiran Pulidindi, Akshay Prakash

Frequently Asked Questions (FAQ) :

Polyoxymethylene market is slated to surpass USD 7.90 billion by 2028 and is expected to expand at a CAGR of 5.5% from 2022 to 2028 driven by the surging use of POM in the electrical & electronics industry.

The market demand from consumer goods application is anticipated to cross 380 kilo tons until 2028 owing to the rising product usage in the manufacturing of springs, gears, toys, and hand tools.

Asia Pacific is set to account for nearly 70% of the total polyoxymethylene industry value up to 2028 considering the robust automotive production in the region.

Leading players across the polyoxymethylene industry comprise Thai Polyacetal, Asahi Kasei Chemicals, Kolon Plastics, Korea Engineering Plastics, Celanese, and others.