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Polyoxymethylene Pom Market Size, Share, Industry Trends and Forecast to 2033
This report provides a comprehensive analysis of the Polyoxymethylene (POM) market, focusing on current trends, industry analysis, regional insights, and future forecasts from 2023 to 2033.
| Metric | Value |
|---|---|
| Study Period | 2023 - 2033 |
| 2023 Market Size | $6.50 Billion |
| CAGR (2023-2033) | 4.2% |
| 2033 Market Size | $9.88 Billion |
| Top Companies | BASF SE, DuPont de Nemours, Inc., Celanese Corporation, Kraton Corporation |
| Last Modified Date | 15 Nov 2024 |
Polyoxymethylene Pom Market Report (2023 - 2033)
Polyoxymethylene Pom Market Overview
What is the Market Size & CAGR of Polyoxymethylene Pom market in 2023?
Polyoxymethylene Pom Industry Analysis
Polyoxymethylene Pom Market Segmentation and Scope
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Polyoxymethylene Pom Market Analysis Report by Region
Europe Polyoxymethylene Pom Market Report:
The European market is currently valued at $2.04 billion in 2023 and is anticipated to reach $3.11 billion by 2033. The stringent regulations in the automotive sector and innovations in electric vehicles are driving the demand for POM.Asia Pacific Polyoxymethylene Pom Market Report:
In 2023, the Asia Pacific region is projected to account for a market size of $1.17 billion, expected to grow to $1.78 billion by 2033. The growth is propelled by rising demand from the automotive and electronics sectors, particularly in countries like China and Japan, where manufacturing activities are robust and continuously evolving.North America Polyoxymethylene Pom Market Report:
North America is expected to witness significant growth, with a market size of $2.43 billion in 2023, projected to reach $3.70 billion by 2033. The U.S. automotive industry, along with advancements in technology and a shift towards lightweight materials, are major growth factors.South America Polyoxymethylene Pom Market Report:
The South American market is currently valued at $0.26 billion in 2023, projected to increase to $0.39 billion by 2033. The region's growth is mainly driven by the automotive industry, although it remains slower compared to other regions due to economic challenges.Middle East & Africa Polyoxymethylene Pom Market Report:
In 2023, the Middle East and Africa market size is estimated at $0.59 billion, set to grow to $0.90 billion by 2033. The growth is supported by increasing investments in the automotive sector and growing production capacities in the region.Request a custom research report for industry.
Polyoxymethylene Pom Market Analysis By Type
Global Polyoxymethylene (POM) Market, By Type Market Analysis (2023 - 2033)
The market is segmented into Homopolymer and Copolymer types. Homopolymer accounts for the larger portion of the market with a size of $5.47 billion in 2023, expected to rise to $8.32 billion by 2033, holding a share of 84.22% throughout this period. Conversely, Copolymer has a market size of $1.03 billion in 2023, increasing to $1.56 billion by 2033, representing a 15.78% market share.
Polyoxymethylene Pom Market Analysis By End User Industry
Global Polyoxymethylene (POM) Market, By End-User Industry Market Analysis (2023 - 2033)
The POM market is primarily driven by the automotive industry with a market size of $2.93 billion in 2023, forecasted to grow to $4.46 billion by 2033, holding a prominent market share of 45.11%. The electronics sector also plays a crucial role, valued at $1.40 billion in 2023 and expected to increase to $2.12 billion by 2033.
Polyoxymethylene Pom Market Analysis By Manufacturing Process
Global Polyoxymethylene (POM) Market, By Manufacturing Process Market Analysis (2023 - 2033)
The primary manufacturing processes for POM include Injection Molding and Extrusion. Injection Molding holds a significant market share, with a size of $4.12 billion in 2023, anticipated to grow to $6.26 billion by 2033. Extrusion has a relatively smaller market size of $1.36 billion in 2023 and is projected to increase to $2.08 billion by 2033.
Polyoxymethylene Pom Market Analysis By Geography
Global Polyoxymethylene (POM) Market, By Geography Market Analysis (2023 - 2033)
Geographically, North America leads in market size with $2.43 billion in 2023, showing strong growth towards $3.70 billion by 2033. Europe follows closely at $2.04 billion, expanding to $3.11 billion. Asia Pacific is also a key player with significant expansion anticipated.
Polyoxymethylene Pom Market Trends and Future Forecast
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Global Market Leaders and Top Companies in Polyoxymethylene Pom Industry
BASF SE:
A leading global chemical company, BASF SE produces a wide range of POM products, focusing on sustainability and innovation to meet the evolving demands of industries.DuPont de Nemours, Inc.:
DuPont is renowned for its high-performance plastics, including POM, and leads in developing advanced materials for the automotive and electronics sectors.Celanese Corporation:
Celanese manufactures POM products used in automotive, electronics, and industrial applications, with a commitment to innovation and quality.Kraton Corporation:
Kraton specializes in high-performance polymers inclusive of POM, focusing on unique applications in consumer goods and industrial sectors.We're grateful to work with incredible clients.
