Published Date: 2022-07-27
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European Polyoxymethylene Market size is expected to reach USD 1.43 billion by 2028, according to a latest forecast report by Graphical Research.
The market growth is impelled by higher application scope in the consumer goods and automotive sector. The increasing rate of motor vehicle production will positively influence the industry growth. The use of plastic materials is witnessing an upward trajectory across the automotive industry in the latest years, further driving the expansion of the regional automotive sector. The rising focus on limiting the use of metals and the stringency of European Union (EU) proposed regulations for controlling emissions are also playing a key role in the market expansion.
Polyoxymethylene not only acts as a better substitute for metals but also records prolific usage in fuel systems, interior and exterior trims, steering columns, seat belt mechanical components, and window support brackets. These engineering thermoplastics have also emerged popular to offer good rigidity, high stiffness, and excellent yield whilst lowering the vehicle weights for reduced emissions and enhanced fuel economy.
Rising spending propensity as well as consumer interests, and the fast-growing global population, are some factors that are likely to push the demand for consumer goods in the upcoming years. The presence of stringent environmental regulations and the rising production issues.
The copolymer (C-POM) segment will strike a 2% CAGR through 2028, driven by increasing requirement in medical technology, and fuel tank modules & lock systems that need strength, low moisture absorption, chemical resistance, and dimensional stability. It offers excellent thermal stability and longer creep-fracture life and is therefore employed in high-performance engineering components. Rising usage in industrial, consumer electronics and automotive applications will further bolster the industry growth.
The impact modified and UV stabilized grades segment will reach a significant value till 2028, owing to the rising need in automotive interior applications. While impact-modified grades are used for molding parts that require high impact, precision, and low friction, the UV stabilized grades provide added resistance to UV degradation in outdoor use. They offer improved impact strength while retaining the stiffness and tensile strength of the standard POM. This new UV stabilized; impact-modified blend technology also leads to lower mold deposits in comparison to standard impact-modified grades.
Browse detailed statistical insights from the report, “Europe Polyoxymethylene (POM) Market Forecast 2028 By Application (Automotive, Consumer Goods, Industrial, Electrical & Electronics), By Grade (Standard, Reinforced, Impact Modified, Recycled, UV Stabilized, Special Grade), By Type (Copolymer, Homopolymer), Research Report, Country Outlook (Germany, France, Italy, Spain, Russia), COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @
https://www.graphicalresearch.com/industry-insights/1241/europe-polyoxymethylene-market
The electrical & electronics segment will record substantial gains during the forecast period, due to rising penetration in applications including enclosures, housings, covers, sockets, and switches given their unique properties. Very high-speed data processing and higher circuit density have been impelling profound and broad research for replacing materials employed in electrical and electronics industries, like ceramics and metals, with plastics. The surging demand for innovative solutions in automotive electrics and electronics will also act as a significant driver for the market demand.
Germany polyoxymethylene industry will surpass USD 490 million by 2028, attributed to the swiftly growing strides in the automotive sector and the robust presence of state-of-the-art polyoxymethylene production facilities in the country.
The European polyoxymethylene market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilotons & revenue in USD Million from 2017 to 2028, for the following segments:
Europe Market, By Type
Europe Market, By Grade
Europe Market, By Application
The above information has been provided for the following countries:
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