Global Polyoxymethylene (POM or Polyacetal) Market to Reach 4.2M Metrics Tons by 2028 Driven by Growth in Asia-Pacific - Industry Experts, Inc.
Industry Experts, Inc. published the new market research report " Polyoxymethylene (POM) – A Global Market Overview ". As per analysts at Industry Experts, global POM demand has bounced back in 2022 and is further expected to maintain a CAGR of 3.6% through 2028. Future growth will be driven mainly by the automotive and electronics sectors. Polyoxymethylene (POM) is commonly used as a direct replacement for metals due to its stiffness, dimensional stability and corrosion resistance and is widely used in the production of precision parts for applications including automotive, electrical & electronics, industrial and medical. POM resins are available in homopolymer and copolymer formats, with acetal copolymers offering high toughness over a wide range of temperatures, with greater resistance to hot water, hot air, and creep, as against homopolymers. However, homopolymers offer better mechanical and thermal properties. Demand for polyoxymethylene (POM) worldwide was decli...