Global Polyoxymethylene Market to Benefit From Escalating Demand From RoW: Transparency Market Research

April 29, 2015 | By Business Wire News

ALBANY, N.Y.

Transparency Market Research has published a new research report, titled “Polyoxymethylene (POM) Market for Automotive, Electrical, Consumer and Other Applications – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019”. According to the publication, the global polyoxymethylene market is poised to grow at a positive CAGR of 7.6% between 2013 and 2019. In 2012, the market was valued at US$2.0 billion and will reach an estimated worth of US$3.39 billion in 2019.

Browse Report: http://www.transparencymarketresearch.com/polyoxymethylene-market.html

Polyoxymethylene is an engineering thermoplastic widely used in electronics, vehicles, and consumer goods. It is also used in the manufacture of electrical parts, electronic appliances, and disposable applicators. Escalating demand for lightweight materials from the global automotive industry will be a key driver for the polyoxymethylene market during the forecast period. In addition, increasing demand for consumer goods and electrical products from BRIC nations is anticipated to boost the demand for polyoxymethylene in the near future.

Request Sample: http://www.transparencymarketresearch.com/sample/sample.php?flag=s&rep_id=1765

However, bio-based materials will emerge as a potential alternative to polyoxymethylene in quite a few applications, which is expected to hamper growth of the polyoxymethylene market in the forthcoming years. Nevertheless, development of new products, especially copolymers, is expected to boost opportunities for the market.

Press Release:http://www.transparencymarketresearch.com/pressrelease/polyoxymethylene-market.htm

Of the major applications of polyoxymethylene, the automotive industry constituted 32.2% of the total market. It was closely followed by electronic and electrical application segments. Geography-wise, Rest of the World is likely to emerge as the fastest growing polyoxymethylene market during the forecast period, with a positive 5.5% CAGR. Asia Pacific will be the second largest market, growing at a 5.3% CAGR by volume between 2013 and 2019. In 2012, North America accounted for 19.8% of the total market, however, the demand for polyoxymethylene from North America will significantly plummet during the forecast period.

Roofing Market:http://www.transparencymarketresearch.com/roofing-market.html

About Transparency Market Research

Transparency Market Research (TMR) is a U.S. based market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.