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Global Market Insights 4 North Main Street 19975 Selbyville, Delaware, United States https://gminsights.com
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Global Market Insights

Polyoxymethylene Market will grow at 8.8% CAGR up to 2024 driven by DuPont, A. Schulman, Inc., BASF, Celanese, LG Chem, SABIC, RTP Company

Polyoxymethylene (POM) market will be majorly driven by drifting preference from metal to plastic components usage in automobile industry as the POM application in vehicle body manufacturing reduces the weight of automobile and pollutant emissions

(PresseBox) (Selbyville, Delaware, )
Polyoxymethylene (POM) Market demand was more than USD 5 billion and will witness 8.8% CAGR during 2018-2024 owing to majorly driven by drifting preference from metal to plastic components usage in automobile industry. The product application in vehicle body manufacturing reduces the overall weight of the automobile as well as results in significant reduction in pollutant emissions. These positive product attributes will drive its demand in automobile industry in the coming years. Automobile market growth shall be a major revenue generator for the polyoxymethylene market over the projected timespan.

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