Reports and Data estimates the global Polyacetal Market competitive landscape is highly fragmented with numerous players operating on a global and regional scale. The key companies in the market are engaged in mergers and acquisitions, joint ventures, collaborations, and product launches to gain a robust revenue growth over the forecast period. The report considers 2020-2021 as historic years, 2020 as the base year, and 2018-2027 as the forecast period. The report offers CAGR and market size for the global Polyacetal Market during the forecast period.
The report also offers key insights about the top companies operating in the market and their market share and global position along with product portfolio and advancements. The top companies in the market include: Asahi Kasei Chemicals Co., SABIC, DuPont, Celanese Corporation, A. Schulman, Mitsubishi Engineering Plastics, Korea Engineering Plastics Company Limited, Polyplastics Co. Ltd., Formosa Plastics Corporation, and Kolon Plastic Inc. among others.
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PolyacetalMarket Overview :-
The global Polyacetal market is forecast to grow at a rate of 7.6% in terms of value, from 2019 to reach USD 5.88 Billion by 2027, according to a new report by Reports and Data. Polyacetal, also known as polyoxymethylene (POM) or acetal, is a semi-crystalline, formaldehyde-based, engineering thermoplastic. Some other names of the market are Polymethylene glycol, Polyformaldehyde, and Polyoxymethylene glycol. The market product is 100% recyclable. An increase in demand for Polyacetal in consumer electronic appliances and packaging is expected to augment the global market growth. It is commonly used as engineering thermoplastic in industrial and commercial precision parts owing to Polyacetal\'s properties of high abrasion resistance, low friction, good electrical properties, high heat resistance, and low water absorption.The shift in lightweight and low emission vehicles is expected to fuel the utilization of Polyacetal in the automotive industry. With the increase in the preference of engineering thermoplastic, such as Polyacetal, among the automobile manufacturers are also propelling market demand. However, increase in the bio-based engineering plastics in the end-use industries will hinder the market growth.The market for Polyacetal market in North America is expected to grow due to the rising demand from the transportation industry owing to the properties of Polyacetal, such as excellent dimensional stability under mechanical force, high stiffness, elevated temperature, and chemical contact.
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By Product Type Outlook
- Injection Molding
- Extrusion
- Others
By Application Outlook
- Consumer Goods
- Automotive
- Electrical and Electronics
- Industrial
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
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Key Questions answered by the Report:
- What is the expected year-on-year growth of the Polyacetal Market during the forecast period?
- What key trends are expected influence revenue growth of the market going ahead?
- Which region is expected to account for largest revenue share over the forecast period?
- Which key companies are profiled in the report?
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About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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