Polyoxymethylene (POM) Market Size, Share, Demand, Future Growth, Challenges and Competitive Analysis
Data Bridge Market Research analyses that the polyoxymethylene (POM) market will witness a CAGR of 7.4% for the forecast period of 2021-2028 and is likely to reach at USD 7258.01 million by 2028. The polyoxymethylene (POM) market is being driven by rising applications in the electrical and electronics industry and rising usage in the transportation sector. Demand for POM in packaging and consumer electronics is likely to drive polyoxymethylene (POM) market expansion even faster. Another significant factor is the growing trend in autos to replace heavy metal component items with light plastic material as well as the acceptance for POM in medical applications. In addition, the raw material manufacturing from natural gas and penetration of metal and UV detectable POM in the food and packaging industry will create ample opportunities for the polyoxymethylene (POM) market for the forecast period of 2021-2028. Access PDF Sample Report (Including Graphs, Charts & Figures...