Comprehensive Analysis of the Global Automotive Grade POM Market: Growth Trends & Market Forecasts (2024 - 2031)

The "Automotive Grade POM Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The Automotive Grade POM market is expected to grow annually by 7.7% (CAGR 2024 - 2031).

This entire report is of 139 pages.

Automotive Grade POM Introduction and its Market Analysis

The Automotive Grade POM Market research reports analyze the specific market conditions for this industry. Automotive Grade POM, a high-performance engineering plastic, is gaining traction in the automotive sector due to its excellent mechanical and chemical properties. The target market includes automotive manufacturers seeking lightweight, durable materials for applications such as gears, fuel systems, and interior components. Major factors driving revenue growth include the increasing demand for fuel-efficient vehicles and advancements in automotive technology. Companies operating in the Automotive Grade POM market include Daicel Corporation, Mitsubishi Engineering-Plastics Corporation, Celanese, DuPont, Yuntianhua Group, HENAN ENERGY AND CHEMICAL INDUSTRY, BASF, KOLON, and KEP. The report's main findings highlight the market's growth potential and recommend strategies for companies to capitalize on this trend.

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The global Automotive Grade POM market is segmented into Homopolymer POM and Copolymer POM, with applications in Automotive Electrics and Electronics, Automotive Interior, and Automotive Exterior. Homopolymer POM is preferred for high-performance applications, while Copolymer POM offers improved impact resistance. Regulatory and legal factors specific to the market include strict quality standards set by automotive manufacturers, environmental regulations on material disposal, and industry-specific safety regulations. Companies operating in this market must adhere to these regulations to ensure product compliance and avoid legal consequences. As the automotive industry continues to grow, the demand for high-quality POM materials is expected to increase, driving the market forward. It is essential for companies to stay informed about regulatory changes and adapt their strategies accordingly to remain competitive in this dynamic market landscape.

Top Featured Companies Dominating the Global Automotive Grade POM Market

The automotive grade POM market is highly competitive with several key players dominating the industry. Some of the prominent companies operating in the automotive grade POM market include Daicel Corporation (Polyplastics), Mitsubishi Engineering-Plastics Corporation, Celanese, DuPont, Yuntianhua Group, HENAN ENERGY AND CHEMICAL INDUSTRY, BASF, KOLON, and KEP.

These companies use automotive grade POM in a wide range of applications such as automotive interiors, exteriors, under-the-hood components, and other automotive parts due to its high strength, stiffness, and chemical resistance. They focus on product innovation, technological advancements, and strategic partnerships to enhance their market presence and gain a competitive edge.

Daicel Corporation (Polyplastics), for example, is a leading player in the automotive grade POM market with a strong focus on product quality and customer satisfaction. Mitsubishi Engineering-Plastics Corporation is known for its extensive product portfolio and innovative solutions for the automotive industry. Celanese, DuPont, BASF, and other companies also play a significant role in driving the growth of the automotive grade POM market through their extensive research and development activities.

In terms of sales revenue, some of the above-listed companies have reported impressive financial performance. Daicel Corporation (Polyplastics) reported sales revenue of over $2 billion in 2020, while Mitsubishi Engineering-Plastics Corporation generated sales revenue of around $ billion in the same year. Celanese, DuPont, BASF, and other companies also reported substantial sales revenue, indicating the growing demand for automotive grade POM in the global market. These companies' efforts and investments in the automotive grade POM market are expected to fuel its growth further in the coming years.

• Daicel Corporation (Polyplastics)
• Mitsubishi Engineering-Plastics Corporation
• Celanese
• DuPont
• Yuntianhua Group
• HENAN ENERGY AND CHEMICAL INDUSTRY
• BASF
• KOLON
• KEP

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Automotive Grade POM Market Analysis, by Type:

• Homopolymer POM
• Copolymer POM

Homopolymer POM and Copolymer POM are two main types of automotive grade POM. Homopolymer POM offers high stiffness, rigidity, and strength, making it ideal for applications requiring structural integrity. Copolymer POM, on the other hand, provides improved impact resistance and chemical resistance. The availability of these two types of POM allows manufacturers to choose the most suitable material for their specific automotive components, leading to better performance and durability. This variety in POM options helps boost the demand for automotive grade POM in the market as it caters to a wide range of needs in the automotive industry.

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Automotive Grade POM Market Analysis, by Application:

• Automotive Electrics and Electronics
• Automotive Interior
• Automotive Exterior

Automotive Grade POM is utilized in various automotive applications due to its superior mechanical, thermal, and chemical properties. In automotive electrics and electronics, POM is used for connectors, switches, and relays due to its excellent electrical insulation properties. In automotive interior components like seat belt buckles and airbag housings, POM provides high strength and impact resistance. In automotive exterior parts such as mirror housings and grille components, POM offers excellent weathering resistance and dimensional stability. The fastest growing application segment in terms of revenue is automotive electrics and electronics, as vehicles are becoming increasingly electronic and connected.

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Automotive Grade POM Industry Growth Analysis, by Geography:

North America:

• United States
• Canada

Europe:

• Germany
• France
• U.K.
• Italy
• Russia

Asia-Pacific:

• China
• Japan
• South Korea
• India
• Australia
• China Taiwan
• Indonesia
• Thailand
• Malaysia

Latin America:

• Mexico
• Brazil
• Argentina Korea
• Colombia

Middle East & Africa:

• Turkey
• Saudi
• Arabia
• UAE
• Korea

The North America region, particularly the United States and Canada, is expected to see significant growth in the Automotive Grade POM market due to the strong presence of automotive manufacturers. In Europe, countries like Germany, France, ., Italy, and Russia are projected to dominate the market with their advanced automotive industry. In the Asia-Pacific region, China, Japan, South Korea, India, and Australia are expected to hold a considerable market share. Latin America, including Mexico, Brazil, Argentina, and Colombia, is also anticipated to witness growth in the Automotive Grade POM market. The Middle East & Africa region, especially Turkey, Saudi Arabia, and the UAE, is expected to show steady growth. The market share percentage valuation is estimated to be highest in North America and Europe, followed by Asia-Pacific, Latin America, and the Middle East & Africa.

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