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Tuesday, January 31, 2023
Polyoxymethylene Market To Hit US$ 4.2 Billion by 2027 | Industry Driven by the Growing Demand for Medical Equipment

Currently, the copolymer POM holds the largest market share.

SHERIDAN, WY, USA, November 25, 2022 /EINPresswire.com/ — According to the latest report by IMARC Group, titled “Polyoxymethylene Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on the global polyoxymethylene market share. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

The global polyoxymethylene market reached a value of US$ 3.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 4.2 Billion by 2027, exhibiting a CAGR of 4.83% during 2022-2027.

Polyoxymethylene Market Application:

Polyoxymethylene (POM), or polyacetal, refers to a semi-crystalline engineering thermoplastic used for manufacturing components with enhanced precision, stability, and sliding properties. It is widely utilized as a metal substitute and produced via the process of ring-opening polymerization of formaldehyde and is supplied in the form of pellets. POM is commonly available in homopolymer and copolymer variants that are used to manufacture mechanical gears, fasteners, bearings, and medical devices, including dialysis machines, inhalers, pharmaceutical closures, etc. It exhibits numerous advantageous properties, such as wide operating temperature range, minimal friction, high dimensional stability, heat, chemical, wear resistance, etc. Consequently, it finds extensive applications across several sectors, including consumer electronics and automotive.

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