Product Code: ETC4502725 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India polyoxymethylene market import shipment demonstrated robust growth with a significant CAGR from 2020 to 2024. However, there was a slight decline in growth rate between 2023 and 2024, indicating a potential stabilization or slowdown in the market's expansion. Overall, the market trend suggests a positive trajectory with some signs of moderation in recent years.
Polyoxymethylene (POM) is a versatile engineering thermoplastic used in applications like gears, bearings, and plumbing components. The India POM market is growing as industries recognize the durability and low friction properties of POM. It finds extensive use in automotive, electrical, and consumer goods sectors, contributing to its market growth.
The India Polyoxymethylene market is growing due to the demand for engineering plastics with excellent mechanical properties. Polyoxymethylene is used in automotive, electrical, and consumer goods industries for its strength, dimensional stability, and resistance to wear and tear.
In the India Polyoxymethylene Market, one of the major challenges is the competition from alternative materials. As thermoplastics like polyethylene and polypropylene gain popularity, convincing manufacturers to choose polyoxymethylene can be difficult. Environmental concerns are another hurdle, as POM production and disposal may raise sustainability issues. Additionally, quality control and ensuring product consistency can be challenging due to variations in raw materials and manufacturing processes.
The India polyoxymethylene market, like many others, experienced the disruptive effects of the COVID-19 pandemic. Supply chain disruptions and raw material shortages led to production delays and increased costs. The demand for polyoxymethylene in industries such as automotive and consumer goods was negatively impacted by the economic downturn and lockdown measures. However, the post-pandemic era has seen a resurgence of these industries with a focus on efficiency and durability, which bodes well for the polyoxymethylene market. As industries increasingly prioritize lightweight, durable, and cost-effective materials, the market is likely to regain its momentum and grow in the coming years.
The polyoxymethylene market in India is shaped by key participants like Celanese Corporation, Polyplastics Co., Ltd., BASF SE, and DuPont.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Polyoxymethylene Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Polyoxymethylene Market Revenues & Volume, 2021 & 2031F |
3.3 India Polyoxymethylene Market - Industry Life Cycle |
3.4 India Polyoxymethylene Market - Porter's Five Forces |
3.5 India Polyoxymethylene Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 India Polyoxymethylene Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for lightweight and durable materials in automotive and consumer goods sectors |
4.2.2 Increasing investments in infrastructure and construction projects in India |
4.2.3 Rising awareness about the benefits of using polyoxymethylene (POM) in various applications |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting the production costs of POM |
4.3.2 Competition from alternative materials like polyethylene and polypropylene |
4.3.3 Stringent regulations related to environmental concerns and disposal of POM waste |
5 India Polyoxymethylene Market Trends |
6 India Polyoxymethylene Market, By Types |
6.1 India Polyoxymethylene Market, By Applications |
6.1.1 Overview and Analysis |
6.1.2 India Polyoxymethylene Market Revenues & Volume, By Applications, 2021-2031F |
6.1.3 India Polyoxymethylene Market Revenues & Volume, By Electrical & Electronics, 2021-2031F |
6.1.4 India Polyoxymethylene Market Revenues & Volume, By Consumer, 2021-2031F |
6.1.5 India Polyoxymethylene Market Revenues & Volume, By Industrial, 2021-2031F |
6.1.6 India Polyoxymethylene Market Revenues & Volume, By Transportation, 2021-2031F |
6.1.7 India Polyoxymethylene Market Revenues & Volume, By Others, 2021-2031F |
7 India Polyoxymethylene Market Import-Export Trade Statistics |
7.1 India Polyoxymethylene Market Export to Major Countries |
7.2 India Polyoxymethylene Market Imports from Major Countries |
8 India Polyoxymethylene Market Key Performance Indicators |
8.1 Adoption rate of POM in new applications and industries |
8.2 Number of research and development initiatives focused on enhancing POM properties and applications |
8.3 Percentage of companies in India incorporating sustainability practices in POM production |
9 India Polyoxymethylene Market - Opportunity Assessment |
9.1 India Polyoxymethylene Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 India Polyoxymethylene Market - Competitive Landscape |
10.1 India Polyoxymethylene Market Revenue Share, By Companies, 2024 |
10.2 India Polyoxymethylene Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |