Polyoxymethylene Market.pdf

Polyoxymethylene Marketcompetition from bio-based materials with potential to replace polyoxymethylene in a fewapplications is estimated to hamper growth of POM in future.Other Market Research Reports By :Parenteral Nutrition Market : http://www.transparencymarketresearch.com/parenteralnutrition-market---sections20150804021120.htmlLignin Market : http://www.transparencymarketresearch.com/lignin-market.htmlAutomotive and electrical & electronic segments are the major applications of polyoxymethylene.Automotives constituted 32.4% of the global market share in 2012, followed by electrical andelectronic application segment. The consumer application market in RoW is likely to experiencesignificant growth and is estimated to grow at a CAGR of 5.5% from 2013 to 2019. It is expectedto be the fastest growing region during the forecast period. The others segment that includesmedical devices is also anticipated to add to the global demand for polyoxymethylene in thenear future.Browese Press Release :http://www.transparencymarketresearch.com/pressrelease/polyoxymethylene-market.htmWith major market share for polyoxymethylene, Asia Pacific is expected to be the second-fastestgrowing market with an estimated CAGR of 5.3%, by volume, from 2013 to 2019. RoW includingLatin America, the Middle East and Africa is anticipated to experience substantial growth due toincreasing demand for consumer and automotive products along with improvement in theeconomy. North America accounted for 19.8% of the total POM market share in 2012. The regionis likely to experience sluggish growth in POM demand, as market for electrical product such asswitchboards is decreasing due to decline in the construction industry of the region. Europe isexpected to expand at a CAGR of 4.5% from 2013 to 2019. It is anticipated to experiencesluggish growth compared to other fastest growing regions such as RoW due to the slow recoveryof the economy after recession and high demand from Asia.Transparency Market Research3