Acetal Copolymer Market Analysis 2021-2028

The acetal copolymer resin is a compound that helps in making plastic. It is also known as polyoxymethylene (POM) and is used in wide range of manufacturing applications where strength, low moisture, chemical resistance, and dimension stability is required. This acetal copolymer material is a semi-crystalline thermoplastic, which has excellent machining characteristics, which include bearing & wear, and chemical resistance. Additional properties such as sharp melting point, low material weight and less frictional properties increases its demand in the market. The products that are made using acetal copolymer are Gear wheels, lock systems, rollers, bearings, buckles, bushings, fixtures, jigs, valves, Wear strips and padding, and fasteners and various other components like washers, discs, and spacers. Acetal copolymer is majorly used in the automotive and electronic sectors.

Market Scope and Structure Analysis

COVID-19 Impact analysis

• The acetal copolymer market is expected to witness a slowdown, owing to decline in demand and supply chain disruptions due to the global COVID-19 outbreak.
• The electronic industry has witnessed high impact owing to COVID-19, which in turn is expected to hamper the demand for acetal copolymer across the globe.
• Those companies who were manufacturing this acetal copolymer have not resumed their work yet, it might hamper the growth of acetal copolymer market.
• Automotive industry, which is the major end user of the acetal copolymer, has been severely affected due to the nationwide lockdowns. This restricts the growth prospects for the acetal copolymer market.

Top Impacting Factors

The acetal copolymer market is expected to witness an increase in demand owing to its properties such as tensile strength, flexural modulus, heat deflection temperature, maximum continuous service temperature in air, water absorption, coefficient of linear thermal expansion, and coefficient of friction (dynamic). Delrin and nylon are the major substitutes of acetal copolymer in the market which show similar properties. This factor is expected to hamper the growth of the global acetal copolymer market during the forecast period. At present, the global acetal copolymer market is expected to witness growth opportunities owing to the presence of major players operating in the market investing heavily on R&D and aiming on quality improvement such as poor UV stability, and slow ceiling temperature. Over the last few years, there has been an increase in the demand for acetal copolymer in various other sectors including medical, food industry, furniture, packaging, sports, and clothing, is expected to drive the growth of acetal copolymer market during the forecast period.

Market Trends

• Environmental-friendly technologies are considered while panning the resources of time, money, and people and strategies are formed to enhance the core business.
• In value chain analysis, two major factors are process design and plant capacity design which help in optimization of both economic cost and environmental benefit.
• Emerging strategies which include reduction of volatile organic compounds, acid rain resistance, and scratch resistance in automotive topcoats, and low temperature cure for saving energy are recent developing trends in the acetal copolymer market.
• Government intervention due to strict regulations in the global trade limit the market growth.
• Presently, the top-notch players of the acetal market are introducing different techniques to deal with carbon impression and empower supportable arrangements that create monetary and ecological investment funds, which witness the market growth.
• This new addition in product portfolio is assuring 100% inexhaustible power and can possibly be 100% reused. This is expected to drive the attention of the government for its application.

Key Segments Covered

Type

• Low Heat Resistant
• Medium Heat Resistant
• High Heat Resistant

Application

• Consumer Goods
• Electronics
• Industrial
• Automotive
• Food & Packaging
• Others

Region

• North America 
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia-Pacific
• LAMEA
  • Brazil
  • Saudi Arabia
  • South Africa
  • Rest of LAMEA

Key Benefits of the Report

• This study presents the analytical depiction of the acetal copolymer industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the acetal copolymer market share.
• The current market is quantitatively analyzed from 2019 to 2028 to highlight the acetal copolymer market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed acetal copolymer market analysis based on competitive intensity and how the competition will take shape in coming years

Questions answered in the Acetal Copolymer Market Report

• Who are the leading market players active in the acetal copolymer market?
• What current trends will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the market?
• What future projections would help in taking further strategic steps?
• What are the current trends and predicted trends?
• What are the challenges faced in the acetal copolymer market?