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Polyoxymethylene (POM)

Polyoxymethylene (POM) Prices Overview

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Polyoxymethylene (POM) Prices Overview

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Market Overview

Quarterly Update on Global Polyoxymethylene Market

For the Quarter Ending December 2020

Asia

The demand for Polyoxymethylene has witnessed an appreciable surge moving from Q3 to Q4 of 2020 due to the significant revival in market fundamental of downstream industries like construction industry, pharma industry and trading companies indicating a remarkable economic revival in the Asian markets. Although the demand was deemed rich during October and November, but it observed slight increment moving into December due to the unprecedented increment in shipping charges which caused the traders to pay high amount during the exchange. This abrupt freight surge ultimately increased the demand for its other available alternatives in the regional area.

Europe

Even after the fears of new Coronavirus strain following the partial lockdown in several parts of the region, the demand for Polyoxymethylene remained stable-to-firm range due to restocking activities of polyoxymethylene by buyers to combat any damage to consumer sentiments amidst its ample demand. To compensate for the regional shortage, there were fewer imports from the Asian region too. With the demand being steady, the prices of Polyoxymethylene witnessed much fluctuation during the fourth quarter of 2020.

North America

Hampered by the new strain of corona virus, the North American markets again took a twist as the sales of downstream electrical and electronic items especially smart phones saw a decline of 6% in fourth quarter of 2020. In response, the demand of Polyoxymethylene did not witness an increase as expected even after the announcement of corona vaccine roll out. Although the demand for Polyoxymethylene remained stagnant, its prices showcased marginal fluctuation due to volatile shipping charges in the final quarter.

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ChemAnalyst addresses the key problematic areas and risks associated with chemical and petrochemical business globally and enables the decision-maker to make smart choices. It identifies and analyses factors such as geopolitical risks, environmental risks, raw material availability, supply chain functionality, disruption in technology and so on. It targets market volatility and ensures clients navigate through challenges and pitfalls in an efficient and agile manner. Timeliness and accuracy of data has been the core competency of ChemAnalyst, benefitting domestic as well as global industry in tuning in to the real-time data points to execute multi-billion-dollar projects globally.

Services

Market Analysis

Company-wise installed capacity, production volume and plant operating efficiency is captured directly from manufacturers. Import and Export volume is captured from government sources and demand for Polyoxymethylene (POM) is calculated considering the production, import, export and inventory-levels on the country and regional level markets.

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Pricing Analysis

The product price is correlated with the price trend of crude oil, demand-supply gap, fluctuations in the feedstock and with the market movement of the downstream sectors.

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Company Profile

Basic details and information on financial performance of leading global players in the Polyoxymethylene (POM) market is presented in a visually captivating manner. Expansion plans and the company’s strategy is also captured to understand the vision and mission of the company to help understand the areas where companies need to focus more.

News & Deals

Daily updates on industry-specific and product-specific news, exclusive primary-based news capturing plant shutdowns/outages/closures, capacity expansions, operating rates, insights on demand-supply situation, awarding of technology licenses, new product launch and deals specifying mergers and acquisitions, strategic investments and disinvestments, to help players capitalize on market opportunity.

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Methodology

ChemAnalyst gathers information through primary research surveys conducted with various Polyoxymethylene manufacturers, spread across the domestic and international market, suppliers and dealers/distributors to gain insights into value-chains and demand-supply scenario to assess the market situation. Thorough study of company’s annual reports and secondary sources such as exhaustive search on credible paid databases, including our internal database is done to verify the information. All the collected information is analyzed, evaluated and presented in chronological order to depict a meaningful and clear picture of the concerned market.

Our dedicated team of industry experts comprehensively monitors and analyzes various aspects of the Global Polyoxymethylene market. The team analyzes various industrial segments, strategic viewpoints and provides an analysis of the industry’s performance in the long run. This would enable our clients in efficiently plan their future investments, mitigate risk, understand the cost dynamics and strike out a balance amidst market volatility.

Critical examination of the impact of COVID-19 pandemic on the global supply chains and shift in demand patterns with change in buying behavior of consumers across the globe.

Several ongoing development projects across industries are tracked, followed by the details of major projects in the development stage, which can positively or negatively influence Global Polyoxymethylene market.

Pricing is captured through exhaustive primary interviews with domestic and international manufacturers, traders and importers and customers on monthly and yearly basis.

Finally, region-specific markets for Polyoxymethylene are analyzed and region-wise demand pattern is tracked.

About

Polyoxymethylene (POM), also referred as Acetal, Polyacetal and Polyformaldehyde was discovered by Hermann Staudinger in 1920, but back then it was not thermally stable enough to be used as it was an engineered thermoplastic. Thermally stable Polyoxymethylene was discovered by Stephen Dal Nagore who figured that reacting the ends of Hemiacetal with Acetic Anhydride can transform the depolymerized Hemiacetal into a thermally stable plastic. The final product formed had high strength, hardness, and rigidity, thus it could be used in insulators, bobbins, and connectors. Besides, its high thermal stability and in toxicity makes it favorable to be used in insulin pen and metered dose inhaler in pharmaceuticals industry. Polyoxymethylene can be produced commercially with the help of anhydrous formaldehyde.

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Polyoxymethylene (POM) Prices Overview