+1-888-308-5802     
News Contact Us

Polyetherimide market valuation to soar high from automotive applications, global industry to be valued over USD 800 million by 2025

Author : Rahul Varpe | Published Date : 2019-04-04 

To cite an instance of the extensive efforts being undertaken by acclaimed Polyoxymethylene Market participants with regards to revamping the existing product range of homopolymers, DuPont and Regina have unveiled E-F.A.S.T. (ecological, friction abating sliding thermoplastic) in September 2017. Reports claim that the latest thermoplastic material has been strengthened with a new grade of DuPont’s Delrin® acetal homopolymer, which is likely to favorably influence the environmental performance and productivity while minimizing the use of lubricants. 

Moreover, one of the key traits of DuPont’s new homopolymer is its consistently low friction coefficient which assists automotive firms to design cost-efficient, eco-friendly, longer lifespan, and low maintenance auto components. Apparently, industry experts have been raving about this new homopolymer and have further stated that the launch of this homopolymer has been a major breakthrough of sorts in the overall POM market.

Request for a sample copy of this report @  https://www.gminsights.com/request-sample/detail/1202 

Concurrently, it would be prudent to mention that high-performance plastics have played a crucial role in lowering the weight of vehicles currently being manufactured by the global automotive sector. The significance of developing lightweight vehicles can be deciphered from the fact that a mere 10 percent reduction in vehicle weight culminates into almost 7 percent cut down in fuel usage, as per reliable estimates. 

Apparently, Polyoxymethylene Market has been proved to be one such effective thermoplastic that has the potential to replace the vital metal components and parts in various applications-courtesy its striking features mentioned above. In addition to this, the recent boom being witnessed in automobile manufacturing has resulted in increased demand for polymers and engineered materials along the likes of POM. Subsequently, all these declarations clearly demonstrate the colossal commercialization prospects of the polyoxymethylene industry that are bound to materialize over the ensuing years.

Speaking on similar lines, the global Polyoxymethylene Market is fragmented into two prominent types namely copolymer polyoxymethylene and homopolymer polyoxymethylene. Out of these, homopolymer polyoxymethylene commanded the largest revenue share of the overall polyoxymethylene industry in the year 2016 and is anticipated to retain its dominant place in the forthcoming years. Commonly known as Delrin, this polyoxymethylene material is being chiefly deployed in manufacturing automotive parts owing to its superior room temperature tolerance and high tensile strength.

Over the recent years, the global polyoxymethylene market share has been flourishing on the cusp of rapidly expanding automobile and transportation industry. Owing to its exceptional dimensional stability, low friction rate, excellent rigidity, a high degree of yield strength and stiffness, polyoxymethylene is being widely utilized in manufacturing advanced lightweight materials for automobiles. 

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/1202

Speaking in the similar context, the unprecedented upsurge in environmental and economic concerns in the current era have compelled the automotive industry to produce fuel-efficient and lightweight vehicles. Elaborating further, this semi-crystalline thermoplastic material has gradually acquired a dominant position in the range of high-performance plastics, which has, in turn, propelled the growth prospects of polyoxymethylene market. In fact, as per a study report collated by Global Market Insights, Inc., the overall polyoxymethylene (POM) industry is set to register a commendable CAGR of about 8.8 percent over 2017-2024.

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

Related News

Vacuum Pump Market in China will likely to witness around 7% CAGR by 2025

Published Date: 2019-04-18         Author: Rahul Varpe

Global Market Insights provides a detailed overview of Vacuum Pump market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of Vacuum Pump market in conjunction with the geographical landscape, demand spectrum, remuneration scale, and growt... Read More

Asia Pacific Soundproof Curtains Market will depict fastest CAGR of over 5.5% during 2019 - 2024

Published Date: 2019-04-18         Author: Rahul Varpe

Global Market Insights provides a detailed overview of Soundproof Curtains market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of Soundproof Curtains market in conjunction with the geographical landscape, demand spectrum, remuneration ... Read More

Sandblasting Machines Market for wet blasting segment will hold approximately $500 Million by 2025

Published Date: 2019-04-18         Author: Rahul Varpe

Global Market Insights provides a detailed overview of Sandblasting Machines market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of Sandblasting Machines market in conjunction with the geographical landscape, demand spectrum, remunerat... Read More

© 2019 Fractovia. All Rights Reserved