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Written by Robert Thomas » Updated on: September 07th, 2024
China: 70 USD/MT
In China, the price of Polyoxymethylene (POM) has decreased as a result of an oversupply and weak demand, leading to lower costs. Presently, the regional price for POM stands at 70 USD per metric ton.
The latest report by IMARC, titled " Polyoxymethylene Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," delivers a comprehensive analysis of Polyoxymethylene prices on a global and regional scale, highlighting the pivotal factors contributing to price changes. This detailed examination includes spot price evaluations at key ports and an analysis of pricing structures, such as Ex Works, FOB, and CIF, across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Polyoxymethylene Prices December 2023:
Report Offering:
The study delves into the factors affecting Polyoxymethylene price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
Request For a Sample Copy of the Report: https://www.imarcgroup.com/polyoxymethylene-pricing-report/requestsample
Polyoxymethylene Price Trend- Q4 2023
The polyoxymethylene (POM) market is influenced by several key factors driving its growth and demand. Firstly, the automotive industry plays a significant role as POM is extensively used in automotive applications due to its high strength, stiffness, and resistance to wear and tear. The increasing production of automobiles, especially in emerging economies, fuels the demand for POM. Additionally, the rise in demand for lightweight materials in various industries, including electrical and electronics, medical, and consumer goods, further contributes to the growth of the POM market. Another factor driving the market is the growing need for high-performance plastics with enhanced mechanical properties, such as the excellent dimensional stability of POM and low friction coefficient. Moreover, the expanding application areas of POM, such as in gears, bearings, valves, and plumbing fittings, continue to boost its demand globally. Furthermore, technological advancements leading to the development of improved grades of POM with better heat resistance and chemical inertness also propel market growth.
Polyoxymethylene Market Analysis
The global polyoxymethylene market size reached US$ 3.5 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 5 Billion, at a projected CAGR of 3.90% during 2023-2032. During the fourth quarter of 2023, the North American polyoxymethylene (POM) market faced a bearish trend in pricing, largely due to an excess supply of products and the influx of low-cost imports from China. Demand from the downstream automotive sector in the United States remained relatively steady, with automotive sales experiencing only slight growth, and the momentum for nearshoring activities had not yet reached significant levels. Whereas, in the fourth quarter of 2023, the pricing of polyoxymethylene (POM) showed a mixed trend in the APAC region. In China, POM prices declined due to ample supply and reduced demand, which was influenced by lower product costs. Conversely, in the Korean market, there was an increase in production costs attributed to rising prices of feedstock Formaldehyde from the exporting Dutch market. This resulted in a moderate supply of POM in South Korea, leading to a bullish market scenario. South Korea experienced the most significant fluctuations in POM prices during this quarter.
During the fourth quarter of 2023, the European polyoxymethylene (POM) market maintained stability, marked by moderate levels of supply and demand. The market experienced steady demand from downstream sectors, notably electronics and automotive, which remained consistent despite the prevailing economic downturn across the Eurozone. Despite a noteworthy increase of more than 10% in automotive sales in November, the demand for POM within the automotive sector remained subdued. The primary factor driving this rise in sales was attributed to increased demand from the Chinese electric automotive industry, with a significant portion being imported from China.
Browse Full Report: https://www.imarcgroup.com/polyoxymethylene-pricing-report
Key Points Covered in the Polyoxymethylene Pricing Report:
The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:
Regional Price Analysis:
Browse More Pricing Reports by IMARC Group:
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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IMARC is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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