Polyoxymethylene Market Share, Key Opportunities and Forecasts To 2022: Grand View Research, Inc

Growth of major end-use industries such as automotive, commercial goods and electrical & electronics is expected to drive the global polyoxymethylene market over the forecast period. Increasing POM demand in packaging and consumer electronic appliances is expected to further augment the global market growth. POM is widely used as engineering thermoplastic in commercial and industrial precision parts owing to its properties such as low friction, high abrasion resistance, high heat resistance, good electrical properties and low water absorption. Due to low weight and high strength it is used in industries in place of heavy metal parts such as small gears, ball bearings, fasteners, ski bindings and lock systems.
http://www.grandviewresearch.com/industry-analysis/polyoxymethylene-pom-market