In the Asia Pacific, the polyacetal resin price trend experienced fluctuations in Q1 due to international demand, but declined later due to reduced offtakes, weakened economic conditions, and oversupply. In Europe, low demand from end user industries and supply chain issues led to price stabilization in March, followed by Q2 decline due to weak automotive and construction demand, inflation, and interest rates. North America faced reduced buyer interest, economic slowdown, production plant closures in Q1, and continued financial constraints in Q2, impacting polyacetal resin prices. Supply chain challenges also affected major players, contributing to the resin’s declining price trend.
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Definition
Polyacetal resin, also known as polyoxymethylene (POM), is a thermoplastic polymer characterized by its high mechanical strength, rigidity, and excellent dimensional stability. It exhibits low friction, high wear resistance, and good chemical stability, making it suitable for various engineering applications. POM has a low coefficient of friction, self-lubricating properties, and resistance to moisture absorption, which contribute to its durability and performance in applications requiring moving parts or tight tolerances. Its properties make it a popular choice for automotive, electronics, consumer goods, and industrial components where strength, precision, and reliability are essential.
Key Details About the Polyacetal Resin Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Polyacetal Resin in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Polyacetal Resin Price chart, including India Polyacetal Resin price, USA Polyacetal Resin price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Polyacetal Resin Price Trend:
Polyacetal resin, also known as polyoxymethylene (POM), serves a wide range of industrial applications due to its excellent mechanical and thermal properties. In the automotive industry, it’s used for components like gears, bearings, and fuel system parts due to its low friction and high wear resistance. Its chemical stability and dimensional stability make it suitable for precision engineering components in electronics and electrical industries. Moreover, its self-lubricating properties and resistance to moisture absorption find applications in manufacturing conveyor belts, rollers, and other mechanical components. The food and beverage industry also utilizes POM for its FDA-approved status and ability to withstand repeated cleaning cycles, making it suitable for packaging and processing equipment.
Key Players:
- BASF
- Chevron Phillips ChemicalCo
- DOW
- ExxonMobil
- INEOS
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