Acetal copolymers Market Overview
Acetal copolymers display excellent properties, such as toughness, stiffness, shear strength and tensile yield strength. As acetal copolymers display a low coefficient of friction against metals and have superior abrasion resistance properties, which are preferred as natural bearing materials. Also, acetal copolymers have excellent thermal properties, exceptional resistance, and long-term stability at high temperatures.
Acetal copolymers Market registering 7.9% CAGR during the forecast period (2023-2033), to reach US$ 1,242.77 Million by the end of 2033.
Copolymers are the type of polymers which are derived from multiple species of monomers. Polymerization of monomer into copolymer is called copolymerization. Globally, copolymer industry is experiencing growth in terms of innovation and transformation to the next level industry since last couple of decades. Acetal copolymer is one of the same type engineering thermoplastic resin, manufactured using the polymerization technology of formaldehyde.
The varied desired properties of acetal copolymers makes them an important polymer type in terms of applications, and hence is expected to create more opportunities among the acetal copolymers manufacturers in the near future.
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COVID-19 crisis impact on Acetal Copolymers Market
The ongoing pandemic crisis has impacted the business of manufacturers, distributors and the overall chemical industrial economy due to the disruption in the supply chain and reduce the overall demand. Several key market participants has been severely disrupted owing to restrictions, and further recovery plans have varied across the globe.
However, rapid changes in demand are encouraging the key market participants to implement flexibility in the supply chain network.
Moreover, in order to come of this situation, key market participants are finding different approaches to build robustness and resilience in the supply chain, including inventory management optimization, and adopting e-commerce, especially for the products which are experiencing a surge in demand.
Acetal Copolymers Market: Market Participants
Examples of some of the market participants in the global acetal copolymers market are as follows:
- BASF SE
- Ensinger Inc.
- Celanese Corporation
- Kolon Plastic Inc.
- Saudi Basic Industries Corporation (SABIC)
- ZL Engineering Plastics, Inc.
- Radici Partecipazioni SpA
- E. Jordan Brookes Company
- Redwood Plastics
- Grupo Repol
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Acetal Copolymers Market: Segmentation
Product Type :
- Low heat resistant
- Medium heat resistant
- High heat resistant
End use :
- Electrical & Electronics
- Polymers
- Automotive & Aerospace
- Building & Construction
- Industrial Equipment
- Others
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