Market revenue in 2023 | USD 8.7 million |
Market revenue in 2030 | USD 14.1 million |
Growth rate | 7.2% (CAGR from 2023 to 2030) |
Largest segment | Copolymer pom |
Fastest growing segment | Copolymer POM |
Historical data | 2018 - 2022 |
Base year | 2023 |
Forecast period | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Homopolymer POM, Copolymer POM |
Key market players worldwide | Dow Inc, Celanese Corp Class A, DuPont de Nemours Inc, Daicel Corp, Asahi Kasei Corp, Mitsubishi Gas Chemical Co Inc, SABIC, Avient Corp, Clariant AG, Jet-Hot, Innovative Plastics, Korea Engineering Plastics Co., China National Bluestar Group, ICD High Performance Coatings |
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The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to medical polyoxymethylene (pom) market will help companies and investors design strategic landscapes.
Copolymer pom was the largest segment with a revenue share of 63.22% in 2023. Horizon Databook has segmented the India medical polyoxymethylene (pom) market based on homopolymer pom, copolymer pom covering the revenue growth of each sub-segment from 2018 to 2030.
India is a major player in the global pharmaceutical and medical devices market, driven by its numerous local small and medium enterprises (SMEs) and increasing spending on healthcare by a substantial middle-class population. In March 2024, Medtronic announced plans to invest USD 350 million to develop an engineering & research center in Hyderabad.
In another case of foreign investment, in May 2024, Omron Healthcare announced to develop a medical device manufacturing unit in Tamil Nadu worth USD 15.5 million. The support from the government and increasing foreign investments in the country are expected to drive the medical devices sector over the forecasted period.
Horizon Databook provides a detailed overview of country-level data and insights on the India medical polyoxymethylene (pom) market , including forecasts for subscribers. This country databook contains high-level insights into India medical polyoxymethylene (pom) market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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