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Middle East & Africa Medical Polyoxymethylene Market Forecast to 2028 - COVID-19 Impact & Regional Analysis By Application

Middle East & Africa Medical Polyoxymethylene Market Forecast to 2028 - COVID-19 Impact & Regional Analysis By Application

  • July 2021
  • 76 pages
  • ID: 6134698
  • Format: PDF
  • The Insight Partners

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The medical polyoxymethylene market in the MEA is expected to reach US$ 5,308.95 thousand by 2028 from US$ 4,320.02 thousand in 2020. The market is estimated to grow at a CAGR of 2.6% from 2020 to 2028. Tissue engineering is defined as an interdisciplinary field, which focuses on repairing the tissues and organs with the help of cell-polymer interactions conducted by chemists, material scientists, and other such people working in the field. Several thermoplastic and thermosetting polymers have been considered ideal materials for use in devices that assist tissue engineering. Polyoxymethylene is an engineering resin exhibiting mechanical features, which makes it ideal for use in prototyping and production of laboratory apparatus. Further, it is known to offer excellent, metal-like machining properties, along with thermal and dimensional stability, which permits the steam sterilization. Further, polyoxymethylene (POM) provides ultra-high modulus, along with enhanced strength, hardness and rigidness, minimal friction coefficient and gas/vapor permeability, dielectric strength, and better retention characteristics at elevated temperature. All such properties make it a suitable raw material to be used as a media-wetted component in a tissue-engineering bioreactor. Additionally, the emergence of applications of medical POM in tissue engineering is among the other factors expected to positively influence the demand for medical polyoxymethylene.
Based on application, the inhalers segment is expected to be the fastest growing segment for the MEA medical polyoxymethylene market during the forecast period.Polyacetal or polyoxymethylene (POM) is the formaldehyde-based and semi-crystalline form of thermoplastics, with characteristics such as better strength and rigidity and firmness, along with moldability, enhanced mechanical properties, and abrasion, fatigue, and chemical resistance.

Owing to all these properties, it is significantly used as a construction material and in designing medical equipment. The cumulative scope of characteristics possessed by such thermoplastics makes them ideal to be used across diversified application bases including dry powder inhalers and metered dose inhalers (MDIs).
Saudi Arabia has the highest number of COVID-19 cases in the Middle East & Africa, followed by Turkey and UAE, among others.The UAE was the first country in the Middle East & Africa to report a confirmed case of COVID-19.

The pandemic has affected economies and industries in various countries across the MEA region due to lockdowns, travel bans, and business shutdowns.Chemical & materials is one of the major industries suffering serious disruptions in the form of supply chain breaks and production plants shutdowns.

The shutdown of various manufacturing plants and factories in the MEA region has hampered the global supply, chain as well as manufacturing processes, delivery schedules, and goods sales.Various companies have already announced possible delays in product deliveries and projected the slump in future sales of their products.

In addition, global travel bans imposed by the MEA countries are affecting the business collaboration and partnership opportunities. These factors are making the conditions conducive for the growth of the food & beverages industry, alongside restraining the growth of other markets related to this industry. Therefore, the MEA medical polyoxymethylene market is facing difficulties to grow due to shortfall in production and insufficiency of transportation facilities.
The overall MEA medical polyoxymethylene market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.

The process also serves the purpose of obtaining overview and forecast for the MEA medical polyoxymethylene market with respect to all the segments pertaining to the region.Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic.

The participants who typically take part in such a process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the MEA medical polyoxymethylene market. BASF SE; Celanese Corporation; DuPont de Nemours, Inc.; Korea Engineering Plastics Co., Ltd.; and Mitsubishi Chemical Corporation; are among the key players operating in the MEA medical polyoxymethylene market.

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