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The global polyoxymethylene market reached a value of US$ 3.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 4.2 Billion by 2027, exhibiting a CAGR of 4.83% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Polyoxymethylene (POM), or polyacetal, is a semi-crystalline engineering thermoplastic used for manufacturing components with enhanced precision, stability and sliding properties. It is widely used as a metal substitute and produced through the process of ring-opening polymerization of formaldehyde and is supplied in the form of pellets. POM is commonly available in homopolymer and copolymer variants that are utilized to manufacture mechanical gears, fasteners, bearings and medical devices, including dialysis machines, inhalers and pharmaceutical closures. POM exhibits various advantageous properties, such as wide operating temperature range, minimal friction, high dimensional stability and heat, chemical and wear resistance. As a result, it finds extensive applications across various industries, including electronic, automotive and electrical.
The increasing demand for medical-grade POM for the manufacturing of healthcare devices is one of the key factors driving the growth of the market. POM is also widely used for the production of pen caps, outer needle caps, inner needle caps and dosage knobs of the insulin pens due to low moisture absorption, high sterility and impact resistant properties. It is also utilized for manufacturing pacemakers, artificial valves and joint reconstruction devices. Moreover, the widespread product adoption in the electronics industry is providing a thrust to the market growth. POM is utilized in electric housing, circuit boards, switches, enclosures, wiring components and cooling systems. In line with this, the increasing adoption of POM for the manufacturing of various plumbing components, such as pump impellors, fittings, appliance casings, valve stems and jug kettles, is also contributing to the market growth. Other factors, including the rising demand for effective food packaging solutions, along with the utilization of POM for automotive steering wheels, locks, door handles and headrests, are acting as other growth-inducing factors.
IMARC Group provides an analysis of the key trends in each sub-segment of the global polyoxymethylene market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, process, grade and end user.
Breakup by Type:
Breakup by Process:
Breakup by Grade:
Breakup by End User:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Asahi Kasei Corporation, BASF SE, Celanese Corporation, Daicel Corporation, DuPont de Nemours Inc., Kolon Plastic Inc., LG Chem Ltd., LyondellBasell Industries N.V., Mitsubishi Engineering-Plastics Corporation, RTP Company (Miller Waste Mills Inc.), Saudi Basic Industries Corporation (Saudi Arabian Oil Co.) and Westlake Plastics Company.
|Base Year of the Analysis||2021|
|Segment Coverage||Type, Process, Grade, End User, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||Asahi Kasei Corporation, BASF SE, Celanese Corporation, Daicel Corporation, DuPont de Nemours Inc., Kolon Plastic Inc., LG Chem Ltd., LyondellBasell Industries N.V., Mitsubishi Engineering-Plastics Corporation, RTP Company (Miller Waste Mills Inc.), Saudi Basic Industries Corporation (Saudi Arabian Oil Co.) and Westlake Plastics Company|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2499
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|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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