Polyoxymethylene Market Report by Type (Homopolymer POM, Copolymer POM), Process (Injection Molding, Extrusion Molding, and Others), Grade (Standard, Reinforced, Impact Modified, Recycled, UV Stabilized, and Others), End User (Electrical and Electronics, Automotive and Transportation, Medical, Consumer Goods and Appliances, Construction, and Others), and Region 2024-2032

Polyoxymethylene Market Report by Type (Homopolymer POM, Copolymer POM), Process (Injection Molding, Extrusion Molding, and Others), Grade (Standard, Reinforced, Impact Modified, Recycled, UV Stabilized, and Others), End User (Electrical and Electronics, Automotive and Transportation, Medical, Consumer Goods and Appliances, Construction, and Others), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A4502
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Market Overview:

The global polyoxymethylene market size reached US$ 3.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 5.0 Billion by 2032, exhibiting a growth rate (CAGR) of 3.9% during 2024-2032.

Report Attribute 
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 3.5 Billion
Market Forecast in 2032
US$ 5.0 Billion
Market Growth Rate 2024-2032 3.9%


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. 

polyoxymethylene market

Polyoxymethylene Market Trends:

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.

 

 
 

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global polyoxymethylene market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on type, process, grade and end user.

Breakup by Type:

 

 
 

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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  • Homopolymer POM
  • Copolymer POM
     

Breakup by Process:

  • Injection Molding
  • Extrusion Molding
  • Others
     

Breakup by Grade:

  • Standard
  • Reinforced
  • Impact Modified
  • Recycled
  • UV Stabilized
  • Others
     

Breakup by End User:

  • Electrical and Electronics
  • Automotive and Transportation
  • Medical
  • Consumer Goods and Appliances
  • Construction
  • Others
     

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
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$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
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)

Key Questions Answered in This Report:

  • How has the global polyoxymethylene market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global polyoxymethylene market?
  • What are the key regional markets?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the process?
  • What is the breakup of the market based on the grade?
  • What is the breakup of the market based on the end user?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global polyoxymethylene market and who are the key players?
  • What is the degree of competition in the industry?

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Polyoxymethylene Market Report by Type (Homopolymer POM, Copolymer POM), Process (Injection Molding, Extrusion Molding, and Others), Grade (Standard, Reinforced, Impact Modified, Recycled, UV Stabilized, and Others), End User (Electrical and Electronics, Automotive and Transportation, Medical, Consumer Goods and Appliances, Construction, and Others), and Region 2024-2032
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