Rising Automotive Sector Drives Polyoxymethylene (POM) Market Expansion Driver: A Major Catalyst in the Evolution of the Polyoxymethylene (POM) Market in 2025

How Is the Polyoxymethylene (POM) Market Projected to Grow, and What Is Its Market Size?
In the past few years, there has been considerable growth in the size of the polyoxymethylene (POM) market. The market, valued at $5.02 billion in 2024, is expected to expand to $5.32 billion in 2025, with a compound annual growth rate (CAGR) of 5.9%. The surge during this historic era is ascribed to factors such as the demand from the automotive industry, the production of consumer goods, the substitution of metal and other types of plastic, the development of the electronics industry, and the extending range of industrial applications.

In the forthcoming years, the market size of polyoxymethylene (POM) is anticipated to witness robust growth. It is predicted to escalate to $6.63 billion in 2029 with a compound annual growth rate (CAGR) of 5.7%. This expected growth during the forecast period is crediting to the rising demand from the burgeoning economies, advancements in material science, sustainability initiatives, expansion of the electric vehicles (EVs) market, and growth in the medical and healthcare sectors. The key trends during this forecast period encompass increased usage of bio-based polyoxymethylene, growth of 3d printing applications, integration of nanotechnology, personalized solutions, as well as collaborations and partnerships.

What Factors Are Fueling Growth in the Polyoxymethylene (POM) Market?
The upward trajectory of the automotive industry is predicted to boost the polyoxymethylene (POM) market's expansion. The automotive sector encompasses the design, manufacturing, marketing, and sale of motor vehicles ranging from cars and motorcycles to trucks and buses. The industry's growth is fueled by increased urbanization, higher disposable incomes, technological breakthroughs, enhanced transport infrastructure, a surge in demand for mobility solutions, and a consumer shift toward convenience and comfort. Polyoxymethylene (POM) finds extensive use in the automotive sector for a variety of applications like interior and exterior trims, door handles, fuel systems, gears, bearings, and other components due to its superior mechanical properties, low friction coefficient, and resistance to wear and chemicals. For example, the Belgium-based European Automobile Manufacturers Associationreported that global production of motor vehicles reached 85.4 million in May 2023, marking a 5.7% increase from 2021. Consequently, the upward trend in the automotive industry is fueling the expansion of the polyoxymethylene (POM) market.

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Who Are the Major Industry Players Fueling Polyoxymethylene (POM) Market Expansion?
Major companies operating in the polyoxymethylene (POM) market are BASF SE, LG Chem Ltd., China National Chemical Corporation, Mitsubishi Chemical Corporation, Saudi Basic Industries Corporation, Sumitomo Chemical Company, Asahi Kasei Corporation, Solvay S.A., DuPont De Nemours Inc., Arkema S.A., Yuntianhua Group Co. Ltd., Celanese Corporation, Kolon Plastics Inc., Daicel Corporation, Avient Corporation, China BlueChemical Ltd., Ensinger GmbH, Reinforced ThermoPlastics Company, Westlake Plastics Company, Korea Engineering Plastics Co. Ltd., Polyplastics Co. Ltd., Ticona Polymers Inc.

Which Key Developments Are Influencing the Polyoxymethylene (POM) Market?
Leading companies in the polyoxymethylene (POM) market are focusing on the creation of innovative products such as sustainable polyoxymethylene products. This is in response to growing environmental concerns and the increasing need for eco-friendly materials across diverse industries. The role of sustainable polyoxymethylene products is integral in lessening environmental damage while ensuring superior performance in various engineering uses. For example, BASF SE, a chemical company based in Germany, introduced Ultraform LowPCF (Low Product Carbon Footprint) and Ultraform BMB (Biomass Balance) in October 2022. These POM variations are designed to lower environmental damage in comparison to standard POM formulations. Ultraform LowPCF aims to cut down on the carbon emissions from its production, while Ultraform BMB employs raw materials derived from biomass in its manufacturing process, thus boosting its sustainability factor.

How Is the Segmentation of the Polyoxymethylene (POM) Market Defined?
The polyoxymethylene (POM) market covered in this report is segmented -

1) By Type: Homopolymer, Copolymer
2) By Forming Method: Injection Molding, Blow Molding, Extrusion
3) By Application: Circuit Boards, Wiring, Fuel Systems, Cooling Systems, Structural Glass, Metered Dose Inhalers, Small Gear Wheels, Ball Bearings, Door Lock Systems, Other Applications
4) By End User Industry: Aerospace, Automotive, Electrical And Electronics, Industrial And Machinery, Other End-User Industries

Subsegments:
1) By Homopolymer: High-Performance Homopolymer POM, Standard Homopolymer POM
2) By Copolymer: Polymer Grade Copolymer POM, High-Performance Copolymer POM

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What Is the Leading Region in the Polyoxymethylene (POM) Market?
Asia-Pacific was the largest region in the polyoxymethylene market in 2024. The regions covered in the polyoxymethylene (POM) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is Covered In The Polyoxymethylene (POM) Global Market Report?

- Market Size Analysis: Analyze the Polyoxymethylene (POM) Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Polyoxymethylene (POM) Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Polyoxymethylene (POM) Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Polyoxymethylene (POM) Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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