Press release
Polyoxymethylene (POM) Plastic Market, Global Outlook & Forecast 2025-2032
Polyoxymethylene Plastic & Market Size,Demand & Supply, Regional and Competitive Analysis 2025-2031
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➣ Market Size
The global Polyoxymethylene (POM) plastic market was valued at US$ 3.8 billion in 2024 and is projected to reach US$ 5.9 billion by 2032, growing at a CAGR of 5.6% during the forecast period.
The market growth is driven by the rising demand for lightweight and durable materials in the automotive, consumer electronics, and healthcare industries. The increasing shift toward high-performance polymers due to their superior properties further fuels the market expansion.
➣ Market Dynamics (Drivers, Restraints, Opportunities, and Challenges)
➣ Drivers:
Growing Automotive Industry: POM is widely used in automotive applications, including fuel system components, gears, and interior parts due to its high wear resistance and low friction.
Increasing Demand in Consumer Electronics: The electronics industry relies on POM for manufacturing components like connectors and switches due to its excellent electrical insulating properties.
Superior Mechanical Properties: POM's high tensile strength, fatigue resistance, and dimensional stability make it an ideal choice for precision applications.
Rising Demand in Healthcare Applications: POM's chemical resistance and biocompatibility make it suitable for use in medical devices and equipment.
➣ Restraints:
Fluctuating Raw Material Prices: POM production depends on petroleum-based raw materials, making it susceptible to price fluctuations.
Environmental Concerns: The non-biodegradability of POM and stringent regulations regarding plastic usage could hinder market growth.
Availability of Substitutes: The presence of alternative engineering plastics, such as polyamide and polycarbonate, poses competition to POM.
➣ Opportunities:
Growing Demand for Lightweight Materials: The shift toward fuel-efficient vehicles and lightweight consumer products presents a significant growth opportunity for POM.
Advancements in Manufacturing Technologies: Innovations in polymer blending and processing techniques are expanding POM's applications.
Expansion in Emerging Markets: Rapid industrialization in developing regions such as Asia-Pacific is boosting POM demand.
➣ Challenges:
Recycling and Sustainability Issues: The lack of efficient recycling methods for POM remains a significant challenge.
Supply Chain Disruptions: Geopolitical tensions and trade restrictions can affect the availability and pricing of raw materials.
Download a free Sample Report PDF: https://www.24chemicalresearch.com/download-sample/48278/global-impact-of-covid-outbreakpolyoxymethylene-plastic-2020-524
➣ Regional Analysis
➣ North America
North America, led by the United States, holds a significant share of the POM market due to high automotive production and strong demand from the healthcare and electronics sectors. The presence of key players such as Celanese and DuPont further strengthens market growth.
➣ Europe
Europe is witnessing steady market expansion, driven by Germany, the UK, and France. The region's focus on sustainable automotive solutions and high adoption of advanced engineering plastics are propelling POM demand.
➣ Asia-Pacific
The Asia-Pacific region dominates the global POM market, with China, Japan, South Korea, and India being major contributors. The rapid growth of the automotive, electronics, and manufacturing industries is fueling demand for high-performance polymers.
➣ South America
Countries like Brazil and Argentina are experiencing growing industrialization, leading to increased adoption of POM in various applications.
➣ Middle East & Africa
The market in this region is in its nascent stage but is expected to grow due to increasing industrial activities and infrastructure development.
➣ Competitor Analysis
➣ Key players in the global Polyoxymethylene (POM) market include:
• Polyplastics Co., Ltd
• Mitsubishi Engineering-Plastics Corporation
• Celanese
• DuPont
• BASF
• Asahi Kasei
• Formosa Plastics Corporation
• KOLON
• Shenhua Ningxia Coal Industry Group Co., Ltd.
Global Polyoxymethylene (POM) Plastic Market: Market Segmentation Analysis
This report provides a deep insight into the global Polyoxymethylene (POM) Plastic market, covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trends, niche markets, key market drivers and challenges, SWOT analysis, and value chain analysis.
The analysis helps readers shape competition within the industry and devise strategies for the competitive environment to enhance potential profits. Furthermore, it provides a simple framework for evaluating and assessing the position of business organizations.
➣ Market Segmentation (by Application)
• Automotive Industry
• Consumer
• Others (Medical Devices, Healthcare, etc.)
➣ Market Segmentation (by Type)
• polyoxymethylene
• Co-polyoxymethylene
➣ Key Company
• Polyplastics Co., Ltd
• Mitsubishi Engineering-Plastics Corporation
• Celanese
• DuPont
• YUNTIANHUA
• BLUESTAR
• BASF
• Asahi Kasei
• KEP
➣ Geographic Segmentation
• North America (USA, Canada, Mexico)
• Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
• Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
• South America (Brazil, Argentina, Colombia, Rest of South America)
• The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
FAQs
01. What is the current market size of the Polyoxymethylene (POM) Plastic Market?
➣ The market was valued at US$ 3.8 billion in 2024 and is projected to reach US$ 5.9 billion by 2032 at a CAGR of 5.6%.
02. Which are the key companies operating in the Polyoxymethylene (POM) Plastic Market?
➣ Leading players include Celanese, DuPont, BASF, Polyplastics Co., Ltd, Mitsubishi Engineering-Plastics Corporation, and Formosa Plastics Corporation.
03. What are the key growth drivers in the Polyoxymethylene (POM) Plastic Market?
➣ Major drivers include rising demand from the automotive and consumer electronics industries, superior mechanical properties of POM, and increasing healthcare applications.
04. Which regions dominate the Polyoxymethylene (POM) Plastic Market?
➣ Asia-Pacific leads the market, followed by North America and Europe.
05. What are the emerging trends in the Polyoxymethylene (POM) Plastic Market?
➣ Key trends include technological advancements in polymer blending, increasing demand for lightweight materials, and growing adoption in medical applications.
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