Polyoxymethylene (POM) Market Trends, Growth, Size & Forecast 2024-2031 | BASF SE, SABIC, Kolon Plastics, Inc.

Polyoxymethylene (POM) Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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Global Polyoxymethylene (POM) Market reached US$ 3.9 billion in 2022 and is expected to reach US$ 6.1 billion by 2031, growing with a CAGR of 6.1% during the forecast period 2024-2031.

The Polyoxymethylene (POM) Market is driven by its high strength, stiffness, and low friction properties, making it ideal for automotive, electronics, and industrial applications. Used in precision parts like gears, fasteners, and medical devices, POM benefits from rising demand for lightweight and durable materials. Technological advancements and sustainability efforts further shape its growth in various industries.

List of the Key Players in the Polyoxymethylene (POM) Market:

BASF SE, Asahi Kasei Corporation, SABIC, Kolon Plastics, Inc., Westlake Plastics Company, Polyplastics Co. Ltd., Mitsubishi Chemical Corporation, DuPont de Nemours, Inc., Korea Engineering Plastics Co., Ltd. and LyondellBasell Industries Holdings B.V.

Industry Development:

On February 2, 2022, Mitsubishi Gas Chemical Company, Inc. (MGC) transferred all business functions related to marketing and research of polyacetal resins, polyphenylene ether resins, and high-performance polyamide resin compounds to its wholly owned subsidiary, Global Polyacetal Co., Ltd. (GPAC). This transition was executed through a simple corporate split known as absorption.

Earlier, on June 23, 2021, Celanese Corporation, a global leader in chemical and specialty materials, acquired certain manufacturing technologies for polyacetal (POM) products from Grupa Azoty S.A. in Tarnow, Poland. Following Azoty's decision to cease POM production, Celanese took over all existing Tarnoform contracts, ensuring continued service for Azoty's customers.

Growth Forecast Projected:

The Global Polyoxymethylene (POM) Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Polyoxymethylene (POM) Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Segment Covered in the Polyoxymethylene (POM) Market:

By Type: Homopolymer, Copolymer.

By Forming Method: Injection Molding, Blow Molding, Extrusion, Others.

By Grade: Standard, Reinforced, Impact Modified, Recycled, UV Stabilized, Special Grade, Others.

By Application: Circuit Boards, Wiring, Additives, Medical Grade & Prosthetics, Food Processing Machinery Parts, Automotive Winching, Membranes, Others.

By End-User: Electrical & Electronics, Building & Construction, Automotive, Aerospace, Food Packaging, Consumers Goods, Others.

Regional Analysis for Polyoxymethylene (POM) Market:

The regional analysis of the Polyoxymethylene (POM) Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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People Also Ask:

➠ What is the global sales, production, consumption, import, and export value of the Polyoxymethylene (POM) market?

➠ Who are the leading manufacturers in the global Polyoxymethylene (POM) industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Polyoxymethylene (POM) industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Polyoxymethylene (POM) market?

➠ What are the various sales, marketing, and distribution channels in the global industry?

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