Press release
Top Factor Driving Polyoxymethylene (POM) Market Growth in 2025: Rising Automotive Sector Drives Polyoxymethylene (POM) Market Expansion
Polyoxymethylene (POM)
The expansion of the automotive industry is expected to promote the growth of the polyoxymethylene (POM) market. The automotive sector is experiencing growth due to factors like urbanization, rising disposable incomes, and advances in technology. POM is used in the automotive industry for components like door handles, fuel systems, and gears due to its excellent mechanical properties. The European Automobile Manufacturers Association reported a 5.7% increase in motor vehicle production in 2023. Thus, the automotive industry's growth is driving the demand for POM.
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What is the future CAGR of the polyoxymethylene (pom) market, and how will it impact industry expansion?
The polyoxymethylene (POM) market has experienced strong growth in recent years. It is expected to grow from $5.02 billion in 2024 to $5.32 billion in 2025, at a CAGR of 5.9%. This growth can be traced to the demand from the automotive industry, consumer goods manufacturing, the replacement of metals and other plastics, the expansion of the electronics industry, and an increase in industrial applications.
The polyoxymethylene (POM) market is expected to reach $6.63 billion by 2029, at a CAGR of 5.7%. This growth is driven by increased demand in emerging economies, material science innovations, sustainability efforts, the growth of the electric vehicle market, and expansion in the medical and healthcare sectors. Major trends include the adoption of bio-based POM, growth in 3D printing applications, nanotechnology integration, tailored solutions, and increased collaboration between companies.
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What are the most significant trends transforming the polyoxymethylene (pom) market today?
Companies in the polyoxymethylene (POM) market are introducing sustainable POM products to address environmental concerns and meet demand for eco-friendly materials. These products aim to reduce environmental impact while maintaining performance in engineering applications. In October 2022, BASF SE, a Germany-based chemicals company, launched Ultraform LowPCF and Ultraform BMB, two polyoxymethylene variants designed to reduce carbon emissions and incorporate biomass-derived raw materials in their production, contributing to sustainability in the POM market.
Which key market segments comprise the polyoxymethylene (pom) market and drive its revenue growth?
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 regions are at the forefront of polyoxymethylene (pom) market expansion?
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.
Who are the leading players fueling growth in the polyoxymethylene (pom) market?
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.
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What Is Covered In The Polyoxymethylene (POM) Global Market Report?
•Market Size Forecast: Examine the polyoxymethylene (pom) market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the polyoxymethylene (pom) market for a structured understanding.
•Key Players Overview: Analyze major players in the polyoxymethylene (pom) market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the polyoxymethylene (pom) market.
•Segment Contributions: Evaluate how different segments drive overall growth in the polyoxymethylene (pom) market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the polyoxymethylene (pom) market.
•Industry Challenges: Identify potential risks and obstacles affecting the polyoxymethylene (pom) market.
•Competitive Landscape: Review strategic developments in the polyoxymethylene (pom) market, including expansions, agreements, and new product launches.
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This report studies Polyoxymethylene (POM) in Global market, especially in North America, Europe, China, Japan, Southeast Asia and India, focuses on top manufacturers in global market, with capacity, production, price, revenue and market share for each manufacturer, covering
Ticona
Dupont
Polyplastics
KEP
Mitsubishi Engineering-Plastics
BASF
Asahi Kasei
Kolon industries
LG Chem
Formosa Plastis
Yunnan Yuntianhua
PTM Engineering Plastics (Nantong)
Shanghai Bluestar POM
China Bluechemical
Shenhua Group
Henan Energy And Chemical Industry Group
Tianjin Bohua Yongli Chemical Indusry
Yankuang Group
To Get Sample Copy of Report visit @ http://www.qyresearchreports.com/sample/sample.php?rep_id=962523&type=E
Market Segment…
