Polyoxymethylene (POM) Market Poised for Strong Growth to USD 6.1 Billion by 2031, Led by Asia-Pacific's Dominant Share | DataM Intelligence

The Global Polyoxymethylene (POM) Market reached USD 3.9 billion in 2022 and is projected to reach USD 6.1 billion by 2031, growing at a CAGR of 6.1% during the forecast period 2024-2031. This robust growth is driven by the material's superior engineering properties, high stiffness, low friction, and excellent dimensional stability, which make it indispensable in lightweighting and miniaturisation trends across automotive, electronics, and healthcare, coupled with the rapid industrialisation and manufacturing growth in the Asia-Pacific region.

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Asia-Pacific: Key Industry Developments (Largest & Fastest Growing Region)
✅ November 2025: Mitsubishi Chemical Corporation and Polyplastics Co., Ltd. announced a joint investment to double POM copolymer production capacity at their integrated facility in China. The expansion specifically targets the soaring demand for high-purity, low-VOC grades used in automotive fuel systems and precision medical components.
✅ October 2025: Korea Engineering Plastics Co., Ltd. (KEP) unveiled a new family of glass-fiber reinforced POM compounds with enhanced thermal stability. Developed in collaboration with South Korean EV battery manufacturers, these materials are designed for intricate housings and connectors within next-generation battery management systems.
✅ September 2025: The Indian government's "Production Linked Incentive (PLI) Scheme for Advanced Chemistry Cell (ACC) Battery Storage" spurred new domestic demand. Major Indian auto component suppliers signed long-term offtake agreements with BASF SE and SABIC for specialized POM grades used in EV ancillary systems and consumer electronics assembly.

Key Mergers and Acquisitions (2025):
✅ A major chemical conglomerate acquires a specialty compounding business: In October 2025, to strengthen its engineered materials portfolio, a global chemical player acquired a company specializing in high-performance, custom-colored POM compounds for the automotive and consumer goods sectors, enhancing its application development capabilities.
✅ Asahi Kasei Corporation expands its footprint in Southeast Asia: In September 2025, Asahi Kasei Corporation completed the acquisition of a polymer distribution and compounding network in Thailand and Vietnam. This move aims to secure downstream integration and provide just-in-time technical support to the region's growing electronics and appliance manufacturing base.

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Market Segmentation Analysis:
-By Type: Copolymer Holds Slight Dominance with Broader Application
Copolymer POM holds a slightly larger market share due to its superior thermal and chemical stability, lower formaldehyde emission, and easier processing. It is the preferred choice for applications requiring enhanced resistance to hot water, alkalis, and for components in close contact with fuels.
Homopolymer POM offers higher mechanical strength, stiffness, and creep resistance. It dominates in applications where extreme dimensional stability and fatigue endurance are critical, such as in high-precision gears, fasteners, and spring components.

-By End-User: Automotive and Electrical & Electronics Command Largest Portion
The Automotive industry is the single largest consumer of POM. Its use spans from fuel system components (caps, valves), interior trims (seatbelt components, clips), under-the-hood applications (pulleys, gears), to advanced driver-assistance systems (ADAS) sensor housings, driven by lightweighting and durability.
The Electrical & Electronics segment, covering more than one-third of the market, is a primary growth driver. POM is essential for manufacturing precision parts like connectors, switches, gears in printers and cameras, insulators, and structural components in smartphones and wearables due to its excellent dielectric properties and wear resistance.

-By Application: Precision Mechanical Parts are Fundamental
Applications in small gear wheels, ball bearings, door lock systems, and fuel system components represent the core volume drivers. POM's low friction, high wear resistance, and ability to maintain tight tolerances make it the material of choice for these high-performance, moving mechanical parts across industries.
Emerging high-value applications in medical devices (inhalers, surgical tools) and consumer goods (high-end appliances, zippers) are contributing significantly to value-based growth.

Growth Drivers:
1. Lightweighting and Miniaturization Trends in Automotive and Electronics: The global push for fuel efficiency in vehicles and the constant demand for smaller, more powerful electronic devices create a structural need for high-strength, lightweight engineering plastics like POM to replace metals.
2. Superior Material Properties Over Commodity Plastics: POM's unmatched combination of high mechanical strength, stiffness, low friction, excellent creep resistance, and dimensional stability provides a performance envelope that materials like nylon, polypropylene, or ABS cannot match for precision parts.
3. Rapid Growth of Manufacturing, Especially in Asia-Pacific: The region's dominance as the "factory of the world" for automotive, electronics, and consumer goods directly translates into the highest consumption of engineering plastics, with POM being a critical material in thousands of components.
4. Expansion into New, High-Value Applications: Continuous material innovation is opening doors in healthcare (drug delivery devices), aerospace (interior components), and advanced food packaging (dispensing systems), creating new revenue streams beyond traditional industrial uses.
5. Replacement of Traditional Materials for Cost and Performance: POM often provides a more cost-effective solution than metals (through part consolidation, easier processing) while outperforming other plastics in harsh environments (exposure to fuels, chemicals, continuous mechanical stress).

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Regional Insights:
Asia-Pacific is both the largest and fastest-growing market for POM. This dual leadership is anchored by the region's massive manufacturing base for end-use industries particularly automotive and electronics-in China, Japan, South Korea, and Southeast Asia. Local production by key global players feeds this demand directly.
North America and Europe are mature, innovation-driven markets. Growth is sustained by high-value applications in advanced automotive engineering, medical devices, and aerospace, where performance specifications often demand premium, specialty POM grades. The focus is on sustainability and material innovation.

Key Players:
BASF SE | DuPont de Nemours, Inc. | Polyplastics Co., Ltd. | Mitsubishi Chemical Corporation | Asahi Kasei Corporation | Celanese Corporation (implicit major player) | SABIC | Kolon Plastics, Inc. | LyondellBasell Industries Holdings B.V. | Korea Engineering Plastics Co., Ltd. (KEP)

Key Highlights (Top 5 Key Players) for Polyoxymethylene (POM) Market:
1. Polyplastics Co., Ltd. (a joint venture between Daicel Corporation and Celanese) is the world's largest producer of POM, particularly strong in Asia. Its Duracon® brand is synonymous with high-quality copolymer POM, and its vast application expertise across automotive and electronics makes it a market-defining leader.
2. Celanese Corporation is a global engineering materials powerhouse and a pioneer in POM technology with its Celcon® and Hostaform® brands. Its strength lies in a broad portfolio of homopolymer and copolymer grades, deep application development, and a strong global manufacturing and technical service network.
3. DuPont de Nemours, Inc. is the original inventor of POM homopolymer (Delrin®). It maintains a leadership position in the high-performance segment, known for its superior strength and stiffness. DuPont's focus on sustainability with its renewable-attributed Delrin® RE line is shaping the future of the market.
4. Mitsubishi Chemical Corporation (producer of Iupital® and Tenac®) is a leading integrated chemical company with a strong foothold in the Asian market. Its expertise spans the entire value chain, from monomer production to high-performance compounds, ensuring quality and supply security.
5. BASF SE (producer of Ultraform®) leverages its position as the world's largest chemical company. Its strength is in providing tailored material solutions, a global supply chain, and integrating POM into broader system solutions for its automotive and industrial customers.

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