Polyoxymethylene Market Research Report – Global Forecast till 2030

Polyoxymethylene (POM) Market: Information by Type (Acetal Homopolymer, Acetal Copolymer), Product (Unfilled, Glass Fiber Reinforced, Impact Modified, UV Resistant), End-Use Industry (Automotive, Electrical and Electronics, Industrial Machinery), and Region — Global Forecast till 2030

ID: MRFR/CnM/6109-HCR | February 2021 | Region: Global | 140 Pages         

TABLE OF CONTENTS

1 Executive Summary

2 Market Introduction

2.1 Market Definition

2.2 Scope of the Study

2.3 List of Assumptions

2.4 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

3.5 Forecast Model

4 Market Dynamics of Global Polyoxymethylene (POM) Market

4.1 Introduction

4.2 Drivers

4.3 Restraints

4.4 Opportunities

4.5 Challenges

4.6 Trends/Technology

5 Market Factor Analysis of Global Polyoxymethylene (POM) Market

5.1 Supply Chain Analysis

5.1.1 Raw Material Suppliers

5.1.2 Manufacturers/Producers

5.1.3 Distributors/Retailers/Wholesalers/E-Commerce

5.1.4 End User

5.2 Porter’s Five Forces Analysis

5.2.1 Threat of New Entrants

5.2.2 Bargaining Power of Buyers

5.2.3 Bargaining Power of Suppliers

5.2.4 Threat of Substitutes

5.2.5 Intensity of Competitive Rivalry

5.3 Pricing Analysis

5.4 Production Outlook

6. Global Polyoxymethylene (POM) Market, by Type

6.1 Introduction

6.2 Acetal Homopolymer

6.2.1 Market Estimates & Forecast, 2020−2027

6.2.2 Market Estimates & Forecast, by Region, 2020−2027

6.3 Acetal Copolymer

6.3.1 Market Estimates & Forecast, 2020−2027

6.3.2 Market Estimates & Forecast, by Region, 2020−2027

7. Global Polyoxymethylene (POM) Market, by Product

7.1 Introduction

7.2 Unfilled

7.2.1 Market Estimates & Forecast, 2020−2027

7.2.2 Market Estimates & Forecast, by Region, 2020−2027

7.3 Glass Fiber Reinforced

7.3.1 Market Estimates & Forecast, 2020−2027

7.3.2 Market Estimates & Forecast, by Region, 2020−2027

7.4 Impact Modified

7.4.1 Market Estimates & Forecast, 2020−2027

7.4.2 Market Estimates & Forecast, by Region, 2020−2027

7.5 UV Resistant

7.5.1 Market Estimates & Forecast, 2020−2027

7.5.2 Market Estimates & Forecast, by Region, 2020−2027

7.6 Electrically Conductive

7.6.1 Market Estimates & Forecast, 2020−2027

7.6.2 Market Estimates & Forecast, by Region, 2020−2027

7.7 Weather Resistant

7.7.1 Market Estimates & Forecast, 2020−2027

7.7.2 Market Estimates & Forecast, by Region, 2020−2027

7.8 Others

7.8.1 Market Estimates & Forecast, 2020−2027

7.8.2 Market Estimates & Forecast, by Region, 2020−2027

8. Global Polyoxymethylene (POM) Market, by End-Use Industry

8.1 Introduction

8.2 Electrical & Electronics

8.2.1 Market Estimates & Forecast, 2020−2027

8.2.2 Market Estimates & Forecast, by Region, 2020−2027

8.3 Industrial Machinery

8.3.1 Market Estimates & Forecast, 2020−2027

8.3.2 Market Estimates & Forecast, by Region, 2020−2027

8.4 Consumer Goods

8.4.1 Market Estimates & Forecast, 2020−2027

8.4.2 Market Estimates & Forecast, by Region, 2020−2027

8.5 Automotive

8.5.1 Market Estimates & Forecast, 2020−2027

8.5.2 Market Estimates & Forecast, by Region, 2020−2027

8.6 Construction

8.6.1 Market Estimates & Forecast, 2020−2027

8.6.2 Market Estimates & Forecast, by Region, 2020−2027

8.7 Sports

8.7.1 Market Estimates & Forecast, 2020−2027

8.7.2 Market Estimates & Forecast, by Region, 2020−2027

8.8 Others

8.8.1 Market Estimates & Forecast, 2020−2027

8.8.2 Market Estimates & Forecast, by Region, 2020−2027

9. Global Polyoxymethylene (POM) Market, by Region

9.1 Introduction

9.2 North America

9.2.1 Market Estimates & Forecast, 2020−2027

9.2.2 Market Estimates & Forecast, by Type, 2020−2027

9.2.3 Market Estimates & Forecast, by Product, 2020−2027

9.2.4 Market Estimates & Forecast, by End-Use Industry, 2020−2027

9.2.5 US

9.2.5.1 Market Estimates & Forecast, 2020−2027

9.2.5.2 Market Estimates & Forecast, by Type, 2020−2027

9.2.5.3 Market Estimates & Forecast, by Product, 2020−2027

9.2.5.4 Market Estimates & Forecast, by End-Use Industry, 2020−2027

9.2.6 Canada

9.2.6.1 Market Estimates & Forecast, 2020−2027

9.2.6.2 Market Estimates & Forecast, by Type, 2020−2027

9.2.6.3 Market Estimates & Forecast, by Product, 2020−2027

9.2.6.4 Market Estimates & Forecast, by End-Use Industry, 2020−2027

9.3 Europe

9.3.1 Market Estimates & Forecast, 2020−2027

9.3.2 Market Estimates & Forecast, by Type, 2020−2027

9.3.3 Market Estimates & Forecast, by Product, 2020−2027

9.3.4 Market Estimates & Forecast, by End-Use Industry, 2020−2027

9.3.5 Germany

9.3.5.1 Market Estimates & Forecast, 2020−2027

9.3.5.2 Market Estimates & Forecast, by Type, 2020−2027

9.3.5.3 Market Estimates & Forecast, by Product, 2020−2027

9.3.5.4 Market Estimates & Forecast, by End-Use Industry, 2020−2027

9.3.6 France

9.3.6.1 Market Estimates & Forecast, 2020−2027

9.3.6.2 Market Estimates & Forecast, by Type, 2020−2027

9.3.6.3 Market Estimates & Forecast, by Product, 2020−2027

9.3.6.4 Market Estimates & Forecast, by End-Use Industry, 2020−2027

9.3.7 Italy

9.3.7.1 Market Estimates & Forecast, 2020−2027

9.3.7.2 Market Estimates & Forecast, by Type, 2020−2027

9.3.7.3 Market Estimates & Forecast, by Product, 2020−2027

9.3.7.4 Market Estimates & Forecast, by End-Use Industry, 2020−2027

9.3.8 Spain

9.3.8.1 Market Estimates & Forecast, 2020−2027

9.3.8.2 Market Estimates & Forecast, by Type,2020−2027

9.3.8.3 Market Estimates & Forecast, by Product,2020−2027

9.3.8.4 Market Estimates & Forecast, by End-Use Industry,2020−2027

9.3.9 UK

9.3.9.1 Market Estimates & Forecast, 2020−2027

9.3.9.2 Market Estimates & Forecast, by Type,2020−2027

9.3.9.3 Market Estimates & Forecast, by Product,2020−2027

9.3.9.4 Market Estimates & Forecast, by End-Use Industry,2020−2027

9.3.10 Russia

9.3.10.1 Market Estimates & Forecast, 2020−2027

9.3.10.2 Market Estimates & Forecast, by Type,2020−2027

9.3.10.3 Market Estimates & Forecast, by Product,2020−2027

9.3.10.4 Market Estimates & Forecast, by End-Use Industry,2020−2027

9.3.11 Poland

9.3.11.1 Market Estimates & Forecast, 2020−2027

9.3.11.2 Market Estimates & Forecast, by Type, 2020−2027

9.3.11.3 Market Estimates & Forecast, by Product, 2020−2027

9.3.11.4 Market Estimates & Forecast, by End-Use Industry, 2020−2027

9.3.12 Rest of Europe

9.3.12.1 Market Estimates & Forecast, 2020−2027

9.3.12.2 Market Estimates & Forecast, by Type, 2020−2027

9.3.12.3 Market Estimates & Forecast, by Product, 2020−2027

9.3.12.4 Market Estimates & Forecast, by End-Use Industry, 2020−2027

9.4 Asia-Pacific

9.4.1 Market Estimates & Forecast, 2020−2027

9.4.2 Market Estimates & Forecast, by Type, 2020−2027

9.4.3 Market Estimates & Forecast, by Product, 2020−2027

9.4.4 Market Estimates & Forecast, by End-Use Industry, 2020−2027

9.4.5 China

9.4.5.1 Market Estimates & Forecast, 2020−2027

9.4.5.2 Market Estimates & Forecast, by Type, 2020−2027

9.4.5.3 Market Estimates & Forecast, by Product, 2020−2027

9.4.5.4 Market Estimates & Forecast, by End-Use Industry, 2020−2027

9.4.6 India

9.4.6.1 Market Estimates & Forecast, 2020−2027

9.4.6.2 Market Estimates & Forecast, by Type, 2020−2027

9.4.6.3 Market Estimates & Forecast, by Product, 2020−2027

9.4.6.4 Market Estimates & Forecast, by End-Use Industry, 2020−2027

9.4.7 Japan

9.4.7.1 Market Estimates & Forecast, 2020−2027

9.4.7.2 Market Estimates & Forecast, by Type, 2020−2027

9.4.7.3 Market Estimates & Forecast, by Product, 2020−2027

9.4.7.4 Market Estimates & Forecast, by End-Use Industry, 2020−2027

9.4.8 Australia & New Zealand

9.4.8.1 Market Estimates & Forecast, 2020−2027

9.4.8.2 Market Estimates & Forecast, by Type, 2020−2027

9.4.8.3 Market Estimates & Forecast, by Product, 2020−2027

9.4.8.4 Market Estimates & Forecast, by End-Use Industry, 2020−2027

9.4.9 Rest of Asia-Pacific

9.4.9.1 Market Estimates & Forecast, 2020−2027

9.4.9.2 Market Estimates & Forecast, by Type, 2020−2027

9.4.9.3 Market Estimates & Forecast, by Product, 2020−2027

9.4.9.4 Market Estimates & Forecast, by End-Use Industry, 2020−2027

9.5 Middle East & Africa

9.5.1 Market Estimates & Forecast, 2020−2027

9.5.2 Market Estimates & Forecast, by Type, 2020−2027

9.5.3 Market Estimates & Forecast, by Product, 2020−2027

9.5.4 Market Estimates & Forecast, by End-Use Industry, 2020−2027

9.5.5 GCC

9.5.5.1 Market Estimates & Forecast, 2020−2027

9.5.5.2 Market Estimates & Forecast, by Type, 2020−2027

9.5.5.3 Market Estimates & Forecast, by Product, 2020−2027

9.5.5.4 Market Estimates & Forecast, by End-Use Industry, 2020−2027

9.5.6 Israel

9.5.6.1 Market Estimates & Forecast, 2020−2027

9.5.6.2 Market Estimates & Forecast, by Type, 2020−2027

9.5.6.3 Market Estimates & Forecast, by Product, 2020−2027

9.5.6.4 Market Estimates & Forecast, by End-Use Industry, 2020−2027

9.5.7 North Africa

9.5.7.1 Market Estimates & Forecast, 2020−2027

9.5.7.2 Market Estimates & Forecast, by Type, 2020−2027

9.5.7.3 Market Estimates & Forecast, by Product, 2020−2027

9.5.7.4 Market Estimates & Forecast, by End-Use Industry, 2020−2027

9.5.8 Turkey

9.5.8.1 Market Estimates & Forecast, 2020−2027

9.5.8.2 Market Estimates & Forecast, by Type, 2020−2027

9.5.8.3 Market Estimates & Forecast, by Product, 2020−2027

9.5.8.4 Market Estimates & Forecast, by End-Use Industry, 2020−2027

9.5.9 Rest of Middle East & Africa

9.5.9.1 Market Estimates & Forecast, 2020−2027

9.5.9.2 Market Estimates & Forecast, by Type, 2020−2027

9.5.9.3 Market Estimates & Forecast, by Product, 2020−2027

9.5.9.4 Market Estimates & Forecast, by End-Use Industry, 2020−2027

9.6 Latin America

9.6.1 Market Estimates & Forecast, 2020−2027

9.6.2 Market Estimates & Forecast, by Type, 2020−2027

9.6.3 Market Estimates & Forecast, by Product, 2020−2027

9.6.4 Market Estimates & Forecast, by End-Use Industry, 2020−2027

9.6.5 Brazil

9.6.5.1 Market Estimates & Forecast, 2020−2027

9.6.5.2 Market Estimates & Forecast, by Type, 2020−2027

9.6.5.3 Market Estimates & Forecast, by Product, 2020−2027

9.6.5.4 Market Estimates & Forecast, by End-Use Industry, 2020−2027

9.6.6 Argentina

9.6.6.1 Market Estimates & Forecast, 2020−2027

9.6.6.2 Market Estimates & Forecast, by Type, 2020−2027

9.6.6.3 Market Estimates & Forecast, by Product, 2020−2027

9.6.6.4 Market Estimates & Forecast, by End-Use Industry, 2020−2027

9.6.7 Mexico

9.6.7.1 Market Estimates & Forecast, 2020−2027

9.6.7.2 Market Estimates & Forecast, by Type, 2020−2027

9.6.7.3 Market Estimates & Forecast, by Product, 2020−2027

9.6.7.4 Market Estimates & Forecast, by End-Use Industry, 2020−2027

9.6.8 Rest of Latin America

9.6.8.1 Market Estimates & Forecast, 2020−2027

9.6.8.2 Market Estimates & Forecast, by Type, 2020−2027

9.6.8.3 Market Estimates & Forecast, by Product, 2020−2027

9.6.8.4 Market Estimates & Forecast, by End-Use Industry, 2020−2027

10. Company Landscape

10.1 Introduction

10.2 Market Strategy

10.3 Key Development Analysis (Expansion/Mergers & Acquisitions/Joint Ventures/New Product Development/Agreements/Investments)

11. Company Profiles

11.1 Celanese Corporation

11.1.1 Company Overview

11.1.2 Financial Updates

11.1.3 Product/Business Segment Overview

11.1.4 Strategy

11.1.5 Key Developments

11.1.6 SWOT Analysis

11.2 Polyplastics Co., Ltd

11.2.1 Company Overview

11.2.2 Financial Updates

11.2.3 Product/Business Segment Overview

11.2.4 Strategy

11.2.5 Key Developments

11.2.6 SWOT Analysis

11.3 DowDuPont

11.3.1 Company Overview

11.3.2 Financial Updates

11.3.3 Product/Business Segment Overview

11.3.4 Strategy

11.3.5 Key Developments

11.3.6 SWOT Analysis

11.4 Mitsubishi Chemical Corporation

11.4.1 Company Overview

11.4.2 Financial Updates

11.4.3 Product/Business Segment Overview

11.4.4 Strategy

11.4.5 Key Developments

11.4.6 SWOT Analysis

11.5 Korea Engineering Plastics Co., Ltd

11.5.1 Company Overview

11.5.2 Financial Updates

11.5.3 Product/Business Segment Overview

11.5.4 Strategy

11.5.5 Key Developments

11.5.6 SWOT Analysis

11.6 ChemChina

11.6.1 Company Overview

11.6.2 Financial Updates

11.6.3 Product/Business Segment Overview

11.6.4 Strategy

11.6.5 Key Developments

11.6.6 SWOT Analysis

11.7 Asahi Kasei Corporation

11.7.1 Company Overview

11.7.2 Financial Updates

11.7.3 Product/Business Segment Overview

11.7.4 Strategy

11.7.5 Key Developments

11.7.6 SWOT Analysis

11.8 SABIC

11.8.1 Company Overview

11.8.2 Financial Updates

11.8.3 Product/Business Segment Overview

11.8.4 Strategy

11.8.5 Key Developments

11.8.6 SWOT Analysis

11.9 PolyOne Corporation

11.9.1 Company Overview

11.9.2 Financial Updates

11.9.3 Product/Business Segment Overview

11.9.4 Strategy

11.9.5 Key Developments

11.9.6 SWOT Analysis

11.10 Westlake Plastics Company

11.10.1 Company Overview

11.10.2 Financial Updates

11.10.3 Product/Business Segment Overview

11.10.4 Strategy

11.10.5 Key Developments

11.10.6 SWOT Analysis

11.11 KOLON PLASTICS INC

11.11.1 Company Overview

11.11.2 Financial Updates

11.11.3 Product/Business Segment Overview

11.11.4 Strategy

11.11.5 Key Developments

11.11.6 SWOT Analysis

11.12 RTP Company

11.12.1 Company Overview

11.12.2 Financial Updates

11.12.3 Product/Business Segment Overview

11.12.4 Strategy

11.12.5 Key Developments

11.12.6 SWOT Analysis

12. Conclusion

 

LIST OF TABLES

Table 1 Global Polyoxymethylene (POM) Market: by Region, 2020−2027

Table 2 North America: Polyoxymethylene (POM) Market, by Country, 2020−2027

Table 3 Europe: Polyoxymethylene (POM) Market, by Country, 2020−2027

Table 4 Asia-Pacific: Polyoxymethylene (POM) Market. by Country, 2020−2027

Table 5 Middle East & Africa: Polyoxymethylene (POM) Market, by Country, 2020−2027

Table 6 Latin America: Polyoxymethylene (POM) Market, by Country, 2020−2027

Table 7 Global Polyoxymethylene (POM) Type Market, by Regions, 2020−2027

Table 8 North America: Polyoxymethylene (POM) Type Market, by Country, 2020−2027

Table 9 Europe: Polyoxymethylene (POM) Type Market, by Country, 2020−2027

Table10 Asia-Pacific: Polyoxymethylene (POM) Type Market, by Country, 2020−2027

Table11 Middle East & Africa: Polyoxymethylene (POM) Type Market, by Country, 2020−2027

Table12 Latin America: Polyoxymethylene (POM) Type Market, by Country, 2020−2027

Table13 Global Polyoxymethylene (POM) Product Market, by Regions, 2020−2027

Table14 North America: Polyoxymethylene (POM) Product Market, by Country, 2020−2027

Table15 Europe: Polyoxymethylene (POM) Product Market, by Country, 2020−2027

Table16 Asia-Pacific: Polyoxymethylene (POM) Product Market, by Country, 2020−2027

Table17 Middle East & Africa: Polyoxymethylene (POM) Product Market, by Country, 2020−2027

Table18 Latin America: Polyoxymethylene (POM) Product Market, by Country, 2020−2027

Table19 Global Polyoxymethylene (POM) End-Use Industry Market, by Regions, 2020−2027

Table20 North America: Polyoxymethylene (POM) End-Use Industry Market, by Country, 2020−2027

Table21 Europe: Polyoxymethylene (POM) End-Use Industry Market, by Country, 2020−2027

Table22 Asia-Pacific: Polyoxymethylene (POM) End-Use Industry Market, by Country, 2020−2027

Table23 Middle East & Africa: Polyoxymethylene (POM) End-Use Industry Market, by Country, 2020−2027

Table24 Latin America: Polyoxymethylene (POM) End-Use Industry Market, by Country, 2020−2027

Table25 Global Type Market, by Region, 2020−2027

Table26 Global Product Market, by Region, 2020−2027

Table27 Global End-Use Industry Market, by Region, 2020−2027

Table28 North America: Polyoxymethylene (POM) Market, by Country, 2020−2027

Table29 North America: Polyoxymethylene (POM) Market, by Type, 2020−2027

Table30 North America: Polyoxymethylene (POM) Market, by Product, 2020−2027

Table31 North America: Polyoxymethylene (POM) Market, by End-Use Industry, 2020−2027

Table32 Europe: Polyoxymethylene (POM) Market, by Country, 2020−2027

Table33 Europe: Polyoxymethylene (POM) Market, by Type, 2020−2027

Table34 Europe: Polyoxymethylene (POM) Market, by Product, 2020−2027

Table35 Europe: Polyoxymethylene (POM) Market, by End-Use Industry, 2020−2027

Table36 Asia-Pacific: Polyoxymethylene (POM) Market, by Country, 2020−2027

Table37 Asia-Pacific: Polyoxymethylene (POM) Market, by Type, 2020−2027

Table38 Asia-Pacific: Polyoxymethylene (POM) Market, by Product, 2020−2027

Table39 Asia-Pacific: Polyoxymethylene (POM) Market, by End-Use Industry, 2020−2027

Table40 Middle East & Africa: Polyoxymethylene (POM) Market, by Country, 2020−2027

Table41 Middle East & Africa: Polyoxymethylene (POM) Market, by Type, 2020−2027

Table42 Middle East & Africa: Polyoxymethylene (POM) Market, by Product, 2020−2027

Table43 Middle East & Africa: Polyoxymethylene (POM) Market, by End-Use Industry, 2020−2027

Table44 Latin America: Polyoxymethylene (POM) Market, by Country, 2020−2027

Table45 Latin America: Polyoxymethylene (POM) Market, by Type, 2020−2027

Table46 Latin America: Polyoxymethylene (POM) Market, by Product, 2020−2027

Table47 Latin America: Polyoxymethylene (POM) Market, by End-Use Industry, 2020−2027

LIST OF FIGURES

FIGURE 1 Global Polyoxymethylene (POM) Market Segmentation

FIGURE 2 Forecast Research Methodology

FIGURE 3 Five Forces Analysis of Global Polyoxymethylene (POM) Market

FIGURE 4 Value Chain of Global Polyoxymethylene (POM) Market

FIGURE 5 Global Polyoxymethylene (POM) Market, 2020−2027, by Country, 2020

FIGURE 6 Share of Global Polyoxymethylene (POM) Market, by Country, 2020−2027

FIGURE 7 Global Polyoxymethylene (POM) Market Size, by Type, 2020

FIGURE 8 Share of Global Polyoxymethylene (POM) Market, by Type, 2020−2027

FIGURE 9 Global Polyoxymethylene (POM) Market Size, by Product, 2020

FIGURE10 Share of Global Polyoxymethylene (POM) Market, by Product, 2020−2027

FIGURE11 Global Polyoxymethylene (POM) Market Size, by End-Use Industry, 2020

FIGURE12 Share of Global Polyoxymethylene (POM) Market, by End-Use Industry, 2020−2027


Polyoxymethylene (POM) Market

Polyoxymethylene (POM) Market is projected to be worth USD 7.6 Billion by 2028, registering a CAGR of 5.7% during the forecast period (2021 - 2028).

$7.6 Billion

Market Size


5.7%%

CAGR


Asia-Pacific

Dominating Region

2021-2028

Forecast Period

Segmentation

Type Acetal Homopolymer Acetal Copolymer
Product Unfilled Glass Fiber Reinforced Impact Modified Uv Resistant
End-Use Industry Automotive Electrical And Electronics Industrial Machinery

Key Players

  • Polyplastics Co. Ltd (Japan)
  • Celanese Corporation (US)
  • DowDuPont (US)
  • Mitsubishi Chemical Corporation (Japan)
  • BASF SE (Germany)
  • Korea Engineering Plastics Co. Ltd (South Korea)
  • ChemChina (China)
  • Asahi Kasei Corporation (Japan)
  • SABIC (Saudi Arabia)
  • PolyOne Corporation (US)
  • Westlake Plastics Company (US)
  • and KOLON PLASTICS INC (South Korea)

Drivers

  • Increasing demand in end use industries and replacement for plastics among others.
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Polyoxymethylene (POM) Market Overview


Polyoxymethylene (POM) Market is projected to be worth USD 7.6 Billion by 2028, registering a CAGR of 5.7% during the forecast period (2021 - 2028).


POM belongs to the family of engineering thermoplastic; it is available in two forms homopolymer and copolymer. POM is highly crystalline, offers good creep and wear resistance, and can withstand chemical attack. Though POM accounts for nearly 5.2% of the global engineering plastics demand, it holds huge potential and is expected to exhibit a CAGR of over ~8% during the forecast period. It is widely used across an array of industries including electronics and electrical, automotive, consumer goods, and others.


The prime factor expected to drive the growth of the global POM market is increasing demand in the automotive and electrical and electronics industries. The industries together account for more than half of the POM demand globally. The properties of POM such as good electric insulation, lightweight, good strength, and chemical resistance makes it suitable for use in the electrical and electronics and transportation industries. In electrical and electronics, POM is used in the manufacturing of parts such as fan parts, buttons, relays, micro-gears, camera parts and in domestic appliances such as washing machines, telephones, and dishwashers. Hence, the growth of the electrical and electronics industry is expected to boost the demand for POM during the forecast period.


Besides, owing to its lightweight properties, POM is used in the production of various automotive parts and components such as gear systems, locks, antenna, door mirrors, fuel covers, and others. The use of POM in automobiles helps to reduce the weight of the vehicle, which results in better performance, low emissions, and increased fuel efficiency. Moreover, with the increasing environmental regulations on vehicular emissions and increasing consumption of engineering plastics in the automotive industry is expected to fuel the demand for POM.


The supply-side driver of the global POM market growth is regulatory approvals for the use of POM in various end-use industries apart from electrical and automotive. For instance, the Food and Drug Administration (FDA) has approved POM as safe for use in the food & beverage industry. Similarly, the International Association of Plumbing Mechanical Officials (IAPMO) and Building Officials Conference of America (BOCA) have approved the use of POM for plumbing fixtures and piping and mechanical applications, which is expected to increase the adoption of POM in the upcoming years.


Investments in the capacity expansion is a noted trend among the players in the global market. For instance, Celanese Corporation announced its debottlenecking activity to increase its POM production capacity. Once operational Celanese will be the world’s largest POM producer followed by BASF and KOLON joint venture.


However, the availability of traditional materials and other engineering thermoplastics and poor resistance of POM towards alkali and acid attacks are expected to hamper the demand during the forecast period.


Global Polyoxymethylene (POM) Market Share, by Application, 2017 (%)


Global Polyoxymethylene Market


Source: MRFR Analysis


Regional Analysis


The market in Asia-Pacific held the largest share of the global POM market in 2017 and is expected to register a significant CAGR during the review period. The expanding automotive industry in the region coupled with the growth of the automotive aftermarket in the region are factors expected to drive the demand for POM. Besides, the electrical and electronics industry is growing significantly in the ASEAN region, which is expected to propel the demand for POM during the forecast period.


The European market is also expected to be the prominent market for POM on account of the presence of large number of automobile OEMs and stringent vehicular emission regulations.


The North American market is expected to register a healthy CAGR due to the rising demand for POM in major end-use industries, such as automotive and healthcare.


The Latin American market is expected to witness considerable growth due to the growing automotive industry and demand for consumer goods. The market in the Middle East & Africa is likely to exhibit considerable growth during the review period on account of growing industrialization in the region.


Segmentation


The global polyoxymethylene (POM) market has been segmented by type, product, end-use industry, and region.


Based on type, the global market has been segmented into acetal homopolymer and acetal copolymer


By product, the global market has been divided into unfilled, glass fiber reinforced, impact modified, UV resistant, electrically conductive, weather resistant, and others.


On the basis of end-use industry, the global market has been segregated into electrical and electronics, industrial machinery, consumer goods, automotive, sports, and others.


The global POM market, by region, has been studied concerning five regions—North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.


Key Players


Some of the key players operating in the global POM market are Polyplastics Co., Ltd (Japan), Celanese Corporation (US), DowDuPont (US), Mitsubishi Chemical Corporation (Japan), BASF SE (Germany), Korea Engineering Plastics Co., Ltd (South Korea), ChemChina (China), Asahi Kasei Corporation (Japan), SABIC (Saudi Arabia), PolyOne Corporation (US), Westlake Plastics Company (US), and KOLON PLASTICS INC (South Korea).


Intended Audience



  • POM Manufacturers

  • Traders and Distributors of POM

  • Research and Development Institutes

  • Potential Investors

  • Raw Material Suppliers

  • Nationalized Laboratories

Report Scope:
Report Attribute/Metric Details
  Market Size   2028 : USD 7.6 Billion
  CAGR   5.7% (2021-2030)
  Base Year   2020
  Forecast Period   2021 to 2030
  Historical Data   2019
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By type, product, end-use industry, and region.
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Polyplastics Co., Ltd (Japan), Celanese Corporation (US), DowDuPont (US), Mitsubishi Chemical Corporation (Japan), BASF SE (Germany), Korea Engineering Plastics Co., Ltd (South Korea), ChemChina (China), Asahi Kasei Corporation (Japan), SABIC (Saudi Arabia), PolyOne Corporation (US), Westlake Plastics Company (US), and KOLON PLASTICS INC (South Korea).
  Key Market Opportunities   Growth of the electrical and electronics industry is expected to boost the demand.
  Key Market Drivers   Increasing demand in end use industries, and replacement for plastics among others.


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Frequently Asked Questions (FAQ) :

The outlook of the global polyoxymethylene market looks very promising.

polyoxymethylene market is estimated to register 5.6% CAGR during the forecast period (2021-2028).

By type, the homopolymer segment and by end-use industry, the electrical and electronics segment account for the major share in the global polyoxymethylene market.

Asia Pacific holds the largest share in the global polyoxymethylene market, followed by North America and Europe, respectively.

Celanese Corporation (US), Polyplastics Co., Ltd (Japan), DowDuPont (US), BASF SE (Germany), Mitsubishi Chemical Corporation (Japan), Korea Engineering Plastics Co., Ltd (South Korea), Asahi Kasei Corporation (Japan), ChemChina (China), SABIC (Saudi Arabia), Westlake Plastics Company (US), PolyOne Corporation (US), and KOLON PLASTICS INC (South Korea), are some of the major players operating in the polyoxymethylene market.