Polyoxymethylene (POM) Market

Polyoxymethylene (POM) Market by Types (Copolymer Polyoxymethylene and Homopolymer Polyoxymethylene), End-users Industry (Transportation, Construction, Medical, Food Packaging, Electrical and Electronics, Consumer Goods and Appliances, and Other End-users Industries), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: MC-836
  • Author: Growth Market Reports
  • Rating: 4.9
  • Total Reviews: 1
  • No. Of Pages: 165
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The global polyoxymethylene market is anticipated to expand at a robust CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the rising trend of replacing metal components with plastic materials in different sectors. Growth in the end-users industries such as commercial goods, automotive, and electronics is projected to drive the market.

Polyoxymethylene (POM) Market Key Takeaways

Polyoxymethylene is an engineering thermoplastic which can withstand chemical attack, is highly crystalline, and offers good creep and wear resistance. It is highly used across industries such as, automotive, electronics and electrical, medical, and consumer goods. It is highly used across electrical and electronics and transportation industries owing to its properties including good strength, lightweight, chemical resistance, and electric insulation.

Polyoxymethylene is used in the manufacturing of various automotive parts and components including door mirrors, fuel covers, locks, gear systems, antenna, and others. It helps to reduce the weight of the vehicles, which gives increased fuel efficiency, low emissions, and better performance. The Food and Drug Administration has approved the usage of polyoxymethylene in foods and beverage industry.

Market Trends, Drivers, Restraints, and Opportunities

  • Growing usage of polyoxymethylene in food contact materials manufacturing is anticipated to drive the market during the forecast period.
  • Rapid growth of the furniture, sports, and construction industries are main factors fueling the market in the coming years.
  • Strict regulatory policies for thermoplastics due to environmental hazards associated with them are projected to impede the market growth.
  • Development of bio-based engineering plastics is anticipated to be a challenge that can hamper the market expansion in the coming years.
  • Increasing demand for polyoxymethylene from the food and beverages industry is estimated to create lucrative opportunities for the market players.

 Scope of the Report

The report on the global polyoxymethylene market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Polyoxymethylene (POM) Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Types (Copolymer Polyoxymethylene and Homopolymer Polyoxymethylene) and End-users Industry (Transportation, Construction, Medical, Food Packaging, Electrical and Electronics, Consumer Goods and Appliances, and Other End-users Industries)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Westlake Plastics Company, Koreo Engineering Plastics Co., Ltd., Polyplastics Co., Ltd., ChemChina, SABIC, BASF SE, and PolyOne Corporation


Market Segment Insights:

The homopolymer polyoxymethylene is projected to account for a large market share
Based on types, the polyoxymethylene market is divided into copolymer polyoxymethylene and homopolymer polyoxymethylene. The homopolymer polyoxymethylene segment is expected to represent a key share of the market during the forecast period owing to high usage in manufacturing automotive components as it possess superior room temperature strength, stiffness, and high tensile & impact strength. However, the copolymer polyoxymethylene segment is anticipated to expand at a rapid pace during the forecast period due to its superior performance and lower costs as compared to homopolyers.

Polyoxymethylene (POM) Market By Types

The electrical and electronics industry is projected to hold a major market share
On the basis of end-users industry, the polyoxymethylene market is fragmented into transportation, construction, medical, food packaging, electrical and electronics, consumer goods and appliances, and other end-users industries. The electrical and electronics industry is expected to constitute a key share of the market during the forecast period due to its different types of constructive properties including shatter resistance, electrical and thermal insulation, lightweight, and easy to modify nature. Polyoxymethylene are highly used in electrical and electronics industry for manufacturing circuit boards, cooling systems, switches and wiring components, electric housing, enclosures, sockets, and connectors. On the other hand, the consumer goods and appliances industry is anticipated to expand at a rapid pace during the forecast period owing to polyoxymethylene used in manufacturing of consumer products including zippers, garden sprays, toys, and butane lighter bodies.

Polyoxymethylene (POM) Market By End-users Industry

The market in Asia Pacific is anticipated to expand at a rapid CAGR
On the basis of regions, the polyoxymethylene market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of Asia Pacific is anticipated to expand at a high CAGR during the forecast period. The regional market growth can be attributed to rising automotive production in the region, which is expected to increase the demand for polyoxymethylene for production of door locking systems, fuel units, light stocks, and power windows. However, the market of Europe is expected to exhibit a rapid growth rate in the coming years owing to increasing demand in major end-users industries, such as medical, automotive, and consumer goods & appliances.

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Polyoxymethylene (POM) Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Polyoxymethylene (POM) Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Polyoxymethylene (POM) Market - Supply Chain
  4.5. Global Polyoxymethylene (POM) Market Forecast
     4.5.1. Polyoxymethylene (POM) Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Polyoxymethylene (POM) Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Polyoxymethylene (POM) Market Absolute $ Opportunity
5. Global Polyoxymethylene (POM) Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Polyoxymethylene (POM) Market Size and Volume Forecast by Types
     5.3.1. Copolymer Polyoxymethylene
     5.3.2. Homopolymer Polyoxymethylene
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Polyoxymethylene (POM) Market Analysis and Forecast by End Users
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by End Users
     6.2.2. Y-o-Y Growth Projections by End Users
  6.3. Polyoxymethylene (POM) Market Size and Volume Forecast by End Users
     6.3.1. Transportation
     6.3.2. Construction
     6.3.3. Medical
     6.3.4. Food Packaging
     6.3.5. Electrical and Electronics
     6.3.6. Consumer Goods and Appliances
     6.3.7. Other End-users Industries
  6.4. Absolute $ Opportunity Assessment by End Users
  6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Polyoxymethylene (POM) Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Polyoxymethylene (POM) Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Polyoxymethylene (POM) Demand Share Forecast, 2019-2026
8. North America Polyoxymethylene (POM) Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Polyoxymethylene (POM) Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Polyoxymethylene (POM) Market Size and Volume Forecast by Types
     8.4.1. Copolymer Polyoxymethylene
     8.4.2. Homopolymer Polyoxymethylene
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Polyoxymethylene (POM) Market Size and Volume Forecast by End Users
     8.7.1. Transportation
     8.7.2. Construction
     8.7.3. Medical
     8.7.4. Food Packaging
     8.7.5. Electrical and Electronics
     8.7.6. Consumer Goods and Appliances
     8.7.7. Other End-users Industries
  8.8. Basis Point Share (BPS) Analysis by End Users
  8.9. Y-o-Y Growth Projections by End Users
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Polyoxymethylene (POM) Demand Share Forecast, 2019-2026
9. Latin America Polyoxymethylene (POM) Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Polyoxymethylene (POM) Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Polyoxymethylene (POM) Market Size and Volume Forecast by Types
     9.4.1. Copolymer Polyoxymethylene
     9.4.2. Homopolymer Polyoxymethylene
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Polyoxymethylene (POM) Market Size and Volume Forecast by End Users
     9.7.1. Transportation
     9.7.2. Construction
     9.7.3. Medical
     9.7.4. Food Packaging
     9.7.5. Electrical and Electronics
     9.7.6. Consumer Goods and Appliances
     9.7.7. Other End-users Industries
  9.8. Basis Point Share (BPS) Analysis by End Users
  9.9. Y-o-Y Growth Projections by End Users
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Polyoxymethylene (POM) Demand Share Forecast, 2019-2026
10. Europe Polyoxymethylene (POM) Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Polyoxymethylene (POM) Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Polyoxymethylene (POM) Market Size and Volume Forecast by Types
     10.4.1. Copolymer Polyoxymethylene
     10.4.2. Homopolymer Polyoxymethylene
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Polyoxymethylene (POM) Market Size and Volume Forecast by End Users
     10.7.1. Transportation
     10.7.2. Construction
     10.7.3. Medical
     10.7.4. Food Packaging
     10.7.5. Electrical and Electronics
     10.7.6. Consumer Goods and Appliances
     10.7.7. Other End-users Industries
  10.8. Basis Point Share (BPS) Analysis by End Users
  10.9. Y-o-Y Growth Projections by End Users
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Polyoxymethylene (POM) Demand Share Forecast, 2019-2026
11. Asia Pacific Polyoxymethylene (POM) Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Polyoxymethylene (POM) Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Polyoxymethylene (POM) Market Size and Volume Forecast by Types
     11.4.1. Copolymer Polyoxymethylene
     11.4.2. Homopolymer Polyoxymethylene
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Polyoxymethylene (POM) Market Size and Volume Forecast by End Users
     11.7.1. Transportation
     11.7.2. Construction
     11.7.3. Medical
     11.7.4. Food Packaging
     11.7.5. Electrical and Electronics
     11.7.6. Consumer Goods and Appliances
     11.7.7. Other End-users Industries
  11.8. Basis Point Share (BPS) Analysis by End Users
  11.9. Y-o-Y Growth Projections by End Users
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Polyoxymethylene (POM) Demand Share Forecast, 2019-2026
12. Middle East & Africa Polyoxymethylene (POM) Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Polyoxymethylene (POM) Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Polyoxymethylene (POM) Market Size and Volume Forecast by Types
     12.4.1. Copolymer Polyoxymethylene
     12.4.2. Homopolymer Polyoxymethylene
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Polyoxymethylene (POM) Market Size and Volume Forecast by End Users
     12.7.1. Transportation
     12.7.2. Construction
     12.7.3. Medical
     12.7.4. Food Packaging
     12.7.5. Electrical and Electronics
     12.7.6. Consumer Goods and Appliances
     12.7.7. Other End-users Industries
  12.8. Basis Point Share (BPS) Analysis by End Users
  12.9. Y-o-Y Growth Projections by End Users
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Polyoxymethylene (POM) Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Polyoxymethylene (POM) Market: Market Share Analysis
  13.2. Polyoxymethylene (POM) Distributors and Customers
  13.3. Polyoxymethylene (POM) Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. Westlake Plastics Company
     13.4.2. Koreo Engineering Plastics Co., Ltd.
     13.4.3. Polyplastics Co., Ltd.
     13.4.4. ChemChina
     13.4.5. SABIC
     13.4.6. BASF SE
     13.4.7. PolyOne Corporation
Segments Covered in the Report
The global polyoxymethylene market has been segmented on the basis of

Types
  • Copolymer Polyoxymethylene
  • Homopolymer Polyoxymethylene
End-users Industry
  • Transportation
  • Construction
  • Medical
  • Food Packaging
  • Electrical and Electronics
  • Consumer Goods and Appliances
  • Other End-users Industries
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Westlake Plastics Company
  • Koreo Engineering Plastics Co., Ltd.
  • Polyplastics Co., Ltd.
  • ChemChina
  • SABIC
  • BASF SE
  • PolyOne Corporation

Key players competing in the polyoxymethylene market are Westlake Plastics Company, Koreo Engineering Plastics Co., Ltd., Polyplastics Co., Ltd., ChemChina, SABIC, BASF SE, and PolyOne Corporation. Some of these players are highly engaged in several business strategies including mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares. For instance,

  • In 2013, Celanese Corporation came up with new product line of copolymers by expanding its S series of modified polyoxymethylene.
  • In 2016, a German company Asahi Kasei started its new polyoxymethylene plant to enter into European automotive market.
Polyoxymethylene (POM) Market By Key Players

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