What is Global POM（Polyoxymethylene） Market?
The Global POM (Polyoxymethylene) Market is a comprehensive study of the global market trends and growth prospects for POM, a type of thermoplastic used in a wide range of applications. POM, also known as acetal, polyacetal, and polyformaldehyde, is an engineering thermoplastic used in precision parts requiring high stiffness, low friction, and excellent dimensional stability. The market is driven by various factors such as the growing demand from end-use industries, including automotive, consumer goods, and electrical and electronics, and the superior properties of POM compared to other polymers. However, the market faces challenges such as the high cost of POM and stringent environmental regulations. Despite these challenges, the market is expected to grow due to the increasing demand for lightweight materials in the automotive industry and the growing use of POM in electrical and electronics applications.
POM-H, POM-C in the Global POM（Polyoxymethylene） Market:
POM-H and POM-C are two types of POM that are widely used in various applications. POM-H, also known as homopolymer POM, is characterized by its high strength, hardness, and rigidity. It is used in applications requiring high mechanical strength and rigidity, such as gears, bearings, and bushings. On the other hand, POM-C, also known as copolymer POM, has lower strength and rigidity than POM-H but has better thermal stability and chemical resistance. It is used in applications requiring high thermal stability and chemical resistance, such as in the automotive and chemical industries. The demand for both POM-H and POM-C is expected to increase due to their superior properties and wide range of applications.
Consumer Items, Automotive Industry, Construction Industry, Machinery Manufacturing, Others in the Global POM（Polyoxymethylene） Market:
The Global POM (Polyoxymethylene) Market is used in various areas such as consumer items, automotive industry, construction industry, machinery manufacturing, and others. In consumer items, POM is used in the production of various products such as toys, kitchen appliances, and sports equipment due to its high strength and durability. In the automotive industry, POM is used in the production of various parts such as fuel systems, door systems, and dashboard assemblies due to its high stiffness and low friction. In the construction industry, POM is used in the production of various components such as pipes, valves, and fittings due to its excellent dimensional stability and chemical resistance. In machinery manufacturing, POM is used in the production of various parts such as gears, bearings, and bushings due to its high mechanical strength and rigidity. In other applications, POM is used in the production of various products such as medical devices, electrical and electronics, and packaging due to its superior properties.
Global POM（Polyoxymethylene） Market Outlook:
The global POM (Polyoxymethylene) market outlook highlights that the market was valued at US$ 4112.3 million in 2022 and is expected to reach US$ 4731.6 million by 2029, growing at a CAGR of 2.0% during the forecast period 2023-2029. China is the largest market for POM, accounting for about 22% of the global market share. Europe follows China, accounting for about 18% of the global market share. The top three companies in the global POM market hold about 38% of the market share. This indicates a moderately concentrated market, with a few key players dominating the market. The market is expected to grow due to the increasing demand for POM from various end-use industries and the superior properties of POM compared to other polymers.
| Report Metric | Details |
| Report Name | POM（Polyoxymethylene） Market |
| Accounted market size in 2023 | US$ 4112.3 million |
| Forecasted market size in 2030 | US$ 4909.5 million |
| CAGR | 2.5% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | 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 |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
