Global Polyoxymethylene Market Size Study, by Type, by Product, by End Use Industry and Regional Forecasts 2022-2032

Description

The Global Polyoxymethylene Market is valued at approximately USD 5.3 billion in 2023 and is projected to expand at a healthy CAGR of 5.70% over the forecast period from 2024 to 2032.Polyoxymethylene (POM), commonly referred to as acetal, is a high-performance engineering polymer renowned for its exceptional mechanical properties, including high stiffness, low friction, and excellent dimensional stability. These attributes make it indispensable in industries such as automotive, electrical and electronics, and industrial machinery, where precision and durability are paramount.

The market growth is driven by its rising demand in the automotive sector, where lightweight and high-strength materials are increasingly preferred to improve fuel efficiency and performance. Furthermore, the electrical and electronics industry continues to adopt POM for components like connectors, switches, and gears, leveraging its electrical insulation properties. However, environmental concerns related to plastic use and the high cost of raw materials could pose challenges to market expansion.

Innovations in product formulations, such as UV-resistant and impact-modified variants, are fueling the diversification of applications for POM. Additionally, the growing trend toward miniaturization in the electronics industry and the increasing adoption of automation in manufacturing processes are further accelerating demand. POM's role in reducing machinery wear and enhancing operational efficiency solidifies its position as a preferred material for precision engineering.

Regionally, North America and Europe dominate the polyoxymethylene market due to their advanced manufacturing capabilities and early adoption of high-performance materials in automotive and industrial applications. The Asia Pacific region, however, is anticipated to witness the fastest growth during the forecast period. This growth is driven by rapid industrialization, expanding automotive production, and increasing investments in infrastructure development in countries such as China, India, and South Korea.

Major market players included in this report are:

Celanese Corporation
Polyplastics Co., Ltd.
BASF SE
SABIC
Mitsubishi Engineering-Plastics Corporation
DuPont de Nemours, Inc.
Asahi Kasei Corporation
LG Chem Ltd.
Kolon Plastics, Inc.
Ensinger GmbH
Rochling Group
LyondellBasell Industries N.V.
Arkema Group
Evonik Industries AG
RTP Company

The detailed segments and sub-segments of the market are explained below:

By Type:

Acetal Homopolymer
Acetal Copolymer

By Product:

Unfilled
Glass Fiber Reinforced
Impact Modified
UV Resistant

By End Use Industry:

Automotive
Electrical & Electronics
Industrial Machinery

By Region:

North America:

U.S.
Canada

Europe:

UK
Germany
France
Spain
Italy
Rest of Europe

Asia Pacific:

China
India
Japan
Australia
South Korea
Rest of Asia Pacific

Latin America:

Brazil
Mexico

Middle East & Africa:

Saudi Arabia
South Africa
Rest of Middle East & Africa

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional-level analysis for each market segment.
Detailed analysis of geographical landscape with country-level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approaches.
Analysis of competitive structure of the market.
Demand-side and supply-side analysis of the market.

Chapter 1. Global Polyoxymethylene Market Executive Summary

1.1. Global Polyoxymethylene Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Type
- 1.3.2. By Product
- 1.3.3. By End Use Industry
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Polyoxymethylene Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Polyoxymethylene Market Dynamics

3.1. Market Drivers
- 3.1.1. Rising Demand in Automotive Sector
- 3.1.2. Advancements in Product Formulations
- 3.1.3. Increasing Adoption in Electrical & Electronics
3.2. Market Challenges
- 3.2.1. Environmental Concerns Related to Plastic Use
- 3.2.2. High Cost of Raw Materials
3.3. Market Opportunities
- 3.3.1. Emerging Applications in Industrial Machinery
- 3.3.2. Growth in Infrastructure Development
- 3.3.3. Increasing Automation in Manufacturing Processes

Chapter 4. Global Polyoxymethylene Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Polyoxymethylene Market Size & Forecasts by Type 2022-2032

5.1. Segment Dashboard
5.2. Global Polyoxymethylene Market: Type Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 5.2.1. Acetal Homopolymer
- 5.2.2. Acetal Copolymer

Chapter 6. Global Polyoxymethylene Market Size & Forecasts by Product 2022-2032

6.1. Segment Dashboard
6.2. Global Polyoxymethylene Market: Product Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 6.2.1. Unfilled
- 6.2.2. Glass Fiber Reinforced
- 6.2.3. Impact Modified
- 6.2.4. UV Resistant

Chapter 7. Global Polyoxymethylene Market Size & Forecasts by End Use Industry 2022-2032

7.1. Segment Dashboard
7.2. Global Polyoxymethylene Market: End Use Industry Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 7.2.1. Automotive
- 7.2.2. Electrical & Electronics
- 7.2.3. Industrial Machinery

Chapter 8. Global Polyoxymethylene Market Size & Forecasts by Region 2022-2032

8.1. North America Polyoxymethylene Market
- 8.1.1. U.S. Polyoxymethylene Market
  - 8.1.1.1. Type Breakdown Size & Forecasts, 2022-2032
  - 8.1.1.2. Product Breakdown Size & Forecasts, 2022-2032
  - 8.1.1.3. End Use Industry Breakdown Size & Forecasts, 2022-2032
- 8.1.2. Canada Polyoxymethylene Market
8.2. Europe Polyoxymethylene Market
- 8.2.1. UK Polyoxymethylene Market
- 8.2.2. Germany Polyoxymethylene Market
- 8.2.3. France Polyoxymethylene Market
- 8.2.4. Spain Polyoxymethylene Market
- 8.2.5. Italy Polyoxymethylene Market
- 8.2.6. Rest of Europe Polyoxymethylene Market
8.3. Asia Pacific Polyoxymethylene Market
- 8.3.1. China Polyoxymethylene Market
- 8.3.2. India Polyoxymethylene Market
- 8.3.3. Japan Polyoxymethylene Market
- 8.3.4. Australia Polyoxymethylene Market
- 8.3.5. South Korea Polyoxymethylene Market
- 8.3.6. Rest of Asia Pacific Polyoxymethylene Market
8.4. Latin America Polyoxymethylene Market
- 8.4.1. Brazil Polyoxymethylene Market
- 8.4.2. Mexico Polyoxymethylene Market
- 8.4.3. Rest of Latin America Polyoxymethylene Market
8.5. Middle East & Africa Polyoxymethylene Market
- 8.5.1. Saudi Arabia Polyoxymethylene Market
- 8.5.2. South Africa Polyoxymethylene Market
- 8.5.3. Rest of Middle East & Africa Polyoxymethylene Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
- 9.1.1. Celanese Corporation
- 9.1.2. Polyplastics Co., Ltd.
- 9.1.3. BASF SE
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. Celanese Corporation
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Market Strategies
- 9.3.2. Polyplastics Co., Ltd.
- 9.3.3. BASF SE
- 9.3.4. SABIC
- 9.3.5. Mitsubishi Engineering-Plastics Corporation
- 9.3.6. DuPont de Nemours, Inc.
- 9.3.7. Asahi Kasei Corporation
- 9.3.8. LG Chem Ltd.
- 9.3.9. Kolon Plastics, Inc.
- 9.3.10. Ensinger GmbH

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes