PUBLISHER: Fortune Business Insights Pvt. Ltd. | PRODUCT CODE: 1916576
PUBLISHER: Fortune Business Insights Pvt. Ltd. | PRODUCT CODE: 1916576
The global polyoxymethylene (POM) market was valued at USD 4.71 billion in 2025 and is demonstrating consistent growth driven by rising demand for high-performance engineering plastics. As per the report, the market is projected to grow from USD 4.92 billion in 2026 to USD 7.65 billion by 2034, registering a CAGR of 5.40% during the forecast period (2026-2034). Asia Pacific dominated the global polyoxymethylene market with a 63% share in 2025, supported by rapid industrialization, strong automotive manufacturing, and expanding electrical & electronics production across China, Japan, and India.
Polyoxymethylene, also known as acetal, polyacetal, or Delrin, is a high-performance engineering thermoplastic recognized for its excellent dimensional stability, low friction, high stiffness, and superior wear resistance. POM is widely used in precision components that require durability and accuracy, including gears, bearings, fasteners, lock systems, fuel system components, conveyor parts, and electrical connectors. Its availability in multiple grades-such as reinforced, high-impact, low-wear, UV-stabilized, and medical-grade variants-further expands its application scope across industries.
The COVID-19 pandemic temporarily disrupted POM production due to slowdowns in automotive and electronics manufacturing. However, the rapid growth of the medical sector during the pandemic partially offset these losses, as polyoxymethylene found increased use in surgical instruments, drug delivery systems, orthopedic components, and medical devices.
Market Trends
One of the most prominent trends in the polyoxymethylene market is the growing demand from the healthcare and medical industry. POM's strong mechanical strength, chemical resistance, low moisture absorption, and excellent dimensional stability make it suitable for precision medical applications such as inhalers, surgical tools, joint reconstruction components, and spinal devices. The rising adoption of advanced medical technologies and durable medical devices is expected to further strengthen demand. Asia Pacific alone witnessed market growth from USD 2.71 billion in 2023 to USD 2.86 billion in 2024, reflecting strong momentum.
Market Growth Factors
The expansion of the automotive industry remains the primary growth driver for the polyoxymethylene market. POM is extensively used in automotive components such as seatbelt mechanisms, door locks, HVAC knobs, fuel system parts, clips, and speaker grilles due to its low friction, wear resistance, and mechanical reliability. Increasing focus on electric vehicles and interior air quality is accelerating the development of low-VOC POM grades, which improve cabin comfort and safety.
Manufacturers are actively innovating to meet this demand. For example, DuPont and Polyplastics Co., Ltd. have introduced low-emission and impact-modified POM grades to address stricter automotive standards. These advancements, combined with rising vehicle production and electrification trends, are expected to significantly boost market growth through 2034.
Market Restraints
The market faces challenges due to fluctuating raw material prices, particularly for acetic acid and formaldehyde used in POM production. Price volatility driven by geopolitical tensions, supply disruptions, currency fluctuations, and changing demand dynamics increases production costs and affects pricing stability. These uncertainties can limit short-term demand and complicate long-term planning for manufacturers.
By application, the market is segmented into automotive, electrical & electronics, industrial machinery, and others. The automotive segment dominated the market with a 46.14% share in 2026 and is projected to generate USD 2,169.1 million in revenue by 2025, driven by rising demand for lightweight, durable components. The industrial machinery segment is expected to hold a 14.5% share in 2025, supported by demand for gears, bearings, valves, and conveyor system components. The electrical & electronics segment is growing steadily due to increased use in switches, relays, connectors, and insulating parts.
Asia Pacific remains the leading region, with market size reaching USD 2.86 billion in 2024. China dominates due to strong automotive, electronics, and healthcare manufacturing, while China is projected to reach USD 1.68 billion by 2026 and grow at a CAGR of 6.60%. Japan's market is expected to reach USD 344.0 million by 2025, and India is projected to reach USD 0.56 billion by 2026.
North America is driven by growth in electrical & electronics and consumer goods, with the U.S. market projected to reach USD 0.5 billion by 2026. Europe is expanding due to electrification and automation in automotive manufacturing, with Germany projected to reach USD 0.36 billion by 2026 and regional growth at a CAGR of 4.5%. Latin America and the Middle East & Africa are experiencing steady growth driven by industrial machinery applications.
Competitive Landscape
The polyoxymethylene market is fragmented, with key players focusing on product innovation, capacity expansion, and low-VOC solutions. Major companies include Celanese Corporation, LG Chem, Mitsubishi Chemical, SABIC, and Polyplastics Co., Ltd., all actively strengthening their market presence through advanced POM grades and strategic expansion initiatives.
Conclusion
The global polyoxymethylene (POM) market is positioned for steady and sustained growth over the forecast period, supported by rising demand for high-performance engineering plastics across automotive, electrical & electronics, industrial machinery, and healthcare applications. With the market valued at USD 4.71 billion in 2025, expanding to USD 4.92 billion in 2026, and projected to reach USD 7.65 billion by 2034, POM continues to strengthen its role as a critical material for precision components requiring dimensional stability, low friction, and high mechanical strength. The dominance of Asia Pacific with a 63% market share in 2025 highlights the region's strong manufacturing base and rapid industrial and automotive expansion.
Segmentation By Application
By Region