Polyoxymethylene (POM) Market Overview

The polyoxymethylene (POM) market is growing steadily due to its wide use in various industries like automotive, electronics, and consumer goods. POM, also called acetal, is a strong plastic known for its durability, stiffness, and resistance to wear.

Market Size and Growth

The global polyoxymethylene market was valued at around USD 3.5 billion in 2024 and is expected to reach approximately USD 4.4 billion by 2029. This shows a steady annual growth rate of about 4.5%.

Main Factors Driving the Market

Growing Automotive Industry
POM is widely used in making automotive parts such as gears, fuel systems, and door handles because it is lightweight and strong. As more vehicles are produced, the demand for POM rises.

Increased Use in Electronics
POM is used in switches, connectors, and other small parts in electronic devices. With more electronics being produced, especially in Asia, the market continues to grow.

Rising Demand in Consumer Goods
POM is also used in everyday items like zippers, toys, and kitchen appliances. Its strength and low friction make it ideal for moving parts.

Market Segments

By Type

• Homopolymer POM
• Copolymer POM

By Application

• Automotive
• Electronics
• Industrial Machinery
• Consumer Products

Regional Insights

Asia-Pacific leads the global market, especially due to strong manufacturing activity in China, Japan, and South Korea.
North America and Europe also have significant shares, with steady demand in automotive and industrial sectors.

Challenges

Environmental Concerns
As POM is a plastic, there is concern about its environmental impact. Some regulations may slow market growth.

Raw Material Prices
The cost of raw materials used in POM production can fluctuate, affecting profit margins for manufacturers.

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Key Companies in the Market

• Celanese Corporation
• DuPont
• Mitsubishi Chemical
• Polyplastics Co., Ltd.
• Korea Engineering Plastics

Conclusion

The polyoxymethylene market is expected to grow steadily as demand increases in the automotive, electronics, and consumer goods industries. With its reliable performance and wide range of uses, POM will continue to be an important material in modern manufacturing.

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