Global Polyoxymethylene Market Outlook to 2026

Polyoxymethylene is derived from formaldehyde; is an engineering thermoplastic polymer. Polyoxymethylene's properties include high dimensional stability, good strength, high fatigue, and impact resistance. It finds its applications in various end-user industries such as the automotive industry, consumer goods, electrical & electronics, and others.

According to BlueQuark Research & Consulting, the Global Polyoxymethylene market is expected to witness a considerable growth rate during the forecast period. The major factors responsible for the global Polyoxymethylene market's growth are increasing demand from packaging and the consumer electronic appliances industry. Due to its high strength and lightweight properties, the use of Polyoxymethylene in industries such as electrical & electronics and automotive as a metal replacement plastic is expected to drive the Polyoxymethylene market's growth.

Asia-Pacific region dominates the Global Polyoxymethylene Market. The exponentially growing automotive industry in the Asia-Pacific region, mainly in India and China, has been driving polyoxymethylene production and consumption in this region. Also, the rising demand for consumer goods in this region is likely to propel the polyoxymethylene demand over the next few years.

Homopolymers dominate the Global Polyoxymethylene market when the market is segmented by type. Due to their properties such as superior room temperature strength, high tensile & impact strength, and stiffness, they are used to manufacture industrial components such as conveyor plates, springs, pump impellers, gears, couplings, etc.

In terms of segmentation by the End-User Industry, the Electrical and Electronics Industry is the segment that holds the largest market share in the Polyoxymethylene market. Due to its various electrical & thermal insulation properties, easy-to-modify nature, lightweight, and high shatter-resistance, Polyoxymethylene is increasingly used in the electronics and electrical segment.

The Global Polyoxymethylene market is highly fragmented. Major companies in the market were found to be SABIC, BASF SE, DuPont, LG Chem, Asahi Kasei Corporation, and Celanese Corporation, among others.

The Global Polyoxymethylene Market report provides deep insight into the Polyoxymethylene market's current and future state across various regions. The study comprehensively analyzes the Polyoxymethylene market by segmenting based on Type (Homopolymer POM and Copolymer POM), End-User Industries (Electrical and Electronics, Transportation, Medical, Food Packaging, Consumer Goods and Appliances, Construction and Other End-user Industries), and Geography (North America, Asia-Pacific, South America, Europe, and Middle-East and Africa). The report examines the market drivers and restraints and the impact of Covid-19 on the market growth in detail. The study covers & includes emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with major companies' profiles, including their market shares and projects.