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Polyoxymethylene Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

May 2022 | 145 pages | ID: PF682B1676B0EN
IMARC Group

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The global polyoxymethylene market reached a value of US$ 3.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 4.2 Billion by 2027, exhibiting a CAGR of 4.83% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Polyoxymethylene (POM), or polyacetal, is a semi-crystalline engineering thermoplastic used for manufacturing components with enhanced precision, stability and sliding properties. It is widely used as a metal substitute and produced through the process of ring-opening polymerization of formaldehyde and is supplied in the form of pellets. POM is commonly available in homopolymer and copolymer variants that are utilized to manufacture mechanical gears, fasteners, bearings and medical devices, including dialysis machines, inhalers and pharmaceutical closures. POM exhibits various advantageous properties, such as wide operating temperature range, minimal friction, high dimensional stability and heat, chemical and wear resistance. As a result, it finds extensive applications across various industries, including electronic, automotive and electrical.

Polyoxymethylene Market Trends:
The increasing demand for medical-grade POM for the manufacturing of healthcare devices is one of the key factors driving the growth of the market. POM is also widely used for the production of pen caps, outer needle caps, inner needle caps and dosage knobs of the insulin pens due to low moisture absorption, high sterility and impact resistant properties. It is also utilized for manufacturing pacemakers, artificial valves and joint reconstruction devices. Moreover, the widespread product adoption in the electronics industry is providing a thrust to the market growth. POM is utilized in electric housing, circuit boards, switches, enclosures, wiring components and cooling systems. In line with this, the increasing adoption of POM for the manufacturing of various plumbing components, such as pump impellors, fittings, appliance casings, valve stems and jug kettles, is also contributing to the market growth. Other factors, including the rising demand for effective food packaging solutions, along with the utilization of POM for automotive steering wheels, locks, door handles and headrests, are acting as other growth-inducing factors.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global polyoxymethylene market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, process, grade and end user.

Breakup by Type:

Homopolymer POM
Copolymer POM

Breakup by Process:

Injection Molding
Extrusion Molding
Others

Breakup by Grade:

Standard
Reinforced
Impact Modified
Recycled
UV Stabilized
Others

Breakup by End User:

Electrical and Electronics
Automotive and Transportation
Medical
Consumer Goods and Appliances
Construction
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Asahi Kasei Corporation, BASF SE, Celanese Corporation, Daicel Corporation, DuPont de Nemours Inc., Kolon Plastic Inc., LG Chem Ltd., LyondellBasell Industries N.V., Mitsubishi Engineering-Plastics Corporation, RTP Company (Miller Waste Mills Inc.), Saudi Basic Industries Corporation (Saudi Arabian Oil Co.) and Westlake Plastics Company.
Key Questions Answered in This Report:
How has the global polyoxymethylene market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global polyoxymethylene market?
What are the key regional markets?
What is the breakup of the market based on the type?
What is the breakup of the market based on the process?
What is the breakup of the market based on the grade?
What is the breakup of the market based on the end user?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global polyoxymethylene market and who are the key players?
What is the degree of competition in the industry?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL POLYOXYMETHYLENE MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY TYPE

6.1 Homopolymer POM
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Copolymer POM
  6.2.1 Market Trends
  6.2.2 Market Forecast

7 MARKET BREAKUP BY PROCESS

7.1 Injection Molding
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Extrusion Molding
  7.2.1 Market Trends
  7.2.2 Market Forecast
7.3 Others
  7.3.1 Market Trends
  7.3.2 Market Forecast

8 MARKET BREAKUP BY GRADE

8.1 Standard
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Reinforced
  8.2.1 Market Trends
  8.2.2 Market Forecast
8.3 Impact Modified
  8.3.1 Market Trends
  8.3.2 Market Forecast
8.4 Recycled
  8.4.1 Market Trends
  8.4.2 Market Forecast
8.5 UV Stabilized
  8.5.1 Market Trends
  8.5.2 Market Forecast
8.6 Others
  8.6.1 Market Trends
  8.6.2 Market Forecast

9 MARKET BREAKUP BY END USER

9.1 Electrical and Electronics
  9.1.1 Market Trends
  9.1.2 Market Forecast
9.2 Automotive and Transportation
  9.2.1 Market Trends
  9.2.2 Market Forecast
9.3 Medical
  9.3.1 Market Trends
  9.3.2 Market Forecast
9.4 Consumer Goods and Appliances
  9.4.1 Market Trends
  9.4.2 Market Forecast
9.5 Construction
  9.5.1 Market Trends
  9.5.2 Market Forecast
9.6 Others
  9.6.1 Market Trends
  9.6.2 Market Forecast

10 MARKET BREAKUP BY REGION

10.1 North America
  10.1.1 United States
    10.1.1.1 Market Trends
    10.1.1.2 Market Forecast
  10.1.2 Canada
    10.1.2.1 Market Trends
    10.1.2.2 Market Forecast
10.2 Asia-Pacific
  10.2.1 China
    10.2.1.1 Market Trends
    10.2.1.2 Market Forecast
  10.2.2 Japan
    10.2.2.1 Market Trends
    10.2.2.2 Market Forecast
  10.2.3 India
    10.2.3.1 Market Trends
    10.2.3.2 Market Forecast
  10.2.4 South Korea
    10.2.4.1 Market Trends
    10.2.4.2 Market Forecast
  10.2.5 Australia
    10.2.5.1 Market Trends
    10.2.5.2 Market Forecast
  10.2.6 Indonesia
    10.2.6.1 Market Trends
    10.2.6.2 Market Forecast
  10.2.7 Others
    10.2.7.1 Market Trends
    10.2.7.2 Market Forecast
10.3 Europe
  10.3.1 Germany
    10.3.1.1 Market Trends
    10.3.1.2 Market Forecast
  10.3.2 France
    10.3.2.1 Market Trends
    10.3.2.2 Market Forecast
  10.3.3 United Kingdom
    10.3.3.1 Market Trends
    10.3.3.2 Market Forecast
  10.3.4 Italy
    10.3.4.1 Market Trends
    10.3.4.2 Market Forecast
  10.3.5 Spain
    10.3.5.1 Market Trends
    10.3.5.2 Market Forecast
  10.3.6 Russia
    10.3.6.1 Market Trends
    10.3.6.2 Market Forecast
  10.3.7 Others
    10.3.7.1 Market Trends
    10.3.7.2 Market Forecast
10.4 Latin America
  10.4.1 Brazil
    10.4.1.1 Market Trends
    10.4.1.2 Market Forecast
  10.4.2 Mexico
    10.4.2.1 Market Trends
    10.4.2.2 Market Forecast
  10.4.3 Others
    10.4.3.1 Market Trends
    10.4.3.2 Market Forecast
10.5 Middle East and Africa
  10.5.1 Market Trends
  10.5.2 Market Breakup by Country
  10.5.3 Market Forecast

11 SWOT ANALYSIS

11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats

12 VALUE CHAIN ANALYSIS

13 PORTERS FIVE FORCES ANALYSIS

13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes

14 PRICE ANALYSIS

15 COMPETITIVE LANDSCAPE

15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
  15.3.1 Asahi Kasei Corporation
    15.3.1.1 Company Overview
    15.3.1.2 Product Portfolio
    15.3.1.3 Financials
    15.3.1.4 SWOT Analysis
  15.3.2 BASF SE
    15.3.2.1 Company Overview
    15.3.2.2 Product Portfolio
    15.3.2.3 Financials
    15.3.2.4 SWOT Analysis
  15.3.3 Celanese Corporation
    15.3.3.1 Company Overview
    15.3.3.2 Product Portfolio
    15.3.3.3 Financials
    15.3.3.4 SWOT Analysis
  15.3.4 Daicel Corporation
    15.3.4.1 Company Overview
    15.3.4.2 Product Portfolio
    15.3.4.3 Financials
    15.3.4.4 SWOT Analysis
  15.3.5 DuPont de Nemours Inc.
    15.3.5.1 Company Overview
    15.3.5.2 Product Portfolio
    15.3.5.3 Financials
    15.3.5.4 SWOT Analysis
  15.3.6 Kolon Plastic Inc.
    15.3.6.1 Company Overview
    15.3.6.2 Product Portfolio
    15.3.6.3 Financials
  15.3.7 LG Chem Ltd.
    15.3.7.1 Company Overview
    15.3.7.2 Product Portfolio
    15.3.7.3 Financials
    15.3.7.4 SWOT Analysis
  15.3.8 LyondellBasell Industries N.V.
    15.3.8.1 Company Overview
    15.3.8.2 Product Portfolio
    15.3.8.3 Financials
    15.3.8.4 SWOT Analysis
  15.3.9 Mitsubishi Engineering-Plastics Corporation
    15.3.9.1 Company Overview
    15.3.9.2 Product Portfolio
  15.3.10 RTP Company (Miller Waste Mills Inc.)
    15.3.10.1 Company Overview
    15.3.10.2 Product Portfolio
  15.3.11 Saudi Basic Industries Corporation (Saudi Arabian Oil Co.)
    15.3.11.1 Company Overview
    15.3.11.2 Product Portfolio
    15.3.11.3 Financials
    15.3.11.4 SWOT Analysis
  15.3.12 Westlake Plastics Company
    15.3.12.1 Company Overview
    15.3.12.2 Product Portfolio

LIST OF TABLES

Table 1: Global: Polyoxymethylene Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Polyoxymethylene Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Polyoxymethylene Market Forecast: Breakup by Process (in Million US$), 2022-2027
Table 4: Global: Polyoxymethylene Market Forecast: Breakup by Grade (in Million US$), 2022-2027
Table 5: Global: Polyoxymethylene Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 6: Global: Polyoxymethylene Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Polyoxymethylene Market: Competitive Structure
Table 8: Global: Polyoxymethylene Market: Key Players

LIST OF FIGURES

Figure 1: Global: Polyoxymethylene Market: Major Drivers and Challenges
Figure 2: Global: Polyoxymethylene Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Polyoxymethylene Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Polyoxymethylene Market: Breakup by Type (in %), 2021
Figure 5: Global: Polyoxymethylene Market: Breakup by Process (in %), 2021
Figure 6: Global: Polyoxymethylene Market: Breakup by Grade (in %), 2021
Figure 7: Global: Polyoxymethylene Market: Breakup by End User (in %), 2021
Figure 8: Global: Polyoxymethylene Market: Breakup by Region (in %), 2021
Figure 9: Global: Polyoxymethylene (Homopolymer POM) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Polyoxymethylene (Homopolymer POM) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Polyoxymethylene (Copolymer POM) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Polyoxymethylene (Copolymer POM) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Polyoxymethylene (Injection Molding) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Polyoxymethylene (Injection Molding) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Polyoxymethylene (Extrusion Molding) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Polyoxymethylene (Extrusion Molding) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Polyoxymethylene (Other Processes) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Polyoxymethylene (Other Processes) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Polyoxymethylene (Standard) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Polyoxymethylene (Standard) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Polyoxymethylene (Reinforced) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Polyoxymethylene (Reinforced) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Polyoxymethylene (Impact Modified) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Polyoxymethylene (Impact Modified) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Polyoxymethylene (Recycled) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Polyoxymethylene (Recycled) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Polyoxymethylene (UV Stabilized) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Polyoxymethylene (UV Stabilized) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Polyoxymethylene (Other Grades) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Polyoxymethylene (Other Grades) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Polyoxymethylene (Electrical and Electronics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Polyoxymethylene (Electrical and Electronics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Global: Polyoxymethylene (Automotive and Transportation) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Global: Polyoxymethylene (Automotive and Transportation) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Global: Polyoxymethylene (Medical) Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Global: Polyoxymethylene (Medical) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Global: Polyoxymethylene (Consumer Goods and Appliances) Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Global: Polyoxymethylene (Consumer Goods and Appliances) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Global: Polyoxymethylene (Construction) Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Global: Polyoxymethylene (Construction) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Global: Polyoxymethylene (Other End Users) Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Global: Polyoxymethylene (Other End Users) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: North America: Polyoxymethylene Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: North America: Polyoxymethylene Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: United States: Polyoxymethylene Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: United States: Polyoxymethylene Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Canada: Polyoxymethylene Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Canada: Polyoxymethylene Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Asia-Pacific: Polyoxymethylene Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Asia-Pacific: Polyoxymethylene Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: China: Polyoxymethylene Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: China: Polyoxymethylene Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Japan: Polyoxymethylene Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Japan: Polyoxymethylene Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: India: Polyoxymethylene Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: India: Polyoxymethylene Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: South Korea: Polyoxymethylene Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: South Korea: Polyoxymethylene Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Australia: Polyoxymethylene Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Australia: Polyoxymethylene Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Indonesia: Polyoxymethylene Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Indonesia: Polyoxymethylene Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Others: Polyoxymethylene Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Others: Polyoxymethylene Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Europe: Polyoxymethylene Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Europe: Polyoxymethylene Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Germany: Polyoxymethylene Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Germany: Polyoxymethylene Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: France: Polyoxymethylene Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: France: Polyoxymethylene Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: United Kingdom: Polyoxymethylene Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: United Kingdom: Polyoxymethylene Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Italy: Polyoxymethylene Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Italy: Polyoxymethylene Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Spain: Polyoxymethylene Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Spain: Polyoxymethylene Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Russia: Polyoxymethylene Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Russia: Polyoxymethylene Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Others: Polyoxymethylene Market: Sales Value (in Million US$), 2016 & 2021
Figure 80: Others: Polyoxymethylene Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Latin America: Polyoxymethylene Market: Sales Value (in Million US$), 2016 & 2021
Figure 82: Latin America: Polyoxymethylene Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 83: Brazil: Polyoxymethylene Market: Sales Value (in Million US$), 2016 & 2021
Figure 84: Brazil: Polyoxymethylene Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 85: Mexico: Polyoxymethylene Market: Sales Value (in Million US$), 2016 & 2021
Figure 86: Mexico: Polyoxymethylene Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 87: Others: Polyoxymethylene Market: Sales Value (in Million US$), 2016 & 2021
Figure 88: Others: Polyoxymethylene Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 89: Middle East and Africa: Polyoxymethylene Market: Sales Value (in Million US$), 2016 & 2021
Figure 90: Middle East and Africa: Polyoxymethylene Market: Breakup by Country (in %), 2021
Figure 91: Middle East and Africa: Polyoxymethylene Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 92: Global: Polyoxymethylene Industry: SWOT Analysis
Figure 93: Global: Polyoxymethylene Industry: Value Chain Analysis
Figure 94: Global: Polyoxymethylene Industry: Porter's Five Forces Analysis


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