The global polyoxymethylene market size was valued at USD 4.32 billion in 2023. The market is projected to grow from USD 4.51 billion in 2024 to USD 6.88 billion in 2032 at a CAGR of 5.4% during the forecast period. Asia Pacific dominated the polyoxymethylene market with a market share of 62.73% in 2023.
Polyoxymethylene (POM), often referred to as acetal, is a high-performance engineering thermoplastic known for its exceptional properties such as rigidity, stiffness, and dimensional stability. These characteristics make it a valuable material in various industries, including automotive, electronics, consumer goods, and industrial machinery.
Key Properties of Polyoxymethylene
High strength and rigidity: POM offers excellent mechanical properties, making it suitable for applications requiring structural integrity.
Dimensional stability: POM exhibits minimal dimensional changes over time, even under fluctuating temperatures and humidity.
Chemical resistance: It is resistant to a wide range of chemicals, including fuels, oils, and solvents.
Fatigue resistance: POM demonstrates excellent fatigue endurance, making it suitable for applications involving repetitive stresses.
Electrical insulation: It possesses good electrical insulating properties, making it a valuable material in electrical components.
Applications of Polyoxymethylene
Automotive: POM is widely used in automotive components such as gears, pulleys, bearings, and fuel systems. Its durability and low friction properties contribute to the performance and efficiency of vehicles.
Electronics: POM is employed in various electronic components, including connectors, switches, and housings. Its dimensional stability and electrical insulation properties are crucial for the reliability of electronic devices.
Consumer goods: POM is found in a variety of consumer products, such as kitchen appliances, power tools, and sporting goods. Its strength, durability, and aesthetic appeal make it a popular choice for these applications.
Industrial machinery: POM is used in industrial machinery components, including gears, bearings, and conveyor belts. Its resistance to wear and tear, as well as its ability to withstand harsh environments, make it a valuable material in this sector.
Source- https://www.fortunebusinessinsights.com/polyoxymethylene-market-110174
Polyoxymethylene Market Growth and Trends
The global POM market is experiencing steady growth, driven by increasing demand from various industries. The automotive sector, in particular, is a major consumer of POM due to its use in a wide range of components. Advances in technology, such as electric vehicles and autonomous driving, are expected to further fuel the demand for high-performance materials like POM.
Moreover, the growing focus on sustainability and environmental concerns is driving the development of bio-based POM alternatives. These materials offer similar properties to traditional POM while reducing reliance on fossil fuels.
Conclusion
Polyoxymethylene (POM) is a versatile engineering plastic with a wide range of applications. Its exceptional properties, including strength, rigidity, and dimensional stability, make it a valuable material in industries such as automotive, electronics, consumer goods, and industrial machinery. As the market continues to grow, advancements in technology and increasing sustainability efforts are likely to shape the future of POM.