Polyoxymethylene (POM) Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The market is segmented by Type (Homopolymer POM and Copolymer POM), End-user Industry (Electrical and Electronics, Transportation, Medical, Food Packaging, Consumer Goods and Appliances, Construction, and Other End-user Industries), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa)

Market Snapshot

Polyoxymethylene (POM) Market Size
Study Period: 2016 - 2026
Base Year: 2021
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: <3 %
Polyoxymethylene (POM) Market Major Players

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Market Overview

The market for polyoxymethylene (POM) is expected to register a CAGR of around 3% during the forecast period. Major factors driving the market studied are the intensive use in the electrical and electronics industry and rising demand from the transportation sector. However, the growing usage of bio-based materials as an alternative to polyoxymethylene is expected to hinder the growth of the market studied.

  • The transportation industry dominated the market, and is expected to grow during the forecast period, owing to the increasing automotive sales across the world, especially in the Asia-Pacific region.
  • Increasing new applications in the food packaging industry is likely to act as an opportunity in the future.
  • Asia-Pacific dominated the market across the world, with the largest consumption in China.

Scope of the Report

The polyoxymethylene (POM) market report includes:

Homopolymer POM
Copolymer POM
End-user Industry
Electrical and Electronics
Food Packaging
Consumer Goods and Appliances
Other End-user Industries
South Korea
Rest of Asia-Pacific
North America
United States
Rest of North America
United Kingdom
Rest of Europe
South America
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Key Market Trends

Intensive Use in the Electrical and Electronics Industry

  • POM, owing to its various constructive properties, such as electrical and thermal insulation, easy-to-modify nature, lightweight, and shatter-resistance, are being increasingly used in the electrical and electronics segment.
  • Some of the important applications of POM are electric housing, circuit boards, switches and wiring components, enclosures, sockets and connector, cooling systems, etc.
  • Asia-Pacific is expected to witness a major growth in the electronics industry, as China is one of the largest electronics manufacturers globally, followed by South Korea and Japan.
  • In Europe, Germany is the largest producer of electronics, and the market is projected to expand during the forecast period, due to the rising demand for more innovative and technologically-advanced products in the industry. Thus, increasing the consumption of polyoxymethylene (POM) in the electronics market.
  • Other trends, such as digitalization of the automotive industry, among others, have increased the consumption of POM in automotive electronics applications.
Polyoxymethylene (POM) Market Trends

Asia-Pacific Region to Dominate the Market

Asia-Pacific dominated the POM market, accounting for a major share of the market. The region was found to be the largest market for POM consumption, due to several developing economies in the region. The product consumption is very high in China, due to POM’s application in various electrical and electronic, and automobile industries. Use of POM as a replacement for metal, due to its lightweight and high strength in various sectors, has increased its consumption in major end-user industries. With rising demand from the developing economies in the region, Asia-Pacific is also projected to register the highest CAGR during the forecast period. The aforementioned factors are expected to contribute to the increasing demand for polyoxymethylene consumption in the region, during the forecast period.

Polyoxymethylene (POM) Market Share

Competitive Landscape

The polyoxymethylene market is partially consolidated, with the top five players accounting for more than 50% of the market. The major companies include Polyplastics Co. Ltd, Celanese Corporation, DowDuPont, Korea Engineering Plastics Co. Ltd, and China National Bluestar (Group) Co. Ltd, among others.

Table of Contents


    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study




    1. 4.1 Drivers

      1. 4.1.1 Intensive Use in the Electronics and Electricals Industry

      2. 4.1.2 Rising Demand from the Transportation Sector

    2. 4.2 Restraints

      1. 4.2.1 Bio-based Materials as a Strong Alternative

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

    5. 4.5 Raw Material Analysis

    6. 4.6 Patent Analysis


    1. 5.1 Type

      1. 5.1.1 Homopolymer POM

      2. 5.1.2 Copolymer POM

    2. 5.2 End-user Industry

      1. 5.2.1 Electrical and Electronics

      2. 5.2.2 Transportation

      3. 5.2.3 Medical

      4. 5.2.4 Food Packaging

      5. 5.2.5 Consumer Goods and Appliances

      6. 5.2.6 Construction

      7. 5.2.7 Other End-user Industries

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. China

        2. India

        3. Japan

        4. South Korea

        5. Rest of Asia-Pacific

      2. 5.3.2 North America

        1. United States

        2. Canada

        3. Mexico

        4. Rest of North America

      3. 5.3.3 Europe

        1. Germany

        2. United Kingdom

        3. Italy

        4. France

        5. Spain

        6. Rest of Europe

      4. 5.3.4 South America

        1. Brazil

        2. Argentina

        3. Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. Saudi Arabia

        2. South Africa

        3. Qatar

        4. Rest of Middle-East and Africa


    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 DowDuPont

      2. 6.4.2 Kolon BASF innoPOM Inc.

      3. 6.4.3 China National Bluestar (Group) Co. Ltd

      4. 6.4.4 Asahi Kasei Corporation

      5. 6.4.5 Korea Engineering Plastics Co. Ltd

      6. 6.4.6 Mitsubishi Engineering-Plastics Corporation

      7. 6.4.7 Polyplastics Co. Ltd

      8. 6.4.8 Celanese Corporation

      9. 6.4.9 RTP Company

      10. 6.4.10 Polyone Corporation

      11. 6.4.11 SABIC

      12. 6.4.12 Techmer PM

      13. 6.4.13 Westlake Plastics Company

      14. 6.4.14 ALBIS PLASTIC GmbH

    5. *List Not Exhaustive

    1. 7.1 Opportunities

      1. 7.1.1 New Applications in the Food Packaging Industry

    2. 7.2 Future of the Market

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Frequently Asked Questions

The Polyoxymethylene (POM) Market market is studied from 2016 - 2026.

The Polyoxymethylene (POM) Market is growing at a CAGR of <3% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2021.

Polyplastics Co. Ltd, Celanese Corporation, Korea Engineering Plastics Co. Ltd, China National Bluestar (Group) Co. Ltd, DuPont are the major companies operating in Polyoxymethylene (POM) Market.

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