360 Research Reports has published a new report titled as "Polyoxymethylene (POM) Plastic Market" by End User (Automotive Industry, Consumer, Others(Medical, Devices, Healthcare etc.)), Types (TYPE1), Region and Global Forecast to 2024-2031. This Exclusive Data Report also presents qualitative and quantitative perspectives on SWOT and PESTLE analysis based on geographical regions and industry segments.
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Browse Detailed TOC of Polyoxymethylene (POM) Plastic Market report which is spread across 93+ Pages, Tables and Figures with Charts that provides exclusive data, information, vital statistics, trends, and competitive landscape details in this niche sector.
Who is the largest manufacturers of Polyoxymethylene (POM) Plastic Market worldwide?
- Polyplastics Co.,Ltd
- Mitsubishi Engineering-Plastics Corporation
- Celanese
- DuPont
- YUNTIANHUA
- BLUESTAR
- HENAN ENERGY AND CHEMICAL INDUSTRY
- Shenhua Ningxia Coal Industry Group Co., Ltd
- CNOOC Tianye Chemical Co., Ltd.
- BASF
- Formosa Plastics Corporation
- Asahi Kasei
- KOLON
- KEP
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Short Description About Polyoxymethylene (POM) Plastic Market:
The Global Polyoxymethylene (POM) Plastic market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2022, the market is growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
Market Analysis and Insights: Global Polyoxymethylene (POM) Plastic Market
Due to the COVID-19 pandemic, the global Polyoxymethylene (POM) Plastic market size is estimated to be worth USD million in 2022 and is forecast to a readjusted size of USD million by 2028 with a CAGR of Percent during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Homo-polyoxymethylene accounting for Percent of the Polyoxymethylene (POM) Plastic global market in 2021, is projected to value USD million by 2028, growing at a revised Percent CAGR from 2022 to 2028. While Automotive Industry segment is altered to an Percent CAGR throughout this forecast period.
North America Polyoxymethylene (POM) Plastic market is estimated at USD million in 2021, while Europe is forecast to reach USD million by 2028. The proportion of the North America is Percent in 2021, while Europe percentage is Percent, and it is predicted that Europe share will reach Percent in 2028, trailing a CAGR of Percent through the analysis period 2022-2028. As for the Asia, the notable markets are Japan and South Korea, CAGR is Percent and Percent respectively for the next 6-year period.
The global major manufacturers of Polyoxymethylene (POM) Plastic include Polyplastics Co.,Ltd, Mitsubishi Engineering-Plastics Corporation, Celanese, DuPont, YUNTIANHUA, BLUESTAR, HENAN ENERGY AND CHEMICAL INDUSTRY, Shenhua Ningxia Coal Industry Group Co., Ltd and CNOOC Tianye Chemical Co., Ltd., etc. In terms of revenue, the global 3 largest players have a Percent market share of Polyoxymethylene (POM) Plastic in 2021.
Global Polyoxymethylene (POM) Plastic Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
What are the factors driving the growth of the Polyoxymethylene (POM) Plastic Market?
Growing demand for below applications around the world has had a direct impact on the growth of the Polyoxymethylene (POM) Plastic
- Automotive Industry
- Consumer
- Others(Medical, Devices, Healthcare etc.)
What are the types of Polyoxymethylene (POM) Plastic available in the Market?
Based on Product Types the Market is categorized into Below types that held the largest Polyoxymethylene (POM) Plastic market share In 2024.
- Homo-polyoxymethylene
- Co-polyoxymethylene
Which regions are leading the Polyoxymethylene (POM) Plastic Market?
- North America (United States, Canada and Mexico)
- Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
- South America (Brazil, Argentina, Columbia etc.)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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This Polyoxymethylene (POM) Plastic Market Research/Analysis Report Contains Answers to your following Questions
- What are the global trends in the Polyoxymethylene (POM) Plastic market? Would the market witness an increase or decline in the demand in the coming years?
- What is the estimated demand for different types of products in Polyoxymethylene (POM) Plastic? What are the upcoming industry applications and trends for Polyoxymethylene (POM) Plastic market?
- What Are Projections of Global Polyoxymethylene (POM) Plastic Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about Import and Export?
- Where will the strategic developments take the industry in the mid to long-term?
- What are the factors contributing to the final price of Polyoxymethylene (POM) Plastic? What are the raw materials used for Polyoxymethylene (POM) Plastic manufacturing?
- How big is the opportunity for the Polyoxymethylene (POM) Plastic market? How will the increasing adoption of Polyoxymethylene (POM) Plastic for mining impact the growth rate of the overall market?
- How much is the global Polyoxymethylene (POM) Plastic market worth? What was the value of the market In 2020?
- Who are the major players operating in the Polyoxymethylene (POM) Plastic market? Which companies are the front runners?
- Which are the recent industry trends that can be implemented to generate additional revenue streams?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Polyoxymethylene (POM) Plastic Industry?
Polyoxymethylene (POM) Plastic Market - Covid-19 Impact and Recovery Analysis:
We were monitoring the direct impact of covid-19 in this market, further to the indirect impact from different industries. This document analyzes the effect of the pandemic on the Polyoxymethylene (POM) Plastic market from a international and nearby angle. The document outlines the marketplace size, marketplace traits, and market increase for Polyoxymethylene (POM) Plastic industry, categorised with the aid of using kind, utility, and patron sector. Further, it provides a complete evaluation of additives concerned in marketplace improvement in advance than and after the covid-19 pandemic. Report moreover done a pestel evaluation within the business enterprise to study key influencers and boundaries to entry.
Our studies analysts will assist you to get custom designed info to your report, which may be changed in phrases of a particular region, utility or any statistical info. In addition, we're constantly inclined to conform with the study, which triangulated together along with your very own statistics to make the marketplace studies extra complete for your perspective.
Final Report will add the analysis of the impact of Russia-Ukraine War and COVID-19 on this Polyoxymethylene (POM) Plastic Industry.
Detailed TOC of Global Polyoxymethylene (POM) Plastic Market Research Report, 2024-2031
1 Market Overview 1.1 Product Overview and Scope of Polyoxymethylene (POM) Plastic 1.2 Classification of Polyoxymethylene (POM) Plastic by Type 1.2.1 Overview: Global Polyoxymethylene (POM) Plastic Market Size by Type: 2017 Versus 2021 Versus 2031 1.2.2 Global Polyoxymethylene (POM) Plastic Revenue Market Share by Type in 2021 1.3 Global Polyoxymethylene (POM) Plastic Market by Application 1.3.1 Overview: Global Polyoxymethylene (POM) Plastic Market Size by Application: 2017 Versus 2021 Versus 2031 1.4 Global Polyoxymethylene (POM) Plastic Market Size and Forecast 1.5 Global Polyoxymethylene (POM) Plastic Market Size and Forecast by Region 1.6 Market Drivers, Restraints and Trends 1.6.1 Polyoxymethylene (POM) Plastic Market Drivers 1.6.2 Polyoxymethylene (POM) Plastic Market Restraints 1.6.3 Polyoxymethylene (POM) Plastic Trends Analysis
2 Company Profiles 2.1 Company 2.1.1 Company Details 2.1.2 Company Major Business 2.1.3 Company Polyoxymethylene (POM) Plastic Product and Solutions 2.1.4 Company Polyoxymethylene (POM) Plastic Revenue, Gross Margin and Market Share (2019, 2020, 2021 and 2024) 2.1.5 Company Recent Developments and Future Plans
3 Market Competition, by Players 3.1 Global Polyoxymethylene (POM) Plastic Revenue and Share by Players (2019,2020,2021, and 2024) 3.2 Market Concentration Rate 3.2.1 Top3 Polyoxymethylene (POM) Plastic Players Market Share in 2021 3.2.2 Top 10 Polyoxymethylene (POM) Plastic Players Market Share in 2021 3.2.3 Market Competition Trend 3.3 Polyoxymethylene (POM) Plastic Players Head Office, Products and Services Provided 3.4 Polyoxymethylene (POM) Plastic Mergers and Acquisitions 3.5 Polyoxymethylene (POM) Plastic New Entrants and Expansion Plans
4 Market Size Segment by Type 4.1 Global Polyoxymethylene (POM) Plastic Revenue and Market Share by Type (2017-2024) 4.2 Global Polyoxymethylene (POM) Plastic Market Forecast by Type (2024-2031)
5 Market Size Segment by Application 5.1 Global Polyoxymethylene (POM) Plastic Revenue Market Share by Application (2017-2024) 5.2 Global Polyoxymethylene (POM) Plastic Market Forecast by Application (2024-2031)
6 Regions by Country, by Type, and by Application 6.1 Polyoxymethylene (POM) Plastic Revenue by Type (2017-2031) 6.2 Polyoxymethylene (POM) Plastic Revenue by Application (2017-2031) 6.3 Polyoxymethylene (POM) Plastic Market Size by Country 6.3.1 Polyoxymethylene (POM) Plastic Revenue by Country (2017-2031) 6.3.2 United States Polyoxymethylene (POM) Plastic Market Size and Forecast (2017-2031) 6.3.3 Canada Polyoxymethylene (POM) Plastic Market Size and Forecast (2017-2031) 6.3.4 Mexico Polyoxymethylene (POM) Plastic Market Size and Forecast (2017-2031)
7 Research Findings and Conclusion
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8 Appendix 8.1 Methodology 8.2 Research Process and Data Source 8.3 Disclaimer
9 Research Methodology
10 Conclusion
Continued….
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The medical polyoxymethylene (POM) market was valued at US$47.912 million in 2021.
Medical polyoxymethylene, commonly called POM or acetal, is a high-performance engineering thermoplastic used in the medical industry for various applications. Its unique properties, including high stiffness, enhanced dimensional stability, and low friction coefficient, is increasing its consumption by pharmaceutical and biotechnological companies for medical device manufacturing processes. Copolymer POM and homopolymer POM are the most used types of medical polyoxymethylene. Homopolymer POM is made from a single type of monomer that consists of repetitions of the same molecule resulting in a high degree of crystallinity and stiffness in addition to its high mechanical and thermal properties. In contrast, copolymer POM is a polymer made from two different types of monomers. Medical polyoxymethylene is dominantly consumed for manufacturing dialysis machines, inhalers, medical trays, handles for surgical instruments, insulin pens, and pharmaceutical closures.
The growing demand for sustainable materials in the healthcare industry, driven by the awareness of environmental issues, is creating a high demand for medical POM since POM is a recyclable material. Several healthcare equipment manufacturers are incorporating recycled POM into their products to reduce their environmental footprint. Further, the growth in healthcare expenditure and infrastructure, the rise in demand for medical devices, and the developments in the production of advanced grades of medical POM are anticipated to result in the expansion of the medical polyoxymethylene market over the forecast period.
The rise in medical devices and equipment demand is propelling the medical POM market growth.
POM is extensively used to manufacture medical devices that require frequent cleaning and sterilization due to its ability to resist chemical and biological agents. The Indian Brand Equity Foundation estimated that the Indian medical devices sector reached US$12 billion in 2021, with approximately US$2.53 billion worth of exports. Further, the Indian Medical Devices Industry estimated that the number of medical device imports in India increased by 41% to increase from Rs.44,708 crore in 2021 to Rs.63,200 crore in 2022. The biocompatibility of medical POM, since it does not cause harmful or toxic reactions to human tissue and its recyclability, is increasing its consumption by healthcare companies. Therefore, the rising consumption of medical instruments and equipment in most of the world driven by the pandemic and the general rise in the consumption of healthcare facilities by consumers is driving the growth of the medical POM market.
Product Offerings:
- Celanex POM by Celanese Corporation – Celanese Corporation is a leading global chemical and specialty materials company in the US that manufactures medical-grade polyoxymethylene (POM) under its brand, Celanex. Celanex POM is a high-performance thermoplastic used in various medical applications due to its properties to meet the requirements of thermoplastic polyester of medical companies.
- Ultraform POM by BASF –BASF is an international chemical company that produces a range of medical-grade polyoxymethylene (POM) in its Ultraform product line. BASF offers a range of medical-grade Ultraform POM grades that comply with various regulatory requirements, such as ISO 10993, and are high-performance thermoplastics widely used in medical applications.
- TECAFORM POM by Ensinger Plastics – Ensinger Plastics is a German company manufacturing various high-performance engineering plastics, including medical-grade polyoxymethylene as TECAFORM POM with enhanced steam sterilization resistance. In addition, the company provides technical support and expertise to its customers in the medical industry to optimize the use of TECAFORM POM in its products, including material selection, design optimization, and product development.
Copolymer POM is expected to hold a major share of the medical polyoxymethylene market by type.
The presence of the second monomer, such as ethylene oxide, in copolymer POM results in a lower degree of crystallinity and improved impact strength which offers enhanced chemical resistance and durability at higher temperatures than homopolymer POM. Therefore, the beneficial properties of copolymer POM are expected to increase its market share in the medical POM market.
By application, the rising demand for insulin pens is expected to expand the medical POM market over the forecast period.
The rise in the number of people diabetes patients around and the increasing demand for insulin pens as an effective diabetes care and treatment option is increasing the demand for medical POM. For instance, the International Diabetes Federation estimated that the annual prevalence rate of diabetes worldwide is 3% over the last decade. In addition, it is projected that the total number of global diabetes patients will increase from 536.5 million in 2021 to 783.2 in 2045. The rise in diabetic patients is increasing the use of insulin pens. Medical POM is commonly used in manufacturing insulin pens due to its unique properties to withstand frequent usage and other handling processes. In addition, the ability of medical POM to maintain its shape despite its exposure to different temperatures and pressures, which ensures the proper functioning of the pen and prevention of leakage or damage to the insulin cartridge, is resulting in its consumption in insulin pens.
North America contributes majorly to the medical polyoxymethylene market and is expected to grow significantly over the forecast period.
The presence of established international medical and pharmaceutical companies in the region manufacturing medical equipment and the rising healthcare expenditure by consumers is driving the medical POM market in the region. For instance, the American Medical Association estimated that the healthcare expenditure in the US in 2021 amounted to US$4,255.1 billion. Further, the growing demand for dialysis machines driven by the rise in kidney failures among patients is expected to increase the consumption of medical POM. The American Kidney Fund projected that approximately 570,000 patients are on dialysis machines and that the growth rates of kidney failures are expected to augment the demand for dialysis machines.
Medical Polyoxymethylene (POM) Market Scope:
Report Metric
Details
Market Size Value in 2021
US$47.912 million
Growth Rate
CAGR during the forecast period
Base Year
2021
Forecast Period
2023 – 2028
Forecast Unit (Value)
USD Million
Segments Covered
Type, Application, and Geography
Regions Covered
North America, South America, Europe, Middle East and Africa, Asia Pacific
Companies Covered
Celanese Corporation , BASF, Daicel Corporation, DuPont de Nemours, Inc., Ensinger Plastics, Polyplastics Global, Kolon Plastic Inc., Barlog Plastics GmbH, SABIC, Asahi Kasei Corporation
Customization Scope
Free report customization with purchase
Market Segmentation:
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- By Type
- Copolymer POM
- Homopolymer POM
- By Application
- Dialysis Machine
- Inhalers
- Medical Trays
- Handles for Surgical Instruments
- Insulin Pen
- Pharmaceutical Closures
- Others
- By Geography
- North America
- South America
- Europe
- Germany
- France
- United Kingdom
- Spain
- Others
- Middle East and Africa
- Saudi Arabia
- UAE
- Israel
- Others
- Asia Pacific
- China
- Japan
- India
- South Korea
- Indonesia
- Thailand
- Taiwan
- Others
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