Market Research Reports

Home Press Releases Polyoxymethylene Market is Expected to Reach USD 3.39 Billion by 2019

Polyoxymethylene Market is Expected to Reach USD 3.39 Billion by 2019

Posted on Jun 30, 2014
Transparency Market Research ( has published a new market report titled “Polyoxymethylene (POM) Market for Automotive, Electrical, Consumer and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019.” According to the report, the global polyoxymethylene market was valued at USD 2.00 billion in 2012 and is anticipated to reach USD 3.39 billion by 2019, expanding at a CAGR of 7.6% during the forecast period from 2013 to 2019. In terms of volume, the global polyoxymethylene market stood at 959.1 kilo tons in 2012.

Polyoxymethylene is an engineering thermoplastic that is used in various applications in automobile, electronic and consumer goods industries. Characteristics of polyoxymethylene make it applicable for usage in various end-user applications such as manufacture of electronic appliances, electrical parts, children’s toys and disposable applicators among others. 

Increasing demand for lightweight materials from the automotive industry is expected to be a key driver for the polyoxymethylene market in the near future. Additionally, rising demand for electrical products and consumer goods in BRIC nations is projected to boost demand for polyoxymethylene during the forecast period from 2013 to 2019. Use of lightweight materials in vehicles leads to low fuel consumption, thereby creating high demand for polyoxymethylene in the market. This has also resulted in reducing the CO2 emission in the atmosphere. However, competition from bio-based materials with potential to replace polyoxymethylene in a few applications is estimated to hamper growth of POM in future.

Automotive and electrical & electronic segments are the major applications of polyoxymethylene. Automotives constituted 32.4% of the global market share in 2012, followed by electrical and electronic application segment. The consumer application market in RoW is likely to experience significant growth and is estimated to grow at a CAGR of 5.5% from 2013 to 2019. It is expected to be the fastest growing region during the forecast period. The others segment that includes medical devices is also anticipated to add to the global demand for polyoxymethylene in the near future.

With major market share for polyoxymethylene, Asia Pacific is expected to be the second-fastest growing market with an estimated CAGR of 5.3%, by volume, from 2013 to 2019. RoW including Latin America, the Middle East and Africa is anticipated to experience substantial growth due to increasing demand for consumer and automotive products along with improvement in the economy. North America accounted for 19.8% of the total POM market share in 2012. The region is likely to experience sluggish growth in POM demand, as market for electrical product such as switchboards is decreasing due to decline in the construction industry of the region. Europe is expected to expand at a CAGR of 4.5% from 2013 to 2019. It is anticipated to experience sluggish growth compared to other fastest growing regions such as RoW due to the slow recovery of the economy after recession and high demand from Asia. 

The polyoxymethylene market is highly concentrated, with the top six players accounting for more than 58% of the total global market in 2012. Key manufacturers of polyoxymethylene include BASF SE, E.I. DuPont de Nemours and Company, Polyplastics, Formosa Plastics Corporation, Celanese Corporation, Asahi Kasei Chemicals Corporation and A. Schulman.

Browse the full Polyoxymethylene Market report at

The report segments the global polyoxymethylene market as:
  • Polyoxymethylene Market - Application Segment Analysis
    • Automotive
    • Electrical
    • Consumer
    • Others (Medical devices, etc.)
  • Polyoxymethylene Market - Regional Analysis
    • North America
    • Europe
    • Asia Pacific
    • Rest of the World (RoW)
About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information. 

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.


Ms. Sheela AK
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
USA - Canada Toll Free: 866-552-3453

Related Report

  • Solder Paste Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023
  • Solder paste, also known as solder cream is used to connect leads on surface mounted integrated circuit chips to the attachment points on the printed circuit boards, which are commonly used in all electronic devices. It is generally applied as a paste through stencil or dispensing tubes on the leads on printed circuit boards, followed by heating the paste in order for it to melt and fuse the connection. Soldering paste is an extremely important ingredient in the electronic circuit manufacturi...

  • Methyl Red Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023
  • Methyl red, which is also known as, C.I. Acid Red 2, is a chemical indicator dye, which turns red when it reacts with acidic solutions. Methyl red also called as an azo dye, is dark red and is found as a crystalline powder. Methyl red is one of the most popular pH indicators used to test pH of various chemical reactions. The indicator turns red under pH 4.4 and yellow over pH 6.2 and turns orange when the pH is in between the two values. Methyl red is soluble in water and in ethanol and has t...

  • Ceramic Packing Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023
  • Ceramics are ideal material for packing because they are chemically, biologically and electrically inert and may be fabricated with 3-D structures. Ceramic surface of ceramic packing generates thin film, which can promote mixing of liquid and vapor and generate pressure drop at the same time. Ceramic packing cost less than metal packing and provides superior performance and protection of products. Ceramics are excellent electrical insulators and are less costly because the base material can b...

Copyright @ Transparency Market Research