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The global Polyoxymethylene (POM) market is poised for steady growth as manufacturers across automotive, electronics, industrial machinery, and consumer product sectors increasingly adopt high-performance engineering plastics. According to a new market research report from Industry Experts, Inc., the market is projected to grow from US$3.6 billion in 2025 to US$4.6 billion by 2032, registering a CAGR of 3.6%. POM has become a critical engineering material due to its excellent mechanical properties, dimensional stability, low friction coefficient, and resistance to wear and chemicals. These advantages continue to support its growing use in precision components that require durability and reliability under demanding operating conditions. Automotive & Transportation remains the largest application segment, accounting for more than one-third of total demand. The ongoing shift toward lightweight vehicle designs and increasing use of engineered plastic components are expe...

Industry Experts, Inc. released the 2024 version of an in-depth global market research report " Engineering Plastics – A Global Market Overview ". As per this new report, Engineering plastics sales volumes rebounded to normal growth in 2023 despite general economic uncertainty. Future growth of the engineering plastics market is mainly driven by the established markets of automotive & transportation, electrical & electronics, and appliances. The engineering plastics sector plays a pivotal role in various industries, spanning automotive, electronics, appliances, construction, healthcare, and more. Its robust growth is fueled by the relentless pursuit of high-performance materials that offer durability, versatility, and enhanced mechanical properties. Unlike commodity plastics, which are used for general purposes, engineering plastics are designed for specific applications that demand enhanced performance in challenging environments. Global volume consumption of engin...

Industry Experts, Inc. published the new market research report " Polyoxymethylene (POM) – A Global Market Overview ". As per analysts at Industry Experts, global POM demand has bounced back in 2022 and is further expected to maintain a CAGR of 3.6% through 2028. Future growth will be driven mainly by the automotive and electronics sectors. Polyoxymethylene (POM) is commonly used as a direct replacement for metals due to its stiffness, dimensional stability and corrosion resistance and is widely used in the production of precision parts for applications including automotive, electrical & electronics, industrial and medical. POM resins are available in homopolymer and copolymer formats, with acetal copolymers offering high toughness over a wide range of temperatures, with greater resistance to hot water, hot air, and creep, as against homopolymers. However, homopolymers offer better mechanical and thermal properties. Demand for polyoxymethylene (POM) worldwide was decli...