Polyoxymethylene (also known as POM) is a high-performance engineering polymer derived from formaldehyde. It finds its applications in various end-user industries such as electrical and electronics, automotive, consumer goods and electronics, and others.
Polyoxymethylene is a preferred material in the high-performance engineering plastics category due to its many desirable properties, such as excellent dimensional stability, impact resistance, fatigue resistance, and high strength.
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To create insulators, capacitors, and numerous other electronic components, polyoxymethylene is primarily employed in the electrical and electronics industry. The product is more effective and efficient because to the usage of this material, which results in higher performance.
In the food sector, polymers are valued as a material because of their mechanical durability, low cost, and ease of production and processing. As a result, it is anticipated that the need for plastic from the food industry would grow in the future years, strengthening the Polyoxymethylene market and opening up new prospects.
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Polyoxymethylene is an engineering thermoplastic that is used because of its excellent physical properties which make it a metal replacing light weight material. The drivers for this market include superior properties, increasing demand in end use industries, and replacement for plastics among others.
New applications in the food packaging industry along with non-crude oil derivate based raw materials would act as opportunities for Polyoxymethylene. Use of Polyoxymethylene in various industries such as automotive, electrical and electronics, others in the form of metal replacement plastic due to its light weight and high strength is expected to drive growth of the Polyoxymethylene market.
Some of the major players of the global Polyoxymethylene market are:
- E. I. Du Pont De Nemours and Company
- BASF SE
- Schulman
- Korea Engineering Plastics
- Asahi Kasei Chemicals Corp.
- Celanese Corporation
- Mitsubishi Engineering-Plastics Corporation
- and others.
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