Polyoxymethylene Price Trend

Polyoxymethylene Prices December 2023

In China, Polyoxymethylene (POM) prices fell due to high supply and low demand, reducing costs. The current price for POM in the region is 70 USD/MT.

Q4 2023 there was stability in the POM market of Germany with a moderate supply and demand chain. Demand was somewhat stable though modest, especially in the electronics and the automotive sectors, although there was a recession in Europe. Even though overall automobile sales in Germany grew by more than 10% in November, the demand for POM in this area was still pretty low.

Polyoxymethylene Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Polyoxymethylene Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of polyoxymethylene pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of polyoxymethylene at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of polyoxymethylene price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing polyoxymethylene price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Polyoxymethylene Market Analysis

The global polyoxymethylene market size reached US$ 3.5 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 5 Billion, at a projected CAGR of 3.90% during 2023-2032.

• The expanding automotive industry utilizes POM for producing intricate parts like fuel system components, door handle assemblies, and other under-the-hood applications, which is fueling the market.
• Shifting trends towards more sophisticated electrical and electronic gadgets have amplified the need for durable and stable plastics, thus pushing the demand for POM in the electronics sector.
• The market is also witnessing a significant trend in the adoption of sustainable manufacturing practices, as such, the development and integration of bio-based and recyclable POM variants are beginning to take shape, aligning with global sustainability goals and regulations.
• The growing demand for POM in the consumer goods sector, where it is used to manufacture components in household appliances, sports equipment, and toys, leveraging its strength and wear resistance to extend product lifespans and enhance performance.
• Numerous innovations in additive manufacturing or 3D printing technologies is opening new opportunities for POM.
• The rapid expansion of the medical devices industry presents another robust avenue for POM applications, especially given the material's durability, resistance to sterilization processes, and compliance with stringent regulatory standards for medical use.
• POM is frequently used in the production of surgical instruments, drug delivery systems, and disposable medical devices, where precision and reliability are paramount.
• The military sector also presents a growing market for POM due to its application in the manufacturing of lightweight, durable components for weapons systems, gear, and vehicular components.
• POM is increasingly adopted in the packaging sector for components that require high precision, such as pump sprayers and dispensing systems, where its excellent fatigue resistance and durability ensure reliable functionality and longevity.
• Continued research and development efforts aimed at improving the properties of POM are leading to the creation of new blends and composites that offer enhanced performance characteristics.
• The increasing focus on sustainable urban infrastructure projects, such as modern water management systems and durable urban furniture, is also stimulating demand for POM.

Polyoxymethylene News

The report covers the latest developments, updates, and trends impacting the global polyoxymethylene market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in polyoxymethylene production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the polyoxymethylene price trend.

Latest developments in the polyoxymethylene industry:

• On December 7, 2023, The Mitsubishi Chemical Group announced that its BioPBS™, a plant-derived compostable polymer, received certification as a marine biodegradable biomass plastic from the Japan BioPlastics Association (JBPA).
• On March 7, 2024, one year after launching its sustainability roadmap, BASF’s Monomers division achieved global certification for its production sites, including the MDI site in Geismar, Louisiana, now ISCC PLUS and REDcert2-certified. According to the report by the division in February 2024, a mixture of sustainable products with an overall of 345 certified products such as chemically recycled and biomass-based isocyanates and polyamides, have been offered to various industries like agro and chemical sectors.
• On September 14, 2023, LG Chem and Eni Sustainable Mobility are pursuing a joint-venture for the construction of a biorefinery at the LG Chem’s Daesan complex, which is to be designed to address the need of sustainable fuels and plastics markets. The proillection, which should achieve its final investment decision in 2024 and be completed in 2026, would utilize the Ecofining™ technology to process up to 400,000 tons of bio-feedstocks on an annual basis.

Product Description

Polyoxymethylene (POM), known as acetal, is a very crystalline thermoplastic with good mechanical, thermal, and chemical resistance properties that make it ideal for precision parts that need strong stiffness, low friction, and excellent dimensional stability POM is the result of the reaction of formaldehyde with formaldehyde in which anionic polymerization is involved which helps to make a stable and strong polymer chain.

POM is highly useful for making precision parts thanks to its strength and corrosion resistance to wear and solvents, it is therefore invaluable in different industries. Its main advantages are that it is strong, it can withstand low temperatures and it is also fatigue resistant, which makes it very effective in gears, fasteners, bearings, and automotive parts where performance is crucial.

Furthermore, POM is used in food contact applications and as a material for medical devices due to its alignment with regulatory requirements on purity and safety. Additionally, the material's machineability, as well as its absence of moisture absorption, make it ideal for the design of the parts with high accuracy and durability. Such quality guarantees the use of POM in modern manufacturing processes and engineering applications.

Regional Coverage

The report provides a detailed analysis of the polyoxymethylene market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the polyoxymethylene price trend.

Global Polyoxymethylene Price

The report offers a holistic view of the global polyoxymethylene pricing trends in the form of polyoxymethylene price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of polyoxymethylene but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed polyoxymethylene demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Polyoxymethylene Price

In Q4 2023, the European Polyoxymethylene (POM) market was stable thanks to balanced supply and demand levels. Even though the overall recession in Europe persevered the demand from the key areas of electronics and automotive was rather solid albeit average. Although there was a significant increase of over 10% in automotive sales in November, this increase did not translate into high demand for POM in the automotive industry.

This analysis can be extended to include detailed polyoxymethylene price information for a comprehensive list of countries.

North America Polyoxymethylene Price

In the last quarter of 2023, the North American Polymethylene Oxide (POM) market encountered a bearish trend caused by high levels of inventory and cheaper imports coming from China. Conversely, even though U.S. auto sales rose marginally and the other sectors did not see further growth, nearshoring was not as prominent as anticipated. The global industry of electronics plunged along with the drop in demand causing serious disarray in the market. The poor state of the economy, the increase in inflation rates, and the prolongation of some projects were counted in the problem as well. At the year-end, the overstocked items cause discounted prices to turn the growing surplus into market balance.

Specific polyoxymethylene historical data within the United States and Canada can also be provided.

Middle East and Africa Polyoxymethylene Price

The report explores the polyoxymethylene pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on polyoxymethylene prices for countries can also be provided.

Asia Pacific Polyoxymethylene Price

In Q4 2023, the Polyoxymethylene (POM) market in the APAC region showed mixed trends. In China, POM prices declined due to ample supply and reduced demand, which also led to lower product costs. Conversely, in South Korea, production costs increased as a result of rising feedstock Formaldehyde prices from the Dutch market. This caused a moderate supply situation in South Korea, leading to a bullish market condition.

This polyoxymethylene price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Polyoxymethylene Price

The analysis of polyoxymethylene prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of polyoxymethylene pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting polyoxymethylene price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The polyoxymethylene price charts ensure our clients remain at the forefront of the industry.