Europe Polyoxymethylene Market size surpassed USD 1110 million in 2021 and is anticipated to exhibit a CAGR of 2% between 2022 and 2028.

The automotive industry in Europe is facing detrimental challenges in maintaining fuel efficiency, production sustainability and controlling pollution levels. Hence, the increasing interest in metal substitute plastics in the automotive sector will significantly influence the market size. With the rising rate of industrialization, the production of gas caps, aerosol containers, soap dispensers, chemical sprayers, and paint mixing paddles has picked up a considerable pace. Rising demand in the production of engineering components and safety systems, like bearings, gears, and seat belts will also favor the market growth.

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Polyoxymethylene is primarily a thermoplastic that is employed in several interior parts as well as fuel system components for significantly lowering the weight of vehicles, and subsequently improving fuel efficiency. For reducing the CO2 emissions, mainly from passenger cars and light commercial vehicles, there has been a potential rise in the number of regulatory norms led by the European Union (EU).

Favorable trends in the medical industry and the growing instances of traumatology, joint reconstruction, as well as the replacement procedures of knee, shoulder & hip, and spine, are other factors driving the market growth in Europe.

The stringency of environmental regulations associated with plastic recycling and the risks of toxic gases released during production may hamper the industry development to some extent. However, the ongoing innovations and the higher government spending in the medical sector will influence the market demand.

Europe Market, By Grade

The reinforced grade segment will record significant gains through 2028, due to advantages, like excellent strength, stiffness, minimum thermal expansion, superior dimensional stability and good moldability. The rising popularity of glass-fiber reinforced polyoxymethylene will also drive the market expansion.

Europe Market, By Application

The automotive application segment revenue in the Europe polyoxymethylene market will cross USD 570 million by 2028, attributed to the increasing adoption of the product in automobile cabin interiors to offer excellent rigidity, stiffness, and yield strength. Growing application in fuel systems, interior and exterior trims, and small gears will drive the industry outlook.

Europe Market, By Type

The H-POM market will gain an outstanding momentum till 2028, owing to the increasing application spectrum in the automotive and industrial sectors. Homopolymers are employed in different processing technologies, like sheet extrusion, injection molding, film, blow molding, fiber, and thermoforming. They are increasingly preferred over their copolymer counterparts on account of their better mechanical properties.

Competitive Industry Landscape

Some of the leading companies operating in the Europe polyoxymethylene market are BASF SE, Barlog Plastics GmbH, Asahi Kasei Corporation, Polyplastics Group, DuPont, and A. Schulman Inc. These companies are placing persistent efforts on capacity expansions, collaborations, and new product launches for scaled revenues and to meet the increasing end-user requirements.