Acetal Copolymers Market: By Type (Low Heat Resistant, Medium Heat Resistant, High Heat Resistant), By Application (Consumer Goods, Electrical and Electronics, Industrial, Construction, Transportation, Others), and Geography

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Acetal Copolymers Market was valued at USD 562.8 Million in 2023 and is poised to grow at a CAGR of 7.5% over 2024-2030.  Acetal copolymers, also referred to as polyoxymethylene (POM) copolymers or just acetal copolymers, are a class of thermoplastic polymer made from the polymerization of formaldehyde, a straightforward organic compound, and they are frequently used in precision parts that need low friction, high stiffness, and excellent dimensional stability. The increased use of acetal copolymer in the automotive industry to manufacture various components like gears, fuel system parts, and interior trim due to their excellent mechanical properties and resistance to chemicals drives the acetal copolymers market.According to ACEA – European Automobile Manufacturers; Association, in 2022, 85.4 million motor automobiles were produced around the world, an increase of 5.7% compared to 2021. Furthermore, the rising application of acetal copolymers in engineering plastics owing of their exceptional mechanical properties, dimensional stability, and resistance to wear and chemicals are anticipated to propel the market growth. The ongoing developments and research on acetal copolymer owing to its potential to replace metal parts in various industries due to their lightweight nature, corrosion resistance, and durability has created opportunities for manufacturers in the industrial machinery and equipment industry for market expansion and to expand its portfolio by new product launches.

Moreover, the development of bio-derived acetal copolymers as an alternative to conventional petroleum-based polymers has become quite popular in the market. In addition, acetal copolymers can now be used in a variety of novel ways owing to the 3D printing revolution. Acetal copolymers are appropriate for additive manufacturing procedures because they can create intricate shapes and working prototypes. However the increased competition due to the emergence of new industries leading to price reduction and the availability of alternatives to acetal copolymer as engineering plastics, including nylon, polypropylene, and polycarbonate may hinder the market growth. However, the increased applications in manufacturing and automobile industries, increased disposable income, industrialization, the emergence of new market players, and increasing investments for launches, mergers and acquisitions by key market players are anticipated to burgeon the market growth during the forecast period.

Acetal Copolymers Market Key Developments:
  • In August 2023, DuPont entered into a definitive agreement to sell an 80.1% ownership interest in the Delrin® acetal homopolymer (H-POM) business1 to TJC LP (TJC) in a transaction valuing the business at $1.8 billion.
  • In March 2022, Dupont expanded its sustainable product line, Delrin Renewable Attributed, by introducing five new grades of polyoxymethylene (POM). Specifically designed for medical purposes, two of the new grades, Delrin RASC655 and Delrin RASC698, offer a reduced environmental impact compared to Dupont's existing POM product range.
  • In June 2019, SIBUR, a Russian petrochemicals company announced that it is collaborating with BASF, a leading chemical company. This collaboration aimed to introduce creative polymer solutions at the PolyLab Research and Development Center in Moscow, SIBUR.

Acetal Copolymers Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

7.5%

Largest Market

North America

Fastest Growing Market

Asia Pacific
Acetal Copolymers Market Dynamics

The market is expected to rise as the demand for high heat resistance acetal copolymers compared to some other engineering plastics is increasing. Low heat-resistant acetal copolymers are widely used due to their excellent mechanical strength, stiffness, dimensional stability, low friction, and chemical resistance, despite having a relatively lower heat deflection temperature (HDT) than materials like polyamide (nylon) or polyphenylene sulfide (PPS). Acetal copolymers are chosen when the application calls for a certain set of qualities, such as mechanical performance, chemical resistance, and minimal moisture absorption. Furthermore, the low heat resistant acetal copolymer is used in the manufacturing of various consumer goods, including toys, household appliances, and sports equipment.

Key Features of the Reports

  • The acetal copolymer market report provides granular level information about the market size, regional market share, historic market (2019-2022) and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario

Acetal Copolymers Market Segmentation

By Type
  • Low Heat Resistant
  • Medium Heat Resistant
  • High Heat Resistant
By Application
  • Consumer Goods
  • Electronics
  • Industrial
  • Automotive
  • Food & Packaging
  • Others
By Geography
  • North America
  • Europe
  • The Asia Pacific
  • Latin America
  • MEA
  • Rest of MEA

Frequently Asked Questions

The acetal copolymer market valued at USD 562.8 million in 2022 and is expected to grow at 7.5% CAGR over the forecast period 2023 – 2029.

The increased use of acetal copolymer in the automotive industry to manufacture various components like gears, fuel system parts, and interior trim due to their excellent mechanical properties and resistance to chemicals drives the acetal copolymers market.

Quadrant Engineering Plastics Products, Asahi Kasei, Beijing Ranger Chemical Co., DuPont, McNeal Enterprises, Polymer Technology and Services (PTS), Badische Anilin- und Soda-Fabrik (BASF SE), Celanese, Blackwell Plastics, Albis Plastics, RTP Company, and TriStar are a few companies operating in acetal copolymer market.

Asia Pacific dominates the market in 2022 and is anticipated to grow with 7.8% CAGR over the forecast period 2023-2029.

1.Executive Summary
2.Global Acetal Copolymers Market Introduction 
2.1.Global Acetal Copolymers Market  - Taxonomy
2.2.Global Acetal Copolymers Market  - Definitions
2.2.1.Type
2.2.2.Application
2.2.3.Region
3.Global Acetal Copolymers Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4.Global Acetal Copolymers Market Analysis, 2019 - 2023 and Forecast 2024 - 2030
4.1.  Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5.Global Acetal Copolymers Market  By Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
5.1. Low Heat Resistant
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Medium Heat Resistant
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
5.3. High Heat Resistant
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.3.3. Market Opportunity Analysis 
6.Global Acetal Copolymers Market  By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
6.1. Consumer Goods
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Electronics
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Industrial
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
6.4. Automotive
6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.4.3. Market Opportunity Analysis 
6.5. Food & Packaging
6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.5.3. Market Opportunity Analysis 
6.6. Others
6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.6.3. Market Opportunity Analysis 
7.Global Acetal Copolymers Market  By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
7.1. North America
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Europe
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Asia Pacific (APAC)
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
7.4. Middle East and Africa (MEA)
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.4.3. Market Opportunity Analysis 
7.5. Latin America
7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.5.3. Market Opportunity Analysis 
8.North America Acetal Copolymers Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
8.1. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.1.1.Low Heat Resistant
8.1.2.Medium Heat Resistant
8.1.3.High Heat Resistant
8.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.2.1.Consumer Goods
8.2.2.Electronics
8.2.3.Industrial
8.2.4.Automotive
8.2.5.Food & Packaging
8.2.6.Others
8.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.3.1.United States of America (USA)
8.3.2.Canada
9.Europe Acetal Copolymers Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
9.1. Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.Low Heat Resistant
9.1.2.Medium Heat Resistant
9.1.3.High Heat Resistant
9.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.Consumer Goods
9.2.2.Electronics
9.2.3.Industrial
9.2.4.Automotive
9.2.5.Food & Packaging
9.2.6.Others
9.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1.Germany
9.3.2.France
9.3.3.Italy
9.3.4.United Kingdom (UK)
9.3.5.Spain
10.Asia Pacific (APAC) Acetal Copolymers Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
10.1. Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Low Heat Resistant
10.1.2.Medium Heat Resistant
10.1.3.High Heat Resistant
10.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Consumer Goods
10.2.2.Electronics
10.2.3.Industrial
10.2.4.Automotive
10.2.5.Food & Packaging
10.2.6.Others
10.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.China
10.3.2.India
10.3.3.Australia and New Zealand (ANZ)
10.3.4.Japan
10.3.5.Rest of APAC
11.Middle East and Africa (MEA) Acetal Copolymers Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
11.1. Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Low Heat Resistant
11.1.2.Medium Heat Resistant
11.1.3.High Heat Resistant
11.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Consumer Goods
11.2.2.Electronics
11.2.3.Industrial
11.2.4.Automotive
11.2.5.Food & Packaging
11.2.6.Others
11.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.GCC Countries
11.3.2.South Africa
11.3.3.Rest of MEA
12.Latin America Acetal Copolymers Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
12.1. Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Low Heat Resistant
12.1.2.Medium Heat Resistant
12.1.3.High Heat Resistant
12.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Consumer Goods
12.2.2.Electronics
12.2.3.Industrial
12.2.4.Automotive
12.2.5.Food & Packaging
12.2.6.Others
12.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Brazil
12.3.2.Mexico
12.3.3.Rest of LA
13. Competition Landscape
13.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
13.2.1.Quadrant Engineering Plastics Products
13.2.2.Asahi Kasei
13.2.3.Beijing Ranger Chemical Co.
13.2.4.DuPont
13.2.5.McNeal Enterprises
13.2.6.Polymer Technology and Services (PTS)
13.2.7.Badische Anilin- und Soda-Fabrik (BASF SE)
13.2.8.Celanese
13.2.9.Blackwell Plastics
13.2.10.Albis Plastics
13.2.11.RTP Company
13.2.12.TriStar
14. Research Methodology 
15. Appendix and Abbreviations 
  • Quadrant Engineering Plastics Products
  • Asahi Kasei
  • Beijing Ranger Chemical Co.
  • DuPont
  • McNeal Enterprises
  • Polymer Technology and Services (PTS)
  • Badische Anilin- und Soda-Fabrik (BASF SE)
  • Celanese
  • Blackwell Plastics
  • Albis Plastics
  • RTP Company
  • TriStar

Adjacent Markets