Acetal Copolymers Market Size, Share, Growth, Trends, and Global Industry Analysis: By Type (Low Heat Resistant, Medium Heat Resistant, High Heat Resistant), By Application (Consumer Goods, Electrical and Electronics, Industrial, Construction, Transportation, Others), and Region

Acetal Copolymers Market was valued at US$ 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.