Medical Polyoxymethylene (POM) Market Size & Share, by Type (Homopolymer, Copolymer); Grade (Standard, Weather Resistant, Low VOC); Application [Drug Delivery System (Inhalers, Insulin Pens, Hose Clamp/Clip, Stop Cock/Manifold), Medical Devices (Dialysis Machine, Handles for Surgical Instruments, Skin stretchers, Male Circumcision Device)] - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2022-2031

  • Report ID: 4680
  • Published Date: Jan 18, 2023
  • Report Format: PDF, PPT
  1. Introduction
    1. Market Definition
    2. Market Segmentation
    3. Product Overview
  2. Assumptions and Acronyms
  3. Research Methodology
    1. Research Process
    2. Primary Research
      1. Medical Polyoxymethylene Manufacturers
      2. Distributors/Suppliers
      3. End Users
    3. Secondary Research
    4. Market Size Estimation
  4. Analyst Review
  5. Executive Summary
    1. Market Size and Forecast
    2. Competitive Landscape
    3. Market Dynamics
    4. Regional Opportunity Analysis
  6. Market Dynamics
    1. Drivers
    2. Challenges
    3. Trends
    4. Opportunities
  7. Industry Risk Analysis
  8. Regulatory & Standard Landscape
  9. World Economic Outlook: Challenges for Global Recovery and its Impact on Global Medical Polyoxymethylene Market
    1. Ukraine-Russia crisis
    2. Potential US economic slowdown
  10. Impact of COVID-19 on Global Medical Polyoxymethylene Market
  11. Industry Growth Outlook
  12. Patent Analysis
  13. Industry Supply Chain Analysis
  14. Regional Demand Analysis
  15. Product Feature Analysis
  16. Competitive Landscape
    1. Market Share Analysis of Major Players (%), 2021
    2. Competitive Positioning
    3. BASF SE.
      1. Detailed Overview
      2.   Assessment of Key Offering
      3.   Analysis of Growth Strategies
      4.   Exhaustive Analysis on Key Financial Indicators
      5.   Recent Developments
    4. Celanese Corporation
    5. Polyplastics Co. Ltd
    6. DuPont de Nemours Inc
    7. Ensinger
    8. Korea Engineering Plastics Co. Ltd
    9. Mitsubishi Chemical Corporation
    10. Westlake Plastics Company
    11. Asahi Kasei Corporation
    12. PolyOne Corporation
  17. Global Medical Polyoxymethylene Market Outlook
    1. Market Overview
    2. By Value (USD million)
    3. By Volume (Kilo tons)
    4. By Type
      1. Homopolymer, 2021-2031F (USD million) & (Kilo tons)
      2. Copolymer, 2021-2031F (USD million) & (Kilo tons)
    5. By Grade
      1. Standard, 2021-2031F (USD million) & (Kilo tons)
      2. Weather Resistant, 2021-2031F (USD million) & (Kilo tons)
      3. Low VOC, 2021-2031F (USD million) & (Kilo tons)
      4. Reinforced, 2021-2031F (USD million) & (Kilo tons)
      5. Special Grade, 2021-2031F (USD million) & (Kilo tons)
      6. Others, 2021-2031F (USD million) & (Kilo tons)
    6. By Application
      1. Drug Delivery Systems, 2021-2031F (USD million) & (Kilo tons)
        1. Inhalers, 2021-2031F (USD million) & (Kilo tons)
        2. Insulin Pens, 2021-2031F (USD million) & (Kilo tons)
        3. Hose Clamp/Clip, 2021-2031F (USD million) & (Kilo tons)
        4. Stop Cock/Manifold, 2021-2031F (USD million) & (Kilo tons)
        5. Others, 2021-2031F (USD million) & (Kilo tons)
      2. Medical Devices, 2021-2031F (USD million) & (Kilo tons)
        1. Dialysis Machine, 2021-2031F (USD million) & (Kilo tons)
        2. Handles for Surgical Instruments, 2021-2031F (USD million) & (Kilo tons)
        3. Skin Stretchers, 2021-2031F (USD million) & (Kilo tons)
        4. Male Circumcision Device, 2021-2031F (USD million) & (Kilo tons)
        5. Cruciate Ligament Operation Device, 2021-2031F (USD million) & (Kilo tons)
        6. Infusion Pump and Rack System, 2021-2031F (USD million) & (Kilo tons)
        7. Others, 2021-2031F (USD million) & (Kilo tons)
    7. Global Medical Polyoxymethylene Market by Region
      1. North America, 2021-2031F (USD million) & (Kilo tons)
      2. Europe, 2021-2031F (USD million) & (Kilo tons)
      3. Asia-Pacific, 2021-2031F (USD million) & (Kilo tons)
      4. Latin America, 2021-2031F (USD million) & (Kilo tons)
      5. Middle East & Africa, 2021-2031F (USD million) & (Kilo tons)
  18. North America Medical Polyoxymethylene Market Outlook
    1. Market Overview
    2. By Value (USD million)
    3. By Volume (Kilo tons)
    4. By Type
      1. Homopolymer, 2021-2031F (USD million) & (Kilo tons)
      2. Copolymer, 2021-2031F (USD million) & (Kilo tons)
    5. By Grade
      1. Standard, 2021-2031F (USD million) & (Kilo tons)
      2. Weather Resistant, 2021-2031F (USD million) & (Kilo tons)
      3. Low VOC, 2021-2031F (USD million) & (Kilo tons)
      4. Reinforced, 2021-2031F (USD million) & (Kilo tons)
      5. Special Grade, 2021-2031F (USD million) & (Kilo tons)
      6. Others, 2021-2031F (USD million) & (Kilo tons)
    6. By Application
      1. Drug Delivery Systems, 2021-2031F (USD million) & (Kilo tons)
        1. Inhalers, 2021-2031F (USD million) & (Kilo tons)
        2. Insulin Pens, 2021-2031F (USD million) & (Kilo tons)
        3. Hose Clamp/Clip, 2021-2031F (USD million) & (Kilo tons)
        4. Stop Cock/Manifold, 2021-2031F (USD million) & (Kilo tons)
        5. Others, 2021-2031F (USD million) & (Kilo tons)
      2. Medical Devices, 2021-2031F (USD million) & (Kilo tons)
        1. Dialysis Machine, 2021-2031F (USD million) & (Kilo tons)
        2. Handles for Surgical Instruments, 2021-2031F (USD million) & (Kilo tons)
        3. Skin Stretchers, 2021-2031F (USD million) & (Kilo tons)
        4. Male Circumcision Device, 2021-2031F (USD million) & (Kilo tons)
        5. Cruciate Ligament Operation Device, 2021-2031F (USD million) & (Kilo tons)
        6. Infusion Pump and Rack System, 2021-2031F (USD million) & (Kilo tons)
        7. Others, 2021-2031F (USD million) & (Kilo tons)
    7. By Country
      1. United States
      2. Canada
  19. Europe Medical Polyoxymethylene Market Outlook
    1. Market Overview
    2. By Value (USD million)
    3. By Volume (Kilo tons)
    4. By Type
      1. Homopolymer, 2021-2031F (USD million) & (Kilo tons)
      2. Copolymer, 2021-2031F (USD million) & (Kilo tons)
    5. By Grade
      1. Standard, 2021-2031F (USD million) & (Kilo tons)
      2. Weather Resistant, 2021-2031F (USD million) & (Kilo tons)
      3. Low VOC, 2021-2031F (USD million) & (Kilo tons)
      4. Reinforced, 2021-2031F (USD million) & (Kilo tons)
      5. Special Grade, 2021-2031F (USD million) & (Kilo tons)
      6. Others, 2021-2031F (USD million) & (Kilo tons)
    6. By Application
      1. Drug Delivery Systems, 2021-2031F (USD million) & (Kilo tons)
        1. Inhalers, 2021-2031F (USD million) & (Kilo tons)
        2. Insulin Pens, 2021-2031F (USD million) & (Kilo tons)
        3. Hose Clamp/Clip, 2021-2031F (USD million) & (Kilo tons)
        4. Stop Cock/Manifold, 2021-2031F (USD million) & (Kilo tons)
        5. Others, 2021-2031F (USD million) & (Kilo tons)
      2. Medical Devices, 2021-2031F (USD million) & (Kilo tons)
        1. Dialysis Machine, 2021-2031F (USD million) & (Kilo tons)
        2. Handles for Surgical Instruments, 2021-2031F (USD million) & (Kilo tons)
        3. Skin Stretchers, 2021-2031F (USD million) & (Kilo tons)
        4. Male Circumcision Device, 2021-2031F (USD million) & (Kilo tons)
        5. Cruciate Ligament Operation Device, 2021-2031F (USD million) & (Kilo tons)
        6. Infusion Pump and Rack System, 2021-2031F (USD million) & (Kilo tons)
        7. Others, 2021-2031F (USD million) & (Kilo tons)
    7. By Country
      1. United Kingdom
      2. Germany
      3. France
      4. Italy
      5. Spain
      6. Russia
      7. Netherlands
      8. Rest of Europe
  20. Asia Pacific Medical Polyoxymethylene Market Outlook
    1. Market Overview
    2. By Value (USD million)
    3. By Volume (Kilo tons)
    4. By Type
      1. Homopolymer, 2021-2031F (USD million) & (Kilo tons)
      2. Copolymer, 2021-2031F (USD million) & (Kilo tons)
    5. By Grade
      1. Standard, 2021-2031F (USD million) & (Kilo tons)
      2. Weather Resistant, 2021-2031F (USD million) & (Kilo tons)
      3. Low VOC, 2021-2031F (USD million) & (Kilo tons)
      4. Reinforced, 2021-2031F (USD million) & (Kilo tons)
      5. Special Grade, 2021-2031F (USD million) & (Kilo tons)
      6. Others, 2021-2031F (USD million) & (Kilo tons)
    6. By Application
      1. Drug Delivery Systems, 2021-2031F (USD million) & (Kilo tons)
        1. Inhalers, 2021-2031F (USD million) & (Kilo tons)
        2. Insulin Pens, 2021-2031F (USD million) & (Kilo tons)
        3. Hose Clamp/Clip, 2021-2031F (USD million) & (Kilo tons)
        4. Stop Cock/Manifold, 2021-2031F (USD million) & (Kilo tons)
        5. Others, 2021-2031F (USD million) & (Kilo tons)
      2. Medical Devices, 2021-2031F (USD million) & (Kilo tons)
        1. Dialysis Machine, 2021-2031F (USD million) & (Kilo tons)
        2. Handles for Surgical Instruments, 2021-2031F (USD million) & (Kilo tons)
        3. Skin Stretchers, 2021-2031F (USD million) & (Kilo tons)
        4. Male Circumcision Device, 2021-2031F (USD million) & (Kilo tons)
        5. Cruciate Ligament Operation Device, 2021-2031F (USD million) & (Kilo tons)
        6. Infusion Pump and Rack System, 2021-2031F (USD million) & (Kilo tons)
        7. Others, 2021-2031F (USD million) & (Kilo tons)
    7. By Country
      1. Australia
      2. Japan
      3. Singapore
      4. South Korea
      5. India
      6. China
      7. Rest of Asia Pacific
  21. Latin America Medical Polyoxymethylene Market Outlook
    1. Market Overview
    2. By Value (USD million)
    3. By Volume (Kilo tons)
    4. By Type
      1. Homopolymer, 2021-2031F (USD million) & (Kilo tons)
      2. Copolymer, 2021-2031F (USD million) & (Kilo tons)
    5. By Grade
      1. Standard, 2021-2031F (USD million) & (Kilo tons)
      2. Weather Resistant, 2021-2031F (USD million) & (Kilo tons)
      3. Low VOC, 2021-2031F (USD million) & (Kilo tons)
      4. Reinforced, 2021-2031F (USD million) & (Kilo tons)
      5. Special Grade, 2021-2031F (USD million) & (Kilo tons)
      6. Others, 2021-2031F (USD million) & (Kilo tons)
    6. By Application
      1. Drug Delivery Systems, 2021-2031F (USD million) & (Kilo tons)
        1. Inhalers, 2021-2031F (USD million) & (Kilo tons)
        2. Insulin Pens, 2021-2031F (USD million) & (Kilo tons)
        3. Hose Clamp/Clip, 2021-2031F (USD million) & (Kilo tons)
        4. Stop Cock/Manifold, 2021-2031F (USD million) & (Kilo tons)
        5. Others, 2021-2031F (USD million) & (Kilo tons)
      2. Medical Devices, 2021-2031F (USD million) & (Kilo tons)
        1. Dialysis Machine, 2021-2031F (USD million) & (Kilo tons)
        2. Handles for Surgical Instruments, 2021-2031F (USD million) & (Kilo tons)
        3. Skin Stretchers, 2021-2031F (USD million) & (Kilo tons)
        4. Male Circumcision Device, 2021-2031F (USD million) & (Kilo tons)
        5. Cruciate Ligament Operation Device, 2021-2031F (USD million) & (Kilo tons)
        6. Infusion Pump and Rack System, 2021-2031F (USD million) & (Kilo tons)
        7. Others, 2021-2031F (USD million) & (Kilo tons)
    7. By Country
      1. Mexico
      2. Argentina
      3. Brazil
      4. Rest of Latin America
  22. Middle East and Africa Medical Polyoxymethylene Market Outlook
    1. Market Overview
    2. By Value (USD million)
    3. By Volume (Kilo tons)
    4. By Type
      1. Homopolymer, 2021-2031F (USD million) & (Kilo tons)
      2. Copolymer, 2021-2031F (USD million) & (Kilo tons)
    5. By Grade
      1. Standard, 2021-2031F (USD million) & (Kilo tons)
      2. Weather Resistant, 2021-2031F (USD million) & (Kilo tons)
      3. Low VOC, 2021-2031F (USD million) & (Kilo tons)
      4. Reinforced, 2021-2031F (USD million) & (Kilo tons)
      5. Special Grade, 2021-2031F (USD million) & (Kilo tons)
      6. Others, 2021-2031F (USD million) & (Kilo tons)
    6. By Application
      1. Drug Delivery Systems, 2021-2031F (USD million) & (Kilo tons)
        1. Inhalers, 2021-2031F (USD million) & (Kilo tons)
        2. Insulin Pens, 2021-2031F (USD million) & (Kilo tons)
        3. Hose Clamp/Clip, 2021-2031F (USD million) & (Kilo tons)
        4. Stop Cock/Manifold, 2021-2031F (USD million) & (Kilo tons)
        5. Others, 2021-2031F (USD million) & (Kilo tons)
      2. Medical Devices, 2021-2031F (USD million) & (Kilo tons)
        1. Dialysis Machine, 2021-2031F (USD million) & (Kilo tons)
        2. Handles for Surgical Instruments, 2021-2031F (USD million) & (Kilo tons)
        3. Skin Stretchers, 2021-2031F (USD million) & (Kilo tons)
        4. Male Circumcision Device, 2021-2031F (USD million) & (Kilo tons)
        5. Cruciate Ligament Operation Device, 2021-2031F (USD million) & (Kilo tons)
        6. Infusion Pump and Rack System, 2021-2031F (USD million) & (Kilo tons)
        7. Others, 2021-2031F (USD million) & (Kilo tons)
    7. By Country
      1. GCC
      2. Israel
      3. South Africa
      4. Rest of Middle East & Africa

 

Global Market Size, Forecast, and Trend Highlights Over 2022-2031

Medical Polyoxymethylene (POM) Market size is anticipated to reach USD 147.77 Billion by the end of 2031, growing at a CAGR of 6.40% during the forecast period, i.e., 2022-2031. In the year 2021, the industry size of medical polyoxymethylene was USD 79.81 Million. The growth can be attribute to rise in prevalence of diabetes all around the world. A total of 537 million individuals (20-79 years old) worldwide has diabetes. By 2030, there would be 643 million diabetics worldwide, and by 2045, there would be 783 million, according to the international diabetes federation. Hence owing to this, the demand for insulin pen treatment is expected to increase. For instance, in the United States, there were 27, 860,691 visits for insulin treatment between 2016 and 2020. Treatment visits with insulin pens grew from 36.1% in 2016 to 58.7% in 2020.

Further, there has been growth in medical industry which is also estimated to boost the growth of the market. This growth in medical industry is further booming demand for healthcare and medical devices. Additionally, POM has a significant history in the medical industry, notably as an implantable substance. The use of polyoxymethylene in tissue engineering is made possible by its properties, including excellent dimensional stability and thermal stability that enable steam sterilization. This is anticipated to influence the market potential for the expansion of the global medical polyoxymethylene market. Moreover, POM is an appropriate material for tissue culture since it significantly inhibited hematopoietic stem cells' ability to grow and form colonies, whether it was used as a growth substrate or as a medium-wetted component. Consequently, this is expected to create a huge opportunity for the market for medical polyoxymethylene to expand.


Medical Polyoxymethylene Market
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Medical Polyoxymethylene Sector: Growth Drivers and Challenges Growth Drivers

Growth Drivers

  • Growing Prevalence of Hospital Care-Associated Infections (HCAIs) - In developed countries, seven patients out of every 100 hospitalized patients and ten patients out of every 100 patients in developing nations contract an HCAI. 10 Additional research from high-income nations revealed that 5%-15% of hospitalized patients develop HCAIs, which could influence patients confined to intensive care units by 9% to 37%. Hospital-associated infections (HCAIs) may arise as a direct result of medical or surgical treatment or indirectly from contact with a healthcare environment. Up to 20% of all surgical patients experience a serious infection at the surgical site or wound. Hence the use of polyyoxymethylene medical instruments are expected to have huge demand in the medical polyoxymethylene (POM) market. 
  • Rise in Use of Pen Insulin - In the US, the use of insulin pens climbed to 59% between June 2020 and June 2021, while it was predicted to reach 93.6% in Europe, according to an IQVIA® analysis.
  • Surge in Investment in Medical Devices Industry - Foreign investments in the medical equipment sector surged 98% year over year in FY20, from USD 151.87 million to USD 301.01 million.
  • Significant Growth in the Cases of Cardiovascular Disease - According to the World Health Organization, estimation, 17.9 million deaths worldwide in 2019 were attributable to CVDs, or 32% of all fatalities. Heart attack and stroke deaths accounted for 85% of these fatalities.
  • Advancements in Technology - The Mitsubishi Engineering-Plastics Corporation's Iupital 05 Series is a new polyacetal that reduces the formation of formaldehyde. Formaldehyde odors, which are a problem in molding and subsequent processing, would be eliminated by the Iupital 05 Series, which is made to enhance working conditions.

Challenges

  • Availability of Substitutes - It is projected that the development of new plastics appropriate for medical devices, such as PEEK and PC, would hamper the growth of the market under consideration. Some manufacturers, such as Ensinger, prefer to employ polyphenylsulfone (PPSU) and polyetheretherketone (PEEK), which offer somewhat higher performance levels, for use in medical devices owing to their superior physical, chemical, and biocompatible qualities. Therefore, the presence of alternatives hinders market expansion.
  • Frequent Changes in Price of Raw Material
  • Strict Regulation in Order to Protect Environment from the Harmful Thermoplastics

Medical Polyoxymethylene Market: Key Insights

Base Year 

2021

Forecast Year 

2022-2031

CAGR 

6.40%

Base Year Market Size (2021) 

USD 79.81 Million

Forecast Year Market Size (2031) 

USD 147.77 Million

Regional Scope 

  • North America (U.S., and Canada) 
  • Latin America (Mexico, Argentina, Rest of Latin America) 
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) 
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) 
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of Middle East and Africa) 
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Medical Polyoxymethylene Segmentation

Application [Drug Delivery System (Inhalers, Insulin Pens, Hose Clamp/Clip, Stop Cock/Manifold), Medical Devices (Dialysis Machine, Handles for Surgical Instruments, Skin stretchers, Male Circumcision Device)]

The global medical polyoxymethylene (POM) market is segmented and analyzed for demand and supply by application into drug delivery system, and medical devices. Out of which, the medical devices segment is anticipated to garner the largest revenue by the end of 2031. Further, the medical devices segment is sub-segmented into dialysis machine, skin stretchers, male circumcision device, cruciate ligament operation device, infusion pump and rack system, and others. Out of these, the skin stretchers segment is anticipated to grow with the highest CAGR of 6.78% over the forecast period. However, the dialysis machine sub-segment is expected to garner the second highest revenue of USD 14.80 million by the end of 2031, up from a revenue of USD 7.74 million in the year 2021. The growth of the segment can be attributed to the rising cases of kidney malfunctioning and related diseases. Nearly 786,000 Americans have end-stage renal disease (ESRD), with about 70% receiving dialysis and 30% receiving a kidney transplant, according to a research from the National Institute of Diabetes and Digestive and Kidney Diseases. Between 2008 and 2018, the number of patients receiving home dialysis doubled. Hence this growth in kidney malfunctioning is expected to boost the use of dialysis machine. Since, various top manufacturers employ polyoxymethylene as an appropriate raw material for making dialysis machines as it provides important attributes such as high mechanical strength and stiffness, outstanding dimensional stability and more, this segment is expected to boost the market growth. However, the drug delivery system segment is expected to grow with a highest CAGR of 6.55% over the forecast period.

Grade (Standard, Weather Resistant, Low VOC, Reinforced, Special Grade)

The global medical polyoxymethylene (POM) market is also segmented and analyzed for demand and supply by grade into standard, weather resistant, low VOC, reinforced, special grade, and others. Amongst these segments, the standard segment is anticipated to hold the second largest revenue of USD 36.60 Million by the end of 2031, up from a revenue of USD 19.08 Million in the year 2021. However, weather resistant segment is anticipated to grow at a highest CAGR of 7.03% over the forecast period, backed by growth in number of surgeries which is further boosting demand for surgical instruments. Many reusable surgical instruments are sterilized using heat, which calls for a polymer with weather-resistant qualities to endure such high temperatures. The weather-resistant grade gives polymeric materials the ability to survive the activities of extreme ambient agents (solar radiation, heat, oxygen, moisture, industrial gases, and so on) without substantial shift in their exterior form and functional capabilities (mechanical, dielectric, and others). Hence, these advantages are provided by polyoxymethylene copolymers.

Our in-depth analysis of the global market includes the following segments:

        By Type

  • Homopolymer 
  • Copolymer  

        By Grade

  • Standard 
  • Weather Resistant 
  • Low VOC 
  • Reinforced 
  • Special Grade 
  • Others  

         By Application

  • Drug Delivery System  
  • Inhalers 
  • Insulin Pens 
  • Hose Clamp/Clip 
  • Stop Cock/Manifold 
  • Others  
  • Medical Devices 
    •  Dialysis Machine
    • Handles for Surgical Instruments
    • Skin Stretchers
    • Male Circumcision Device
    • Cruciate Ligament Operation Device
    • Infusion Pump and Rack System
    • Others 

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Medical Polyoxymethylene Industry - Regional Synopsis

APAC Market Statistics

The Asia Pacific medical polyoxymethylene (POM) market, amongst the market in all the other regions, is projected to hold the largest market revenue of USD 56.03 million by the end of 2031, growing at a highest CAGR of 6.73% over the forecast period. Moreover, in the year 2021, the market in this region garnered a revenue of USD 29.31 million. The growth of the market in this region can be attributed to upsurge in industrialization, and expanding healthcare sector. Further, growing prevalence of diabetes is also estimated to boost the market growth in this region. For instance, India has about 16% of all diabetes patients worldwide, earning it the moniker "Diabetes Capital of the World." India has close to 70 million diabetics in 2022, and by the year 2045, that figure is projected to rise to about 134 million.

Research Nester
Medical Polyoxymethylene Market Size
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Companies Dominating the Medical Polyoxymethylene Market

top-features-companies
    • BASF SE
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Celanese Corporation,
    • Polyplastics Co. Ltd,
    • DuPont de Nemours Inc,
    • Ensinger, Korea Engineering Plastics Co. Ltd,
    • Mitsubishi Chemical Corporation,
    • Westlake Plastics Company,
    • Asahi Kasei Corporation,
    • PolyOne Corporation

In the News

  •  Previously reported in December 2020, Korea Engineering Plastics Co. (KEP), a joint venture held equally by Celanese Corporation and Mitsubishi Gas Chemical Firm, Inc. (MGC), has undergone the restructuring Celanese Corporation, a worldwide chemical and specialty materials company, has declared is complete.

  • Mitsubishi Chemical Corporation said that it has chosen to raise the yearly manufacturing capacity of SoarnoL ethylene vinyl alcohol copolymer (EVOH) resin at its consolidated subsidiary Noltex L.LC by 3,000 tonnes to 41,000 tonnes.

Author Credits:  Radhika Pawar


  • Report ID: 4680
  • Published Date: Jan 18, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The major factors driving the growth of the market are growing prevalence of hospital care-associated infections (HCAIs), rise in use of pen insulin, surge in investment in medical devices industry, and others.

The market is anticipated to attain a CAGR of 6.40% over the forecast period, i.e., 2022-2031.

trict regulation in order to protect environment from the harmful thermoplastics, availability of substitutes, and changes in price of raw material are some of the major factors estimated to hinder the growth of the market.

The market in Asia Pacific is projected to hold the largest market share by the end of 2031 and provide more business opportunities in the future.

The major players in the market are BASF SE., Celanese Corporation, Polyplastics Co. Ltd, and more.

The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by type, grade, application, and by region.

The medical devices segment is anticipated to garner the largest market size by the end of 2031 and display significant growth opportunities.
Medical Polyoxymethylene Market Report Scope
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