Medical polyoxymethylene (POM) is a non-toxic material and can be formulated in different colors, which makes it popular among medical device manufacturers. Moreover, it is easily moldable and molded into shape by injection or extrusion methods. It is a cost-effective material that is widely used in the manufacture of various medical devices and equipment. The increasing population with diabetes, coupled with the growing awareness about the use of this polymer in medical equipment is driving growth of medical polyoxymethylene (POM) market.
Market expansion will be fueled by rising demand for drug contact and delivery applications. Due to ongoing innovation in the market for medicine delivery systems, the medical POM sector is expanding. POM is a common medical plastic used in the manufacture of many different medical devices, including intraocular lenses, bone cement, cranial implants, and so on. Strongly elastomeric in nature, this material may be stretched and then compressed back into its original form. It is a well-liked substance for making prosthesis since it is inexpensive to create and reusable, which lowers production costs. Growth in the medical POM market will be fueled by the expanding medical device sector.
From 2023 to 2030, there is expected to be a compound annual growth rate (CAGR) of 3.37% for the global Medical Polyoxymethylene (POM) Market.
Top Companies in the Medical Polyoxymethylene Industry:
1. BASF SE
BASF SE is a European multinational corporation that is the world's largest chemical producer. It was established in 1865 and has its headquarters in Ludwigshafen, Germany. It is present in over 80 countries. By changing its European direct business for Ultraform® (POM) in June 2023, BASF will transfer the sales process to its long-standing, dependable business partners, ALBIS and Ultrapolymers Group, with effect from October 1, 2023. As it is, Ultraform® is a crucial component of BASF's engineering plastics line. By retaining Ultraform® R&D in-house, BASF can continue to provide its customers the benefits of its innovations and in-depth expertise, particularly when it comes to solving technical problems.
2. Celanese Corporation
Celanese Corporation was established in 1918 and has its headquarters in New York, USA. It has operations in 11 nations. At Medtec China 2023 in Suzhou, China, in June 2023, Celanese Corporation, a multinational speciality materials and chemical company, displayed an expanded array of polymer solutions for the healthcare market. In addition to its wide, tried-and-trued selection of medical plastics, Celanese also offers Zytel® Resin, Hytrel® TPC, Crastin® PBT, and MicromaxTM Electronic Inks and Paste. This is the result of the 2022 acquisition of the majority of DuPont's Mobility & Materials (M&M) division.
3. Daicel Corporation (Polyplastics Co. Ltd)
Daicel Corporation (Polyplastics Co. Ltd) was founded in 1964 and headquartered in Minato-ku Tokyo. It operates globally. In June 2023, Polyplastics will launch the medical-grade DURACON® POM PM Series on a global scale. Medical device producers and consumers desire reliable suppliers for high-quality materials. For many years, TOPAS® COC (cyclic olefin copolymer) of the highest purity has been made available by Polyplastics to the medical and healthcare industries. The largest POM manufacturer in the world, Polyplastics, has expanded its medical grade product line with the addition of the DURACON® POM PM Series and anticipates expanding its material supply to the medical and healthcare sectors.
4. DuPont de Nemours Inc.
DuPont de Nemours Inc. was founded in 1897 and headquartered in Wilmington, Delaware. It operates in 90 countries.
5. Ensinger
Ensinger was founded in and 1966 headquartered in Nufringen, Germany. It operates in 10 countries. In January 2019, Nufringen-based plastics processor Ensinger GmbH purchased Moll Engineering GmbH, a producer of medical technology. The owner-operated company with its headquarters in Lübeck manufactures goods using titanium, stainless steel, and high-performance plastics reinforced with carbon fiber.
6. Korea Engineering Plastics Co. Ltd
Korea Engineering Plastics Co. Ltd was founded in 1987 and headquartered in Seoul, South Korea. It operates in USA, Germany and China.
7. Mitsubishi Chemical Corporation
Mitsubishi Chemical Corporation was founded in 2005 and headquartered in
Tokyo, Japan. It operates in 32 different countries worldwide. In May 2021, -Mitsubishi Engineering-Plastics Corporation (MEP), a world pioneer in high-performance polyacetal materials, will launch the Iupital MA Series, a new polyacetal resin (POM) that meets medical standards. The MA series comes in a variety of normal, high-flow, high-rigidity, and low-friction grades, allowing for greater design flexibility in medical devices and equipment that are growing smaller and lighter.
8. Westlake Plastics Company
Westlake Plastics Company was founded in 1986 and headquartered in Texas, U.S. It operates in the U.S. In October 2022, Westlake Plastics attended the K-Show 2022 in Dusseldorf, Germany. For more than 70 years, Westlake Plastics has promoted success through innovation and teamwork. Our ability to assess a customer's project and then tailor a solution to best meet their demands gives us great joy. We are happy to inform that at this year's K-Show, we will be offering a variety of new innovative product options.
*Definition: Polyoxymethylene is a cost-effective and lightweight material, which is widely used in the production of surgical instruments, catheters and infusion pumps.
