South Korea Medical Polyoxymethylene (pom) Market Size & Outlook
South Korea medical polyoxymethylene (pom) market, 2018-2030 (US$M)
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South Korea medical polyoxymethylene (pom) market highlights
- The South Korea medical polyoxymethylene (pom) market generated a revenue of USD 5.0 million in 2023 and is expected to reach USD 7.8 million by 2030.
- The South Korea market is expected to grow at a CAGR of 6.7% from 2024 to 2030.
- In terms of segment, copolymer pom was the largest revenue generating type in 2023.
- Copolymer POM is the most lucrative type segment registering the fastest growth during the forecast period.
Medical polyoxymethylene (pom) market data book summary
| Market revenue in 2023 | USD 5.0 million |
| Market revenue in 2030 | USD 7.8 million |
| Growth rate | 6.7% (CAGR from 2023 to 2030) |
| Largest segment | Copolymer pom |
| Fastest growing segment | Copolymer POM |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Homopolymer POM, Copolymer POM |
| Key market players worldwide | Dow Inc, Celanese Corp Class A, DuPont de Nemours Inc, Daicel Corp, Asahi Kasei Corp, Mitsubishi Gas Chemical Co Inc, SABIC, Avient Corp, Clariant AG, Jet-Hot, Innovative Plastics, Korea Engineering Plastics Co., China National Bluestar Group, ICD High Performance Coatings |
Other key industry trends
- In terms of revenue, South Korea accounted for 4.2% of the global medical polyoxymethylene (pom) market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China medical polyoxymethylene (pom) market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 16.6 million by 2030.
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Medical Polyoxymethylene (POM) Market Scope
Medical Polyoxymethylene (POM) Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea medical polyoxymethylene (pom) market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to medical polyoxymethylene (pom) market will help companies and investors design strategic landscapes.
Copolymer pom was the largest segment with a revenue share of 64% in 2023. Horizon Databook has segmented the South Korea medical polyoxymethylene (pom) market based on homopolymer pom, copolymer pom covering the revenue growth of each sub-segment from 2018 to 2030.
The aftermath of COVID-19 in South Korea has seen a significant uptick in the country’s medical devices market. The country had an import-driven market before the pandemic, which transformed into an export-driven market due to the impetus provided by the export of diagnostic kits during COVID-19.
Medical device companies are required to register and negotiate prices with the Korean Health Insurance Review and Assessment Service (HIRA) for operating in the local medical devices market. The growth of the local medical devices market has presented the country a major growth opportunity for global medical POM manufacturers.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea medical polyoxymethylene (pom) market , including forecasts for subscribers. This country databook contains high-level insights into South Korea medical polyoxymethylene (pom) market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea medical polyoxymethylene (pom) market size, by type, 2018-2030 (US$M)
South Korea Medical Polyoxymethylene (POM) Market Outlook Share, 2023 & 2030 (US$M)
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