# Polyoxymethylene Prices, Trend, News, Monitor, Supply & Demand, Forecast | ChemAnalyst
According to the ChemAnalyst, “In Q4 2023, [[Polyoxymethylene Prices](https://www.chemanalyst.com/Pricing-data/polyoxymethylene-1127)](https://) in North America experienced a bearish market scenario, primarily attributed to an abundance of product supply and the influx of inexpensive imports from China.”
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Polyoxymethylene (POM), commonly known as acetal or polyacetal, is a high-performance engineering thermoplastic used in various industries due to its excellent mechanical properties, high stiffness, low friction, and chemical resistance. POM prices are subject to fluctuations influenced by several factors, including raw material costs, demand-supply dynamics, energy prices, currency fluctuations, and market trends. The primary raw materials for POM production are formaldehyde and acetic acid, whose prices impact the overall cost of manufacturing POM. Fluctuations in the prices of these raw materials, driven by factors such as changes in feedstock prices, supply disruptions, or regulatory developments, directly affect the production cost of POM. Moreover, the demand for POM is influenced by its applications across automotive, electrical and electronics, consumer goods, and industrial sectors. Economic growth, technological advancements, and shifts in consumer preferences drive demand fluctuations, thereby impacting POM prices. Additionally, global market dynamics, trade policies, and geopolitical factors can also influence POM prices by affecting supply chains, import-export activities, and market sentiment. Furthermore, environmental regulations and sustainability concerns increasingly play a significant role in shaping the pricing dynamics of POM as manufacturers strive to adopt eco-friendly production processes and materials, which may entail additional costs. Overall, understanding the intricate interplay of these factors is crucial for stakeholders in the POM industry to navigate price fluctuations effectively and make informed decisions regarding procurement, production, pricing strategies, and market positioning.