GLOBAL POLYACETAL MARKET 2005 Share and Growth Opportunity : Type, Applicati

Posted by Abhijeet More on September 20th, 2019

The Global POM Market Demand in 2017 was estimated to be about 1276 kilotons which have grown by at an aggregate rate of 4.5% per annum between 2005 and2017. Global demand is expected to grow to nearly 1693 kilotons by 2025, with a growth rate of 3.6%

Utilization rates for POM globally averaged nearly at about 73%between 2005 and 2017. The utilization rates peaked to 87% in 2007 before declining to 71% in 2009 mainly due to a decline in demand as well as a result of new production capacities coming on-stream. In our short term forecast to 2020, we expect utilization rates to remain around low 70s.

• Top eleven producers hold about 70% of the global production capacity and with at least fifteen other companies producing smaller quantities.
• The largest producers are of POM copolymers while only two plants produce POM homopolymer.
• Five of the largest eleven POM producers have production facilities in the USA, Western Europe, and Asia.

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