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GLOBAL POLYACETAL MARKET, Incredible Possibilities and Industry Growth 2005-2025

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.

FOR MORE REPORT :- https://prismaneconsulting.com/reports