POM Global Demand-Supply & Forecast
Global POM Demand in 2018 was estimated to be about 1304 kilo tons which has grown at an aggregate rate of 4.5% per annum between 2005 and 2018. Global demand is expected to grow to nearly 1526 kilo tons by 2025. Prismane Consulting estimates the growth rate to be around 3.7% during the long-term forecast till 2030.Utilization rates for POM globally averaged nearly at about 73% between 2005 and 2018. The utilization rates peaked to 87% in 2007 before declining to 70% in 2009 mainly due to decline in demand as well as a result of new production capacities coming on-stream. The demand for POM was affected in 2008-2009 with market contracting by an average of 5.3%, however, the demand recovered steadily after that and reached its pre-recession level by 2010. In 2010, global demand exhibited strong growth, resulting in an improvement in the global utilization rate to 76%.
Key demand drivers for POM have been their application in automotive applications especially, interior applications, electrical & electronics, industrial,and consumer & home appliances. In 2018, automotive applications constituted the largest demand for POM accounting for nearly 31% of the total demand followed by electrical & electronics applications accounting for around 24% of the total demand. Industrial uses accounted for 14% while consumer & home appliances constituted for 17% of the demand. Semi-finished products accounted for almost 5.2% of the demand and all other applications,food contact, medical devices, sporting goods and others constituted about 2-3%each of the total demand.
Global Polyacetal (POM) Market Model (2005 - 2030)
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