PUNE, Aug. 9, 2018 /PRNewswire-iReach/
Polyacetal (POM) Strategy Report
This market study describes the global POM market, with focus on major countries and their subsequent demand for different applications. The study covers demand-supply analysis for regions like North America, Western Europe, Central & Eastern Europe, Central & South America, Asia-Pacific and Middle East & Africa and major countries like the U.S., Canada, Mexico, Germany, France, Italy, U.K., Spain, Netherlands, Belgium, Austria, Russia, Poland, Czech Republic, Hungary, Slovenia, Slovakia, Romania, Turkey, China, Japan, India, South Korea, Thailand, Malaysia, Singapore, Taiwan, Indonesia, and Saudi Arabia.
The market is segmented on the basis of end-use which includes automotive, electrical & electronics, industrial, food contact, sporting goods, medical applications and others.
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Top Leading Companies are: Celanese Corporation, DuPont, Polyplastics, Asahi-Kasei, Korea Engineering Plastics, Kolon Plastics, Mitsubishi Engineering Plastics, Ibn Sina, LG Chemical, BASF, Yunnan Yuntianhua, Etc.
The report provides answers to the following key questions:
- How big is the Polyacetal (POM) market?
- How is the market evolving by demand, segment and region?
- What will the market size be in 2025 and at what rate will it grow?
- What trends, challenges and barriers are influencing its growth?
- Historical and future price trends for Polyacetal (POM).
This independent 200 pages report guarantees you will remain better informed than your competition. With over 100 tables and figures examining the Polyacetal (POM) market, the report gives you a visual, one-stop breakdown of the leading products, submarkets and market leader's market revenue forecasts as well as analysis to 2025.
Furthermore, the report provides a detailed analysis of the global Polyacetal (POM) market with analysis of market size by value and volume. Along with this, an analysis of penetration rate and the average revenue generated per user (ARPU) in the market has also been done.
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Global POM capacities in 2016 stood at 1863 kilo tons with over two third of the capacity located in Asia and Europe. Since 2005, less than 825 kilo tons of new capacity have been added, largely in Asia with an increment of 77 kilo tons capacity per year, the installed capacity grew by almost 9.3% per year. POM capacities are slated to increase globally from 1863 kilo tons in 2016 to 2172 kilo tons by 2025 resulting in an average of 1.7% growth in capacity every year. Major new POM capacities will be on-stream by 2020-2025, with over 30 kilo tons of capacity being added each year till 2025. During this period around most of the capacity additions will be in China while around 20 - 30 kilo tons will be in Western Europe.
Historically the average utilization rates from 2005 to 2016 have been over 70% which witnessed a decline in 2009 following onset of global economic recessionary trend. The decline in POM demand has affected the operating rates worldwide, and utilization is likely to fall further to 68% during 2017-2018 with recovery in utilization starting post 2018.
POM demand patterns are dramatically different between various regions and countries. In the areas with mature economies, demand growth for POM is expected to fall well below global averages primarily due to the geographic shift of many manufacturing industries (such as the automotive and electrical & electronics industry) to areas of lower labor costs such as China and India.
The primary driver for the growth in demand of POM in Asia has been the migration of labor intensive downstream conversion industries from developed high labor cost regions like North America and Western Europe, apart from burgeoning population growth and increasing living standards, both of which are driving growth in domestic demand for consumer products also. The strong growth in Automotive, electrical & electronic and Consumer appliances is likely to push the demand growth.
Reasons for Buying this Report
- Polyacetal (POM) report provides pin-point analysis for changing competitive dynamics
- It provides a forward looking perspective on different factors driving or restraining market growth
- It provides a technological growth map over time to understand the industry growth rate
- It provides a five to seven-year forecast assessed on the basis of how the market is predicted to grow
- It helps in understanding the key product segments and their future Outlook.
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