Current market situation and future demand outlook
2022-07-30- Detail
POM market status and future demand outlook
POM market status and future demand outlook
August 16, 2001
last year, in the European market, the strong demand for POM led to a shortage of supply and a sharp increase in imports. According to the statistical analysis of
ticona, the demand for POM in Europe reached 192000 tons in 2000, an increase of 9.8% over the previous year. Fortunately,
during the same period, the demand in the Asia Pacific market slowed down. If the import speed was not specified, it would reduce, thus easing the tight supply and demand of POM in the European market to a certain extent. POM demand in the European market accounts for 30% of the global total demand, and its production capacity is 223000 tons/year. The Asia Pacific
region is the world's largest POM market, accounting for 33% of the total global demand. In recent years, Europe has become a net
importer of POM. The countries and regions exporting to Europe mainly include South Korea, Japan, Taiwan, China, Poland and the United States. Both China and Hong Kong need to import non corrosive media and non strong electromagnetic interference; POM。
2. Market trend analysis
in 2000, due to the rising prices of raw materials and additives, POM manufacturers raised their product prices due to the increase in costs. They said that the current profit margin is very limited, but what needs to be concerned is the long-term interests. At present, due to the drag of the whole economic downturn, POM prices are very unlikely to rise significantly
3. Future market outlook
the development of new materials and the expansion of data application fields generated during the operation of equipment will open up a new market for the industrialization of POM resin. In the next few years, the average annual growth rate of POM resin demand in Europe will be 5%, while it is predicted that the demand in China will be strong, and the growth rate of POM demand will be as high as 6%-7%. The Asia Pacific region will grow at a higher rate of 8%, and its share in the global market will rise from
33% to 37% in 2005, while the share in Japan and Europe will decrease by 3% and 1% respectively
the market share of the Americas remains unchanged at 22%, and the growth rate of the region is expected to be 5.5% per year
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