The global polyvinyl chloride (PVC) supply/demand balance has improved significantly over the past few years, the result of rationalization during 2015–16, the slowing pace of Chinese expansion, and steady demand growth, according to analysts at IHS Markit.
Europe's plastics industry will be leaning heavily on the polyethylene terephthalate (PET) sector to meet targets set by the European Strategy for Plastics in a Circular Economy, an initiative launched by the European Commission in 2018.
Already struggling with oversupply, the natural rubber industry, which is located mainly in Southeast Asia, now faces a persistent slowdown in the key automotive market.
Interest in circular economy has reached such a pitch that recycling efforts are intensifying even for smaller-volume, higher-value plastics such as polymethyl methacrylate (PMMA).
The tariff war between the US and China has caused a clear shift in polyethylene (PE) trade patterns, with US volumes of high-density and linear-low density polyethylene (HDPE, LLDPE) redirected to markets outside China, and producers in the Middle East and Southeast Asia stepping in to fill the gap.
Lotte Chemical’s recently held official inauguration of an ethane cracker in the US is another milestone on the Gulf Coast’s journey toward an export-driven future.
High-profile partnerships and urgent demand have pushed a handful of chemical-recycling technology providers into the limelight, but many more are waiting in the wings, according to a new study from Closed Loop Partners, an investment firm focused on t he circular economy.
The worldwide plastics market is facing “historic challenges” after a record period of growth, with headwinds developing that could substantially impact the market's future, according to Nick Vafiadis, IHS Markit vice president/plastics.
Global capacity to produce expandable polystyrene (EPS) far exceeds demand. Ten years ago, booming demand sparked a surge in new capacity investment, mainly in China, but the market failed to keep pace.
Several high-profile industry alliances have been launched in the last six months to tackle the increasingly urgent challenge of plastics in the environment, including marine litter.
With demand slowing but supply set to surge, polycarbonate producers are looking at difficult years ahead, say analysts at IHS Markit.
The North American polypropylene (PP) market has been stagnant in recent months, with prices tracking propylene.
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