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Covestro recently launched a new series of polycarbonate (PC) copolymers designed to enhance product strength and durability. These products are particularly suitable for high-performance applications such as electronics and automotive parts. This innovation is expected to open new markets for PC materials ((no title)).
Tupperware announced it will move part of its production from the United States to Mexico to reduce production costs and improve operational efficiency. This move is expected to enhance the company’s competitiveness in the global market ((no title)).
INEOS Styrolution announced the closure of its styrene monomer plant in Sarnia, Ontario, Canada. The company stated that this decision is aimed at optimizing its global production network and improving overall operational efficiency ((no title)).
Rohm plans to expand its polymethyl methacrylate (PMMA) production facility in Connecticut, USA, to meet growing market demand. This expansion will significantly boost its competitiveness in the high-performance plastics market ((no title)).
PVC resin prices in North America have increased since July 1 due to weather-related production disruptions. Such price fluctuations could impact pricing strategies for downstream products (Plastics Association).
The Plastics Industry Association released a report on trends and forecasts for the use of plastics in the healthcare sector. The report highlights that with advancements in medical technology, the application of plastics in medical devices and supplies will continue to grow (Plastics Association).
The European Union recently passed legislation aimed at significantly reducing the use of single-use plastic products. This regulation will force companies to accelerate their transition to sustainable packaging materials, potentially having a profound impact on the global plastic supply chain (Plastics Association).
Global polypropylene (PP) prices continued to rise in July due to increased market demand. This trend is expected to persist until the end of the year, affecting the cost structure of various industries ((no title)).
A report by the Minderoo Foundation and Systemiq shows that despite some progress in sustainability for materials like PET, the overall sustainability goals of the plastics industry are progressing slowly. The report calls for companies to accelerate their transformation efforts (Plastics Association).
Recent fluctuations in commodity prices have significantly impacted the plastic market. Due to inflation and supply chain disruptions, the cost of plastic raw materials has been volatile, requiring companies to be flexible in responding to price changes to maintain market competitiveness (Plastics Association).
September 24, 2024
October 30, 2023
August 16, 2024
Sustained Growth in Demand for Plastic Pipes The global plastic pipe market size continues to expand, with a market value of approximately 37.34billionin2023,expectedtoexceed51 billion by 2029,...
Global Plastic Pollution Control Initiatives Accelerate: Multiple countries' experts have expressed appreciation for the "Replace Plastics with Bamboo" initiative, believing it will help reduce...
Global Plastic Treaty Negotiations: Talks on a global treaty to combat plastic pollution concluded in Nairobi with significant divisions. While many nations support strong measures, others are...
U.S. Plastics Demand Growth: The Plastics Industry Association reported a 1.4% increase in U.S. plastics demand from April to May 2024, reaching $22.8 billion. This marks a 3.5% year-over-year growth...
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September 24, 2024
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Privacy statement: Your privacy is very important to Us. Our company promises not to disclose your personal information to any external company with out your explicit permission.