high quality Plasticizers-Europe H1 May 2024

  • high quality Plasticizers-Europe H1 May 2024
  • high quality Plasticizers-Europe H1 May 2024
  • high quality Plasticizers-Europe H1 May 2024
  • What happened to plasticizer prices in 2023?
  • Operating rates for US-based plasticizer plants remained reduced but with the disappointing level of demand from the construction market – as well as the increasing presence of imports – the US market was still amply supplied. Prices have eroded throughout 2023 to date, although they have not fallen quite as steeply as they have in Europe.
  • Why are European plasticizer plants reopening?
  • Producers have continued to operate European 2-EH and plasticizer plants at reduced rates in line with demand. Imports of all general-purpose plasticizers have been competitive, as freight rates fell and the local markets in Asia failed to show any demand improvement, particularly China on which hopes had been pinned.
  • Why did the US plasticizers sector start afresh in 2023?
  • The US plasticizers sector began 2023 afresh following a heavy period of de-stocking during the fourth quarter of 2022 when demand slowed down dramatically. However, hopes of a rebound in Q1 were quickly dashed. This was largely due to downstream stock levels reflecting what turned out to be more than sufficient for the then-current demand level.
  • How will plasticisers market grow in 2023-2028?
  • As per the analysis by Expert Market Research, the global plasticisers market is expected to grow at a CAGR of 3.5% in the forecast period of 2023-2028, owing to the rise in bio-based plasticisers. Plasticisers are chemicals added to another material, such as plastic, to make it more pliable, resilient, and easy to work.
  • How have plasticizer imports impacted the oxo-alcohol industry?
  • Imports of all general-purpose plasticizers have been competitive, as freight rates fell and the local markets in Asia failed to show any demand improvement, particularly China on which hopes had been pinned. As gas prices and propylene costs have gradually come down, oxo-alcohol producers have been less squeezed.
  • How volatile is the plasticizers market?
  • With such a diverse range of applications, the plasticizers market can be volatile as it reacts to consumer trends, seasonality and regional supply. Buyers, sellers and traders must act quickly to make the most of market opportunities. This means constant access to the most current prices and data is key.

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