Shortage intensified in the Russian plasticizers market

Perspective: Western sanctions cripple Russia's

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According to the Russian Union of Plastic Processors — a public association for producers of finished plastic products — 95 percent of the industry's equipment is imported, much from Western

According to experts at Russia's Rossiyskay Gazeta business paper, last year the production of plastics in Russia decreased 6.4 percent compared with 2021 with the biggest decline coming from

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Plasticisers & their raw materials: Outlook for

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The war in Ukraine brought an end to DOTP imports from Russia into Europe. Imports from Turkey and South Korea have been plentiful, quickly plugging any supply gaps. Geopolitical tension with Russia also means

The softness of the construction market a significant PVC/plasticizers consumer has had a strong impact on global markets this year. The US plasticizers sector began 2023 afresh following a heavy period of de

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Russia Witnesses 11.3% Surge in Plastics Production Over

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Examining the broader landscape of the plastics industry in Russia, the earlier-reported 2.1% increase in production for the first nine months gains context against the

European plastic packaging market value 2020-2026; Volume of production of plastics in primary forms in Russia from 2017 to 2022 (in 1,000 metric tons) [Graph], Russian Federal State

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Plasticizers Chemical Economics Handbook

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The following pie chart shows world consumption of plasticizers: Phthalates accounted for over 55% of world consumption of plasticizers in 2020, down from approximately 60–65% a few years ago; they are forecast to account for

Europe Plasticizers Market is forecasted to grow at a CAGR of 4.02 % in the period between 2022-2030. During Covid -19 demand in packaging sector intensified which lead to addition

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Plasticizers Market Size, Industry Growth Global Report [2030]

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The global plasticizers market size was valued at USD 17.34 billion in 2022 and is projected to grow from USD 17.99 billion in 2023 to USD 23.88 billion by 2030, exhibiting a

The market report plasticizers expect demand for these indispensable additives to rise to a total of more than 11 million tonnes by 2032. Table 83: Demand in Russia from 2020 to 2032 split by application Table 84: Revenues

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What will Russia's plastics market look like in the next 5 years?
The biggest growth in plastics demand in the next five years will be in construction, automotive and packaging, which traditionally consume up to 70 percent of produced plastics in Russia. Analysts expect growth in those markets to exceed 40 percent by 2028.
Will Russia's plastic industry be affected by a suspension of imports?
According to the Russian Union of Plastic Processors — a public association for producers of finished plastic products — 95 percent of the industry's equipment is imported, much from Western countries. Analysts believe the suspension of imports may lead to catastrophic effects in the industry.
Will Russia's plastics market adapt to the current realities?
Still, most of Russian analysts believe the domestic plastics market has been generally able to adapt to the current realities. The biggest growth in plastics demand in the next five years will be in construction, automotive and packaging, which traditionally consume up to 70 percent of produced plastics in Russia.
Are Russia's 'unfriendly countries' affecting the plastic industry?
According to HSE experts, those so-called unfriendly countries accounted for about half of Russian plastic imports (1.4 million tons) and a third of Russian exports (830,000 tons). However the situation has radically changed, as sanctions affected most market segments.
What happened to Russia's largest plastics supplier?
Russia’s largest materials supplier, Sibur, has seen the same drop. The Russian plastics industry is facing the deepest crisis in its modern history, as the military conflict with Ukraine has led to an almost complete suspension of imports of key raw materials, finished products and crucial technology.
How did Western sanctions affect Russia's plastics market?
The imposed Western sanctions led to serious turmoil in the Russian plastics market. In general, the cessation of polymer trade with countries that joined the sanctions against Russia cost the country's economy 0.5 percent of GDP.