good stability Plasticizers-Europe H1 January 2024

  • good stability Plasticizers-Europe H1 January 2024
  • good stability Plasticizers-Europe H1 January 2024
  • good stability Plasticizers-Europe H1 January 2024
  • What happened to the European plasticizers market in 2023?
  • The European plasticizers market languished in the doldrums during 2023 as buyers postponed or cancelled orders and continued to purchase only for short-term requirements. Producers have continued to operate European 2-EH and plasticizer plants at reduced rates in line with demand.
  • What is the global demand for plasticizers in 2024?
  • Ceresana forecasts that global demand for all plasticizers will increase to about 9.75 million MT in 2024 . Over 90% of the plasticizers are consumed in flexible PVC applications . China is the single largest plasticizer market in the world, followed by other Asian region, Europe and North America.
  • 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 are plasticizer & OXO-alcohol markets stagnating in 2023?
  • With the year 2023 now into its second half, plasticizer and oxo-alcohol markets remain relatively stagnant globally. Demand failed to pick up as hoped and ongoing economic pressures left markets languishing in a slow demand cycle for many months.
  • What is the global plasticizer consumption rate?
  • Overall, global plasticizer consumption will grow at a rate of about 3.5% per year in the next few years. Phthalate esters, based on phthalic acid, are the main types of plasticizers used since they satisfy a broad range of processing and performance requirements, as well as a large number of markets.
  • 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.

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