high purity Plasticizers-Europe H1 May 2024

  • high purity Plasticizers-Europe H1 May 2024
  • high purity Plasticizers-Europe H1 May 2024
  • high purity Plasticizers-Europe H1 May 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.
  • How has the global economy affected plasticizer alcohol use in 2024?
  • In 2024, the weakness in the global economy and the Israel-Hamas war have resulted in declines in plasticizer alcohol use in markets such as construction and automotive. Disruptions in transportation and high costs in logistics lead to high inventory and limited production, resulting in a global utilization rate of below 70%.
  • 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 largest end-use market for plasticizer alcohols?
  • Plasticizers are the largest end-use market for plasticizer alcohols, accounting for nearly half of world consumption in 2024. Plasticizers will remain the largest application; however, demand for nonplasticizer applications such as acrylate/methacrylate esters, acetate esters and glycol ethers will also grow depending on the regional 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.
  • 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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