high quality Plasticizers-Europe H1 January 2024

  • high quality Plasticizers-Europe H1 January 2024
  • high quality Plasticizers-Europe H1 January 2024
  • high quality Plasticizers-Europe H1 January 2024
  • How will global demand for plasticizers affect the plasticizer market?
  • Continued global demand for flexible PVC will lead to continued growth for plasticizers. Demand for most downstream plasticizer markets is greatly influenced by general economic conditions. As a result, demand for plasticizers largely follows the patterns of the leading world economies.
  • 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.
  • Why did European plasticiser producers struggle during H2?
  • European plasticiser producers struggled withhigh energy costs, a factor that pushed up their respective costs bases significantly. At the same time, imports of plasticisers from Turkey and Asia have been competitive while overall downstream demand has softened during H2.
  • 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.
  • Will chemical output grow in Europe in 2024?
  • Output of chemicals in Europe will grow 1.9% in 2024, ACC said. Cefic noted in its latest monthly report that the EU is losing competitiveness on global markets due to high energy and feedstock costs. Cefic estimates the EU's 2023 fall in chemical output at 8%.

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