홈페이지> 블로그> Global Plastics Industry Sees Dynamic Shifts Amid Innovation, Market Growth, and Regulatory Changes

Global Plastics Industry Sees Dynamic Shifts Amid Innovation, Market Growth, and Regulatory Changes

August 19, 2024
 
  1. European Polyethylene Price Adjustment: European polyethylene producers raised prices in August due to rising costs.
  2. Increased Demand in East Asia: The East Asian market shows strong demand recovery, particularly in automotive and packaging.
  3. Growth in North American Recycling: North America's plastic recycling market is expanding due to stricter environmental regulations.
  4. Innovation in Green Materials: Companies are investing in bio-based and degradable plastics, aligning with environmental trends.
  5. Middle East Supply Volatility: Geopolitical factors affect petrochemical supply in the Middle East.
  6. Rapid Growth in India: Demand for engineering plastics in India is rapidly increasing, especially in construction and infrastructure.
  7. Ocean Pollution Control: Governments push for regulations to reduce single-use plastics.
  8. China's Plastic Machinery Export Growth: China’s exports of plastic machinery hit record highs, mainly to Southeast Asia and Africa.
  9. US-China Trade Frictions: Tariff disputes continue to impact US-China trade in plastic products.
  10. Automotive Lightweighting: The rise of electric vehicles drives demand for high-performance plastics.

Additionally, the PLAS PACK EXPO 2024 will be held from August 7-9, 2024, in Shanghai​ (Plas Pack Expo).

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Author:

Mr. Franz

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