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Sustained Growth in Demand for Plastic Pipes The global plastic pipe market size continues to expand, with a market value of approximately 37.34billionin2023,expectedtoexceed51 billion by 2029, growing at a CAGR of approximately 5.5%. China, as the world's largest producer of plastic pipes, accounts for 75%-80% of global production. Rapid Development of Modified Engineering Plastics Industry Modified engineering plastics are widely used due to their superior properties such as heat resistance,...
Global Plastic Pollution Control Initiatives Accelerate: Multiple countries' experts have expressed appreciation for the "Replace Plastics with Bamboo" initiative, believing it will help reduce plastic pollution and drive global plastic pollution control efforts forward. The National Development and Reform Commission of China recently organized a symposium on corporate plastic pollution and excessive packaging control to further advance the implementation of relevant policies. China Plastics...
Global Plastic Treaty Negotiations: Talks on a global treaty to combat plastic pollution concluded in Nairobi with significant divisions. While many nations support strong measures, others are hesitant to impose strict production cuts. The next negotiation rounds will take place in 2024( Phys.org ). Polypropylene Plant in India: Lummus Technology secured a deal to provide its Novolen® polypropylene technology for a new 500,000 tons per year plant in Gujarat, India, marking a key...
U.S. Plastics Demand Growth: The Plastics Industry Association reported a 1.4% increase in U.S. plastics demand from April to May 2024, reaching $22.8 billion. This marks a 3.5% year-over-year growth and suggests a recovery from the fluctuations seen in 2021-2022( Plastics Engineering ). Kia's Recycled Plastics Initiative: Kia announced plans to incorporate recycled plastic from 55 tons of ocean waste into its new electric vehicle models, highlighting an increased focus on sustainable...
U.S. Shift in Plastic Production Stance Influences Global Treaty TalksThe U.S. government has announced support for restricting plastic production, joining the "High Ambition" coalition. This significant policy shift may impact the upcoming United Nations plastic treaty negotiations in Busan, South Korea, this November (Global Law Firm | DLA Piper). Global Plastic Lumber Market Expected to Grow Over 11% in 2024The global plastic lumber market, valued at $5.3 billion in 2023, is projected to...
LG Chem Expands Eco-Friendly Plastic Production: LG Chem in South Korea announced plans to expand its production of bio-based and biodegradable plastics by the end of 2024 to meet the growing demand in European and North American markets (Climate Home News). Reliance Industries of India Plans to Increase Recycling Capacity: Reliance Industries has committed $1 billion to increase its plastic recycling capacity by 50% over the next five years to address the rising global demand for recycled...
U.S. Shifts Stance on Plastics Treaty: The U.S. has shifted its position towards supporting a global plastics treaty, potentially boosting negotiations that aim to limit plastic production and pollution. This move marks a significant policy change and could impact the upcoming talks in Busan (Climate Home News). Strong Global Demand for Plastics: Despite global economic challenges, the U.S. plastics industry continues to show robust growth, with a notable trade surplus in resin. This...
European Polyethylene Price Adjustment: European polyethylene producers raised prices in August due to rising costs. Increased Demand in East Asia: The East Asian market shows strong demand recovery, particularly in automotive and packaging. Growth in North American Recycling: North America's plastic recycling market is expanding due to stricter environmental regulations. Innovation in Green Materials: Companies are investing in bio-based and degradable plastics, aligning with environmental...
1. Global War on Plastic Gathers Momentum Marking the 55th World Earth Day, the United Nations Environment Programme (UNEP) announced that the fourth Intergovernmental Negotiating Committee meeting (INC4) on plastic pollution will convene at the end of this month. This underscores the urgency to address the growing challenge of plastic pollution worldwide, with governments, NGOs, and businesses pledging enhanced cooperation. 2. China Intensifies Plastic Pollution Control China's government work...
In today's rapidly evolving socio-economic landscape, high-performance materials such as PBT (Polybutylene Terephthalate) film are playing an increasingly pivotal role. As one of the five major general-purpose engineering plastics, PBT film, with its exceptional mechanical, thermal, and electrical properties, has demonstrated vast application potential across multiple key sectors, fueling societal progress and economic growth. Sunyo Plastic, a renowned manufacturer specializing in plastic films...
Overview of PS Film PS film, or Polystyrene (PS) film, is a widely used plastic material in packaging, printing, advertising, and other industries. Its excellent transparency, impact resistance, and processability make PS film an ideal choice for various applications. Sunyo Plastic, with its rich experience and expertise in the plastic film industry, produces high-quality PS film renowned for its stability and reliability, providing reliable product solutions to numerous customers. The Role of...
Polyethylene Terephthalate Glycol (PETG) is a thermoplastic polyester that boasts the following features: High Transparency: PETG offers excellent clarity and optical properties, making it ideal for applications requiring high transparency, such as packaging and display boxes. High Toughness: PETG is highly impact-resistant, making it more durable than other similar materials. Ease of Processing: PETG can be processed using various techniques including injection molding, blow molding,...
In today's rapidly developing era, plastic products have become an indispensable part of our daily lives. As a member of the plastics industry, Sunyo Plastic closely follows the pace of the times, continuously innovates based on high-quality plastic materials such as polypropylene (PP), and contributes to its foreign trade partners. Polypropylene (PP) occupies an important position in the plastics industry due to its excellent performance. It has good heat resistance, corrosion resistance,...
Breakthrough in Low-Temperature Decomposition of Polyethylene in Japan: A research team in Japan has announced a breakthrough in the low-temperature decomposition of polyethylene, offering new hope for the plastic recycling sector and expected to significantly improve the efficiency and quality of recycled polyethylene. In-Depth Analysis of Europe's 'Plastic Tax' Policy: With growing concern over plastic pollution in Europe, the plastic tax policy has become a focal point. Recent analysis shows...
Amidst the digital tsunami sweeping across the globe, PP film, as a traditional material, continues to hold its ground with its unique charm and practicality in the market. Polypropylene (PP) film, known for its exquisite gel-like appearance, high-precision printing effects, and reusable properties, is widely used in the production of posters, hanging banners, stickers, and other promotional materials. This article delves into the current state of PP film development in today's era, its future...
1. Saning Chemical's Nylon 66 Project Officially LaunchedRecently, the nylon 66 project of Saning Chemical, with a total investment of RMB 14.5 billion, was officially put into operation. This marks a significant enhancement in China's nylon material production capacity, providing robust support for related industries. 2. Dawn Polymer Intends to Expand Specialty Co-polyester ProductionTo expand its production capacity, Dawn Polymer plans to add a 10,000-tonne/year specialty co-polyester...
Specific News Items from the Global Plastics Industry on August 6 Shenzhen Wanran Plastic Technology Faces Unresolved Consumer Complaint: On August 6, Shenzhen Wanran Plastic Technology Co., Ltd. received a new consumer complaint involving false advertising, with the consumer demanding a refund and compensation for losses. The complaint was handled by the Shenzhen Futian District Market Supervision and Administration Bureau, but as of that day, no settlement agreement had been reached. Global...
GAG Plastics and Their Global Applications GAG plastic, also known as Glycol-modified Polyethylene Terephthalate (PETG), is a highly versatile plastic material known for its high transparency, excellent impact resistance, and ease of processing. It has found widespread applications across various industries such as packaging, construction, decoration, electronics, and appliances, playing a crucial role in both industrial development and daily life. Global Applications of GAG Plastics 1....
PET and PVC: Essential Materials for Modern Industry and Everyday Life PET (Polyethylene Terephthalate) and PVC (Polyvinyl Chloride) are two of the most widely used plastic materials globally, each with unique properties that make them invaluable across various industries and applications. PET Characteristics and Applications PET is renowned for its excellent strength, thermal stability, and transparency. It is a highly versatile material used in: Packaging: PET is commonly used for beverage...
In today's society, with the growing awareness of environmental protection, the pollution caused by traditional plastics has become an increasingly prominent issue. Plastic waste, which is difficult to degrade, accumulates over time, leading to air, water, and soil pollution, severely disrupting the ecological balance. As a result, biodegradable materials, as a green and environmentally friendly alternative, are gradually gaining favor from upstream and downstream enterprises in the plastics...
1. Covestro Introduces New Line of PC Copolymers Covestro recently launched a new series of polycarbonate (PC) copolymers designed to enhance product strength and durability. These products are particularly suitable for high-performance applications such as electronics and automotive parts. This innovation is expected to open new markets for PC materials ((no title)). 2. Tupperware Shifts Production to Mexico Tupperware announced it will move part of its production from the United States to...
European Plastics Market Price TrendsThe European plastics market has recently experienced price fluctuations. Ethylene and propylene prices are expected to rise in August, despite the typically low summer demand, with stable prices anticipated in the fall (Plastics Assoc.). Decline in German Business ConfidenceConcerns over the economic recovery in Germany and the Eurozone have led to a continued decline in business confidence among plastic processors. This sentiment reflects ongoing...
Headline News: Significant Capital Flows in Degradable Plastics Stocks Today, the degradable plastics sector saw active trading in the stock market, with the sector index rising 0.48% despite a net outflow of main funds amounting to 52.5892 million yuan. Zhonglun Xincai topped the list with a net outflow of 19.4324 million yuan, followed closely by ST Zhongtai with a net outflow of 13.3489 million yuan. Market analysts pointed out that despite the promising outlook for the degradable plastics...
PET sheets rely on their excellent toughness, high strength, high transparency, and can be recycled and recycled. The excellent environmental performance of burning without producing harmful gases is gradually being greatly reduced by consumers and producers; main feature: 1. It has excellent transparency and finish, showing good results. 2. Excellent surface decoration performance, can be printed without surface treatment, easy to suppress the pattern, easy metal processing (vacuum plating...
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Privacy statement: Your privacy is very important to Us. Our company promises not to disclose your personal information to any external company with out your explicit permission.