EU Market for Plastics once again under Pressure
The Polymers for Europe Alliance was set up by the European Plastics Converters association (EuPC) in 2015 due to the shortage of polymers for converters in Europe. Today the Alliance warns again of an alarming situation.
According to a press release, the issue that is today threatening large parts of the plastics conversion industry in Europe is the supply of Titanium Dioxide where unplanned maintenance shutdowns are limiting production, thereby restricting output and driving up additives prices to uncompetitive levels. No extra volumes seem to be made available for Europe by the producers from outside the EU to support the growth in the plastics industry markets, especially for some PVC building applications and polymer masterbatches. “We call upon all the TiO2 producers to help our plastics converting industry to create a global level playing field to secure the development of our business in Europe,” says Ron Marsh, Chairman of the Polymers for Europe Alliance.
At the same time some polymer supplies are getting very tight and plastics converters have difficulties to pass on the large price increases to their customers. It seems that the margin of the converters sandwiched between polymer suppliers and users of plastics is being squeezed in growing markets, and this is damaging business prospects in the first quarter of 2017, according to a statement from Polymer Comply Europe (PCE), a service provider for the plastics industry specialized in EU legislation.
EuPC European Plastics Converters
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