Market Updates

Greener Europe – More Challenges for Commodity Polymers
March, 2019

European parliament on Thursday backed the ban of single use plastic throughout the Europe. The legislation received overwhelming response of 560 supporting it with merely 35 going against it and 28 abstained. The European legislation shall be applicable in 2021 and would create bigger impact on the commodity plastics which are widely used in packaging. The move has been expected has analysts when the legislation was filed after revelation of plastic being the largest polluting contributor. Key polymer markets which are expected to be impacted [...]

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World Petrochemical Conference - Huge Market Potential Amid Uncertainties Development
March, 2019

The world petrochemical conference was held in Texas during 19-22 March 2019. The leaders from various premier chemical organizations shared their views and insights with the attendees which not only included the petrochemical producers, but also the players from downstream and upstream industries. The key opportunity areas highlighted in the conference can be summarized as given below.

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Chinese Chemical Sector - Rising Challenges and Known Opportunities
March, 2019

The rise of Chinese factories making it manufacturing hub is undisputed which flagged its dominance on the global platform, making it second largest global economy. The manufacturing growth of China has significant contribution from chemical industry, which itself is part of one of the largest global industries. Chinese economies of scale in chemical processing and final output resulted in ballooned surplus and foreign exchange reserves. Now at the current juncture, where the protectionism is growing rapidly with slowing domestic market growth [...]

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Circular Economy and Commercial Viability - What is Expected 10 Year Down
March, 2019

The circular economy has been touted as the end-goal by the European chemical industry in past year. But what remains a mystery is the billion-dollar; where does it actually stand and what is the commercial viability given current status of technologies and developments. Global leaders in the chemical industry presented their opinions on the current status and answering the given question.As the leaders presented their views in IdentiPlast, two strikingly different positions came out with optimism of

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Solar Powered Variable Message Signs in Real-Time Traffic Management
March, 2019

Solar powered variable message signs (VMS) are now used extensively to reduce energy consumption and thereby reducing the overall total cost of ownership in many applications like traffic system control, transportation, municipal system. Recently, solar powered VMS are being used to provide dynamic and real time information to the driver. Solar powered variable message signs solutions can be installed where traditional electricity lines are not available or a distant place from electric connection. Considering these factors, the adoption of sol [...]

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