Conducting Polymers Set for Growth as Global Market Valuation Hits $7 Billion
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The current prices for various polymers are as follows: PP Raffia is priced at Rs 93/kg, PP Film is at Rs 101/kg, and PPCP is at Rs 99.50/kg, all quoted Ex Godown. PP Lamination is available for Rs 105/kg. In the Ex Mundra/Bhiwandi region, LLDPE is priced at Rs 87.5/kg, and LDPE is around Rs 116/kg. For HDPE, PE100 Natural is at Rs 90/kg, PE100 Black at Rs 91/kg, and HD HM at Rs 90/kg. The global conducting market is projected to reach a valuation of USD 7.0 billion in 2024, driven by increasing applications in the electronics, automotive, and energy storage sectors.
Polymer Price
- PP Raffia (±0) Rs 93/kg levels Ex Godown.
- PP Film (±0) Rs 101/kg levels Ex Godown.
- PPCP (±0) Rs 99.50/kg levels Ex Godown.
- PP Lamination (±0) Rs 105/kg levels Ex Godown.
- LLDPE (+0.5) Rs 87.5/kg Ex Mundra/Bhiwandi.
- LDPE prices are around (±0) Rs 116/kg Ex Mundra/Bhiwandi.
- HDPE PE100 Natural (-1) Rs 90/kg Ex Mundra/Bhiwandi.
- HDPE PE100 Black (-1) Rs 91/kg Ex Mundra/Bhiwandi.
- HDPE HM (±0) Rs 90/kg Ex Mundra/Bhiwandi.
- HD Blow Molding (±0) Rs 91/kg Ex Mundra/Bhiwandi.
- Low K (P700) Rs 84.50 Ex Nhava Sheva/Mundra.
- Low K (B57) Rs 87.75 Ex Nhava Sheva/Mundra.
- LG LS100H Rs 77 Ex Mundra/Bhiwandi.
Polymer Demand and Supply
- The global conducting market is projected to reach a valuation of USD 7.0 billion in 2024, driven by increasing applications in the electronics, automotive, and energy storage sectors.
- The market is set to witness robust growth at a compound annual growth rate (CAGR) of 9.4% over the forecast period, supported by advancements in smart materials and rising demand for lightweight, flexible, and high-performance polymers.
- By 2034, the global conducting polymer market is expected to soar to a total of USD 17.2 billion, as these materials become integral to innovations in areas such as wearable devices, sensors, and advanced battery systems.
- Polycarbonates remain highly sought-after conducting polymer types in the market due to their exceptional properties, including lightweight, transparency, flexibility, and durability. The target segment is poised to advance at a CAGR of 9.2% between 2024 and 2034.
Polymer News
- Ercros has lifted a Force Majeure (FM) on the supplies of Caustic Soda from its plant located in Spain. The Force Majeure was declared on 3rd September 2024. The plant is located in Sabinanigo, Spain, with a Caustic Soda production capacity of 51,000 dry MT/year, while another plant is located in Vilaseca, Spain.
- PTT Global Chemical (PTTGC) has shut its I-1 Cracker on 1st October 2024 for planned maintenance work. The cracker is located in Map Ta Phut, Thailand.
- Customs has announced a new exchange rate for import valuation at Rs 84.85/US$ (+0.25) and Rs 83.10/US$ (+0.20) for export valuation, effective 4th October 2024.
- Brent crude oil prices traded higher at USD 77.58/bbl.
- MEGlobal is planning to shut its No.1 Ethylene Glycol (EG) Unit in early October 2024 for short maintenance work. The unit is located in Prentiss, Alberta, Canada.
Expert Opinion
The rising trend towards wearable electronic devices is expected to play a key role in fueling sales during the forecast period. Conducting polymers possess excellent properties, including lightweight, flexibility, and versatility, making them suitable for a wide range of electronics.
Daily Market Report
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