Global Polymer Market Poised for Strong Growth, Driven by Demand in Multiple Sectors
%2Fhttps%253A%252F%252Fofbadmin.s3.ap-southeast-1.amazonaws.com%252Fnexizo%252Fproduction%252Fstrapi%252FPolymer_5_41ac01de92.png&w=1920&q=100)
Polymer prices are stable with PP Raffia at Rs. 92/kg and HDPE PE100 at Rs. 90/kg Ex Mundra. The global polymer market is projected to grow by 5.4% annually, driven by strong demand in industries like packaging and electronics.
Key Takeaways:
- PP Raffia Price: Rs. 92/kg Ex Godown.
- Growth Projection: The global polymer market is expected to grow at 5.4% CAGR, driven by high demand in packaging, automotive, and electronics industries.
- Regional Polymer Market: The Asia-Pacific region holds a 52.4% market share.
- Polymer Import Trends: Limited import offers are pushing buyers to rely on local suppliers.
Polymer Price Overview
- PP Raffia: Rs. 92/kg levels Ex Godown.
- PP Film: Rs. 100/kg levels Ex Godown.
- PPCP: Rs. 99/kg levels Ex Godown.
- PP Lamination: Rs. 102/kg levels Ex Godown.
- LLDPE (-1): Rs. 86.5/kg Ex Mundra/Bhiwandi.
- LDPE prices are around (±0) Rs. 116/kg Ex Mundra/Bhiwandi.
- HDPE PE100 Natural (±0): Rs. 90/kg Ex Mundra/Bhiwandi.
- HDPE PE100 Black (±0): 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. 81.00 Ex Nhava Sheva/Mundra.
- Low K (B57): Rs. 85.50 Ex Nhava Sheva/Mundra.
- LG LS100H: Rs. 76.55 Ex Mundra/Bhiwandi.
Polymer Supply and Demand: Global Market Outlook and Trends
- The global polymer market is expected to reach $946,991.38 million by 2030, growing at a CAGR of 5.4 percent from 2021 to 2030. This growth is driven by the increasing demand for polymers in various end-use industries such as packaging, automotive, and electronics.
- The Asia-Pacific region led the market with the largest revenue share of around 52.4 percent in 2021 and is expected to retain its industry dominance over the next few years.
- Overall, the polymer market is driven by the increasing demand for lightweight, cost-effective, and sustainable materials across various industries.
Latest Polymer Market News
- European ABS contract prices for October were reduced by Euro 130/MT from their September settlement levels.
- MEGlobal has increased its November Monoethylene Glycol (MEG) Asian Contract Price (ACP) by US$ 10/MT from its October settlement levels and assessed it at US$ 850/MT.
- Arya Sasol from Iran offered their LDPE Film at 1185 USD, LD Lamination at 1300 USD, and HM 5110 at 1000 USD per MT CIF Nhava Sheva/Mundra for November/December shipment.
- Brent Crude Oil prices traded higher at 73.33 USD per barrel.
Explore more industry updates and PP news here!
Expert Opinion of Polymer Market Behaviour
- The purchase pulse was weak, with most buyers staying on the sidelines. Import offers were limited, hence buyers were seen opting to secure their requirements from local sources.
Daily Market Report
%2Fhttps%253A%252F%252Fofbadmin.s3.ap-southeast-1.amazonaws.com%252Fnexizo%252Fproduction%252Fstrapi%252FPolymer_2_a7d6721e5b.png&w=3840&q=75)
India PVC Markets Prepares for Price Hikes Amid Weak Buyer Activity
Low K (P700) prices are at Rs.83.75/kg and Low K (B57) at Rs.87.75/kg, both Ex Nhava Sheva/Mundra, while LG LS100H is priced at Rs.76.75/kg Ex Mundra/Bhiwandi. PVC prices saw an increase in October due to improved market sentiment in both Asia and the US, signaling a potential rise in demand.
Read Story
%2Fhttps%253A%252F%252Fofbadmin.s3.ap-southeast-1.amazonaws.com%252Fnexizo%252Fproduction%252Fstrapi%252FPolymer_6_d2c14e4ff6.png&w=3840&q=75)
Asian Polyethylene Markets Face Supply Disruptions Amid Rising Freight Costs
LLDPE (±0) Rs 87.5/kg Ex Mundra/Bhiwandi, LDPE prices are around (±0) Rs 116/kg Ex Mundra/Bhiwandi, HDPE PE100 natural (±0) Rs 90/kg Ex Mundra/Bhiwandi, HDPE PE100 black (±0) 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-density polyethylene (LDPE) prices rose in Southeast Asia and South Asia while remaining flat in China.
Read Story
%2Fhttps%253A%252F%252Fd86af0gufpxog.cloudfront.net%252Funsafe%252Fadaptive-fit-in%252F105x89%252Ffilters%253Aformat(webp)%252Fhttps%25253A%25252F%25252Fofbadmin.s3.ap-southeast-1.amazonaws.com%25252Fnexizo%25252Fproduction%25252Fstrapi%25252FABS_Natural_Ready_Material_e55364c3f5.png&w=3840&q=75)
%2Fhttps%253A%252F%252Fd86af0gufpxog.cloudfront.net%252Funsafe%252Fadaptive-fit-in%252F105x89%252Ffilters%253Aformat(webp)%252Fhttps%25253A%25252F%25252Fofbadmin.s3.ap-southeast-1.amazonaws.com%25252Fnexizo%25252Fproduction%25252Fstrapi%25252FPVCK_67_Compounded_Ready_Material_1e8a2459cc.png&w=3840&q=75)
%2Fhttps%253A%252F%252Fd86af0gufpxog.cloudfront.net%252Funsafe%252Fadaptive-fit-in%252F105x89%252Ffilters%253Aformat(webp)%252Fhttps%25253A%25252F%25252Fofbadmin.s3.ap-southeast-1.amazonaws.com%25252Fnexizo%25252Fproduction%25252Fstrapi%25252FHDPEPE_100_Ready_Material_e3a92491ae.png&w=3840&q=75)
%2Fhttps%253A%252F%252Fd86af0gufpxog.cloudfront.net%252Funsafe%252Fadaptive-fit-in%252F105x89%252Ffilters%253Aformat(webp)%252Fhttps%25253A%25252F%25252Fofbadmin.s3.ap-southeast-1.amazonaws.com%25252Fnexizo%25252Fproduction%25252Fstrapi%25252FPPHP_Films_Ready_Material_10d55911b7.png&w=3840&q=75)
%2Fhttps%253A%252F%252Fd86af0gufpxog.cloudfront.net%252Funsafe%252Fadaptive-fit-in%252F105x89%252Ffilters%253Aformat(webp)%252Fhttps%25253A%25252F%25252Fofbadmin.s3.ap-southeast-1.amazonaws.com%25252Fnexizo%25252Fproduction%25252Fstrapi%25252Flldpe1_5d71e3813a.png&w=3840&q=75)
%2Fhttps%253A%252F%252Fnexizo.ai%252Fassets%252Fbg-png-msite.png&w=3840&q=30)