MarketTrends
Sealing Industry on the Rise: Embracing Opportunities through Innovation
December 4, 2024 – Sealing Industry Embraces New Growth Opportunities: Innovation and Service as Key to Success The sealing industry, a seemingly unassuming yet crucial sector, is poised for new growth opportunities amidst the booming development of automobiles, machinery, electronics, chemicals, and more. These small components, known as seals, bear the weight of ensuring the…
Eco-Friendly Modified Plastics: The Future of Sustainable Materials
December 3, 2024 – Modified Plastics: A Pioneering Force in the New Materials Sector Modified plastics, renowned for their exceptional electrical, magnetic, heat-resistant, and flame-retardant properties, have been making waves in various industries including home appliances, automotive, and electronics in recent years. These innovative materials, derived from the modification of common polymer resins through physical,…
The Struggle for Sustainable Recycling in Southeast Asia
December 2, 2024 – Southeast Asia Grapples with Plastic Pollution Amid Recycling Challenges Southeast Asia is in the spotlight due to its pressing plastic pollution issue. The region’s lack of recycling infrastructure has become a major bottleneck in handling the massive influx of waste from developed countries. A 2023 study revealed that Indonesia, the Philippines,…
Struggling with Plastic Restrictions, Taiwan Postpones Comprehensive Ban to 2030
December 2, 2024 – Taiwan’s Environmental Authorities Admit Challenges in Achieving Plastic Restriction Goals In a recent public statement, Peng Qiming, the head of Taiwan’s environmental authorities, acknowledged that the ambitious goal of implementing a comprehensive plastic restriction by 2025 “may be difficult to achieve.” This admission has sparked widespread concern across various sectors of…
Coal-Based POE Technology: A Breakthrough for Energy, Economy, and Environment
November 26, 2024 – A groundbreaking achievement has been made in the continuous production technology of coal-based polyolefin elastomer (POE), marking a significant leap forward in various aspects including resource utilization, energy security, economic value, environmental sustainability, and technological innovation. In terms of resource utilization and energy security, this coal-based POE technology has opened up…
Boosting Output: Syensqo’s Plan to Increase Polysulfone Production
November 25, 2024 – Syensqo, the high-performance materials business spun off from the former Solvay, has announced a significant expansion plan. The company revealed that it will increase production at its Udel® polysulfone (PSU) polymer manufacturing line in Marietta, Ohio, aiming to boost output by over 25%. This move complements Syensqo’s recent expansion project at…
Future of Plastic Industry at Risk: Study Urges Global Cooperation for Sustainability
November 23, 2024 – A recent study on global plastic consumption and waste management has sparked widespread industry attention. The report unveils that in 2020, the world consumed a staggering 547 million tons of plastic, with virgin plastic accounting for 86% and recycled plastic merely 14%. In terms of regional consumption, China led the pack…
Plastic Pollution Treaty Negotiations: Tensions Rise as US Stance Shifts
November 23, 2024 – As the final negotiating session for the Global Plastics Treaty looms on Monday, November 25, in Busan, South Korea, the United States’ stance on restricting or banning certain plastics remains uncertain amidst a presidential transition, casting a shadow of doubt over the negotiations. Typically, the US aligns with large plastic manufacturers’…
Bioplastics: A Rising Star in the Plastic Industry
The bioplastics industry, though long-established, experienced a downturn in the 2010s. Companies in this sector faced bankruptcy or abandonment, and the industry’s development stagnated. This predicament was attributed to over-optimistic initial investments that backfired, coupled with severe bottlenecks in the expansion of commercial production. Moreover, the relatively high prices of bioplastics, compared to the then-cheap…
Global TPU Market: China’s Rising Prominence and Shifting Price Trends
November 15, 2024 – China’s TPU Industry Soars to New Heights Amidst Global Competition China has cemented its status as a major producer and consumer in the global TPU (thermoplastic polyurethanes) market. By 2023, the country’s TPU output skyrocketed to 707,000 tons, with consumption closely following at 610,000 tons. This vast market has attracted a…