Polyamide Biogas flame retardants 27-12-2021

Polyamide Biogas flame retardants

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Polyamide Biogas flame retardants

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-What’s Ahead for the Plastics Industry in 2022

Growth rate will flatten compared with the robust results of 2021, according to some analysts. Others predict, however, that positive Q4 momentum will carry over into a solid start for 2022. Polyamide Biogas flame retardants

While some US plastics manufacturers are optimistic about continued reshoring, the global industry picture understandably remains a moving target given regional tensions, potential responses to the Omicron variant, and other factors.

With year-to-date data ending in September showing a $1.4 billion US plastics industry trade deficit, “it is likely that the US will have another year of a trade deficit in plastics, albeit less than last year,” wrote Perc Pineda, Chief Economist for the Plastics Industry Association (PLASTICS), in a Dec. 15 press release.

While some US plastics manufacturers are optimistic about continued reshoring, the global industry picture understandably remains a moving target given regional tensions, potential responses to the Omicron variant, and other factors.

With year-to-date data ending in September showing a $1.4 billion US plastics industry trade deficit, “it is likely that the US will have another year of a trade deficit in plastics, albeit less than last year,” wrote Perc Pineda, Chief Economist for the Plastics Industry Association (PLASTICS), in a Dec. 15 press release.Polyamide Biogas flame retardants

While full-year industry performance figures for 2021 are due in January, Pineda noted in a Dec. 10 interview with PlasticsToday that forecasts based on third-quarter reporting indicate:

US machinery production is forecast to grow 15.1% year on year in 2021, but increase only 1.9% in 2022. “In the US, we had very strong shipments of auxiliary machinery.”  Nylon6 biomethane China Textile Plastic prices PX flame retardants

It will take until at least the second quarter of 2022 to get “a better reading on how far we have to go until we see supply chain kinks actually ironed out.”

Materials and resin production will continue at a higher rate in 2022.

Product output is likely to have increased 3.3% in 2021 and will increase 1.8% next year. Polyamide Biogas flame retardants

Mold production is expected to have risen 3.8% this year and could rise 3.4% in 2022.

Robust growth against the odds

“We really had robust growth in 2021 despite the odds,” Pineda said, “but as the economy reverts to its long-run growth rate, so will the plastic industry’s production.”

In terms of securing more control of and visibility into supply chains, evidence of increased merger and acquisition activity to that end remains anecdotal at present, he added. Nylon6 biomethane China Textile Plastic prices PX flame retardants

As for accelerating Industry 4.0 in the face of worker shortages, the movement of auxiliary machinery “tells you (manufacturers) are looking for ways to increase automation and factory efficiency.” The labor shortage is likely to spill over into the adoption of artificial intelligence (AI) in plastics production, potentially hindering its uptake as manufacturers struggle to implement connectivity and data solutions.

Ultimately, said Pineda, the trend is toward lower growth next year compared to this year. Much like the US economy on the macro scale, plastics is a mature industry facing hard-and-fast constraints on growth — namely, limited human capital.

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