EU Market for Polymers Under Pressure

EU Market for Polymers Under Pressure

PRESS RELEASE

The Polymers for Europe Alliance was set up by the European Plastics Converters association (EuPC) in 2015 due to the shortage of polymers for converters in Europe. Its objective is to build and maintain good communications between suppliers and customers of polymers and additives in Europe following the catastrophic situation during the first semester of 2015.

The monitoring of Force Majeure declarations globally of polymer producers by the Alliance showed an alarming increase in issued declarations by numerous polymer producers towards the end of 2020. Especially the supply situation for Polyolefins and PVC worsened significantly, making it difficult for converting companies to get the necessary material to keep their production running.

“The increased declarations of Force Majeure and rapid producer margin improvement resembles the situation at the beginning of the Force Majeure crisis in 2015.” Says Ron Marsh, Chairman of the Polymers for Europe Alliance. “We will continue to monitor the developments very closely to ensure the interests of the plastics converting industry are heard and to try to avoid a second 2015.”

With some polymer supplies getting very tight, plastics converters have difficulties to purchase the needed raw materials at reasonable prices and passing on the large price increases to their customers. Sandwiched between big polymer suppliers and users of plastics, the many SMEs that form the plastics converting industry remain in a difficult position to recover these price spikes.

 

 


 

 

About Polymers for Europe Alliance

The Alliance was initiated by the European Plastics Converters association (EuPC) during its General Assembly in May 2015. It is an online, confidential information platform open to all parties who have an interest in the competitive conversion of polymers in Europe. Its objectives are to provide factual public information on the status of the polymer supply situation in Europe and to re-establish a constructive dialogue with the supply base. The initiatives of the Alliance also include the Best Polymer Producers Awards for Europe.

www.polymercomplyeurope.eu/pce-services/polymers-europe-alliance

 

About European Plastics Converters (EuPC)

EuPC is the EU-level Trade Association, based in Brussels, representing European Plastics Converters. Plastics converters (sometimes called "Processors") are the heart of the plastics industry. They manufacture plastics semi-finished and finished products for an extremely wide range of industrial and consumer markets - the automotive electrical and electronic, packaging, construction and healthcare industries, to name but a few.

www.plasticsconverters.eu

 

About Polymer Comply Europe (PCE)

PCE is a service provider for the plastics industry specialised in EU legislation. Since 1989 we have been closely working with the industry developing an in-depth knowledge and wide experience in EU Regulatory Compliance, Association Management and Projects & Studies.

Due to the increasing complexity of EU legislation, companies can benefit from more legal and technical advice. Companies involved in the plastics industry can get support on how to cope with this burden and our experts can provide you with the best expertise. You will receive informed advice from our best EU experts. For this we decided to develop a pool of EU plastics experts under our service company Polymer Comply Europe, based in Brussels.

www.polymercomplyeurope.eu

 

 

 

 

About Polymer Comply Europe

Polymer Comply Europe (PCE) is a service provider for the plastics industry specialised in EU legislation. Since 1989 we have been closely working with the industry developing an in-depth knowledge and wide experience in EU Regulatory Compliance, Association Management and Projects & Studies.

Due to the increasing complexity of EU legislation, companies can benefit from more legal and technical advice. Companies involved in the plastics industry can get support on how to cope with this burden and our experts can provide you with the best expertise. You will receive informed advice from our best EU experts. For this we decided to develop a pool of EU plastics experts under our service company Polymer Comply Europe, based in Brussels.

Polymer Comply Europe
Avenue de Cortenbergh 71
1000 Brussels
Belgium