Plastic resins are widely used in various industries because of their outstanding properties. They have revolutionized packaging materials, automobile production, electronics, and many other sectors. In this article, we will explore different types of plastic resins, sales trends, and the compounding process.
Plastic resin is a crucial component of many products we use in our daily lives, from packaging materials to car parts. However, the cost of plastic resin has been volatile in recent years due to various factors, including supply chain disruptions, trade tensions, and changes in demand.
One of the most significant drivers of plastic resin prices is the global commodity market. Like other commodities such as oil and gas, plastic resin is subject to price fluctuations based on supply and demand dynamics. When demand for plastic resin exceeds supply, prices go up, and when supply outstrips demand, prices drop.
Polycarbonate plastic resin is one type of plastic polymer resin that has seen significant price movements in recent years. Polycarbonate is widely used in the automotive industry for parts such as headlights and body panels, as well as in electronics for items like smartphone cases.
In 2018, the price of polycarbonate plastic resin hit an all-time high due to several factors, including increased demand from the automotive industry and supply chain disruptions caused by plant shutdowns. However, prices dropped dramatically in 2019 as demand weakened and production ramped up.
Another type of plastic resin that has gained attention in recent years is PLA (polylactic acid) plastic resin. PLA is a biodegradable and compostable material made from renewable resources, making it an attractive option for environmentally-conscious consumers and businesses. However, PLA currently only accounts for a small fraction of the overall plastic resin market, and prices can be volatile due to changes in demand and production capacity.
Plastic resin sales are a critical aspect of the plastics industry, as they determine the revenue earned by manufacturers and suppliers. Plastic resin compounding is another essential process that involves mixing different types of resin and additives to create custom formulations with specific properties.