Market - news on Plastech

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Demand for PET Packaging Material to reach $60 billion by 2019

Demand for PET Packaging Material to reach $60 billion by 2019 The global PET packaging market is worth $48.1 billion in 2014, amounting to almost 16 million tonnes according to a market report from Smithers Pira.

Evonik acquires US silicic acid esters producer

Evonik acquires US silicic acid esters producer With its acquisition of the US company Silbond, Evonik consolidates its position on the global market of functional silanes.

German machines' sales nearing records level

German machines' sales nearing records level Turnover in plastics and rubber machinery manufacturing fell only slightly short of the most recent record of 6.5 billion euro.

Weak paper demand hits BASF

Weak paper demand hits BASF BASF will shut down an annual capacity of latex of 120,000 metric tons and cut 250 jobs.

Analysts expect caps & closure market to grow

Analysts expect caps & closure market to grow The caps & closures market is estimated to grow from $42.7 billion in 2012 to $56.6 billion by 2018.

First European application of Lanxess' Lewabrane membrane

First European application of Lanxess' Lewabrane membrane Lanxess' fouling-resistant membrane technology is being used on a large scale at the Dammweg thermal power station in Chemnitz, Germany.

Sibur sold OJSC Plastik

Sibur sold OJSC Plastik The company has sold its 100% stake in OJSC Plastik to the group of private investors for RUB 575 million.

Lanxess increases prices for rubber chemicals

Lanxess increases prices for rubber chemicals The price increases will impact all product lines and will range from 0.05 Euro/kg to 0.30 Euro/kg.

Bioplastics market grows above average

Bioplastics market grows above average The bioplastics market is predicted to grow from around 1.4m tonnes in 2012 to approximately 6.2m tonnes in 2017, according to European Bioplastics.

Dow separates from chlorine business

Dow separates from chlorine business Assets are being carved out for future transactions represent up to $5 bn of total annual revenue.