The year 2020 was challenging for Russian PET converting companies. Market participants noted a shortage of feedstock and an increase in prices, among other reasons being disruption of supply chains due to the COVID-19 pandemic, which negatively affected the market.
The automotive industry has been hit hard by the COVID-19 pandemic. The Russian Ministry of Industry and Trade predicts a 30% decrease in domestic car production in 2020, which will affect related industries. The leading experts told the CREON Group about the prospects and realities of the synthetic rubber market.
On September 28, CREON Conferences held the 10th International “Pesticides 2020” Conference. Leading experts in the plant protection products (PPP) market discussed the impact of COVID-19 and restrictive measures on the industry.
On September 22, CREON Conferences held the 9th international conference “Well Service and Oilfield Chemicals 2020”. Top managers from oilfield service and engineering companies assessed the market prospects in the new post-pandemic realities.
In 2020, the Russian market demand for polystyrene (PS), which has been declining steadily since 2013 due to its replacement with more environmentally friendly polymeric materials, soared amid the COVID-19 pandemic. Experts surveyed by CREON Group pointed out the growing popularity of PS against the backdrop of market deficits and rising prices.
The recovery of the PVC market is steady enough, compared to other plastics segments, as Russian PVC producers say. Meanwhile, consumers of PVC resin are reporting shortages and continued price growth, while import and domestic production go higher. How will the Russian PVC market develop further? The leading experts are sharing their views to CREON Group.
The Russian manufacturers of polycarbonate sheets experienced a massive increase in orders from both local and European companies during the coronavirus pandemic. The turnover of certain producers grew multiple times in May-July 2020. The leading experts in polycarbonate market told CREON Group how the industry was performing.
The Russian polymers industry is least affected by the coronavirus pandemic. Participants in the polyethylene market believe that integrally COVID-19 provided a kind of support by increasing the demand for disposable plastic products. CREON Group spoke to the leading PE market players about the current situation in the industry and their plans for the second half of the year.
In order for the European economy to recover from the COVID-19 pandemic, the EU has accelerated the decarbonization of the economy, and has assigned the lead role to hydrogen. The market volume is estimated at $700 billion, and the leading industrial countries are already fighting for a stake. CREON Market Monitor analyzes strategic trends in the emerging hydrogen market.
In 2019, Russia’s crop protection market grew by almost a third through increasing in cultivation area and intensification of agricultural production. However, the COVID-19 has shown how strong Russian producers depend on Chinese raw materials. CREON Group experts revealed recent trends.
