Polycarbonate Price Forecast Report 2024-2025 | Latest Prices, Outlook, Market Dynamics, Demand-Supply Analysis, Extensive Forecast, Detailed Insights, Historical and Forecast Data

Polycarbonate Price Forecast

Polycarbonate price projections exhibit stability in markets for the coming months. The supply and demand outlooks will most likely sustain their parity. A recent upswing in upstream costs after the crude oil prices inclined in the first quarter did hit the costs up and tightened the supplies a little. However, the subdued demand projections are balancing that out in the longer term. Thereby, Polycarbonate prices are expected to attain a steady trajectory in the near future.

Market Dynamics

Recently, the market dynamics for polycarbonate have been modest relative to the other petrochemicals. With the heightened tensions in the Middle East, polycarbonate price outlook took a slight uptick in Q1’24 because of increased production costs. However, as the upstream costs normalized the market prices also corrected for polycarbonate. Globally, a subdued demand dynamic has been driving the prices for polycarbonate. Saudi chemical giant Sabic noted that in the global market, polycarbonate prices have held steady, unaffected by fluctuations in underlying factors. Despite an increase in the cost of feedstock materials and a surge in supply levels, the demand for polycarbonate continues to show weak growth. This imbalance between supply and demand dynamics has not yet impacted pricing, keeping polycarbonate costs stable for the time being.

Trinseo has also announced that it is considering the closure of its virgin polycarbonate production facility in Stade, Germany. This strategic move, pending approval, is anticipated to enhance the company's annual profitability by $15 million to $20 million compared to the year 2023. The decision comes as part of Trinseo's broader asset and cost optimization strategies implemented over the past 18 months, which have already begun yielding financial benefits.

Annual Outlook for Polycarbonate Industry

The year 2024 began with a slight uptick in polycarbonate prices during the first quarter due to increased production costs prompted by heightened geopolitical tensions in the Middle East. However, these prices later adjusted back to normal as upstream costs normalized and alternative supply sources were secured. Despite an increase in the cost of feedstock materials, the global demand for polycarbonate has remained weak due to economic slowdown in major markets. This subdued demand is stabilizing market prices, preventing significant fluctuations in the near term. However, in the major capacity additions of the year, Covestro has launched a significant expansion in its production capabilities by opening a new state-of-the-art plant in Antwerp, Belgium, capable of producing polycarbonate copolymers on an industrial scale using an advanced solvent-free melt process. This new facility, representing a mid-double-digit million euro investment, incorporates a novel reactor concept, enabling the production of polycarbonates with adjustable properties tailored to specific applications. The increased production capacity and efficiency gains from this cutting-edge facility could potentially lead to lower production costs and increased supply, exerting downward pressure on polycarbonate prices in the long run, provided demand picks up.

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Historical Price Data and Analysis:

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• Forecasted price trends for the next 2 years using statistical modelling and fundamental & technical analysis.

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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.