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 Pandemic spending fuels investments in intellectual property   Dassault Systemes   In 2021, the American business sector did something it had never done before: It invested more money in intellectual property products than it did in equipment. This was not an anomaly caused by the pandemic, though it is likely the pandemic accelerated the arrival of this watershed moment. The gap in investment for these two categories had been steadily decreasing prior to the outbreak of COVID-19. Once the trends inverted, the subsequent gap expanded in 2022 and 2023. Now before I offer any opinions about how this will affect the plastics industry in the future, particularly the plastics machinery industry, I should explain what is meant by the terms intellectual property products and equipment. This shift in investment priorities will have far-reaching implications for the future of the U.S. economy, so it is important to have an idea about what these terms mean. Investment in intellectual property products consists primarily of spending for software and investments in research and development. It also includes investment in entertainment, literary and artistic originals, but this category is small compared to the other two. Investment in all of these categories is growing at robust rates. It strikes me that none of them represent a large end market for plastics products at the present time. There are likely to be niche opportunities, but that is about all I can see at the moment. Conversely, plastics products are an integral part of the equipment sector. On the graph I have charted the growth rates for investment in two of the major equipment categories: information processing equipment and industrial equipment. For comparison, I have also included a line for the growth in investment in intellectual property products.    Amy Steinhauser   Information processing equipment is by far the largest subcategory of equipment, and it includes not only computers and peripherals but also the communications, instruments, medical and office equipment segments. Industrial equipment is also a large segment of the overall equipment category, and it includes investment in plastics machinery. There are other large equipment subcategories, all of which are end markets for plastics products, which for the sake of simplicity I have chosen not to include on this chart. These include transportation, agriculture, construction, furniture and service industries equipment. Clearly, the equipment sector is large and important to the plastics industry. But my point is that total investment in equipment is garnering a diminishing share of the overall investment pie. Investment in industrial equipment, the category that includes plastics machinery, was actually down slightly in 2023 when compared with 2019 after adjusting for inflation. Another way of saying this is the trend in investment in industrial equipment for the last four years has been flat-to-down. By contrast, investment in intellectual property products has enjoyed average annual real growth of more than 7 percent during the past four years. Keep in mind that all of the data and trends I am talking about here are historical, but as we all know, past performance is not a guarantee of future results. The trends measure what happened both before and during the pandemic and also a couple of years after the pandemic. The outbreak of COVID-19 had an outsized effect on the data to be sure, but I suspect this may only be a blip in the data when compared with the future impact of artificial intelligence. After taking all of these factors into consideration, I offer this forecast for the trends in investment in equipment and intellectual property products over the next six to 18 months. Investment in artificial intelligence products will continue to ramp up, and this will catapult the growth curve for investment in intellectual property products back into an upward trajectory. The cyclical low for this curve will occur in the first half of 2024, and the graph will rise back up to the range of 7-8 percent by this year's end. The cyclical low points in this curve are occurring at a growth rate of around 5 percent, and I hesitate to offer any conjecture at what level the next cyclical peak will hit. If the AI boom is anything like the PC boom or the dot-com boom, then all of my forecasts will be too low. Suffice it to say 2025 will be another banner year for investment in this category. Investment in intellectual property will directly benefit investment in information processing equipment, so this curve is now past its cyclical low. By the end of 2024, this curve will rise back up to the 4-5 percent level. By next year, interest rates should be declining, so my outlook calls for a gain of 7-8 percent in investment in information processing equipment in 2025. My forecast for investment in industrial equipment is less optimistic. The AI boom will benefit some segments of the industrial equipment category, but it will likely hurt other segments. The long-term trend in industrial machinery will be an acceleration of the push toward products that are more efficient, more productive and more expensive. But with interest rates at the current levels, I do not see such a trend gaining traction this year. I would be happy to see the curve for investment in industrial equipment to get above the zero line in 2024, but I do not expect that to happen until we get a substantial decrease in interest rates in 2025. I will confess that my outlook is heavily influenced by the latest trends in the U.S. stock market, particularly the tech sector. In recent months investors have had a strong appetite for a very narrow list of stocks, and the gains in these few stocks have propelled the major indices to a steady string of all-time highs. This is largely attributed to expectations about the future of AI. I do not have any idea how high this trend will go or how much longer it will persist. I do know enough to pay attention to the clues and not to argue with the markets. I also know it is quite likely I will need to revise this forecast frequently. * source : https://www.plasticsnews.com/news/pandemic-spending-fuels-investments-intellectual-property 
이명규 기자 2024-06-24
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 Why didn't resin prices change as expected in May?     Two commodity resins saw surprising price drops in North America in May, with conditions remaining calm for other commodity materials. The May price declines affected polypropylene and PET bottle resin, while prices for polyethylene, PVC and polystyrene were flat. PP resin prices dropped an average of 2 cents per pound in May, matching a price decrease for polymer-grade propylene (PGP) monomer feedstock. It was the second consecutive monthly price decline for PP, following a 10-cent drop in April. That April move also matched a PGP price drop. These back-to-back price declines for PP in North America reversed a trend that had seen prices increase for three consecutive months and six times in the previous seven months. Combined with previous increases and decreases, regional PP prices now are down a net of 2 cents so far in 2024. PP supplier Blue Clover of New York said demand for PGP derivatives such as PP is "stagnant as a result of lower consumer spending on goods in the economy." The firm expects contract PGP pricing to bottom out in June, be flat for July and then start to climb higher in August. New PP entry Heartland Polymers opened a new unit with annual PP production capacity of almost 1.1 billion pounds in Strathcona County, Alberta, in late 2022. At NPE2024, PP Sales and Marketing Director Yonas Kebede said Heartland will launch a grade of random copolymer PP resin for injection molding later this year. Heartland's unit making propylene monomer at a propane dehydrogenation (PDH) plant at the site went offline because of a mechanical issue in March but came back online in late May. That unit had launched in late 2022, providing on-site feedstock for North America's only integrated, single-site commercial PP production. In a recent report, Houston-based consulting firm C-MACC said that a drop of more than 3 percent in Brent crude oil prices since the end of May "suggests lower export prices and downward pressure on U.S. domestic propylene derivative prices … [as a result] limiting producer margin gain ambitions."  Surprising PET moves North American PET bottle resin prices surprised some market watchers by dropping an average of 1 cent per pound in May. The price decline followed lower prices for raw materials, including paraxylene and purified terephthalic acid, according to an industry source contacted by Plastics News. PET demand, which typically increases in warmer months with higher consumption of bottled water and carbonated soft drinks, wasn't strong enough to negate lower raw material prices. Regional PET bottle resin prices had been flat in April after moving up a total of 5 cents in February and March. Prices for the material now are down a net of 1 cent so far in 2024. Although bottled water growth has slowed in recent years, PET and other plastics have gained in bottles for ready-to-drink tea, according to a report from Beverage Marketing Corp. Plastics accounted for just over 73 percent of tea bottles in 2019, but that number had increased to more than 85 percent by 2022.  Flat elsewhere North American PE prices were flat in May after a lengthy battle to secure a 3-cent increase for April. Prices for the material had been flat for the previous two months and five of the previous six, with the exception of a 5-cent hike that took hold in January. Some market watchers expected the 3 cents won by suppliers in April to be given back to buyers in May, but PE makers were able to hold it for another month. An additional 3-cent hike that was on the table for May was unsuccessful. U.S. and Canadian PE sales for April were the highest in two years, according to the American Chemistry Council. But PE inventories in the region remained relatively high in spite of the sales boost. Exports of PE resin from the U.S. and Canada reached an all-time high of 45 percent of total production in 2023. The export rate is slightly higher than that record level so far in 2024. By comparison, exports accounted for 23-28 percent of North American PE production in 2015-18 and 33-39 percent of that amount in 2019-22. North American PVC prices were flat in May after moving up 1 cent in April. The April hike was the third consecutive monthly price increase for that material. PVC prices in the region had increased 2 cents in March and 3 cents in February. In February, domestic PVC sales surpassed 900 million pounds for the first time since August 2022. One market source said that recent PVC resin production "showed no signs of turnaround activity impacting supply as inventory increased." U.S. housing starts for April came in at an annual rate of 1.44 million, according to the U.S. Census Bureau. That number was down more than 3 percent vs. March and more than 2 percent vs. the same month in 2023. Construction activity accounts for about 60 percent of North American PVC demand. One market source told PN that U.S. and Canadian PVC production through April was up more than 10 percent vs. that same period in 2023. The source added that production in April was boosted by the completion of maintenance turnarounds at some production sites. PS prices also were flat in May, mirroring flat prices for benzene feedstock, which is used to make styrene monomer. PS prices also had been flat in April, in spite of a slight decrease in price for benzene. PS prices had been up a total of 9 cents in February and March after dropping a total of 9 cents from November 2023 to January 2024. Market sources said the temporary shutdown of a styrene plant operated by Ineos Styrolution in Sarnia, Ontario, shouldn't have much influence on PS prices, since PS and benzene already were oversupplied in the region. Ineos Styrolution plans to permanently close the plant in 2026. In feedstocks, regional prices for crude oil and natural gas moved in different directions in May. West Texas Intermediate oil prices opened the month at $81.90 but dipped 6 percent to $77 by the end of the month. From that point, prices have bounced back 6 percent to $81.50 in late trading June 19. Markets for natural gas — used as a feedstock to make PE and PVC — have seen recent surges, as warmer temperatures increase demand for electricity used in air conditioning. Prices for the material started April at $1.99 per million British thermal units but surged 30 percent to $2.59 by the end of the month. From that point, prices have continued to climb, closing at $2.91 on June 18 — up 12 percent for the month to that point. * source : https://www.plasticsnews.com/resin-pricing/why-didnt-resin-prices-change-expected-may 
이명규 기자 2024-06-24
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Thailand’s GDP is expected to grow by 3.9% in 2023, according to the World Bank’s latest forecast, supported by stronger consumption, a recovery in the tourism sector, and strong pent-up demand following China's reopening. The World Bank projects economic growth of 3.6% in 2024.Export is an influential driver of Thailand’s growth. The forecast of the Thai National Shippers’ Council shows that the country’s exports may drop by 5-6% in the first half of the year before picking up in the second, but are expected to increase slightly by 1% in 2023.  The council also predicted that, benefiting from the Chinese economy and low base effect, the exports would improve in some sectors, such as electronics, automotive and agriculture.Although the global demand for Thai products has been affected by the trade tensions between major economies, the weak baht has helped boost the competitiveness of Thai exporters in some markets, the council added.Auto exports surged 43% in AprilThailand’s automotive industry has seen a remarkable recovery, thanks to the post-pandemic economic recovery, further improved semiconductor supply, and previous year’s low base. It is expected to continue growing in the coming months. The Thai automotive industry switched its primary focus to export market and since 2007, sales to overseas markets have steadily increased.According to the latest data from the Federation of Thai Industries (FTI), Thailand exported 79,940 finished cars in April, up 43.53% from the same month last year. The export value reached 50.16 billion baht, representing an increase of 49.83% year-on-year. Exports in the first four months increased 18.3% year-on-year.On the other hand, the domestic market remained slow, as auto sales dropped 6.14% YoY to 59,530 units in April, following an 8.37% decline in March. It was because of the tighter credit conditions for pickup truck buyers, as well as the ongoing pandemic impacts that has dampened consumer spending, according to the FTI.Other potential risks for the Thai automotive industry include rising cost of raw materials, fluctuation of exchange rates, and the uncertainties in the post-pandemic era.Poised to become EV production base in ASEANIn line with the global trend, the Thai government is accelerating the development of the EV industry under its ‘30@30’ policy in order to promote Thailand as an EV production base for the ASEAN region.The National EV Policy Committee published the ‘30@30’ policy in May, 2021. The policy aims to ensure that at least 30% of new vehicles will be zero emission vehicles (ZEVs) – battery electric vehicles (BEVs) and fuel cell electric vehicles (FCEVs) – by 2030.To support this, the government cut the annual road tax for new EVs, and it is encouraging public and private sectors to expand access to EV charging stations. Data from The Electric Vehicle Association of Thailand (EVAT) show that there were 1,239 charging stations in the Thailand in December, 2022.In addition, import duties on fully assembled BEVs have been cut to 40% for carmakers participating in the government’s BEV promotion scheme.Demand for sustainable packaging would increaseAccording to a report of Mordor Intelligence, the Thai packaging market has consistently grown over the past 10 years and is anticipated to register a CAGR of 8.65% over 2022 to 2027. The country’s economic expansion has led to a steady rise in both the production and consumption of packaging goods throughout time.The report says the consumption of non-recyclable plastic packaging is on the rise in Thailand. As a result, the demand for environmentally friendly packaging materials, such as paper and board, rPET, and bioplastic, would increase.Besides, the growth of the e-commerce and delivery industries has led to an increase in demand for packaging, not least flexible packaging. The TPBI, Thailand's leading packaging company, claimed that the company's sales of plastic bags and e-commerce packaging have increased since March 2020.The PE market in the country is expanding as a result of this tendency, and the demand for PE resin for packaging is expected to soar throughout the next years.The Thailand Plastics Industry Association (TPIA) also remarks that there is a growing market for plastic packaging in Thailand. Notably, the market growth is driven by the food and beverage industry that generates one-fourth of the country’s GDP.Due to expanding economy and evolving lifestyles, frozen food is now experiencing a rise in demand in Thailand, which in turn supports the growing demand for durable high sealing performance packaging.Potential medical sector for foreign investorsThe Ministry of Public Health’s 2016–2025 Strategic Plan reaffirms the position of the medical sector as a top priority for investment and growth in Thailand. Favorable regulations and incentives from the government and the Thailand Board of Investment (BOI) also play a key role in attracting international medical and healthcare enterprises to invest.With a well-established infrastructure already in place, Thailand has developed into a medical center for the ASEAN region. In Thailand, there are more than 1,000 governmental hospitals and 300 private hospitals. Government spending on healthcare has quickly increased, from less than 50% in 1995 to almost 80% recently.It is noteworthy that Thailand’s aging population will increase the demand for medical services in the next years. The proportion of people over 60 in the country is one of the highest in the ASEAN region. Additionally, Thailand is a medical tourism hub in Asia, with a rapidly rising number of foreign patientsChina tops Thailand’s FDIChina has become the leading source of foreign direct investment (FDI) in Thailand, especially in the high-tech industries including EVs, smart electronics, and medical devices.According to the Industrial Estate Authority of Thailand (IEAT), China accounted for 23.68% of the total FDI of 14.76 billion baht in Thai industrial estates in February, followed by Singapore (12.41%), Japan (11.65%), and India (6.39%).China’s investment in Thailand has increased sharply under China’s Belt and Road Initiative (BRI). The cooperation agreements signed between the two countries at the APEC 2022 further boosted Chinese investment in Thailand under the BRI and Thailand 4.0 policy.The IEAT expects more Chinese factories to be built in Thailand this year, as China lifted its travel restrictions and the IEAT offered incentives for target industries, reports Thailand Business News.Thailand 4.0 is an economic model that aims to unlock the country from several economic challenges. One of its main objectives is to create a value-based economy that is driven by innovation, technology and creativity. Environmental protection is also a key focus, looking to adopt an economic system capable of adjusting to climate change and low carbon society.source : https://www.adsalecprj.com/web/news/article_details?id=62415&lang=1edit : handler
Editor 2023-07-12
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Continental prepared for future of ADASAUBURN HILLS, Mich.—For Continental A.G., advanced driver assistance systems (ADAS) are nothing new.The company, whose autonomous mobility segment is based largely at its research and development center in Auburn Hills, has been working on ADAS systems since 1996.In more recent years, the focus has been on a full-stack system supplier solution, according to Vinh Tran, Conti's head of business area autonomous mobility for North America.Full stack includes three pillars—the system and the software; the ecosystem; and the component business, he said."What we try to do with a full-stack solution is to really make a scalable architecture."Continental aims to have those full stack solutions in each level of ADAS, one through five, from entry-level awareness systems to fully autonomous driving, Tran said.The focus now is on supporting functions such as lane-departure warnings, traffic-sign recognition, blind-spot detection—features that drivers know are there and working. When drivers are aware of ADAS systems, "they can slowly learn to accept the system," Tran said.As those systems evolve into more autonomous driving, drivers already will be accustomed to trusting ADAS, which will help them trust their vehicle to navigate during difficult situations, he said."It's a combination of trust as well as acceptance," Tran said.Drivers need to learn to trust systems like radar and Lidar, he said, as well as they trust their own eyes.Market leaderContinental has numerous systems and software functions on the market and is a market leader to many original equipment manufacturers, Tran said.The company's portfolio includes technology that uses radar and cameras including lane-departure systems, blind-spot detection, traffic-sign assists, rear cross traffic—a feature that uses short-range radar to determine if something or someone is near the vehicle and could create a collision—as well as traffic-jam assist, which uses cameras and radar to help ensure safety in a traffic-jam situation, he said.It's been a growing area for the company. Conti has been able to adapt its technology to changes."The architecture is getting more and more complex. And with that, also the components and the system and the software as well," Tran said.The company's autonomous mobility segment is headquartered in Auburn Hills, but the business also has teams in Mexico and Santa Barbara, Calif., the latter focused on developing Lidar systems through a partnership with technology company AEye Inc.Last year, Continental budgeted approximately $110 million for plant in New Braunfels, Texas, focused on ADAS components. The plant, which is expected to begin production later this year, will first focus on short-range radar products and eventually on camera products, Tran said.The focus on ADAS also ties into Conti's Vision Zero strategy—a future with zero fatalities, zero crashes and zero injuries on the road."In the end, our strategy in North America has been to be able to provide this solution to help create the autonomous mobility space," which will in turn reduce crashes, Tran said."It's a great vision and I think we're headed toward that. I think the market, and the entire market, is working towards that. As the technology evolves and evolves, I think that opportunity is increasing every day."source : https://www.plasticsnews.com/automotive/continental-prepared-future-adasedit : handler
Editor 2022-07-22
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'Switch has been flipped' on global EV growth, forecast saysBCG anticipates 59% of all new vehicles sold worldwide will be BEVs by 2035.Battery-electric vehicles will account for a majority of new light-vehicle sales worldwide by 2035 as government mandates begin and automakers roll out new models, according to a forecast by Boston Consulting Group.BCG anticipates 59 percent of all new vehicles sold worldwide will be BEVs by 2035, a double-digit upward revision from its estimate in 2021, which called for a 45 percent market share. Likewise, the consulting firm anticipates BEVs will make up 20 percent of worldwide sales in 2025, up from last year's forecast of 11 percent."We really think the switch has been flipped," said Aakash Arora, managing director and partner at BCG. "It used to be a few years ago that for many companies, both OEMs and suppliers, EVs were a very important piece of their strategy but still just a project. Now, we're seeing that EVs are the company and that ICE is the project."BCG's report released June 9 said BEVs are likely to benefit in the coming years because of a significant shift away from internal combustion engine vehicles as well as a "lower uptake" of mild-hybrid vehicles across the globe.By 2035, gasoline-powered internal combustion vehicles and those that run on diesel are expected to account for just 10 percent of global vehicle sales, compared with 85 percent in 2021, according to the report. The share of mild hybrids in the global marketplace is expected to grow from 3 percent last year to about 19 percent in 2025 before flattening out.BEVs, meanwhile, are projected to grow from a 6 percent share in 2021 to 20 percent in 2025, 39 percent in 2030 and 59 percent in 2035.The European Union is expected to lead the world in BEV uptake, driven by strict environmental regulations that come into effect over the next several years. BCG expects 93 percent of all new-vehicle sales in the region to be BEVs by 2035, compared with 9 percent in 2021.While the U.S. is expected to lag behind the EU, the country's BEV share should grow quickly, the report said, and be roughly in line with China's growth. About 68 percent of new-vehicle sales in the U.S. are expected to be BEVs by 2035, up from 3 percent in 2021.Arora said the U.S. is benefiting from a "fundamental shift" in the regulatory environment under the Biden administration, which has raised climate targets and set a goal of having half of all new-vehicle sales in the country be zero-emission by 2030."The U.S. is now very committed to electrification in terms of the emissions targets and what we see in funding coming in," Arora said.But significant challenges face the industry and government as both push to electrify, what BCG calls "the sting in the tail of this rosy outlook."Supply chain constraints, geopolitical uncertainty and increased demand have pushed prices for lithium, nickel and other raw materials needed for battery production up significantly over the last two years, leading to higher battery costs.BCG said the solution is for producers to build new facilities to meet demand, though that will "not be easy" given long lead times on such projects."As long as supply gaps persist, they could hamper the buildout of additional battery production capacity, hinder efforts to improve the battery range and lifespan of technologies, and delay — or even reverse — the declines in EV ownership costs," BCG wrote.Likewise, nations must quickly ramp up the development of charging networks if they hope to meet targets. For example, BCG said the U.S. will need 1.1 million public charging sites by 2025 and 2.3 million by 2030, compared with 100,000 that were available in 2020.While the Biden administration plans to spend $5 billion over the next five years on EV charging, the White House has said it is targeting 500,000 public charging stations nationwide by 2025, well short of BCG's estimated need. And the federal funding put toward EV charging by last year's infrastructure bill is likely to pay for less than one-tenth of those charging points, BCG said.Still, Arora said he was optimistic the auto industry and other key players would find a way to address such issues."Now that everybody is pointing in the same direction, we'll be working through these challenges," he said. "I'm not dismissing the importance or significance of them, but we think this will lead to a new kind of innovation on charging and battery types and in mining. And it's going to drive change in regulation."source : https://www.plasticsnews.com/news/switch-has-been-flipped-global-ev-growth-forecast-saysedit : handler
Editor 2022-06-24
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Orders for German plastics and rubber machinery plummeted 27 percent in the first quarter of 2022 compared to the prior year while overall sales were up 3 percent.   High demand from the packaging and medical sectors fueled demand in 2021 so the drop was somewhat of a base effect.   However, other factors have made it difficult for machine and equipment builders to process the orders and convert them to sales, according to officials of the mechanical engineering industry association, Verband Deutscher Maschinen- und Anlagenbau (VDMA), which is based in Frankfurt, Germany.   "First and foremost, there is the poor availability of materials," VDMA Plastics & Rubber Machinery Managing Director Thorsten Kühmann said in a news release.   The war in Ukraine and China's strict zero-COVID policy also have contributed to logistics problems and greater uncertainty in the market, which are having a negative effect on business.   As a result, the trade association is scaling back its original forecast that projected growth of 5-10 percent, saying it's no longer realistic for 2022.   "Due to the ongoing developments on the procurement market, we only expect a sideways movement or, in the best case, a slight increase in turnover for 2022 — despite full order books. We expect a development of zero to 2 percent," Kühmann said of the new outlook.   With more than 200 members, VDMA is the largest organization for mechanical engineering in Germany and Europe, particularly Austria, Switzerland, and France.   VDMA says German member companies represent sales of about 7 billion euros in core machinery and 10 billion euros including peripheral technology.   Every fourth plastics machine manufactured worldwide comes from Germany in terms of value, according to VDMA.   Meanwhile, the Italian machinery sector released results last week from the latest member survey that shows a 14 percent growth in production for the year 2021, with value exceeding pre-pandemic levels.   For the first quarter of 2022, Amaplast reported a 28 percent year-over-year increase in demand, particularly in overseas markets.   Amaplast's outlook for the second quarter also shows optimism with incoming orders expected to grow by another 6-7 percent.   However, Amaplast officials also said it was difficult to forecast for the coming months as there are many factors that may influence the performance of the industry. They pointed to the war in Ukraine limited manufacturing supplies and leading to higher energy costs as well as the COVID-related closures in China, including the port of Shanghai.   "Companies thus find themselves operating in an exceedingly complicated and also paradoxical situation. In spite of the above issues, orders continue to accumulate and it may become complicated for many companies to fulfill them," Amaplast said in a news release.
관리자 2022-06-13
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Kickstart: With EV sales increasing, batteries becoming a bigger questionWith EV sales increasing, batteries becoming a bigger questionWith electric vehicle sales picking up — EV sales were up 60 percent for the first quarter of 2022 and made up a record 4.6 percent of all U.S. sales — the auto industry and environmental groups are taking a harder look at what to do with the batteries in those cars once they reach the end of their life.Recycling for traditional batteries can be a mess. Polypropylene from cases have been relatively easy to recycle and turn back into new battery casings, but the lead and other chemicals in those battery have proven far more challenging. (The Tampa Bay Times won a Pulitzer Prize this week for its coverage of the health hazards related to lead battery recycling.)Lithium-ion batteries pose a different kind of challenge, because the chemistry for them includes valuable materials like lithium that are important to recover and use again. The plastics used in separator film and structural frames tend to get less attention related to recycling, although Singapore-based Ace Green Recycling Inc. said earlier this week it will build a plant in Texas to reclaim 15 million pounds of plastics each year from lead and lithium-ion batteries.The Alliance for Automotive Innovation on May 11 introduced what it termed a framework to "support and sustain a domestic circular economy for EV batteries, create manufacturing jobs, boost U.S. energy security and reduce reliance on critical mineral imports."Investments in EV batteries are expected to hit $515 billion by the end of this decade, our sister paper Automotive News writes.An appropriate material for a grand openingAny company can have a ribbon-cutting ceremony. When pipe maker Uponor North America marked the opening of its $5.5 million, 25,000-square-foot expansion in Hutchinson, Minn., it had a pipe-cutting ceremony.The expansion will support the growth of Uponor's cross-linked polyethylene pipe manufacturing. Apple Valley, Minn.-based Uponor North America is part of Finland-based Uponor Corp.The PEX pipe used for the ceremony was specially marked with the date and location and given to attendees after the event.Dancing into the hallWe've written many times about the Toy Hall of Fame, but the Strong National Museum of Play in Rochester, N.Y., is also home to the World Video Game Hall of Fame.While there are plenty of plastic components within any electronic toy, one of the inductees for 2022 relies even more on plastic, in this case a PVC sheet with sensors that make up the playing surface for home versions of Dance Dance Revolution.Like the Toy Hall of Fame, video games must meet certain criteria to qualify for a spot in the hall: Be considered an icon, show longevity, have wide geographical reach and influence other games.Since its debut in 1998, Dance Dance Revolution (also known as Dancing Stage in some areas) has gone on to influence other music-based video games with their own unique plastic interfaces for play, such as Guitar Hero and Rock Band. source : https://www.plasticsnews.com/kickstart/ev-sales-increasing-batteries-become-bigger-questionedit : handler
Editor 2022-05-16
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Water in PET bottles continues US dominance, but soft drinks reboundAustin, Texas — People drank more bottled water than ever in the United States last year, and more water than ever was consumed from single-serve PET containers.Research from the New York-based consulting firm Beverage Market Corp. shows bottled water became the largest beverage category ever for the country in 2021, surpassing carbonated soft drink's all-time high of 15.3 billion gallons in 2004."There's no reason to think that will not happen again this year because bottled water continues to grow," said Gary Hemphill, managing director at BMC, Feb. 15 at The Packaging Conference in Austin.Bottled water accounted for 24.6 percent of the U.S. beverage market last year, Hemphill said, according to preliminary results. That's up from 23.6 percent in 2020 and 18.7 percent in 2015.Carbonated soft drinks (CSD) represented 18.7 percent of the total U.S. beverage market volume in 2021, up from 18.4 percent in 2020, but still down from the 20.3 percent total posted in 2015.This uptick also can be expressed as a 2.2 percent volume increase within just the CSD category, a reversal from a 3.7-percent decrease in CSD volume in 2020 as COVID-19 curtailed movement and out-of-home experiences."One of the interesting things that happened last year is that carbonated soft drinks actually grew," Hemphill said. "It's kind of a big event if you are selling carbonated soft drinks or if you are drinking them, it's nice that the category has rebounded a little bit."Last year's CSD rebound reversed a 16-year trend of consumption decreases in that category, Hemphill said.Hemphill said that despite the increase, the uptick could be short lived."I think the big question going forward is if this rebound is sustainable. We'll see about that.," he said.Even though CSD companies have endured eroding demand, the market has been able to counteract the volume declines with price increases. "On a dollar basis, the category is doing very well, lest you feel for the category," Hemphill said.Milk, another beverage that commonly is packaged in plastic, had an 8.1 percent share last year, down from 8.4 percent in 2020 and 9.3 percent in 2015, BMC reported.PET single-serve water bottles represented 71 percent of the total bottled water market in 2021, up from 70.5 percent in 2020 and 68.4 percent in 2015. Bottles ranging in size from 1 to 2.5 gallons were 7.8 percent of the 2021 market, down from 8.1 percent in 2020 and 9.3 percent in 2015.Home and office delivery, another category that uses plastic bottles, was at 9.3 percent of the total last year, equal to 2020's totals, but down from 11.6 percent in 2015, BMC reported.Overall, plastic, metal and glass represents more than 90 percent of the beverage packaging used, BMC reports."Over the last five years, plastic has seen the most growth due mostly to the success of the bottled water category while cans increased in 2021," according to Hemphill's presentation.Plastic held 45.8 percent of the packaging market share for all beverages in 2021, down slightly from 45.9 percent in 2020, but up from 41.4 percent in 2015. Metal cans were at 37 percent last year, up from 36.2 percent in 2020 and 36.9 percent in 2015. Glass, meanwhile, checked in at 11.4 percent in 2021, 11.7 percent in 2020 and 14.3 percent in 2015.Subscribe to Plastics News now for award-winning news and insight.Paper was 4.3 percent last year, 4.5 percent in 2020 and 5.3 percent in 2015. And all other packaging was 1.5 percent in 2021, 1.6 percent in 2020 and 2.2 percent in 2015, BMC said.Bottled water consumption has been growing for years and was up again by 4.5 percent in 2021. That followed a 4.1 percent increase in 2020 and a 3.7 percent increase in 2019. Increases in previous years included: 4.9 percent in 2018; 6.1 percent in 2017; 7.9 percent in 2016; and 7.6 percent in 2015, Hemphill reported.While bottled water continues to lead in beverage sales, the category also rose in price in 2021 by 6.4 percent, BMC reported. That compares with an overall average increase of 7.8 percent for all beverage categories. Sports beverages was tops with a 12.7-percent increase in 2021, followed by carbonated soft drinks at 9.4 percent. Sparkling and seltzer water was up 6.1 percent, and enhanced water was up 4.7 percent."Beverages experienced unprecedented retail price increases in 2021 with some segments still seeing accelerations. Higher prices are likely to continue well into 2022," according to Hemphill's presentation.source : Water in PET bottles continues US dominance, but soft drinks rebound | Plastics Newsedit : plastic handler 
Editor 2022-02-22