Coronavirus and polymers - what does a stalling auto sector mean for polymer markets?

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The world is different, now. The plastics industry was bright-eyed and optimistic heading in to the new decade. The protracted trade war between the US and China was pointed towards resolution, concerns over the fallout of Brexit had abated and demand expectations improved following a lack-lustre 2019. Such optimism was quickly withdrawn, however, as the coronavirus outbreak began to grip global economies, first in China and now world-wide. Welcome to our weekly update on how the coronavirus is impacting polymer demand. In each of these updates we’ll seek to provide you with • commentary about important developments surrounding coronavirus broadly • how we’re perceiving demand in different markets and regions • and how that is reflected in a newly developed coronavirus demand model

Table of contents

  • Global economy:
  • When the automotive sector sneezes, polymer producers better watch out
  • Panic in polyamide markets?
  • Rocky road ahead, or cruising on the highway to recovery?

Tables and charts

This report includes 6 images and tables including:

  • Pandemic response factors used to model our 'setback' scenario
  • Updates to our coronavirus impact on 2020 demand (‘setback’ scenario)
  • Hit to European auto production already a significant portion of 2019 output
  • Auto sales severely lower in the immediate aftermath of lockdowns
  • Lost share of forecast PA66 demand dominated by slowdown in auto sector
  • LMC forecasts auto sector rebounds in 2021

What's included

This report contains:

  • Document

    Coronavirus and polymers - what does a stalling auto sector mean for polymer markets?

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