High price on General purpose PS

The April styrene monomer reference price skyrocketed €300/tonne as a result of limited styrene available in the European market on the back of turnarounds at styrene plants during the second quarter. In response, polystyrene producers announced planned price hikes €15-20/tonne

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Driven by bioPET

The global bioplastics market is estimated to grow at a double-digit CAGR of 28.8% from 2014 to 2020, as per Future Market Insights (FMI). This market accounted for US$1.9 bln in 2014, and is expected to reach US$43.8 bln by 2020,

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