1. US, Canadian PE, PP Plants Prepare for Impact of New Tariffs
North American manufacturers and suppliers are preparing for trade flows to shift in response to the 25% tariffs that the US President is expected to impose on non-energy imports from Canada.
The US was originally scheduled to impose the 25% tariff on Canadian goods on February 4, but the implementation was delayed by about a month.
According to sources, Canadian-based suppliers of both resins have accelerated shipments to US warehouses in February 2025, aiming to sell off inventory held in March to avoid the tariffs.
The exact scope of the tariffs on chemical products imported into the US from Canada remains unclear. However, many polymer producers have said they will be responsible for paying the cost of the proposed tariffs.

2. Polypropylene Market Expected to Grow by 5.81% by 2030
The global PP market size is expected to reach USD 328.5 billion by 2030, growing at a CAGR of 5.81%. This increase is driven by increased demand from the packaging, automotive, and construction industries.
In particular, according to many assessments, the demand in the Asia-Pacific region is the fastest growing region for PP demand, due to faster industrialization and urbanization.
However, the market also faces many challenges from fluctuations in raw materials and environmental factors. PP is known to be one of the plastics that has a major impact on the environment.

3. China announces 2024 plastics industry growth of 2.9%
In the middle of this week, China’s Ministry of Industry and Information Technology released production data for the country’s plastics processing industry in 2024. Accordingly, in 2024, China’s plastics industry will reach an output of 77,076 million tons, up 2.9% from 2023.
This growth reflects the industry’s commitment to innovation, as companies increasingly invest in new sustainable and environmentally friendly processes, materials and products to meet the changing needs of consumers. With the continuous development of new technologies and products, the outlook for the plastics industry remains stable and positive.

From https://www.thitruonghatnhua.com/