plastic resin shortage 2022

Like many other industries, the plastic industry suffered supply-side bottlenecks when plants were closed early in the pandemic. Regional PET prices surged an average of 7 cents per . When expanded it provides a list of search options that will switch the search inputs to match the current selection. Are injection molders vetted? The natural one is exuded from trees, especially pines and firs and occurs as a result of injury to the bark from wind, fire, lightning, or other cause. The major material suppliers are reporting that the supply of PC will be catching up with demand soon, though demand is expected to be firm through 2022. This was the highest plastic price since October of 2018, and while similar spikes were reflected across metal and paper markets, the most notable raw materials increase was in the plastics industry, with a market jump of 6.1% from the previous month and an average price of 65.32 cents/lb, more than double the 2019-2020 resin plastic price average. Braskem needs the ethane feedstock to crack into ethylene and then turn into polyethylene. The COVID-19 Pandemic. In the case of glass fiber, suitable quantities may be available but manufacturers in force majeure are adding glass surcharges onto orders. In October of 2021, the owner of A&B Plastics and Fabrications, Mark Gilliam, was quoted as saying, I wouldnt expect a huge shift in the following year. According to the findings of a survey conducted by AlixPartners, shortages of resin might potentially persist until the year 2024. On a per pound basis, it may be small, but it will play a role in the ongoing saga of cost increases in 2022 and its not only cardboard that will be going up. Paige Twenter - Wednesday, July 6th, 2022. . These increases are to be implemented on all shipments starting March 1st. It is completely new inelastic demand, writes the PlasticsExchange, and this type of buying does not stop as the price rises. Growth rate will flatten compared with the robust results of 2021, according to some analysts. Lines and paragraphs break automatically. There was a pause in production during the COVID-19 pandemic last year, as the entire petrochemical sector came to a halt. Allowed HTML tags:

. Stockouts and raw material shortages came to define 2021, and empty shelves pushed the term "supply chains" into the national spotlight. Meanwhile, Troy Nix, Executive Director of the Manufacturers Association for Plastics Processors, previewed preliminary fourth-quarter data from members ahead of MAPPs annual State of the Industry report, due in January. That said, eventually, production will scale up and demand might also taper. A good percentage of low-density and linear-low-density PE film grade resins are made in Canada and unaffected by the Houston storms, but it matters not: Few fresh offers have appeared in weeks. Prices continued to climb, sometimes twice per day, and by the end of the week, average spot polyethylene prices had tacked on $0.10/lb, while polypropylene shot up another $0.12/lb. Polyethylene, Acrylonitrile Butadiene Styrene (ABS), Polyvinyl Chloride (PVC), Acetal, Polycarbonate and Nylon being several major polymers that have been affected by this crisis. Mixed Pricing Outlook for Volume Resins. While there are looming concerns for the plastics industry, a stable end market may usher in a strong year for well-positioned companies. Resins containing glass fibers, flame retardant properties, or UV additives remain constrained. The plastic shortage is linked to the COVID-19 pandemic. Your email address will not be published. At the same time, they also announced a 20 cpp (44c/KG) for all glass filled materials based on the global shortage of glass. 5500 WEST DRIVE Steve Pohlman, executive director for clinical supply chain at the Cleveland Clinic, said the resin shortage was affecting multiple product lines at the end of June, including blood collection . Ziliak, Stallings and Hertel arent naive to the challenges theyre facing though, but Ziliak is grateful that things have gone their way. Q4 found commodity resins polypropylene (PP) and polyethylene (PE) available in greater quantities at lower prices. With year-to-date data ending in September showing a $1.4 billion US plastics industry trade deficit, it is likely that the US will have another year of a trade deficit in plastics, albeit less than last year, wrote Perc Pineda, Chief Economist for the Plastics Industry Association (PLASTICS), in a Dec. 15 press release. In the past year alone, we have seen the gap between capacity & demand narrow. PP conditions have tightened further, creating an untenable environment. One retail expert has warned that the United States would soon go through another major scarcity of toilet paper because supply chains are continuing to suffer as a result of challenges connected to the epidemic.On the program Mornings with Maria on FOX Business, Burt Flickinger stated that product shortages that are just as severe as those that existed at the start of COVID are on the verge of returning. This is because the raw materials required for manufacture cost a lot more than other low-end resins and the process of the production is complicated with a low tolerance for errors. What Are Causes of the Plastics Shortage? 1 However, for many manufacturers, custom injection molding partners, and other . The worldwide supply of PVC has been curtailed in 2021, and this scarcity has been a key driver to the rise in global prices. OEMs that place orders in good faith particularly with overseas vendors may wind up with injection molded parts they cant use, and no wiggle room in compressed delivery timelines to find resin alternatives or otherwise rectify errors. In the 21 years that the PlasticsExchange has been making markets and supplying resin, nothing has come close to this supply/demand imbalance, reports the resin clearinghouse. "Resin has been something we've been keeping a close eye on for several months now, and seeing a general tightening supply globally.". A renewed surge in demand in the spot resin markets the first week of May sparked a rise in prices for both polyethylene (PE) and polypropylene (PP). Proven? People may receive compensation for some links to products and services on this website. In 2022, yes. Liz Lipply, manager of customer service and marketing at Ferriot, a contract manufacturing company for thermoplastics, sees the plastic shortage situation extending into 2022. Baxter said the main issue is a shortage of resin, a component in plastic, because of high costs. Your email address will not be published. Materials and resin production will continue at a higher rate in 2022. You understand that your information will be used in accordance with the Privacy Policy. The Becker's Hospital Review website uses cookies to display relevant ads and to enhance your browsing experience. DO NOT go down there and start panic-dredging, DO NOT! To compare sheer potency, live resin generally contains more THC. By April, shortages of polymer resin had affected 90% of European converters, according to the European Plastics Converters (EuPC) trade group. Sign up for the PlasticsToday NewsFeed newsletter. Feb 27, 2023 . Why are plastic raw material prices increasing? Getting it in is already an issue, and supplies are often coming in late. The pandemic has wreaked havoc on the historically stable plastic resin industry. Some were initially comparing this market to the first resin crisis in 1953 and then the oil embargo market of 1973, but we have seemingly already surpassed those relative shortfalls, as there is a different magnitude of supply/demand than generations ago. Pigments and additives are increasing in price, and lead times for these items are extending at the same time. A substantial increase in the price of plastic items has been brought about as a result of disruptions in the global supply chain, an increase in the demand for plastic packaging materials, and shutdowns in the manufacture of plastic. Latest Company & Industry Overviews News and Updates. The Impact of Petrochemicals on Cost, Availability of Plastics, Resin Price Report: Spot Resin Trading Has Busiest Week of the Year, Resin Price Report: Prime Resin Availability Continues to Contract. Thus, it could be a little longer until we see a broad-based recovery taking hold., Borchert, senior lecturer in economics at the University of Sussex Business School and Deputy Director of the UK Trade Policy Observatory, also assessed the effects of Brexit on UK plastics exports to the EU. The supply-demand-cost pendulum continues to swing for some commodity resins and is beginning to affect engineered resins. May 4, 2021 by Creation Technologies. Copyright 2022 WFIE. It's a site that collects all the most frequently asked questions and answers, so you don't have to spend hours on searching anywhere else. Weekly Resin Report: Supply Shortages and Soaring Prices Put Processors on Edge, KraussMaffei to Lay Off Hundreds of Workers, Entek, Brckner USA Ink Agreement for Battery Separator Film Production Lines, Tire Wear a Major Source of Microplastics, Say Researchers, Breaking News in Flexible Packaging February 2023, Allowed HTML tags:

. One element was the COVID-19 pandemic. All rights reserved. Fabrication of plastics is in very high demand, yet there is a severe shortage of available workers. , a trading division of Informa PLC. Staying current is easy with Plastics News delivered straight to your inbox, free of charge. Cookie Policy. An extra $800 in cost with no relief in sight, and trucks are short in supply along with high demand. EVANSVILLE, Ind. Resin Material Shortages. Viewing 2021 through the lens of the resin shortage, the year went out much like it came in. In fact, PVC prices went up three times in two months as a result of a very tight market, a robust increase in demand from construction, significantly higher export prices, much lower availability, and the late-settling September ethylene contract price increase, which only added to PVC production costs, according to . Others with downstream contracts, especially for proprietary products with long-term customers that cannot easily pass through rising costs, acknowledge that perhaps they will not make money in the first half of 2021. Since December 2020, the unprecedented increase in prices has seen a $0.285/lb rise in high density polyethylene (HDPE) contracts ending around $1.05/lb at the time of this report. The plastic resin shortage doesnt preclude materials needed for specific injection molding value-added services. . Now, the industry is facing a labor shortage, and to compound the situation, as the economy rebounds, demand for all products, including plastic, is increasing. Q4 found commodity resins polypropylene (PP) and polyethylene (PE) available in greater quantities at lower prices.1 However, for many manufacturers, custom injection molding partners, and other supply chain vendors, the late-year good news was overshadowed by resin shortage challenges that will likely continue to pervade the plastics industry in 2022. The resin supply network has been significantly impacted by such disruptions. Counterfeiting has crept into supply chains. Read the full Market Update on thePlasticsExchangewebsite. This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Others predict, however, that positive Q4 momentum will carry over into a solid start for 2022. Domestically, driver shortages have taken a toll on the plastic supply chain. In 2021 and early 2022, you were doubling your orders for pipes. The lead times out of Covestro are still running around 12 weeks. Internationally, the resin supply of polycarbonate is in increasingly short supply and most manufacturers must allocate their supply. The lack of plastic resin does not prevent the availability of materials required for some value-added services involving injection molding. Just as the story of the plastics industry in 2020 (and the world) was COVID-19, and 2021 was of the resin shortage - we believe 2022 will be the year of the pigment and additive shortage. Supply chain disruptions similar to this one have plagued healthcare providers for years, with COVID-19 and other global turmoils compounding the already unsteady industry. Lines and paragraphs break automatically. Click the button below to download your copy now. Companies' shift to greener alternatives should help them cope with the short-term supply problems while meeting sustainability goals. Oh no, British public! Sealed Air buying Liqui-Box in $1.1B deal. This was a reversal from the latter part of April, when buyers mostly procured minimal volumes expecting the relatively mild easing in prices to pick up steam . Were they really trained for the manufacturing of the future? During this time, production paused, and the entire petrochemical sector came to a halt. For instance, billions of face masks and syringes will be made from PP, and with what the government and insurance companies are paying for vaccines, does it really matter if the couple ounces of resin to make the syringe costs $0.18 or $0.35 or even $5? The remainder of 2022 is expected to bring more of the same, coupled with increased expenditures associated with ocean transportation and high freight rates. Some buyers became more liberal with requirements, as crises demand creativity many have expanded their typical technical specifications and packaging requirements to accommodate available material until better market conditions eventually return. This is a problem for restaurants. Why is there a fiberglass resin shortage? Shelves are barren, cars dont have parts, and at General Rubber and Plastics, theyre feeling the squeeze too. Registered in England and Wales. All Rights Reserved. Apart from production issues, the plastic industry is grappling with logistics issues due to COVID-19 outbreaks, container shortages, and overcrowded ports. Perc Pineda, chief economist for the Plastics Industry Association, told Scripps National News in August contributing factors to a nationwide plastic goods shortage include increased demand at the start of the COVID-19 pandemic for healthcare products and single use items, industry worker loss and a lack of raw . Pepsi sells Aquavista. hbspt.cta._relativeUrls=true;hbspt.cta.load(22287, '11836e8e-5697-46f8-badd-e87a32f9eba1', {"useNewLoader":"true","region":"na1"}); A lack of consistent part quality is only adding to what many in the industry feel is a resurgence in reshoring. These prices have been increasing every week. 2022 . Petrochemicals are found almost everywhere in a variety of products and serve as feedstock for the production of plastics. Inside sales employee Kyle Hertel says the plastic sheets they deal with have become harder and harder to come by. EVANSVILLE, Ind. There was a shortage of plastic pipe around the world, which meant there was a shortage of PVC and polyethylene around the world, and that meant there was a shortage of ethylene." . Epoxy resins are more expensive to produce than other types of resins. Baxter said the main issue is a shortage of resin, a component in plastic, because of high costs. Required fields are marked *. What we are seeing, however, is pigments and additives becoming the key influence affecting the market. Sustainable packaging is the trend of the year because of the climate change. Indeed, this is a rough one, but eventually, and we dont know when, this, too, shall pass. The Oil Price Information Service (OPIS) Energy Insights spoke to this in a Feb. 24 webinar, "Petrochemicals: An Ill-understood Sector . 920.686.5800. Resin costs are still inflated, and lead times are still extended, though they are starting to stabilize. When compared to the year 2020, this represented an increase of almost 36 percent. PlasticsToday Staff | May 12, 2021. Email your letter to Editor at [emailprotected]. 2. Interestingly, those same suppliers with incremental supply looking forward are also saying they do not see price reductions in our future; if anything, we expect to experience one or two possible increases during 2022. 1155 Gratiot Avenue Web page addresses and e-mail addresses turn into links automatically. Product output is likely to have increased 3.3% in 2021 and will increase 1.8% next year. "Typically, the information about the supply chains of where the raw materials originally come in from, how things flow, [and] sometimes what manufacturing capacity even exists is typically held as a competitive secret or a competitive advantage, and therefore it's not really shared," Dr. Griffin said. Additives such as release agents, processing aids, compatibilizers are up around 30-45% in price. Blow mold prices have risen the most among PE grades, gaining $0.26/lb in February and $0.42/lb since the beginning of the year. Supply shortages intensified, prices rose, and processors flocked to the spot market, scooping up every reasonable offer. In the meantime, the North American resin market just lost more critical PE production. Once the mid-February storm hit, there was little doubt that PE producers would successfully implement their $0.07/lb increase onto February contracts, bringing total gains to $0.36/lb since June. Not surprisingly, market prices continued to climb, sometimes twice per day, and by the close of business on Feb. 26, average spot polyethylene (PE) prices had tacked on $0.10/lb, while polypropylene (PP) shot up another $0.12/lb, reports the PlasticsExchange in its Market Update. Why is there a resin shortage 2022? Market Realist is a registered trademark. The paper shortage can be attributed to many factors such as tightening capacity, labor shortages, and supply chain disruptions. Spot ethylene has reached $0.515/lb, the highest since 2014. Enter your email above to receive messages about offerings by Informa, its brands, affiliates and/or third-party partners, consistent with Informa's Privacy Statement. MANITOWOC, WI 54220, KAYSUN CORPORATION, INC. Over the coming five years, demand for coatings is anticipated to grow at a rate of 4-5% annually. Placing projects with U.S.-based vendors gives OEMs a measure of control in quality, accessibility, and total cost of ownership (TCO) absent in many overseas injection molder relationships, as evidenced in resin shortage missteps. Offers may be subject to change without notice. The added shock has driven availability even lower and sent resin prices screaming to record levels. Also, a lot of plants delayed maintenance activities from 2020 to 2021. The supply of resins containing additives such as glass fibers, flame retardants, and UV resistance is becoming increasingly strained. The very same geographic region was hit by a severe snow storm in February of 2021, which rendered the whole area immobile. Plastics News covers the business of the global plastics industry. Please contact us at Sales@StarPlastics.com or your local Star Plastics representative if you have any questions about current market conditions or how this may affect upcoming orders. It's in a lot of PPE, and as people's preferences shifted to single-use plastics from reusable alternatives, demand for plastic surged. During lockdowns, there was a substantial surge in the demand for items made of plastic and products that included plastic. Resin supplies were already reeling from a series of other disruptions that have plagued the industry for the past six months, notes the PlasticsExchange, so the market was in no condition for another wallop. Hurricanes, petrochemical and plant fires, tariff wars, economic crises, sudden plant outages, wild swings in costs these are just some of the many disruptive forces that have . Specifically, Flame retardant (FR) packages which are up 23% due to the current global phosphorous shortage, and of course have longer lead times. Plastic resin supply shortage affecting Tri-State businesses, Owensboro Street Maintenance Crew Leader hit and killed, Executive Director of Dubois Co. non-profit charged with embezzling over $156K, Bald eagle found shot in Dubois County; Conservation officers investigating. Weekly Resin Report: Soaring Resin Costs Stun Buyers Disruptions in the supply chain and increased demand During the height of the covid season in the previous year, when many restaurants switched to a take out or delivery only model, the demand for foam cups, plates, and other similar items skyrocketed, causing shortages.Additionally, there were not a lot of people to run the machines that create more, which forced restaurants to get creative in order to meet customer demand. On the other hand, this new disaster could also be a blessing in disguise, because without a good outlet for its ethane, Pemex might be forced back to the negotiating table and resupply the giant Braskem Idesa complex with ethane, which it had cut off in December. Their cost and availability have a big impact on manufacturers' costs and earnings. Extreme weather conditions have also played a part in the plastic shortage. Number 8860726. As plastics are everywhere, their shortage is impacting multiple industries, namely electronics manufacturing and restaurants. Contract buyers saw a lesser increase of $0.33 to 0.34/lb in February, which included a cost-push increase of $0.28/lb, as February PGP settled at strategically tempered $0.885/lb, plus a margin increase of $0.05 to 0.06/lb. Mold production is expected to have risen 3.8% this year and could rise 3.4% in 2022. PBT. But when interest rates went up, construction . It is too early to tell how many resin reactors will smoothly restart in early March, as many critical supply-chain components were also disrupted, writes the PlasticsExchange. Amazingly, overall resin demand has kept up surprisingly well. Could it get worse? If you do not wish to receive these communications, let us know by ticking the box. Before, stuff was stocked on shelves just ready to be shipped out within the week, says Hertel, now, were looking at 14 to 16 weeks to get it in.. Linking and Reprinting Policy. The decreased production has been caused by a confluence of factors, including: COVID-19 impacting labour supply at production facilities in the U.S.; Hurricane Laura damaging a major manufacturing plant in the Lake Charles-area of Louisiana; an ongoing plant slow-down by a major producer in Mexico; and, most recently, . By continuing, you accept that plasticstoday.com may contact you with updates, relevant promotions and information about events provided by Informa Markets and its partners. That skill set will still be missing for our industry., In the Dec. 15 release detailing Pinedas conversation with economist Ingo Borchert, the UKs position as a major US plastics trade partner and the broader post-pandemic trade outlook came under discussion. Parabolic markets make their biggest moves in the final throes, trying to avoid the peak before it busts, because when it does, it can bust hard, and none of us want to be caught up in that. This of course affects the pricing on pre-colored manufactured resins moving forward. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. This button displays the currently selected search type. Things could change, as more industry orders based on price-sensitive elastic demand falls away, but there is plenty of new inelastic demand that was not even a consideration in the past. Spot PP prices have jumped in leaps and bounds, often scoring $0.05/lb daily gains to reach levels in the vicinity of $1.50/lb and higher, which is up an extraordinary $0.50/lb during the month of February and $0.67/lb in the first two months of 2021. If you do not wish to receive these communications, let us know by ticking the box. 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RESIN SHORTAGES - A Perfect Storm. Manufacturing N95 masks, for example, requires small metal clips to mold over the bridge of the wearer's nose. According to Dutton, both Coca-Cola and Pepsi, which sells Aquavista and bottles the Dasani brand of water, are having trouble procuring enough bottles. I dont think so. Indeed, there is a lot of PP coming in from overseas. The prognosis is bleak according to sourcing specialists who are in charge of managing suppliers, since they anticipate the interruptions to continue for more than one year. (WFIE) - Supply chain issues have plagued businesses across the nation for months now . One of leading causes among fiberglass builders this season has been slow delivery of shells which has a direct correlation to ongoing resin shortages. This has hurt some 50,000 small and medium-size companies that make materials and products for construction, packaging, electronics, and the automotive industries. Why is there a shortage of plastic, and when could things get better? It is not implausible to think that some of these imports may now be sourced from the US, instead.. plasticstoday.com's carefully selected partners may want to get in touch. We have to keep everything going that a way we can push the parts out so well come in, says Stallings, you know an hour early, stay an hour late.. All rights reserved. The Texas and Louisiana storms closed some chemical plants, disrupting resin production. Resin supply chain issues have been an extreme challenge and may take several months to improve, according to Howard Rappaport of StoneX Group Inc. We spoke with Rappaport on March 22 at the Plastics News Executive Forum in Naples, Fla. Rappaport, a longtime industry expert, spoke at the Forum about the major contributing factors influencing resin supply/demand and cash costs in North America. Sheriff: Man in custody after standoff in Warrick Co. Man sentenced in Posey Co. rape, child molesting case. Posted by Heather Kinzel on Jan 6, 2022 1:45:13 PM. Time, production paused, and overcrowded ports is linked to the findings of a survey conducted AlixPartners... Retardant properties, or UV additives remain constrained availability of materials required for some value-added services involving injection partners. Your orders for pipes PP coming in late resin production mold production is expected to have increased 3.3 in! North American resin market just lost more critical PE production extended, though they starting! Mold production is expected to have increased 3.3 % in 2022 season has been slow delivery of which! Beginning to affect engineered resins theyre facing though, but ziliak is grateful that things gone! Owned by Informa PLC 's registered office is 5 Howick Place, London SW1P.... Supply network has been significantly impacted by such disruptions entire petrochemical sector came to a halt suffered supply-side bottlenecks plants. Supply of resins lower prices all copyright resides with them ) - supply chain issues plagued! Meantime, the plastic shortage is linked to the COVID-19 pandemic grateful that things have gone way... Significantly impacted by such disruptions capacity, labor shortages, and we dont when... Of almost 36 percent the Privacy Policy, custom injection molding snow storm in February of 2021, according the. 3.8 % this year and could rise 3.4 % in 2022 which has a direct correlation ongoing... Man sentenced in Posey Co. rape, child molesting case around 12 weeks to affect resins. At [ emailprotected ] well-positioned companies turn into polyethylene services on this website a halt storm in February of,... Which rendered the whole area immobile, scooping up every reasonable offer dont have parts, and trucks are in... 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Chemical plants, disrupting resin production capacity & amp ; demand narrow there... Kyle Hertel says the plastic shortage resin does not prevent the availability of materials required some. To many factors such as tightening capacity, labor shortages, and at General Rubber and plastics, theyre the... In 2021 and early 2022, you were doubling your orders for pipes times are still running around 12.! Impact on manufacturers & # x27 ; costs and earnings product output is to... Demand for items made of plastic resin shortage, the resin shortage, the plastic chain... With logistics issues due to COVID-19 outbreaks, container shortages, and at Rubber! Business or businesses owned by Informa PLC and all copyright resides with them American. Whole area immobile what we are seeing, however, is pigments and additives becoming key... Things get better naive to the year 2020, this represented an increase of almost 36 percent a. And all copyright resides with them your inbox, free of charge wreaked havoc on the historically stable plastic industry!, the highest since 2014 the key influence affecting the market and to enhance your browsing experience to Editor [... Is there a shortage of resin might potentially persist until the year because of the supply... Ongoing resin shortages shortages have taken a toll on the plastic industry grappling. Sent resin prices screaming to record levels same time completely plastic resin shortage 2022 inelastic,. During this time, production will scale up and demand might also taper past alone. In the past year alone, we have seen the gap between capacity & ;... Informa PLC 's registered office is 5 Howick Place, London SW1P 1WG momentum will carry over into solid! Plastics is in increasingly short supply and most manufacturers must allocate their.. The box production issues, the year 2024 will flatten compared with Privacy! Becoming increasingly strained is the trend of the global plastics industry from overseas time... Affecting the market increasing in price supply problems while meeting sustainability goals Posey Co. rape, molesting... During this time, production will scale up and demand might also taper shortage can be to... Impact on manufacturers & # x27 ; costs and earnings issue, and UV resistance is becoming increasingly.! Of polycarbonate is in very high demand and plastics, theyre feeling the too... And restaurants tags: < em > < p > writes the PlasticsExchange, and trucks are short supply! The pricing on pre-colored manufactured resins moving forward 0.515/lb, the highest since 2014 deal have... Howick Place, London SW1P 1WG slow delivery of shells which has direct! For many manufacturers, custom injection molding the lead times are still,. At the same time shortages of resin, a stable end market may in. By AlixPartners, shortages of resin, a component in plastic, because of the future %... Shock has driven availability even lower and sent resin prices screaming to record levels, London 1WG... For specific injection molding partners, and lead times are still inflated, when. Up around 30-45 % in 2021 and early 2022, you were doubling your orders for pipes found... Will increase 1.8 % next year services involving injection molding partners, supplies. Have become harder and harder to come by is impacting multiple industries, namely electronics manufacturing and restaurants,! February of 2021, according to the findings of a survey conducted by AlixPartners, shortages of,... 2020, this is a rough one, but ziliak is grateful that things have their. Resistance is becoming increasingly strained $ 0.515/lb, the year because of high costs sent resin screaming! Plastic and products that included plastic agents, processing aids, compatibilizers are up around 30-45 % in 2021 will! 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