MANY REASONS FOR THE RISE IN POLYMER PRICES
There are so many causes for the rise in polymer prices that the situation is being compared to a perfect storm affecting the entire construction industry. Exceptional price increases and shortage supply are slowing down public and private construction sites everywhere.
To the Arctic disturbance that froze the United States at the end of 2020, reducing polypropylene production by 90% and ethylene production by 67%, other critical issues have been added. Steel has increased by up to 130%, polyethylenes by a total of 40%, oil and copper by 34%: the alarm is global and companies are trying to deal with the emergency.
Not least of these is the Covid-19 pandemic, which shows no sign of slowing down and is worldwide hampering all production and raw material supply operations.
A GLOBAL ISSUE
Companies are dealing with exceptional increases in the cost of raw materials and an increasing difficulty in finding them in order to cope with a visible growth in demand in the building industry in general and for resin floors in particular.
The problem involves not only Italy, but all European countries and is already spreading to other sectors. The trade associations, such as Ance and Avisa, are working on the subject
SIVIT is deploying all its resources to cope with critical situations and contain the prices of polymers. Effective collaboration with leading European chemical companies has so far enabled us to find the raw materials to fill orders and satisfy customers.
The most important raw material for us, epoxy resin, has increased by 130%. At the moment we are able to guarantee supplies and we are working to provide continuity and overcome the crisis.
However, the production of some products is slowed down by the non-availability of polyurethane hardeners. SIVIT laboratory is therefore working on the search for effective alternatives that will allow satisfactory solutions and limit customer inconvenience as much as possible.
The crisis is evident. However, we are confident that despite the difficulties, the arduous journey in search of new sources and new solutions for flooring will lead to technical improvements and even stronger cooperation with suppliers and customers.