- Currently, resins are available in an increasingly short supply, and some manufacturers are being put on allocation.
- Global economies, such as China, are utilizing these resins at an exponential rate, and manufacturers are having a difficult time keeping up with the demand.
- Several large plastics manufacturing plants have been temporarily shut down for maintenance. One of these companies, Sabic, has implemented a new ERP system, and is currently still working out the kinks in the new system. This is resulting in some delays in North America. You can read more about that here.
Industry Update: Preparing for Acrylic Shortages and Price Increases
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Posted in: This & That
If you buy acrylic and polycarbonate regularly, you may have noticed recent price increases or heard rumors of shortages. Unfortunately, what you are hearing is true and likely to affect acrylic price and availability for some time.
What is causing the increase in price and shortage of material?
There are a variety of factors contributing to the issue: