Is there a shortage of resin for your driveway? The cost of resins are expected to rise in the coming years, despite recent cold weather. Winter storms such as Uri and sub-zero temperatures have caused resin prices to rise. But, what is the solution to the problem? A lack of regulation and official qualifications for resins will only make the problem worse. Here are some ways to prevent poor installations.
Prices of resins will continue to rise
The global supply chain is experiencing significant challenges, and the shortage of resin in some regions has led to higher prices. Aside from increased transportation costs, the Russia/Ukraine conflict is affecting gas prices, and this is impacting resin prices. Additionally, the availability of containers for import is in question due to congestion at ports and rail terminals. While resin inventories have increased, production is not recovering at the same rate. The shortage of drivers is causing delays in the delivery of resin.
One of the reasons for the shortage of resin is the COVID-19 pandemic. This disease has crippled the supply chain of resin producers, causing many to go out of business. The effects of this epidemic have caused production facilities and shipping ports to shut down, impacting supply chains and the supply of materials. The result is an increase in the price of driveway resin. But the good news is that prices of driveway resin will continue to rise.
The cost of a resin driveway will depend on the size and complexity of the project. Stone and metal driveways are the more expensive option, but timber will eventually rot and need replacing. Resin driveways can also be SuSD compliant. Despite the rise in demand, prices will continue to rise. A resin driveway is a great way to add value to your property. There’s a wide range of resin prices and you can choose between the most expensive and the cheapest resin for your project.
The winter of 2014 brought with it the problems of a resin shortage. Mid-February, sub-zero temperatures swept much of the United States, causing widespread power outages and damaging infrastructure. Winter Storm Uri also forced the temporary closing of oil refineries and petrochemical firms. One of these companies, Hexion, is located in Columbus, Ohio. As a result, it has been unable to supply the resin it needs to complete the project.
In addition to allowing cars to drive over the surface with minimal slipping and sliding, resin-bound driveways also offer good anti-freeze properties, making them ideal for sub-zero climates. This makes it safer to drive and park on the surface because it resists freezing temperatures and freezes without cracking. This also prevents flash floods, which can cause havoc on driveways. Resin-bound driveways also resist UV rays, which means they won’t fade in colour when exposed to the sun’s UV rays.
Because resin has a melting point of 200 degrees, it is more resistant to high temperatures than tarmac. Tarmac softens easily and cracks more easily in hot weather. Unlike resin-bound driveways, tarmac doesn’t look as appealing when the temperatures soar. Aside from this, they are also cheaper than tarmac. This type of driveway also has a longer lifespan.
Winter storm Uri
The shortage of VER, or vinyl ester resin, has been cited as one of the biggest problems affecting the market. The storm caused damage to chemical manufacturers, which supply VER, leading to a nationwide shortage. While these plants are currently working to rectify the problem, the widespread shortage of VER is causing the price of VER to rise significantly. In fact, Diamond Fiberglass is reporting a 62% price hike.
In February 2021, Winter Storm Uri swept through the U.S. and left millions of residents without power and water. It damaged homes and businesses and forced numerous school closures. The storm also caused extensive damage to infrastructure, including pipelines. The impact was estimated at $150 billion, according to AccuWeather. In addition to driveways, it also affected manufacturing of a wide range of plastic materials, from PVC to polyethylene.
In addition to the lack of supply of a key material, the shortage of resin also affected the global market. Due to the Russian-Ukraian conflict, fuel prices are rising globally. This will impact logistics and transportation, keeping resin prices high. Additionally, as a result of the shortage of a key raw material, manufacturers are scrambling to meet demand. Currently, 85% of the country’s production of polyethylene takes place in Texas, and the demand for this material is far greater than supply.