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Basic Plastics and Synthetic Resin Manufacturing in China: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Basic Plastics and Synthetic Resin Manufacturing Market Research Report | May 2016

IBISWorld’s Basic Plastics and Synthetic Resin Manufacturing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Industry Statistics & Market Size
Revenue
$161bn
Annual Growth 11-16
6.3%
Annual Growth 16-21
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Profit
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Employment
502,223
Businesses
2,103
Industry Analysis & Industry Trends

Revenue for the Basic Plastics and Synthetic Resin Manufacturing industry is estimated at $160.8 billion in 2016, up 3.1% from 2015. Over the past five years, revenue has been growing at an annualized rate of 6.3%. Growth was fast in the beginning of the five-year period due to increasing domestic market demand and foreign demand. However, downstream industries like building construction (IBISWorld industry report 4710) and household electronic appliance manufacturing (3954) have been suffering since the government stimulus package of 2010 came to an end.

In 2015, output of synthetic resin reached 76.9 billion tons, up 10.6% from 2014. After years of output expansion and technological improvements, the industry is more capable of satisfying domestic demand.... purchase to read more

Industry Report - Industry Investment Chapter

For every dollar spent on labor (including wages and research and management costs), about 84 cents are spent on capital, indicating that the Basic Plastics and Synthetic Resin Manufacturing industry in China requires a high level of investment.

The manufacturing of basic plastics and synthetic resin involves many chemical reactions that cannot be conducted manually. Therefore, it is subject to a high mechanization level. Enterprises must make considerable purchases of fixed assets like manufacturing facilities and equipment. Due to rapid technology changes aimed at increasing output capacity and complying with increasingly stringent government environmental regulations, the life span of industry facilities is short, leading to high depreciation... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Basic Plastics and Synthetic Resin Manufacturing Industry?

Companies operating within the Basic Plastic and Synthetic Resin Manufacturing industry in China produce primary plastic materials from oil and natural gas products. Major products of the industry include polyethylene (PE), polypropylene (PP), polyvinyl chloride (PVC), acrylonitrile butadiene styrene (ABS), and polystyrene (PS).

Industry Products
Polyvinyl chloride (PVC) Polyethylene (PE)Polypropylene (PP)Polystyrene (PS) Acrylonitrile butadiene styrene (ABS) Other products
 
Industry Activities
General plasticsEngineering plastics


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