Industry Analysis & Industry Trends
Revenue for the Basic Plastics and Synthetic Resin Manufacturing industry is estimated at $159.9 billion in 2014, up 8.3% from 2013. Over the past five years, revenue has been growing at an annualized rate of 17.8%. Growth slowed in the latter years of the five-year period due to the lingering effects of the global economic crisis of 2009. Foreign demand for industry products has yet to rebound, and domestic growth has slowed. Specifically, 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 2014, output of synthetic resin is estimated at 65.1 billion tons, up 11.5% from 2013.... purchase to read more
Industry Report - Industry Locations Chapter
The Basic Plastics and Synthetic Resin Manufacturing industry is highly concentrated in the eastern provinces of China, which are the most developed.
Jiangsu province is expected to contribute about 34.3% of industry revenue in 2014 with 28.9% of total employment. About 26.4% of total enterprises operating within the industry are located in Jiangsu, including leading ones like Zhenjiang Chi MEI Chemical Co. Ltd. Jiangsu enterprises are also shouldering an estimated 25.0% of total exports in 2014. Jiangsu is one of the most developed provinces in China and has a high demand for plastic products. There are many plastic processing enterprises in the province, which underlies strong demand for synthetic resin... purchase to read more