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 Products Chapter
Polyvinyl chloride (PVC)
Polyvinyl chloride represents about 25.5% of industry revenue in 2016. The top domestic suppliers of PVC are China Petrochemical Corporation and Dagu Chemical Co. Ltd. PVC is used in almost all walks of life, but especially within the Building Construction industry (IBISWorld industry report 4710). There was rapid development in the domestic construction industry over the past five years, which stimulated growth in this product segment. However, the real estate market has been cooling down since 2011, so this segment is expected to remain stable in the future.
Polyethylene is the second-largest contributor to industry revenue, with an estimated share of 24.8% in 2016... purchase to read more