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 SWOT Analysis Chapter
Over the 10 years through 2021, value added for the Basic Plastics and Synthetic Resin industry is estimated to increase 4.7% annually. In comparison, China's GDP is estimated to grow 6.5% per year over the same period. Currently, the industry is in the growing stage of its life cycle, but is gradually entering the mature stage of its life cycle.
The number of industry enterprises has been increasing at an annualized rate of 3.4% over the five years through 2016. Over the same period, output of synthetic resin has been growing 11.2% annually to address increasing domestic demand... purchase to read more