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 Analysis Chapter
Basic plastics and synthetic resin are purchased by manufacturers to produce finished commodities. Consumer goods made of basic plastics and synthetic resin are present in almost every aspect of our life. Industry demand is reliant on the performance of its downstream industries like building construction (IBISWorld industry report 4710) and automobile manufacturing (IBISWorld industry report 3721).
Fluctuating economic climate
Over the five years through 2014, industry revenue has been growing at an annualized rate of 17.8% to total $159.9 billion. However, year-to-year growth has been volatile due to the global financial crisis of 2009 and its aftereffects.
Revenue maintained strong growth of 31.6% in 2008... purchase to read more