Industry Analysis & Industry Trends
Revenue for the Basic Plastics and Synthetic Resin Manufacturing industry is estimated at $174.2 billion in 2015, up 7.5% from 2014. Over the past five years, revenue has been growing at an annualized rate of 14.1%. Growth slowed in the beginning 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 reached 69.5 billion tons, up 10.3% from 2013.... purchase to read more
Industry Report - Industry Key Buyers Chapter
The top four enterprises operating in this industry account for 22.9% of industry revenue in 2015. Concentration within the industry dropped significantly, from about 36.6% in 2008, as a large number of new companies entered and competition increased.
Domestic regulations on environmental protection are relatively lower than that of more developed countries like the United States and Japan. This has attracted many foreign chemical giants to China in the past decade. These established companies brought with them advanced technologies and significant capital, increasing the level of competition.
Industry concentration is expected to increase slightly over the next few years... purchase to read more