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 Investment Chapter
For every dollar spent on labor (including wages and research and management costs), about 73 cents are spent on capital, indicating that the Basic Plastics and Synthetic Resin Manufacturing industry in China requires a high level of investment.
The manufacturing of basic plastics and synthetic resin involves many chemical reactions that cannot be conducted manually. Therefore, it is subject to a high mechanization level. Enterprises must make considerable purchases of fixed assets like manufacturing facilities and equipment. Due to rapid technology changes aimed at increasing output capacity and complying with increasingly stringent government environmental regulations, the life span of industry facilities is short, leading to high depreciation... purchase to read more