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Basic Plastics and Synthetic Resin Manufacturing in China: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Basic Plastics and Synthetic Resin Manufacturing Market Research Report | Apr 2014

IBISWorld’s Basic Plastics and Synthetic Resin Manufacturing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Industry Statistics & Market Size
Revenue
$160bn
Annual Growth 09-14
17.8%
Annual Growth 14-19
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Profit
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Employment
441,551
Businesses
1,980
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 - Starting a New Business Chapter

A relatively high level of investment is required to start a business in the industry for the purchase of manufacturing facilities, raw materials and for research and development (R&D). The industry is also technology-intensive with R&D expenditure representing 4.2% of total revenue in 2014. Skilled workers are also necessary to manipulate machines.

The industry has attracted many large foreign oil companies like Total and BP since China has a relatively low environmental regulation barriers compared to most developed countries. However, according to the Comprehensive Scheme on Energy Saving and Emission Reduction during the 12th Five-Year Plan (2011 to 2015), regulations will be enhanced in the future... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Basic Plastics and Synthetic Resin Manufacturing Industry?

Companies operating within the Basic Plastic and Synthetic Resin Manufacturing industry in China produce primary plastic materials from oil and natural gas products. Major products of the industry include polyethylene (PE), polypropylene (PP), polyvinyl chloride (PVC), acrylonitrile butadiene styrene (ABS), and polystyrene (PS).

Industry Products
Polyvinyl chloride (PVC) Polyethylene (PE)Polypropylene (PP)Polystyrene (PS) Acrylonitrile butadiene styrene (ABS) Other products
 
Industry Activities
General plasticsEngineering plastics


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