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 Products Chapter
Polyvinyl chloride (PVC)
Polyvinyl chloride represents about 25.5% of industry revenue in 2015. The top domestic suppliers of PVC are China Petrochemical Corporation and Dagu Chemical Co. Ltd. PVC is used in almost all walks of life, but especially within the Building Construction industry (IBISWorld industry report 4710). There was rapid development in the domestic construction industry over the past five years, which stimulated growth in this product segment. However, the real estate market has been cooling down since 2011, so this segment is expected to remain stable in the future.
Polyethylene is the second-largest contributor to industry revenue, with an estimated share of 24.8% in 2015... purchase to read more