Industry Analysis & Industry Trends
The Plastic Product Manufacturing industry has expanded strongly in recent years due to increasing demand from major downstream industries such as automobile manufacturing, computer equipment manufacturing, and household products manufacturing. However, as more firms entered the industry, competition intensified, leading to lowered prices and profits.
The industry experienced rapid growth to 2008, mainly due to increasing domestic demand from downstream manufacturers. In 2009, growth of the industry revenue dropped to 2.3% from 15.4% in 2008, due to the global financial crisis, weaker domestic demand and lower prices.
However, industry revenue increased by 22.1% to $18.8 billion, and during 2011 revenue is expected to increase 8.8% to $21.85... purchase to read more
Industry Report - Industry Products Chapter
Plastic electrical product parts make up the industry's largest product segment. This segment's plastic parts are used for electrical applications and account for an estimated 66.3% of industry revenue in 2011. In recent years, industries involved in the manufacturing of electrical products have experienced rapid development, and this has greatly increased demand for plastic components used within electrical products. This segment as a share of industry revenue is expected to continue to increase in future years.
Plastic product parts for transportation make up the industry's second-largest product segment. This product segment is expected to account for 18.7% of industry revenue in 2011... purchase to read more