$2.4bn
$XXX.Xm
3,357
265
$XXX.Xm
Synthetic resin and synthetic rubber manufacturers have faced challenging operating conditions, with sales figures diminishing over the past few years. Declines across key downstream manufacturing industries and high import penetration have hindered the industry's growth. The COVID-19 pandemic further reduced revenue and demand for synthetic resin and synthetic rubber goods from 2019-20 to 2020-21. Many products are used as raw materials and intermediate inputs in a variety of downstream markets, including in the construction and manufacturing divisions. Product volumes often reflect domestic demand derived from these key markets, including polymer product manufacturers, which have trended downwards in recent years.
Industry revenue has declined at a CAGR of 3.2 % over the past five years, to reach an estimated $2.4bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 |
---|---|---|
Viva Energy Polymers Holdings Pty Ltd | 339.5 | |
Qenos Holdings | 270.0 | |
Wesfarmers | 100.7 |
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Industry revenue is measured across several distinct product and services lines, including Other thermoplastics, Synthetic rubber products and Thermosetting polymers. Other thermoplastics is the largest segment of the Synthetic Resin and Synthetic Rubber Manufacturing in Australia.
Capacity cuts have hurt polyethylene thermoplastics
Companies in the industry manufacture synthetic resins and synthetic rubber. Industry manufacturing includes mixing and blending resins and polymeric materials. Key products include synthetic resins, non-vulcanisable elastomers, and synthetic rubbers and blends. Industry products are sold to downstream industries, like packaging, chemical, construction and transportation firms.
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ANZSIC 1821 - Synthetic Resin and Synthetic Rubber Manufacturing in Australia
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Fluctuating input prices have affected manufacturers’ profit margins. High natural gas prices contributed to the recent collapse of the industry's largest player, Qenos which...
Learn about an industry's products and services, markets and trends in international trade.
Demand for synthetic resin and synthetic rubber products fluctuates with changes in downstream markets. Shrinking demand from polymer product manufacturing industries has red...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Victoria and New South Wales account for the majority of enterprises. These two states are home to Australia's largest petrochemical complexes - Altona and Botany - which in ...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Synthetic resin and synthetic rubber markets are part of a global commodity market. In most instances, Australia is a price taker, with overseas prices largely determining lo...
Learn about the performance of the top companies in the industry.
The industry is highly fragmented outside of the major players which dominate local production of specific product segments. Other industry participants typically produce nic...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Changes in wider economic conditions influence revenue volatility. Unsteady foreign exchange rates and world plastic prices cause revenue to fluctuate.
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Industry profit margins are low. Most industry manufacturers are small-scale producers unable to produce large volumes to benefit from economies of scale.
Including values and annual change:
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Key data sources in Australia include:
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These sources include:
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The market size of the Synthetic Resin and Synthetic Rubber Manufacturing industry in Australia is $2.4bn in 2024.
There are 265 businesses in the Synthetic Resin and Synthetic Rubber Manufacturing industry in Australia, which has grown at a CAGR of 1.2 % between 2019 and 2024.
The market size of the Synthetic Resin and Synthetic Rubber Manufacturing industry in Australia has been declining at a CAGR of 3.2 % between 2019 and 2024.
Over the next five years, the Synthetic Resin and Synthetic Rubber Manufacturing industry in Australia is expected to grow.
The biggest companies operating in the Synthetic Resin and Synthetic Rubber Manufacturing market in Australia are Viva Energy Polymers Holdings Pty Ltd, Qenos Holdings and Wesfarmers
Polyethylene thermoplastics and Thermosetting polymers are part of the Synthetic Resin and Synthetic Rubber Manufacturing industry.
The company holding the most market share in Australia is Viva Energy Polymers Holdings Pty Ltd.
The level of competition is moderate and increasing in the Synthetic Resin and Synthetic Rubber Manufacturing industry in Australia.