Revenue for the Basic Plastics and Synthetic Resin Manufacturing industry is estimated at $155.2 billion in 2017, up 2.3% from 2016. Over the past five years, revenue has been growing at an annualized rate of 4.8%. Growth was fast in the beginning of the five-year period due to increasing domestic market demand and foreign demand. However, 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 2017, output of synthetic resin is expected to reach 86.6 million tons, up 5.2% from 2016. After years of output expansion and technological improvements, the industry is more capable of satisfying domestic demand...purchase to read more.

Industry Statistics & Market Size
Revenue
$155bn
Annual Growth 12-17
4.8%
Forecast Growth 17-22
Profit
Employment
529,849
Businesses
5,935

Industry Report - Industry Key Buyers Chapter

The top four enterprises operating in this industry account for 44.5% of industry revenue in 2017. Concentration within the industry dropped significantly, from about 36.6% in 2008, as a large number of new companies entered and competition increased.Domestic regulations on environmental protection are relatively lower than that of more developed countries like the United States and Japan. This has attracted many foreign chemical giants to China in the past decade. These established companies brought with them advanced technologies and significant capital, increasing the level of competition.Industry concentration is expected to increase slightly over the next few years. Due...purchase to read more.

Additional Insights for the Basic Plastics and Synthetic Resin Manufacturing Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Basic Plastics and Synthetic Resin Manufacturing Industry are

  • Ability to expand and curtail operations rapidly in line with market demand
  • Effective cost controls
  • Degree of globalisation in the firm
  • IBISWorld analysts also discuss how external factors such as Downstream Markets and World demand in the Basic Plastics and Synthetic Resin Manufacturing industry impact industry performance..

    shopping_cartPURCHASE OPTIONS

    What's in this report

    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 plastics
  • Engineering plastics
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Downstream Markets
  • World demand
  • Systems and Technology - by Industry
  • World price of crude oil
  • Exchange Rates - Country Exchange Rates - International
  • Legislative Compliance Requirements

  • Current Performance
    Fluctuating economic climateEnterprisesImports and exports
  • Chart: Revenue Growth

  • Industry Outlook
    Downstream demandEnterprises and employmentNew technologyInternational trade
  • Table: Basic Plastics and Synthetic Resin Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Basic Plastics and Synthetic Resin Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Paint Manufacturing
  • Plastic Board, Pipe & Sheet Manufacturing
  • Plastic Parts Manufacturing

  • Key Selling Industries
  • Nitrogenous Fertilizer Manufacturing
  • Oil & Petroleum Refining
  • Organic Chemical Material Manufacturing

  • Products & Services
  • Polyvinyl chloride (PVC)
  • Polyethylene (PE)
  • Polypropylene (PP)
  • Polystyrene (PS)
  • Acrylonitrile butadiene styrene (ABS)
  • Other products
  • Chart: Basic Plastics and Synthetic Resin Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
  • Strong economic growth
  • Construction and auto sector development

  • Major Markets
  • Plastic packaging producers
  • Building material manufacturers
  • Household electronic manufacturers
  • Other
  • Automobile manufacturers
  • Chart: Major Market Segmentation for the Basic Plastics and Synthetic Resin Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Depreciation
  • Wages
  • Chart: Cost Structure Benchmarking – Sector vs Basic Plastics and Synthetic Resin Manufacturing

  • Basis of Competition
  • Price
  • Technology level
  • Output capacity
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Basic Plastics and Synthetic Resin Manufacturing Industry

  • Industry Globalization
    China Petrochemical Corporation, China National Petroleum Corporation, Yabang Investment Holding Group Co. Ltd., Zhenjiang Chimei Chemical Co. Ltd., Sanmu Group,
  • Table: China Petrochemical Corporation - financial performance
  • Table: China National Petroleum Corporation - financial performance
  • Table: Yabang Investment Holding Group Co. Ltd. - financial performance
  • Table: Zhenjiang Chimei Chemical Co. Ltd. - financial performance
  • Table: Sanmu Group - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Basic Plastics and Synthetic Resin Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Basic Plastics and Synthetic Resin Manufacturing Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Total Assets (2008-2022)
  • Output of Synthetic Resin (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Acrylonitrile Butadiene Styrene (Abs)
  • Industry product used in the manufacture of electronic appliances.
  • Olefin
  • An unsaturated carbon compound used in the manufacture of plastics and synthetic resins.
  • Polyethylene (Pe)
  • One of the most widely produced plastics. It is used in the manufacture of plastic packaging products.
  • Polypropylene (Pp)
  • One of the most widely produced plastics. It is used in the manufacture of plastic pellicle and plastic injection products.
  • Polystyrene (Ps)
  • Industry product used in the manufacture of electronic appliances and household commodities.
  • Polyvinyl Chloride (Pvc)
  • One of the most widely produced plastics. It is commonly in the construction industry.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Basic Plastics and Synthetic Resin Manufacturing market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Basic Plastics and Synthetic Resin Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Basic Plastics and Synthetic Resin Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Basic Plastics and Synthetic Resin Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

    Contact Us

    Want to speak to a representative? Call us.

    clear