Reinforced plastics: Increasing downstream demand is expected to revive industry revenue

The Plastic and Resin Manufacturing industry in California entails the sale of various types of plastics and resins. However, key products sold in California include polypropylene, polystyrene and polyethylene. Industry operators primarily sell to companies, both locally and nationally, or export their products internationally. Revenue growth is driven by demand, which is influenced largely by manufacturing activity, construction activity and the value of the dollar. While the industry will continue to struggle with certain challenges over the next five years, rising demand is anticipated to help fuel revenue growth. In addition, anticipated growth in the price of raw materials, namely crude oil and natural gas, will push product prices upward and boost revenue...read more.

Industry Statistics & Market Size
Revenue
$1bn
Annual Growth 12-17
-4.9%
Forecast Growth 17-22
Profit
Employment
3,196
Businesses
172
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Industry Threats & Opportunities

  • Revenue will rebound as demand for industry products rises in the manufacturing and construction sectors
  • Input prices have declined significantly due to rapid growth in production
  • Rising demand is anticipated to help fuel revenue growth over the next five years
  • Industry Report - Industry Analysis Chapter

    The Plastic and Resin Manufacturing industry in California entails the sale of various types of plastics and resins. However, key products sold in California include polypropylene, polystyrene and polyethylene. Industry operators primarily sell to companies, both locally and nationally, or export their products internationally. Revenue growth is driven by demand, which is influenced largely by manufacturing activity, construction activity and the value of the dollar. Over the five years to 2017, industry revenue is expected to decrease at an annualized rate of 4.9% to $1.4 billion. However, in 2017 alone, industry revenue is anticipated to rise 1.8% due to renewed demand from manufacturing...purchase to read more.

    Additional Insights for the Plastic & Resin Manufacturing in California Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Plastic & Resin Manufacturing in California Industry are

  • Guaranteed supply of key inputs
  • Concentration on core business
  • Optimum capacity utilization
  • IBISWorld analysts also discuss how external factors such as Value of construction and Trade-weighted index in the Plastic & Resin Manufacturing in California industry impact industry performance..

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    What is the Plastic & Resin Manufacturing in California Industry?

    This industry manufactures resins, plastic materials (i.e. polymers) and synthetic rubber. This includes thermosetting resins, thermoplastic resins and synthetic rubber. Raw material inputs are sourced from chemical industries and industries involved in the production of petroleum-based feedstock.

    Industry Products
  • Thermoplastic - Polypropylene
  • Thermoplastic - Polystyrene
  • Other Thermoplastics
  • Thermosetting Resins
  • Synthetic Rubber
  • Industry Activities
  • Thermoset resin
  • Thermoplastic resin
  • Synthetic rubber
  • Polyethylene resin
  • Polypropylene resin
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Value of construction
  • Trade-weighted index
  • Price of natural gas
  • World price of crude oil

  • Current Performance
  • Demand performance
  • Falling revenue
  • Decline in profit
  • Chart: Revenue Growth

  • Industry Outlook
  • Downstream growth
  • Industry landscape
  • Table: Plastic & Resin Manufacturing in California Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Plastic & Resin Manufacturing in California Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Plastic Film, Sheet & Bag Manufacturing
  • Plastic Pipe & Parts Manufacturing
  • Laminated Plastics Manufacturing
  • Polystyrene Foam Manufacturing
  • Urethane Foam Manufacturing
  • Plastic Bottle Manufacturing

  • Key Selling Industries
  • Electric Power Transmission
  • Natural Gas Distribution
  • Oil & Gas Pipeline Construction
  • Petrochemical Manufacturing
  • Petroleum Refining

  • Products & Services
  • Other Thermoplastics
  • Thermoplastic - Polypropylene
  • Thermoplastic - Polystyrene
  • Thermosetting Resins
  • Synthetic Rubber
  • Other
  • Chart: Plastic & Resin Manufacturing in California Industry Products and Services Segmentation

  • Major Markets
  • Manufacturing
  • Exports
  • Other
  • Construction
  • Chart: Major Market Segmentation for the Plastic & Resin Manufacturing in California Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    Profit PurchasesWagesOther
  • Chart: Cost Structure Benchmarking – Sector vs Plastic & Resin Manufacturing in California

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Plastic & Resin Manufacturing in California Industry

  • The Dow Chemical CompanyIneos GroupAmericas Styrenics LLCGS Polymers Inc.Pacific TPU Inc.
  • Table: The Dow Chemical Company - financial performance
  • Table: Ineos Group - financial performance
  • Table: Americas Styrenics LLC - financial performance
  • Table: GS Polymers Inc. - financial performance
  • Table: Pacific TPU Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Plastic & Resin Manufacturing in California 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 Plastic & Resin Manufacturing in California Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Demand from manufacturing (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Polyethylene
  • Any partially crystalline, lightweight thermoplastic that is resistant to chemicals and moisture, has good insulating properties and is used primarily in packaging and insulation.
  • Polymer
  • A chemical compound or mixture of compounds that consists essentially of repeating structural units.
  • Polypropylene
  • Any of the various thermoplastics or fibers that are polymers of propylene.
  • Resins
  • A large class of synthetic products that have some of the physical properties of natural resins, but are different chemically, and are used chiefly in plastics.
  • Thermoplastic
  • A synthetic resin that is capable of softening or fusing when heated and then hardening again when cooled.
  • Thermoset
  • A product that is relatively incapable of softening or fusing when heated.
  • Why buy this report?

    IBISWorld’s industry research report on Plastic & Resin Manufacturing in California can be used to help you understand the industry’s market size, growth potential and major companies. Five-year forecasts provide insight into the industry’s prospects, so you can make decisions with confidence. This information is perfectly suited to informing your business plans, pitch books, benchmarking and SWOT analysis.

    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 Plastic & Resin Manufacturing in California:
    • 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 Plastic & Resin Manufacturing in California 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 Plastic & Resin Manufacturing in California, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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