Overview

Resilient resin: Revenue to bounce back over the next five years due to improving demand and input costs

The Plastic & Resin Manufacturing in Illinois Industry Research Report measures market size, analyses current and future trends, and provides an indication of market share for the industry’s largest companies. IBISWorld’s collection of industry market research reports gives you insightful, up-to-date information on the supply chains, economic drivers, and key buyers and markets for hundreds of industries.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • Lower demand put pressure on profitability, leading to average margins declining over five-year period
  • The cost of manufacturing plastics rises and falls in accordance with oil and natural gas prices
  • Stronger industrial production and construction activity in Illinois will lead to revenue bouncing back

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    Industry Analysis & Industry Trends

    Over the past five years, the Plastic and Resin Manufacturing industry in Illinois has suffered revenue decreases, due mainly to weak manufacturing activity in the state, as well as volatile prices for key inputs. While both the residential and nonresidential construction sectors have rebounded and showed strong growth over the five years to 2017, demand from these industries could not offset the lack of demand from the declining manufacturing sector, or the falling prices of natural gas and crude oil. However, over the next five years, however, these trends are expected to reverse. Input prices are expected to rise, and manufacturing is expected to show modest growth, which, in conjunction with continued strong demand from the construction sector, is expected to boost industry revenue...

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    Industry Report - Industry Key Buyers Chapter

    Concentration in the Plastic & Resin Manufacturing industry in Illinois is low. The top four companies in the industry are estimated to have a combined market share of less than 5.0% in 2017. This industry is highly fragmented, with an estimated 41.5% of all companies employing fewer than 20 people. This industry is fragmented due to the specialized nature of downstream markets. The variety of downstream markets, such as automotive, airplane, defense, construction, mining, energy and gas sectors, give smaller companies an advantage by specializing in individual product segments rather than producing a vast array of products. The number of enterprises operating in the industry has grown over the past five years. How..

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    Additional Insights for the Plastic & Resin Manufacturing in Illinois Industry

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

  • Guaranteed supply of key inputs
  • Concentration on core business
  • Optimum capacity utilization
  • IBISWorld analysts also discuss how external factors such as Manufacturing GDP for Illinois and Value of private nonresidential construction in Illinois in the Plastic & Resin Manufacturing in Illinois industry impact industry performance..

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    Industry Products

    What is the Plastic & Resin Manufacturing in Illinois 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 resins and plastics materials
    Thermosetting resins and plastics materials
    Synthetic rubber (vulcanizable elastomers)
    All Other
    Industry Activities
    Thermoset resin
    Thermoplastic resin
    Synthetic rubber
    Polyethylene resin
    Polypropylene resin

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Manufacturing GDP for Illinois
  • Value of private nonresidential construction in Illinois
  • Value of Residential Construction in Illinois
  • World price of crude oil
  • World price of natural gas

  • Current Performance
  • Structural issues hamper growth
  • Cost and profit
  • Chart: Revenue Growth

  • Industry Outlook
  • Rebounding demand
  • Selling prices to improve
  • Table: Plastic & Resin Manufacturing in Illinois Industry Revenue Outlook

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

  • Products & Markets
    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
  • Thermoplastic resins and plastics materials
  • All Other
  • Thermosetting resins and plastics materials
  • Synthetic rubber (vulcanizable elastomers)
  • Chart: Plastic & Resin Manufacturing in Illinois Industry Products and Services Segmentation

  • Manufacturing
  • Construction
  • Demand for substitute goods

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

  • Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesLabor and capital expensesOther expenses
  • Chart: Cost Structure Benchmarking – Sector vs Plastic & Resin Manufacturing in Illinois

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Plastic & Resin Manufacturing in Illinois Industry

  • Major Companies
    Cope Plastics Inc.HexionMRC Polymers Inc.National Plastics and SealsStar Thermoplastics
  • Table: Cope Plastics Inc. - financial performance
  • Table: Hexion - financial performance
  • Table: MRC Polymers Inc. - financial performance
  • Table: National Plastics and Seals - financial performance
  • Table: Star Thermoplastics - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Plastic & Resin Manufacturing in Illinois Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

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

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Plastic & Resin Manufacturing in Illinois Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • World Price of Crude Oil (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    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 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 Illinois:
    • 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 Illinois 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 Illinois, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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