Fantastic plastics: Increased demand will support revenue growth during the outlook period

Despite enduring a volatile period, the Plastic and Resin Manufacturing industry has experienced steady demand for its products over the five years to 2018. The industry, which relies on demand from downstream manufacturers and the construction sector, has benefited from increased construction and manufacturing activity, though low product prices have negatively affected revenue. Much like the current period, growing downstream markets are expected to support industry demand over the five years to 2023, although rising input prices will constrain the industry...purchase to read more.

Industry Statistics & Market Size
Revenue
$93bn
Annual Growth 13-18
-3.7%
Forecast Growth 18-23
Profit
Employment
77,806
Businesses
1,324
Market Share of Companies

Industry Threats & Opportunities

  • The industry has benefited from increased construction and manufacturing activity, though low product prices have hurt revenue
  • Increased demand for lower-priced goods has caused operators to increase employment
  • Demand for plastic-based construction materials is anticipated to expand
  • Industry Report - Industry Key Buyers Chapter

    The Plastic and Resin Manufacturing industry has a low level of concentration, reflecting the fragmented nature of the industry. There are an estimated 1,324 establishments operating in the industry, producing a variety of products. Thus, despite the existence of prominent global chemical groups, only one company has a market share greater than 5.0%. Another indicator of the low level of concentration is the fact that nearly 39.0% of all industry operators employ fewer than 20 workers. IBISWorld anticipates these trends to persist over the next five years...purchase to read more.

    Additional Insights for the Plastic & Resin Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Plastic & Resin Manufacturing 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 World price of crude oil in the Plastic & Resin Manufacturing industry impact industry performance..

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    What's in this report

    What is the Plastic & Resin Manufacturing 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
  • Thermoplastics - polyethylene
  • Other thermoplastics
  • Thermosetting resins and plastic materials
  • 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
  • World price of crude oil
  • World price of natural gas
  • Trade-weighted index

  • Current Performance
  • Steady demand
  • Cost and profit
  • Trade limits growth
  • Chart: Revenue Growth

  • Industry Outlook
  • Sustained demand
  • Profit remains strong
  • Table: Plastic & Resin Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Plastic & Resin Manufacturing 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
  • Thermoplastics - polyethylene
  • Thermosetting resins and plastic materials
  • Synthetic rubber
  • Chart: Plastic & Resin Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
  • Construction
  • Demand for substitute goods
  • Trade-weighted index

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

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    Profit PurchasesLabor and capital Other expenses
  • Chart: Cost Structure Benchmarking – Sector vs Plastic & Resin Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

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

  • Industry Globalization
    DowDuPont Inc.,
  • Table: DowDuPont Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Plastic & 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 Plastic & Resin Manufacturing Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)
  • World Price of Crude Oil (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    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 used chiefly in plastics that have some of the physical properties of natural resins but are different chemically.
  • 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.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Plastic & Resin Manufacturing contains five-year forecasts and data analysis that can help you identify and mitigate risks in potential new markets. Position yourself as an expert with internal stakeholders by using our comprehensive industry research to inform your reports, proposals and presentations. Our business information will save you money by helping you make better decisions, faster.

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    This report on Plastic & 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 Plastic & 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 Plastic & Resin Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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