Reinforced plastic: Despite increasing imports, downstream markets will revive industry demand

The Plastic Products Miscellaneous Manufacturing industry has experienced five years of steady growth, as demand within the industry's downstream markets have improved with the US economy. Operators rely heavily on several key industries to purchase their products. In addition to slowed downstream demand, overseas competition is constraining revenue growth. Since 2001, the United States has imported more plastic products than it has exported. Import competition has gained momentum due to looser regulations and lower labor costs in these regions relative to domestic manufacturers. As a result, the amount of imports satisfying domestic demand has increased over the five years to 2017 and is expected to continue doing so over the next five-year period. ...read more.

Industry Statistics & Market Size
Revenue
$100bn
Annual Growth 12-17
1.9%
Forecast Growth 17-22
Profit
Employment
377,289
Businesses
6,587
Market Share of Companies
There are no companies with a dominant market share in this industry
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Industry Threats & Opportunities

  • Growth in downstream markets is slated to continue, benefiting industry operators
  • Many operators have maintained profit margins by investing heavily in technology
  • While import growth is expected to remain strong, export growth will remain healthy
  • Industry Report - Industry Locations Chapter

    The location of manufacturing establishments is influenced by proximity to major markets, as well as material and supply industries. The distribution of manufacturing establishments also tends to be correlated with population density. The Plastic Products Miscellaneous Manufacturing industry is concentrated in the Great Lakes, Southeast and West regions of the United States. These regions combined are expected to account for 61.3% of industry establishments in 2017.The Great Lakes region accounts for an estimated 27.1% of industry establishments. This region is a manufacturing hub of the United States. Because downstream manufacturing industries are one of this industry's major market segments, it is not surprising that this industry has such a large presence in this region. Com...purchase to read more.

    Additional Insights for the Plastic Products Miscellaneous Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Plastic Products Miscellaneous Manufacturing Industry are

  • Favorable supply contracts for key inputs
  • Output is sold under contract - incorporate long-term sales contracts
  • Undertaking technical research and development
  • IBISWorld analysts also discuss how external factors such as Demand from car and automobile manufacturing and Demand from electrical equipment manufacturing in the Plastic Products Miscellaneous Manufacturing industry impact industry performance..

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    What is the Plastic Products Miscellaneous Manufacturing Industry?

    This industry comprises companies that manufacture a range of plastic products, including housewares, building materials, motor vehicle parts, resilient floor coverings and appliance parts. This industry excludes plastic film, sheets, bags, profile shapes, pipes, pipe fittings, laminates, foam products and bottles.

    Industry Products
  • Consumer, institutional and commercial fabricated plastic products
  • Fabricated plastic products for transportation applications
  • Plastic packaging
  • Fabricated plastic products for building applications
  • Reinforced and fiberglass plastic products
  • Plastic plumbing fixtures
  • Fabricated plastic products for electrical/electronic applications
  • Other plastic products
  • Industry Activities
  • Plastic housewares (e.g. fixtures and fittings)
  • Plastic building materials
  • Plastic packaging material (except bottles)
  • Plastic bottle cap and lid
  • Plastic floor covering
  • Plastic motor vehicle part
  • Plastic inputs for appliances
  • Plastic credit and identification card
  • Plastic inputs for consumer durables
  • Plastic trash container
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from car and automobile manufacturing
  • Demand from electrical equipment manufacturing
  • Demand from tool and hardware wholesaling
  • Value of construction
  • Price of plastic materials and resin
  • Trade-weighted index

  • Current Performance
  • Reviving demand
  • Recovering markets
  • Industry structure
  • International trade
  • Chart: Revenue Growth

  • Industry Outlook
  • Recovering markets
  • Growing trade
  • Profit squeeze leads to consolidation
  • Table: Plastic Products Miscellaneous Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Plastic Products Miscellaneous Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Flooring Installers
  • Computer Manufacturing
  • Computer Peripheral Manufacturing
  • Electrical Equipment Manufacturing
  • Car & Automobile Manufacturing
  • Automobile Interior Manufacturing
  • Auto Parts Manufacturing
  • Furniture Wholesaling
  • Tool & Hardware Wholesaling
  • Plumbing & Heating Supplies Wholesaling

  • Key Selling Industries
  • Industrial Machinery & Equipment Wholesaling
  • Plastic & Resin Manufacturing

  • Products & Services
  • Consumer, institutional and commercial fabricated plastic products
  • Fabricated plastic products for transportation applications
  • Plastic packaging
  • Fabricated plastic products for building applications
  • Other plastic products
  • Reinforced and fiberglass plastic products
  • Plastic plumbing fixtures
  • Fabricated plastic products for electrical/electronic applications
  • Chart: Plastic Products Miscellaneous Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
  • Economic factors
  • Major markets trends
  • Displaced demand

  • Major Markets
  • Hardware and home improvement wholesalers
  • Automotive manufacturers
  • Other
  • Plumbing fixture wholesalers
  • Electrical and electronic manufacturers
  • Furniture and furnishing wholesalers
  • Chart: Major Market Segmentation for the Plastic Products Miscellaneous Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Depreciation and rent
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Plastic Products Miscellaneous Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Plastic Products Miscellaneous Manufacturing Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Plastic Products Miscellaneous 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 Products Miscellaneous 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)
  • Price of plastic resin (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Blow Molding
  • A manufacturing process by which hollow plastic parts are formed.
  • Extrusion
  • A manufacturing process by which plastic or another material is forced through a series of dies to create desired shapes.
  • Injection Molding
  • A manufacturing process for forming objects by heating the molding material to a fluid state and injecting it into a mold.
  • Why buy this report?

    The Plastic Products Miscellaneous Manufacturing industry market report contains strategic analysis of the key drivers influencing the industry. Save hours of time on research and prospecting using IBISWorld’s standardized, up-to-date reports on thousands of industries. Our industry research provides growth and profit forecasts for a five-year outlook period, presented in a clear and user-friendly format.

    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 Products Miscellaneous 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 Products Miscellaneous 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 Products Miscellaneous Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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