Good chemistry: Overall manufacturing is increasing, boosting industry demand

The Chemical Product Manufacturing industry in Ohio produces a variety of products such as driers, facsimile toners, sensitized film, activated carbon, industrial salt, swimming pool chemicals, writing inks and custom compounded resins. Over the five years to 2018, the industry is expected to fall at an annualized rate of 0.6% to $2.7 billion. Despite steady increase in demand in key-end markets such as the automotive and construction sector, a decrease in price of crude oil and natural gas decreased operators' top-line selling prices. However, a rebound in crude oil and natural gas prices in 2018 is expected to help the industry bounce-back at an annualized rate of 1.5%...purchase to read more.

Industry Statistics & Market Size
Revenue
$3bn
Annual Growth 13-18
-0.6%
Forecast Growth 18-23
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Profit
x.x%lock
Employment
4,349
Businesses
110
Market Share of Companies

Industry Threats & Opportunities

  • A rebound in crude oil and natural gas prices will help operators increase selling prices boosting top-line revenue figures

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    Industry Report - Industry Key Buyers Chapter

    •The Chemical Product Manufacturing industry in Ohio has a low to moderate level of market share concentration.•The top four operators in the industry are expected to account for less than 20.0% of total industry revenue.•The level of concentration is higher than the US industry.• In Ohio, small businesses dominate the manufacturing sector. In the Chemical Product Manufacturing sector, an estimated 53.1% of total establishments employ less than 20 people...purchase to read more.

    Additional Insights for the Chemical Product Manufacturing in Ohio Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Chemical Product Manufacturing in Ohio Industry are

  • Ability to expand and curtail operations rapidly in line with market demand
  • Concentration on core business
  • Optimum capacity utilization

    • IBISWorld analysts also discuss how external factors such as World price of crude oil and Manufacturing GDP for Ohio in the Chemical Product Manufacturing in Ohio industry impact industry performance..

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    What's in this report

    Industry Products

    What is the Chemical Product Manufacturing in Ohio Industry?

    This industry manufactures a diverse range of chemical products. Key activities include custom compounding plastic resins and manufacturing toners, toner cartridges, photographic chemicals and sensitized photographic film, paper and plates. Custom compounding of plastic resins includes custom mixing and blending of purchased plastic resins and reformulating plastic resins from recycled plastic products.

    Industry Products
  • Custom compounding of purchased resins
  • Photographic film, paper, plate, and chemical manufacturing
  • All other miscellaneous chemical product and preparation manufacturi
    • Industry Activities
  • Custom compounding resins
  • Reformulating plastic resins from recycled plastics products
  • Manufacturing sensitized film, paper, cloth and sensitized plates
  • Manufacturing toners and toner cartridges
  • Manufacturing photographic chemicals
    • 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
  • World price of crude oil
  • Manufacturing GDP for Ohio
  • Industrial production index
  • Value of residential construction in Ohio

    • Current Performance
    Industry Outlook
    Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Chemical Product Manufacturing in Ohio Industry Lifecycle vs The Economy

    • Products & Markets

    Supply Chains
    Key Buying Industries
  • Construction
  • Manufacturing
  • Office Stationery Wholesaling
  • Camera Stores

    • Key Selling Industries
  • Inorganic Chemical Manufacturing
  • Organic Chemical Manufacturing
  • Paper Mills
  • Plastic & Resin Manufacturing
  • Wood Pulp Mills

    • Products & Services
  • All other miscellaneous chemical product and preparation manufacturi
  • Custom compounding of purchased resins
  • Photographic film, paper, plate, and chemical manufacturing
  • Chart: Chemical Product Manufacturing in Ohio Industry Products and Services Segmentation

    • Major Markets
  • Manufacturing
  • Construction
  • All Other
  • Chart: Major Market Segmentation for the Chemical Product Manufacturing in Ohio Industry

    • Business Locations
    Chart: Business Locations by State

    Competitive Landscape

    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Chemical Product Manufacturing in Ohio

    • Basis of Competition
    Barriers to Entry

    Major Companies

    Lubrizol Corporation, BASF SE, INEOS Group, PMC Global Inc.,
  • Table: Lubrizol Corporation - financial performance
  • Table: BASF SE - financial performance
  • Table: INEOS Group - financial performance
  • Table: PMC Global Inc. - financial performance

    • Operating Conditions

    Capital Intensity
  • Chart: Level of Capital Intensity for the Chemical Product Manufacturing in Ohio 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 Chemical Product Manufacturing in Ohio Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (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

    Jargon & Glossary

    Feedstock
  • A raw material supplied to a machine or processing plant that is used for manufacturing.
    • Polymer
  • A chemical compound that has repeating structural units; the term is often used as a synonym for plastic.
    • Sensitized Material
  • A material made sensitive to light by coating it with a photographic emulsion.
    • What Our Customers Say
    Why buy this report?

    IBISWorld’s industry research report on Chemical Product Manufacturing in Ohio 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 Chemical Product Manufacturing in Ohio:
    • 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 Chemical Product Manufacturing in Ohio 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 Chemical Product Manufacturing in Ohio, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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