Resin rejuvenation: A rising industrial production interest and stabilizing metal prices will help the industry moving forward

The Plastic and Resin Manufacturing Industry in Ohio makes a wide-variety of products such as resins, plastics materials, non-vulcanizable thermoplastic elastomers, synthetic rubber, chlorinated rubber, butadiene copolymers and acyclic rubber. Over the five years to 2018, the industry is expected to fall at an annualized rate of 1.5% to $4.8 billion. Decreasing selling prices of industry products on account of lower feedstock prices have led to top-line revenue figures decreasing, especially in 2015 and 2016. However, a strong manufacturing base in the state has helped operators to halt the decrease in both demand and selling prices when compared with the national industry. Consequently, industry revenue is expected to grow 1.9% in 2018...purchase to read more.

Industry Statistics & Market Size
Revenue
$5bn
Annual Growth 13-18
-1.5%
Forecast Growth 18-23
Profit
Employment
5,774
Businesses
104

Industry Threats & Opportunities

  • Like the US industry, hermoplastic resins and plastics materials dominate Ohio industry revenue
  • Industry Report - Industry Key Buyers Chapter

    •The Plastic and Resin Manufacturing Industry in Ohio has a low level of market share concentration.•The top four operators in the industry are expected to account for only 11.1% of total industry revenue. This level of concentration is in line with the US industry.•In the Plastic and Resin Manufacturing Industry in Ohio, an estimated 69.3% of total industry establishments employ less than 50 people...purchase to read more.

    Additional Insights for the Plastic & Resin Manufacturing in Ohio Industry

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

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    What's in this report

    What is the Plastic & Resin Manufacturing in Ohio 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
  • All Other
  • 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
  • Manufacturing GDP for Ohio
  • World price of natural gas
  • Value of private nonresidential construction in Ohio
  • Value of residential construction in Ohio

  • Current Performance
    Industry Outlook
    Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Plastic & Resin Manufacturing in Ohio 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
  • Thermoplastic resins and plastics materials
  • Thermosetting resins and plastics materials
  • All Other
  • Chart: Plastic & Resin Manufacturing in Ohio Industry Products and Services Segmentation

  • Major Markets
  • Manufacturing except Chemical Manufacturing
  • Construction
  • Chemical Manufacturing
  • Chart: Major Market Segmentation for the Plastic & Resin Manufacturing in Ohio Industry

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

  • Basis of Competition
    Barriers to Entry
    A. Schulman Inc., Capital Resin Corporation, RadiciGroup, Spartech Corporation,
  • Table: A. Schulman Inc. - financial performance
  • Table: Capital Resin Corporation - financial performance
  • Table: RadiciGroup - financial performance
  • Table: Spartech Corporation - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Plastic & Resin 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
    Table: Industry Data for the Plastic & Resin 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
    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.
  • What Our Customers Say

    Why buy this report?

    The Plastic & Resin Manufacturing in Ohio 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.

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    This report on Plastic & Resin 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 Plastic & Resin 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 Plastic & Resin 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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