Cold hard plastic: Rising downstream demand will boost state industry revenue

The Plastic and Resin Manufacturing Industry in Pennsylvania manufactures resins, plastics materials, nonvulcanizable thermoplastic elastomers, synthetic rubber, chlorinated rubber, butadiene copolymers and acyclic rubber. Over the five years to 2018, the industry is expected to fall an annualized 2.6% to $2.6 billion. Declining selling prices of industry products due to lower raw material prices have led to decreasing top-line revenue figures. However, a traditionally strong manufacturing base in the state has helped slow the decline in both demand and selling prices compared with the US industry. Consequently, PA industry revenue is expected to grow 4.9% in 2018...purchase to read more.

Industry Statistics & Market Size
Revenue
$3bn
Annual Growth 13-18
-2.6%
Forecast Growth 18-23
Profit
Employment
3,118
Businesses
58

Industry Threats & Opportunities

  • The manufacturing of thermoplastic resins and plastics materials dominates PA industry revenue
  • Industry Report - Industry Investment Chapter

    ***This section is not used for US State reports***...purchase to read more.

    Additional Insights for the Plastic & Resin Manufacturing in Pennsylvania Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Plastic & Resin Manufacturing in Pennsylvania 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 Pennsylvania and Industrial production index in the Plastic & Resin Manufacturing in Pennsylvania industry impact industry performance..

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    What's in this report

    What is the Plastic & Resin Manufacturing in Pennsylvania 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

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Manufacturing GDP for Pennsylvania
  • Industrial production index
  • World price of crude oil
  • World price of natural gas

  • Current Performance
    Industry Outlook
    Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Plastic & Resin Manufacturing in Pennsylvania 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
  • Synthetic rubber (vulcanizable elastomers)
  • Chart: Plastic & Resin Manufacturing in Pennsylvania Industry Products and Services Segmentation

  • Major Markets
  • Manufacturing excluding chemical manufacturing
  • Chemical manufacturing
  • Construction
  • Chart: Major Market Segmentation for the Plastic & Resin Manufacturing in Pennsylvania 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 Pennsylvania

  • Basis of Competition
    Barriers to Entry
    Nova Chemicals Corporation, LNP Engineering Plastics Inc., MG Industries-Erie Inc., Omnova Solutions Inc.,
  • Table: Nova Chemicals Corporation - financial performance
  • Table: LNP Engineering Plastics Inc. - financial performance
  • Table: MG Industries-Erie Inc. - financial performance
  • Table: Omnova Solutions Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Plastic & Resin Manufacturing in Pennsylvania 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 Pennsylvania 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 Pennsylvania 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.

    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 Pennsylvania:
    • 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 Pennsylvania 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 Pennsylvania, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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