Reinforced plastic: Rising demand from downstream markets will boost revenue and profit growth

The Plastic and Resin Manufacturing industry in Texas has experienced steady demand for its products over the five years to 2017. However, revenue is still expected to decrease over the five-year period. 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. Continuous growth in downstream manufacturing markets is expected to support industry demand over the five years to 2022, and revenue is expected to rebound...read more.

Industry Statistics & Market Size
Revenue
$39bn
Annual Growth 12-17
-2.5%
Forecast Growth 17-22
Profit
Employment
16,088
Businesses
123

Industry Threats & Opportunities

  • Despite steady demand conditions, volatile input prices hindered operators’ abilities to realize higher top-line selling prices
  • The construction industry has grown powerfully over the past five years in Texas
  • Strong increases in industrial production and construction activity will lead to revenue recovery
  • Industry Report - Starting a New Business Chapter

    Barriers to entry in the Plastic and Resin industry in Texas are moderate. Employees operating within this industry are not required to have a license to operate, but a high level of engineering and metalworking specialization and skills are necessary. In some areas of this industry, technical knowledge provides a medium barrier to entry. The highly fragmented nature of this industry means that product quality and reputation are key to achieving success.A slight difference between Texas and the national industry is the presence of large, vertically integrated operators, which better control costs and are relatively less affected by price. Extreme volatility in crude oil prices over the past five years has negatively impacted even the largest operators...purchase to read more.

    Additional Insights for the Plastic & Resin Manufacturing in Texas Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Plastic & Resin Manufacturing in Texas 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 Texas and Value of private nonresidential construction in Texas in the Plastic & Resin Manufacturing in Texas industry impact industry performance..

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    What's in this report

    What is the Plastic & Resin Manufacturing in Texas 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 and 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 Texas
  • Value of private nonresidential construction in Texas
  • Value of construction
  • World price of natural gas

  • Current Performance
  • Steady demand
  • Volatile input prices
  • Chart: Revenue Growth

  • Industry Outlook
  • Growing demand
  • Selling prices to improve
  • Table: Plastic & Resin Manufacturing in Texas Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Plastic & Resin Manufacturing in Texas 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
  • Synthetic rubber and other
  • Thermosetting resins and plastics materials
  • Chart: Plastic & Resin Manufacturing in Texas Industry Products and Services Segmentation

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

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesLabor and capital expensesOther expenses
  • Chart: Cost Structure Benchmarking – Sector vs Plastic & Resin Manufacturing in Texas

  • Basis of Competition
  • Internal competition
  • External competition

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

  • Formosa Petrochemical Corporation, Georgia-Pacific LLC, Huntsman Corporation, MITSUBISHI CHEMICAL LUCITE GROUP LTD, Noltex LLC,
  • Table: Formosa Petrochemical Corporation - financial performance
  • Table: Georgia-Pacific LLC - financial performance
  • Table: Huntsman Corporation - financial performance
  • Table: MITSUBISHI CHEMICAL LUCITE GROUP LTD - financial performance
  • Table: Noltex LLC - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Plastic & Resin Manufacturing in Texas 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 Texas Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • World Price of Crude Oil (2008-2022)

  • 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 Texas industry market report contains data and analysis of the most influential current and future trends shaping the industry. IBISWorld’s in-depth industry market research is presented in a logical, user-friendly format, and provides growth and profit forecasts for a five-year outlook period.

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

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