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Plastic & Resin Manufacturing in the US - Industry Market Research Report

  • July 2017
  • 36 pages
  • Ibisworld
Report ID: 499342

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Fantastic plastics: Increased demand will support revenue growth over the outlook period

Abstract

Plastic & Resin Manufacturing in the US

Despite enduring a volatile period, the Plastic and Resin Manufacturing industry has experienced steady demand for its products over the five years to 2017. 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.

Consequently, revenue is expected to fall over the five years to 2017. Exports account for a significant percentage of industry revenue, but export growth has been hampered by a strengthening dollar. The trade-weighted index, measuring the relative strength of the US dollar to foreign currencies, is expected to grow. Relatively more expensive to foreign buyers, US exports are anticipated to drop. Conversely, foreign imports will likely become less costly for domestic producers, though low sales prices will hamper the value of imports. Much like the current period, growing downstream markets are expected to support industry demand over the five years to 2022, as revenue grows.

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.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

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