Market Potential Estimation Methodology
Overview
This study covers the world outlook for processing new or recycled plastics resins into intermediate or final products by casting or compression, extrusion, injection, or blow molding across more than 2000 cities. For the year reported, estimates are given for the latent demand, or potential industry earnings (P.I.E.), for the city in question (in millions of U.S. dollars), the percent share the city is of the region and of the globe. These comparative benchmarks allow the reader to quickly gauge a city vis-à-vis others. Using econometric models which project fundamental economic dynamics within each country and across countries, latent demand estimates are created. This report does not discuss the specific players in the market serving the latent demand, nor specific details at the product level. The study also does not consider short-term cyclicalities that might affect realized sales. The study, therefore, is strategic in nature, taking an aggregate and long-run view, irrespective of the players or products involved.
This study does not report actual sales data (which are simply unavailable, in a comparable or consistent
manner in virtually all of the cities of the world). This study gives, however, my estimates for the worldwide latent demand, or the P.I.E. for processing new or recycled plastics resins into intermediate or final products by casting or compression, extrusion, injection, or blow molding. It also shows how the P.I.E. is divided across the world’s cities. In order to make these estimates, a multi-stage methodology was employed that is often taught in courses on international strategic planning at graduate schools of business.
What is Latent Demand and the P.I.E.?
The concept of latent demand is rather subtle. The term latent typically refers to something that is dormant, not observable, or not yet realized. Demand is the notion of an economic quantity that a target population or market requires under different assumptions of price, quality, and distribution, among other factors. Latent demand, therefore, is commonly defined by economists as the industry earnings of a market when that market becomes accessible and attractive to serve by competing firms. It is a measure, therefore, of potential industry earnings (P.I.E.) or total revenues (not profit) if a market is served in an efficient manner. It is typically expressed as the total revenues potentially extracted by firms. The “market” is defined at a given level in the value chain. There can be latent demand at the retail level, at the wholesale level, the manufacturing level, and the raw materials level (the P.I.E. of higher levels of the value chain being always smaller than the P.I.E. of levels at lower levels of the same value chain, assuming all levels maintain minimum profitability).
The latent demand for processing new or recycled plastics resins into intermediate or final products by casting or compression, extrusion, injection, or blow molding is not actual or historic sales. Nor is latent demand future sales. In fact, latent demand can be lower either lower or higher than actual sales if a market is inefficient (i.e., not representative of relatively competitive levels). Inefficiencies arise from a number of factors, including the lack of international openness, cultural barriers to consumption, regulations, and cartel-like behavior on the part of firms. In general, however, latent demand is typically larger than actual sales in a city market.
Another reason why sales do not equate to latent demand is exchange rates. In this report, all figures assume the long-run efficiency of currency markets. Figures, therefore, equate values based on purchasing power parities across countries. Short-run distortions in the value of the dollar, therefore, do not figure into the estimates. Purchasing power parity estimates of country income were collected from official sources, and extrapolated using standard econometric models. The report uses the dollar as the currency of comparison, but not as a measure of transaction volume. The units used in this report are: US $ mln.
For reasons discussed later, this report does not consider the notion of “unit quantities”, only total latent revenues (i.e., a calculation of price times quantity is never made, though one is implied). The units used in this report are U.S. dollars not adjusted for inflation (i.e., the figures incorporate inflationary trends) and not adjusted for future dynamics in exchange rates (i.e., the figures reflect average exchange rates over recent history). If inflation rates or exchange rates vary in a substantial way compared to recent experience, actually sales can also exceed latent demand (when expressed in U.S. dollars, not adjusted for inflation). On the other hand, latent demand can be typically higher than actual sales as there are often distribution inefficiencies that reduce actual sales below the level of latent demand.
As mentioned earlier, this study is strategic in nature, taking an aggregate and long-run view, irrespective of the players or products involved. If fact, all the current products or services on the market can cease to exist in their present form (i.e., at a brand-, R&D specification, or corporate-image level) and all the players can be replaced by other firms (i.e., via exits, entries, mergers, bankruptcies, etc.), and there will still be an international latent demand for processing new or recycled plastics resins into intermediate or final products by casting or compression, extrusion, injection, or blow molding at the aggregate level. Product and service offering details, and the actual identity of the players involved, while important for certain issues, are relatively unimportant for estimates of latent demand.
The Methodology
In order to estimate the latent demand for processing new or recycled plastics resins into intermediate or final products by casting or compression, extrusion, injection, or blow molding on a city-by-city basis, I used a multi-stage approach. Before applying the approach, one needs a basic theory from which such estimates are created. In this case, I heavily rely on the use of certain basic economic assumptions. In particular, there is an assumption governing the shape and type of aggregate latent demand functions. Latent demand functions relate the income of a country, city, state, household, or individual to realized consumption. Latent demand (often realized as consumption when an industry is efficient), at any level of the value chain, takes place if an equilibrium in realized. For firms to serve a market, they must perceive a latent demand and be able to serve that demand at a minimal return. The single most important variable determining consumption, assuming latent demand exists, is income (or other financial resources at higher levels of the value chain). Other factors that can pivot or shape demand curves include external or exogenous shocks (i.e., business cycles), and or changes in utility for the product in question.
Ignoring, for the moment, exogenous shocks and variations in utility across countries, the aggregate relation between income and consumption has been a central theme in economics. The figure below concisely summarizes one aspect of problem. In the 1930s, John Meynard Keynes conjectured that as incomes rise, the average propensity to consume would fall. The average propensity to consume is the level of consumption divided by the level of income, or the slope of the line from the origin to the consumption function. He estimated this relationship empirically and found it to be true in the short-run (mostly based on cross-sectional data). The higher the income, the lower the average propensity to consume. This type of consumption function is labeled "A" in the figure below (note the rather flat slope of the curve). In the 1940s, another macroeconomist, Simon Kuznets, estimated long-run consumption functions which indicated that the marginal propensity to consume was rather constant (using time series data across countries). This type of consumption function is show as "B" in the figure below (note the higher slope and zero-zero intercept). The average propensity to consume is constant.
Is it declining or is it constant? A number of other economists, notably Franco Modigliani and Milton Friedman, in the 1950s (and Irving Fisher earlier), explained why the two functions were different using various assumptions on intertemporal budget constraints, savings, and wealth. The shorter the time horizon, the more consumption can depend on wealth (earned in previous years) and business cycles. In the long-run, however, the propensity to consume is more constant. Similarly, in the long run, households, industries or countries with no income eventually have no consumption (wealth is depleted). While the debate surrounding beliefs about how income and consumption are related and interesting, in this study a very particular school of thought is adopted. In particular, we are considering the latent demand for processing new or recycled plastics resins into intermediate or final products by casting or compression, extrusion, injection, or blow molding across some 230 countries. The smallest have fewer than 10,000 inhabitants. I assume that all of these counties fall along a "long-run" aggregate consumption function. This long-run function applies despite some of these countries having wealth, current income dominates the latent demand for processing new or recycled plastics resins into intermediate or final products by casting or compression, extrusion, injection, or blow molding. So, latent demand in the long-run has a zero intercept. However, I allow firms to have different propensities to consume (including being on consumption functions with differing slopes, which can account for differences in industrial organization, and end-user preferences).
Given this overriding philosophy, I will now describe the methodology used to create the latent demand estimates for processing new or recycled plastics resins into intermediate or final products by casting or compression, extrusion, injection, or blow molding. Since ICON Group has asked me to apply this methodology to a large number of categories, the rather academic discussion below is general and can be applied to a wide variety of categories, not just processing new or recycled plastics resins into intermediate or final products by casting or compression, extrusion, injection, or blow molding.
Step 1. Product Definition and Data Collection
Any study of latent demand across countries requires that some standard be established to define “efficiently served”. Having implemented various alternatives and matched these with market outcomes, I have found that the optimal approach is to assume that certain key countries or cities are more likely to be at or near efficiency than others. These are given greater weight than others in the estimation of latent demand compared to others for which no known data are available. Of the many alternatives, I have found the assumption that the world’s highest aggregate income and highest income-per-capita markets reflect the best standards for “efficiency”. High aggregate income alone is not sufficient (i.e., China has high aggregate income, but low income per capita and can not assumed to be efficient). Aggregate income can be operationalized in a number of ways, including gross domestic product (for industrial categories), or total disposable income (for household categories; population times average income per capita, or number of households times average household income per capita). Brunei, Nauru, Kuwait, and Lichtenstein are examples of countries with high income per capita, but not assumed to be efficient, given low aggregate level of income (or gross domestic product); these countries have, however, high incomes per capita but may not benefit from the efficiencies derived from economies of scale associated with large economies. Only countries with high income per capita and large aggregate income are assumed efficient. This greatly restricts the pool of countries to those in the OECD (Organization for Economic Cooperation and Development), like the United States, or the United Kingdom (which were earlier than other large OECD economies to liberalize their markets).
The selection of countries is further reduced by the fact that not all countries in the OECD report industry revenues at the category level. Countries that typically have ample data at the aggregate level that meet the efficiency criteria include the United States, the United Kingdom and in some cases France and Germany.
Latent demand is therefore estimated using data collected for relatively efficient markets from independent data sources (e.g. Euromonitor, Mintel, Thomson Financial Services, the U.S. Industrial Outlook, the World Resources Institute, the Organization for Economic Cooperation and Development, various agencies from the United Nations, industry trade associations, the International Monetary Fund, and the World Bank). Depending on original data sources used, the definition of “processing new or recycled plastics resins into intermediate or final products by casting or compression, extrusion, injection, or blow molding” is established. In the case of this report, the data were reported at the aggregate level, with no further breakdown or definition. In other words, any potential product or service that might be incorporated within processing new or recycled plastics resins into intermediate or final products by casting or compression, extrusion, injection, or blow molding falls under this category. Public sources rarely report data at the disaggregated level in order to protect private information from individual firms that might dominate a specific product-market. These sources will therefore aggregate across components of a category and report only the aggregate to the public. While private data are certainly available, this report only relies on public data at the aggregate level without reliance on the summation of various category components. In other words, this report does not aggregate a number of components to arrive at the “whole”. Rather, it starts with the “whole”, and estimates the whole for all cities and the world at large (without needing to know the specific parts that went into the whole in the first place).
Given this caveat, this study covers “processing new or recycled plastics resins into intermediate or final products by casting or compression, extrusion, injection, or blow molding” as defined by the North American Industrial Classification system or NAICS (pronounced “nakes”). processing new or recycled plastics resins into intermediate or final products by casting or compression, extrusion, injection, or blow molding The NAICS code for processing new or recycled plastics resins into intermediate or final products by casting or compression, extrusion, injection, or blow molding is 3261. It is for this definition of processing new or recycled plastics resins into intermediate or final products by casting or compression, extrusion, injection, or blow molding that the aggregate latent demand estimates are derived. “Processing new or recycled plastics resins into intermediate or final products by casting or compression, extrusion, injection, or blow molding” is specifically defined as follows:
3261
This industry group comprises establishments primarily engaged in processing new or spent (i.e., recycled) plastics resins into intermediate or final products, using such processes as compression molding; extrusion molding; injection molding; blow molding; and casting. Within most of these industries, the production process is such that a wide variety of products can be made.
32611
This industry comprises establishments primarily engaged in (1) converting plastics resins into unsupported plastics film and sheet and/or (2) forming, coating or laminating plastics film and sheet into plastics bags.
326111
This U.S. industry comprises establishments primarily engaged in (1) converting plastics resins into plastics bags or (2) forming, coating or laminating plastics film and sheet into single wall or multiwall plastics bags. Establishments in this industry may print on the bags they manufacture.
3261111
Single-web film specialty bags, pouches, and liners
32611111
Polyethylene grocery and variety bags and pouches
3261111111
Polyethylene grocery and variety bags and pouches
32611112
Polyethylene refuse bags
3261111215
Polyethylene refuse bags
32611113
Polyethylene textile and clothing bags and pouches
3261111321
Polyethylene textile and clothing bags and pouches
32611114
Polyethylene household food storage bags and pouches (sandwich and freezer)
3261111431
Polyethylene household food storage bags and pouches (sandwich and freezer)
32611115
Other polyethylene bags, pouches, and liners
3261111541
Polyethylene produce bags
3261111551
Polyethylene drum and box liners
3261111561
Polyethylene shipping sacks
3261111563
Polyethylene bread bags
3261111566
Polyethylene newspaper sleeves
3261111571
Other polyethylene specialty bags, pouches, and liners
3261111572
Other polyethylene single_web film, specialty bags, pouches, and liners
32611116
Coextruded single_web film specialty bags, pouches, and liners
3261111621
Coextruded bags, pouches, and liners, used for meat
3261111631
Coextruded bags, pouches, and liners, for medical uses
3261111641
Coextruded bags, pouches, and liners, used for food, except produce and meat
3261111651
Coextruded bags, pouches, and liners, used for produce
3261111661
Coextruded bags, pouches, and liners, used for pet food
3261111671
All other coextruded bags, pouches, and liners, used for non_food
3261111681
Coextruded film specialty bags, pouches, and liners
32611117
Other single_web film specialty bags, pouches, and liners
3261111791
Other single_web film specialty bags, pouches, and liners
3261113
Multiweb film-film specialty bags, pouches, and liners
32611131
Multiweb film/film combination specialty bags, pouches, and liners
3261113100
Multiweb film/film combination specialty bags, pouches, and liners
326111M
Miscellaneous receipts
326111P
Primary products
326111S
Secondary products
326111SM
Secondary products and miscellaneous receipts
326112
This U.S. industry comprises establishments primarily engaged in converting plastics resins into plastics packaging (flexible) film and packaging sheet.
3261121
Coated single-web film, rolls and sheets, including coextruded
32611211
Single_web film, rolls, and sheets, including coextruded, for flexible packaging uses
3261121111
Coated single~web film, rolls and sheets, for flexible packaging uses
3261121121
Polyethylene single_web film, rolls, and sheets, including coextruded, for flexible packaging uses
3261121131
Polypropylene single_web film, rolls, and sheets, including coextruded, for flexible packaging uses
3261121141
Nylon single_web film, rolls, and sheets, including coextruded, for flexible packaging uses
3261121151
PETG single_web film, rolls, and sheets, including coextruded, for flexible packaging uses
3261121161
PVC single_web film, rolls, and sheets, including coextruded, for flexible packaging uses
3261121171
All other single_web film, rolls, and sheets, including coextruded, for flexible packaging uses
32611212
Coextruded single_web film, for flexible packaging uses
3261121221
Coextruded single_web film, for flexible packaging uses
3261123
Film-film multiweb laminated rolls and sheets for flexible packaging uses
32611231
Polypropylene/polypropylene multiweb laminated rolls and sheets, for flexible packaging uses
3261123111
Polypropylene/polypropylene multiweb laminated rolls and sheets, for flexible packaging uses
32611232
Metalized film/film multiweb laminated rolls and sheets, for flexible packaging uses
3261123221
Metalized film/film multiweb laminated rolls and sheets, for flexible packaging uses
32611233
Other film/film multiweb laminated rolls and sheets, for flexible packaging uses
3261123331
Cellophane/other film multiweb laminated rolls and sheets, for flexible packaging uses
3261123341
Other film/film multiweb laminated rolls and sheets, for flexible packaging uses
326112M
Miscellaneous receipts
326112P
Primary products
326112S
Secondary products
326112SM
Secondary products and miscellaneous receipts
326113
This U.S. industry comprises establishments primarily engaged in converting plastics resins into plastics film and unlaminated sheet (except packaging).
3261130
UNLAMINATED PLASTICS FILM AND SHEET, EXCLUDING PACKAGING
32611301
Unlaminated polyethylene film and sheet
3261130121
Unlaminated polyethylene film and sheet
32611302
Unlaminated polypropylene film and sheet
3261130231
Unlaminated polypropylene film and sheet
32611303
Unlaminated vinyl and vinyl copolymer film and sheet
3261130341
Unlaminated vinyl and vinyl copolymer film and sheet
32611304
Other unlaminated plastics film and sheet
3261130449
Unlaminated cellulosic film and sheet
3261130451
Unlaminated acrylic film and sheet
3261130453
Other unlaminated plastics film and sheet
3261131
Unsupported plastics film and sheet
326113102
Unsupported polyethylene film and sheet
326113104
Unsupported vinyl and vinyl copolymer film and sheet
326113106
Other unsupported plastics film and sheet
326113M
Miscellaneous receipts
326113P
Primary products
326113S
Secondary products
326113SM
Secondary products and miscellaneous receipts
32612
This industry comprises establishments primarily engaged in manufacturing plastics pipes and pipe fittings, and plastics profile shapes such as rod, tube, and sausage casings.
326121
This U.S. industry comprises establishments primarily engaged in converting plastics resins into nonrigid plastics profile shapes (except film, sheet and bags), such as rod, tube, and sausage casings.
3261210
UNLAMINATED PLASTICS PROFILE SHAPES
32612101
Unlaminated acrylate and methacrylate rods, tubes, profiles, and other shapes
3261210111
Unlaminated acrylate and methacrylate rods, tubes, profiles, and other shapes
32612102
Unlaminated polyamide (nylon) rods, tubes, profiles, and other shapes
3261210231
Unlaminated polyamide (nylon) rods, tubes, profiles, and other shapes
32612103
Unlaminated polyethylene rods, tubes, profiles, and other shapes
3261210341
Unlaminated polyethylene rods, tubes, profiles, and other shapes
32612104
Unlaminated polypropylene rods, tubes, profiles, and other shapes
3261210451
Unlaminated polypropylene rods, tubes, profiles, and other shapes
32612105
Unlaminated polystyrene rods, tubes, profiles, and other shapes
3261210561
Unlaminated polystyrene rods, tubes, profiles, and other shapes
32612106
Unlaminated vinyl and vinyl copolymer rods, tubes, profiles, and other shapes
3261210681
Unlaminated vinyl and vinyl copolymer rods, tubes, profiles, and other shapes
32612107
Other unlaminated plastics profile shapes
3261210787
Unlaminated cellulosic rods, tubes, profiles, and other shapes
3261210789
Unlaminated styrene copolymer rods, tubes, profiles, and other shapes
3261210791
Other unlaminated plastics rods, tubes, profiles, and other shapes
3261211
Unsupported plastics profile shapes, rods and tubes
326121M
Miscellaneous receipts
326121P
Primary products
326121S
Secondary products
326121SM
Secondary products and miscellaneous receipts
326122
This U.S. industry comprises establishments primarily engaged in converting plastics resins into rigid plastics pipes and pipe fittings.
3261221
Plastics pipe
32612211
Plastics drain, waste, and vent pipe
3261221112
Plastics drain, waste, and vent pipe, PVC
3261221114
Plastics drain, waste, and vent pipe, ABS
3261221116
Plastics drain, waste, and vent pipe, other
32612213
Plastics water pipe
3261221321
Plastics water pipe, PVC (pressure pipe) Schedule 40
3261221323
Plastics water pipe, CPVC CTS
3261221325
Plastics water pipe, PE (polyethylene)
3261221327
Plastics water pipe, other
32612215
Plastics industrial & mining pipe (incl chemical processing, food processing)
3261221531
Plastics industrial and mining pipe (including chemical processing, food processing), PVC (pressure pipe) Schedule 80
3261221533
Plastics industrial and mining pipe (including chemical processing, food processing), CPVC Schedule 80
3261221535
Plastics industrial and mining pipe (including chemical processing, food processing), other
32612216
Plastics sewer pipe
3261221641
Plastics sewer pipe
32612217
Plastics oil and gas pipe
3261221751
Plastics oil and gas pipe
32612219
Other plastics pipe
3261221991
Other plastics pipe
3261223
Plastics pipe fittings and unions
32612231
Plastics pipe fittings and unions
3261223100
Plastics pipe fittings and unions
326122M
Miscellaneous receipts
326122P
Primary products
326122S
Secondary products
326122SM
Secondary products and miscellaneous receipts
32613
This industry comprises establishments primarily engaged in laminating plastics profile shapes such as plate, sheet (except packaging), and rod. The lamination process generally involves bonding or impregnating profiles with plastics resins and compressing them under heat.
326130
This industry comprises establishments primarily engaged in laminating plastics profile shapes such as plate, sheet (except packaging), and rod. The lamination process generally involves bonding or impregnating profiles with plastics resins and compressing them under heat.
3261300
THERMOSETTING PLASTICS LAMINATES (EXCLUDING FLEXIBLE PACKAGING)
32613001
Thermosetting plastics laminates (excluding flexible packaging)
3261300111
Thermosetting plastics laminates (excluding flexible packaging)
32613002
Thermoplastic plastics laminates (excluding flexible packaging)
3261300221
Thermoplastic plastics laminates (excluding flexible packaging)
32613003
Other plastics laminates (excluding flexible packaging)
3261300391
Other plastics laminates (excluding flexible packaging)
3261301
Laminated plastics plate, sheet and profiles
326130M
Miscellaneous receipts
326130P
Primary products
326130S
Secondary products
326130SM
Secondary products and miscellaneous receipts
32614
This industry comprises establishments primarily engaged in manufacturing polystyrene foam products.
326140
This industry comprises establishments primarily engaged in manufacturing polystyrene foam products.
3261401
TRANSPORTATION POLYSTYRENE FOAM PRODUCTS (INCLUDING SEATING, DASH, AND OTHER INTERIOR_ EXTERIOR COMPONENTS)
32614011
Transportation polystyrene foam products (including seating, dash, and other interior_exterior components)
3261401100
Transportation polystyrene foam products (including seating, dash, and other interior_exterior components)
3261402
Packaging polystyrene foam products
32614021
Polystyrene foam food containers
3261402125
Polystyrene foam food containers
32614022
Polystyrene foam protective shipping pads and shaped cushioning and other foam packaging supplies
3261402255
Polystyrene foam protective shipping pads and shaped cushioning (peanuts, disks, etc.)
3261402295
Other polystyrene foam packaging products
3261403
Building and construction polystyrene foam products
32614031
Building and construction polystyrene foam products
3261403115
Building and construction polystyrene foam insulation (including pipe and block)
3261403195
Other building and construction polystyrene foam products
3261404
FURNITURE AND FURNISHINGS POLYSTYRENE FOAM PRODUCTS
32614041
Furniture and furnishings polystyrene foam products
3261404100
Furniture and furnishings polystyrene foam products
3261405
Consumer and institutional polystyrene foam products
32614051
Polystyrene foam cups, consumer and institutional
3261405115
Polystyrene foam cups, consumer and institutional
32614052
Other consumer and institutional polystyrene foam products, including foam trays and cooler chests
3261405225
Polystyrene foam plates and bowls, consumer and institutional
3261405235
Polystyrene foam cooler chests, consumer and institutional
3261405245
Polystyrene foam trays, consumer and institutional
3261405295
Other consumer and institutional polystyrene foam products
3261406
Miscellaneous polystyrene foam products, nec
32614061
All other miscellaneous polystyrene foam products
3261406115
Electrical and electronic polystyrene foam products
3261406195
Other polystyrene foam products
326140MM
Miscellaneous receipts
326140P
Primary products
326140SM
Secondary products and miscellaneous receipts
326140SS
Secondary products
32615
This industry comprises establishments primarily engaged in manufacturing plastics foam products (except polystyrene).
326150
This industry comprises establishments primarily engaged in manufacturing plastics foam products (except polystyrene).
3261501
Transportation polyurethane foam products
32615011
Transportation polyurethane foam products
3261501101
Transportation polyurethane foam products, molded seating
3261501102
Transportation polyurethane foam products, cut slab stock for seating and trim
3261501103
Transportation polyurethane foam products, other molded products including headrest, armrest, etc.
3261502
Packaging polyurethane foam products
32615021
Packaging polyurethane foam products
3261502116
Polyurethane foam protective shipping pads and shaped cushioning (peanuts, disks, etc.)
3261502126
Polyurethane foam food containers
3261502196
Other polyurethane foam packaging products
3261503
Building and construction polyurethane foam products
32615031
Building and construction polyurethane foam
3261503116
Building and construction polyurethane foam insulation (including pipe and block)
3261503196
Other building and construction polyurethane foam products
3261504
Furniture and furnishings polyurethane foam products
32615041
Polyurethane foam formed and slab stock for pillows, seating, and cushioning
3261504110
Polyurethane foam formed and slab stock for pillows, seating, and cushioning
32615042
Other polyurethane foam furniture and furnishing products
3261504215
Polyurethane foam carpet underlay, carpet and rug cushions, prime
3261504216
Polyurethane foam carpet underlay, carpet and rug cushions, bonded
3261504227
Polyurethane foam mattress cores (uncovered only)
3261504228
Polyurethane foam topper pads and quilting rolls
3261504237
Other furniture and furnishings polyurethane foam products
3261505
CONSUMER AND INSTITUTIONAL POLYURETHANE FOAM PRODUCTS
32615051
Other consumer and institutional polyurethane foam products
3261505100
Other consumer and institutional polyurethane foam products
3261506
Miscellaneous polyurethane foam products, nec
32615061
All other miscellaneous polyurethane foam products
3261506116
Electrical and electronic polyurethane foam products
3261506196
Other polyurethane foam products, including medical, clothing, fillers, diapers, etc.
3261509
PRODUCTS MADE OF FOAM OTHER THAN POLYSTYRENE OR POLYURETHANE INCLUDING PHENOLICS, VINYL AND CELLULOSE ACETATE, ETC.
32615091
Products made of foam other than polystyrene or polyurethane including phenolics, vinyl and cellulose acetate, etc.
3261509100
Products made of foam other than polystyrene or polyurethane including phenolics, vinyl and cellulose acetate, etc.
326150MM
Miscellaneous receipts
326150P
Primary products
326150SM
Secondary products and miscellaneous receipts
326150SS
Secondary products
32616
See industry description for 32616 below.
326160
This industry comprises establishments primarily engaged in manufacturing plastics bottles.
3261600
PLASTICS BOTTLES
32616001
Plastics bottles
3261600100
Plastics bottles
3
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