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

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    Report

  • 91 Pages
  • April 2024
  • Region: United States
  • IBISWorld
  • ID: 239437

Clear cut: Profit will steadily inch upward following lower input costs

Plastic and resin manufacturers have encountered volatile revenue growth because of fluctuating demand for products. COVID-19 put pressure on manufacturers and resulted in a revenue decline in 2020. After the pandemic, rebounding global productivity and increased manufacturing capacity helped plastic and resin manufacturers grow their revenue. Overall, revenue has grown at a CAGR of 0.8% to $129.1 billion through the end of 2023, including a 0.3% decline in 2023. Profit accounts for 0.7% of revenue in 2023, down from 7.6% in 2018. This industry manufactures resins such as thermosetting and thermoplastic resins, plastic materials (i. e. polymers) and synthetic rubber. Raw material inputs are sourced from industries involved in chemical manufacturing and 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.

Table of Contents

ABOUT THIS INDUSTRY
  • Industry Definition
  • Main Activities
  • Similar Industries
  • Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
  • Executive Summary
  • Key External Drivers
  • Current Performance
  • Industry Outlook
  • Industry Life Cycle
PRODUCTS & MARKETS
  • Supply Chain
  • Products & Services
  • Demand Determinants
  • Major Markets
  • International Trade
  • Business Locations
COMPETITIVE LANDSCAPE
  • Market Share Concentration
  • Key Success Factors
  • Cost Structure Benchmarks
  • Basis of Competition
  • Barriers to Entry
  • Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
  • Capital Intensity
  • Technology & Systems
  • Revenue Volatility
  • Regulation & Policy
  • Industry Assistance
KEY STATISTICS
  • Industry Data
  • Annual Change
  • Key Ratios
JARGON & GLOSSARY

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Dow Inc.
  • Braskem Sa
  • Covestro Ag
  • Arkema
  • Cope Plastics, Inc.
  • Spartech Corporation
  • Americas Styrenics LLC
  • Hexion Inc.
  • Capital Resin Corporation
  • Star Thermoplastic Alloys and Rubbers Inc.
  • MG Industries-Erie Inc.
  • GS Polymers Inc.
  • LNP Engineering Plastics Inc.

Methodology

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