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 2018. 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. Overall, the world price of crude oil is expected to drop, which has increased profitability, as raw material prices have decreased.Much like the current period, growing downstream markets are expected to support industry demand over the five years to 2023, although rising input prices will constrain the industry to grow.
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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