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 2019. This industry, which relies on demand from downstream manufacturers and the construction sector, has benefited from increased construction and manufacturing activity. Nonetheless, low product prices have caused revenue to fall during the period. Growing downstream markets are expected to continue to support industry demand over the five years to 2024, although volatile input prices will constrain revenue growth to a slow rate. The price of natural gas, the industry's main key input, is expected to grow over the next five years. This increase will tighten profit margins as producers attempt to pass costs along to consumers.
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.
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