Synthetic Resin and Synthetic Rubber Manufacturing in Australia - Industry Market Research Report
Description
Synthetic Resin and Synthetic Rubber Manufacturing in Australia
Synthetic resin and synthetic rubber manufacturers have faced challenging operating conditions, with sales figures diminishing over the past few years. Declines across key downstream manufacturing industries and high import penetration have hindered the industry's growth. The COVID-19 pandemic further reduced revenue and demand for synthetic resin and synthetic rubber goods from 2019-20 to 2020-21. Many products are used as raw material and intermediate inputs in a variety of downstream markets, including in the construction and manufacturing divisions. Product volumes often reflect domestic demand derived from these key markets. Prices for key inputs like plastic and rubber products, crude oil and natural gas are set to decline. In turn, demand from polymer product manufacturers is set to climb. Despite this, synthetic resin and synthetic rubber manufacturing revenue is expected to fall at an annualised 2.2% over the five years through 2023-24 to total $2.5 billion. This trend includes an anticipated drop of 2.2% in 2023-24.
Companies in the industry manufacture synthetic resins and synthetic rubber. Industry manufacturing includes mixing and blending resins and polymeric materials. Key products include synthetic resins, non-vulcanisable elastomers, and synthetic rubbers and blends. Industry products are sold to downstream industries, like packaging, chemical, construction and transportation firms.
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.
Synthetic resin and synthetic rubber manufacturers have faced challenging operating conditions, with sales figures diminishing over the past few years. Declines across key downstream manufacturing industries and high import penetration have hindered the industry's growth. The COVID-19 pandemic further reduced revenue and demand for synthetic resin and synthetic rubber goods from 2019-20 to 2020-21. Many products are used as raw material and intermediate inputs in a variety of downstream markets, including in the construction and manufacturing divisions. Product volumes often reflect domestic demand derived from these key markets. Prices for key inputs like plastic and rubber products, crude oil and natural gas are set to decline. In turn, demand from polymer product manufacturers is set to climb. Despite this, synthetic resin and synthetic rubber manufacturing revenue is expected to fall at an annualised 2.2% over the five years through 2023-24 to total $2.5 billion. This trend includes an anticipated drop of 2.2% in 2023-24.
Companies in the industry manufacture synthetic resins and synthetic rubber. Industry manufacturing includes mixing and blending resins and polymeric materials. Key products include synthetic resins, non-vulcanisable elastomers, and synthetic rubbers and blends. Industry products are sold to downstream industries, like packaging, chemical, construction and transportation firms.
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
81 Pages
- 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
Pricing
Currency Rates
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