Definition
This industry comprises management units primarily engaged in the manufacture of synthetic resins and plastic materials (i.e. polymers) and/or synthetic rubber. These manufacturing activities may be undertaken on both a customized or non customized basis. Key product groups include thermosetting resins, thermoplastic resins and synthetic rubber. Raw material inputs are sourced from other components of the chemical industry as well as from those industries involved in the production of petroleum based feedstocks. Industry products are then sold to a variety of downstream industries including packaging, chemicals, construction, and transportation. This industry is not involved in the manufacture of plastic products, intermediate or final rubber products, custom compounding resins or resin adhesives.

IBISWorld research reports contain trend analysis, statistics, market size information, industry growth rates as well as market share of competitors.

Major market segments are identified and also those forces affecting demand and supply within the industry. Performance analysis includes emerging industry trends as well as recent results and performance of each key company. Drawing on the depth of information IBISWorld also provides 5 year forecasts for each industry.

Each comprehensive study also examines details such as the barriers to entry, operating cost structure, technology & systems and domestic & international markets. Tables and statistics include: Industry revenue, exports, imports, wages and number of companies in the industry, Industry growth and geographic regional data.

Each comprehensive study also examines details such as the barriers to entry, operating cost structure (including averages), technology & systems and domestic & international markets. Tables and statistics include: Industry revenue, exports, imports, wages and number of companies in the industry, Industry growth and geographic location.