Plastic Resin & Synthetic Fiber Manufacturing Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 2/12/2024
SIC Codes: 2821, 2822, 2823, 2824
NAICS Codes: 3252
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
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Excerpt from Plastic Resin & Synthetic Fiber Manufacturing Industry Profile

Companies in this industry manufacture acrylics, amino resins, epoxy, and other thermosets, as well as thermoplastics such as polyethylene (PE), polypropylene (PP), polyvinyl chloride (PVC), and polystyrene (PS). Major companies include Celanese, Chevron Phillips Chemical, Dow, DuPont, Hexion, and Huntsman (all based in the US), along with Alpha-Tex (Mexico), BASF (Germany), ChemChina (China), LG Chem (South Korea), LyondellBasell Industries (the Netherlands), Nan Ya Plastics (Taiwan), and Sumitomo Chemical (Japan).

The global plastic resins markets are expected to reach about $1.1 trillion by 2030, according to Sky Questt. China is still considered as one of the top plastic-producing markets. Other regions such as Latin America and Middle East and Africa are some of the top producers.

The US plastic resins and synthetic fibers manufacturing industry consists of about 1,400 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $100 billion.

COMPETITIVE LANDSCAPE

Demand depends on the level of manufacture of plastic products, which is closely linked to US industrial production. Because resin manufacture is a high-volume process, the profitability of individual companies depends on operating efficiencies. Large companies have significant economies of scale in production and in the purchase of raw materials. Smaller companies can compete effectively by producing specialty resins and fibers. Many smaller companies buy commodity resins from large producers and rework them into specialty compounds. The US industry is highly concentrated: the top 50 companies account ...

 
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