Industry Analysis & Industry Trends
Australia's first organic chemicals company, Timbrol, was established in 1925. A number of other companies quickly followed as the industry enjoyed strong growth for a number of decades, stimulated by technological innovations, rising demand for an expanding product range and high tariff barriers. However, since the mid-1970s, industry growth has slowed considerably as many companies ceased production due to falling tariffs and rising import penetration. As it stands today the industry is in the decline phase of its life cycle.
In the past five years, the industry has been affected by volatile chemical prices, rationalisation in the global chemical market and increasing competition from low-priced Asian imports... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The industry is in the decline phase of its life cycle, as is signified by its declining contribution to GDP. The industry's gross product is expected to decline by 0.1%, whereas GDP growth is expected to be 2.4% over the same period.
Over the past five years there was a marked phase of rationalisation and restructuring, with the number of players falling due to increasing cost pressures and intensifying competitive forces on the international stage. Mergers and takeover activity were prevalent, while the remaining players closed inefficient plants with high cost structures. Enterprise numbers are expected to decline by 2.8% over the five years though 2012-13, with establishments declining at almost the same rate. These trends are expected to continue over the next five years... purchase to read more