Overview

Rubbed the wrong way: Revenue continues to fall due to declining downstream demand

IBISWorld’s Synthetic Resin and Synthetic Rubber Manufacturing market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • The industry is characterised by numerous small players producing specialised or niche products
  • Tight profit margins over the period have caused less efficient firms to exit the industry
  • Revenue is expected to decline as imported products capture a larger share of domestic demand

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    Industry Analysis & Industry Trends

    The Synthetic Resin and Synthetic Rubber Manufacturing industry plays an important part in Australia's chemicals and plastic manufacturing sector. Most industry output feeds into the manufacture of downstream intermediate products. However, declines across the entire Manufacturing division, as well as rising import penetration, have negatively affected the industry over the past five years. Industry revenue is expected to fall at an annualised 4.4% over the five years through 2016-17, to $2.2 billion. Furthermore, industry revenue is expected to decrease by 2.5% in the current year as volumes continue to fall...

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    Industry Report - Industry SWOT Analysis Chapter

    The Synthetic Resin and Synthetic Rubber Manufacturing industry is in the mature phase of its economic life cycle. Industry value added, which measures the industry’s contribution to the overall economy, is expected to rise by an annualised 0.3% over the 10 years through 2021-22. This represents a significant underperformance of Australian GDP, which is forecast to rise by an annualised 2.5% over the 10-year period. The mature nature of many downstream industries provides little opportunity for growth.

    Many firms have exited the industry over the past five years in response to cost pressures and growing international competition. Imports from countries with lower labour costs are providing an increasing source of competition for industry players. The..

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    Additional Insights for the Synthetic Resin and Synthetic Rubber Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Synthetic Resin and Synthetic Rubber Manufacturing Industry are

  • Availability of resource
  • Optimum capacity utilisation
  • Concentration on core business
  • IBISWorld analysts also discuss how external factors such as Domestic price of plastic and rubber products and Trade-weighted index in the Synthetic Resin and Synthetic Rubber Manufacturing industry impact industry performance..

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    Industry Products

    What is the Synthetic Resin and Synthetic Rubber Manufacturing Industry?

    Companies in the industry manufacture synthetic resins and synthetic rubber. Manufacturing may be undertaken on either a customised or non-customised basis. Industry manufacturing includes the mixing and blending of resins and polymeric materials. Key products include synthetic resins, non-vulcanisable elastomers and synthetic rubbers and blends. Industry products are sold to downstream industries, such as packaging, chemicals, construction and transportation firms.

    Industry Products
    Other thermoplastics
    Synthetic rubber products
    Thermosetting resins
    Other synthetic resin and rubber products
    Polyethylene thermoplastics
    Industry Activities
    Cellulosic resin and non-cellulose resin
    Thermoplastics, including polyethylene, polypropylene and polystyrene
    Polymer, including polyacrylate, polybutadiene, polycarbonate and polymethacrylate
    Other polymer, including polyurethane, polyvinyl acetate and polyvinylchloride (PVC)
    Thermoset resins
    Synthetic resin (except adhesives)
    Synthetic rubber (polymer) and synthetic rubber composite
    Other synthetic resin and rubber

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Domestic price of plastic and rubber products
  • Trade-weighted index
  • World price of crude oil
  • World price of natural gas
  • Business confidence index

  • Current Performance
  • Contracting revenue base
  • Import dominance
  • Resin and rubber rationalisation
  • Product prices
  • Chart: Revenue Growth

  • Industry Outlook
  • Weaker profitability
  • Structural trends
  • Plastic patterns
  • Greener polymers
  • Table: Synthetic Resin and Synthetic Rubber Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Synthetic Resin and Synthetic Rubber Manufacturing Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Plastic Bottle Manufacturing
  • Plastic Flooring and Other Polymer Product Manufacturing
  • Plastic Bag and Film Manufacturing

  • Key Selling Industries
  • Basic Inorganic Chemical Manufacturing
  • Basic Organic Chemical Manufacturing
  • Petroleum Refining and Petroleum Fuel Manufacturing

  • Products & Services
  • Polyethylene thermoplastics
  • Other thermoplastics
  • Synthetic rubber products
  • Thermosetting resins
  • Other synthetic resin and rubber products
  • Chart: Synthetic Resin and Synthetic Rubber Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Packaging industries
  • Building and construction industries
  • Export markets
  • Other manufacturing industries
  • Other domestic markets
  • Chart: Major Market Segmentation for the Synthetic Resin and Synthetic Rubber Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Synthetic Resin and Synthetic Rubber Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Synthetic Resin and Synthetic Rubber Manufacturing Industry

  • Industry Globalization
    Major Companies
    Qenos Holdings Pty LtdLyondellBasell Australia (Holdings) Pty Ltd
  • Table: Qenos Holdings Pty Ltd - financial performance
  • Table: LyondellBasell Australia (Holdings) Pty Ltd - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Synthetic Resin and Synthetic Rubber Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Synthetic Resin and Synthetic Rubber Manufacturing Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Hdpe
  • Stands for high-density polyethylene, and is used for applications requiring strong and durable functionality.
  • Ldpe
  • Stands for low-density polyethylene, and is used for plastic bags, trays, bottles and tubing.
  • Lldpe
  • Stands for linear low-density polyethylene, and is used for tubing.
  • Pvc
  • Stands for polyvinyl chloride, and is commonly used for durable pipes.
  • Synthetic Rubber
  • A type of artificially manufactured polymer material that acts as an elastomer.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Synthetic Resin and Synthetic Rubber Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Synthetic Resin and Synthetic Rubber Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Synthetic Resin and Synthetic Rubber Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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