Synthetic Resin and Synthetic Rubber Manufacturing in Australia - Market Research Report

error_outline Covid-19 Impact Update - Synthetic Resin and Synthetic Rubber Manufacturing in Australia

IBISWorld's analysts constantly monitor the industry impacts of current events in real-time – here is an update of how this industry is likely to be impacted as a result of the global COVID-19 pandemic:

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COVID-19 is anticipated to heavily influence the Basic Chemical and Chemical Product Manufacturing subdivision.

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Disruptions in the Chinese supply chain have affected many manufacturers. A considerable proportion of imports from this subdivision are derived from China.

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Demand for pharmaceuticals manufacturing products is anticipated to rise over the short term, as both consumers and healthcare providers require medicine supplies.

Note: The content in this report is currently being updated to reflect the trends outlined above.

Synthetic Resin and Synthetic Rubber Manufacturing industry trends (2014-2019)

poll Average industry growth 2014–2019: -4.4%

The Synthetic Resin and Synthetic Rubber Manufacturing industry is a key part of Australia's chemical and plastic manufacturing sectors. Industry products are used as key inputs in many downstream manufacturing industries. However, declines across the Manufacturing division and rising import penetration have negatively affected the industry over the past five years. As a result, industry revenue is expected to decline at an annualised 3.2% over the five years through 2019-20, to total $2.1 billion. Synthetic resin and rubber products are required to produce a variety of products used in various end markets, including packaging and construction firms. The industry has two major players, Qenos Holdings and LyondellBasell Australia, and many small comp...
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Synthetic Resin and Synthetic Rubber Manufacturing industry outlook (2019-2024)

poll Average industry growth 2019-2024: x.xlockPurchase this report or a membership to unlock the average company profit margin for this industry.

The Synthetic Resin and Synthetic Rubber Manufacturing industry is projected to continue declining over the next five years. Revenue is forecast to fall at an annualised X.X% over the five years through XXX-XX, to total $X.X billion. Weak or lower demand from downstream markets, growth in competing imports, growth in some mixed raw material prices, and an appreciating Australian dollar will negatively influence the industry over the period. World crude oil prices are projected to rise over the next five years, hindering the industry's performance. However, these prices are projected to remain well below historical highs, due to oversupply concerns. Imported products are anticipated to capture a larger share of domestic demand over the next five years...
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Synthetic Resin and Synthetic Rubber Manufacturing industry statistics

  • attach_money Market Size: $2bn
  • business Number of Businesses: 263
  • poll Average Industry Profit Margin: x.x%
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  • supervisor_account Industry Employment: 3,485

Biggest companies in the Synthetic Resin and Synthetic Rubber Manufacturing industry

The companies holding the largest market share in the Synthetic Resin and Synthetic Rubber Manufacturing in Australia industry include Qenos Holdings Pty Ltd and LyondellBasell Australia (Holdings) Pty Ltd.

  • pie_chart Qenos Holdings Pty Ltd Market Share: x.x%
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  • pie_chart LyondellBasell Australia (Holdings) Pty Ltd Market Share: x.x%
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What is Synthetic Resin and Synthetic Rubber Manufacturing industry?

Industry Definition

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, such as packaging, chemical, construction and transportation firms.

Industry Products and Services

  • Other thermoplastics
  • Synthetic rubber products
  • Thermosetting polymers
  • Other synthetic resin and rubber products
  • Polyethylene thermoplastics

Industry Activities

  • Cellulosic resin and non-cellulose resin manufacturing
  • Thermoplastics manufacturing, including polyethylene, polypropylene and polystyrene
  • Polymer manufacturing, including polyacrylate, polybutadiene, polycarbonate and polymethacrylate
  • Other polymer manufacturing, including polyurethane, polyvinyl acetate and polyvinylchloride (PVC)
  • Synthetic resin manufacturing
  • Synthetic rubber and synthetic rubber composite manufacturing

Market research report - table of contents

Industry Definition

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, such as packaging, chemical, construction and transportation firms.

Main Activities

  • Cellulosic resin and non-cellulose resin manufacturing
  • Thermoplastics manufacturing, including polyethylene, polypropylene and polystyrene
  • Polymer manufacturing, including polyacrylate, polybutadiene, polycarbonate and polymethacrylate
  • Other polymer manufacturing, including polyurethane, polyvinyl acetate and polyvinylchloride (PVC)
  • Synthetic resin manufacturing
  • Synthetic rubber and synthetic rubber composite manufacturing

Similar Industries

Additional Resources

Industry Statistics Snapshot

Industry Structure

Executive Summary

Key External Drivers

Polymer product manufacturers make up a large portion of demand for the industry's products. Polymer products include a range of goods made from plastic, ...
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Demand from polymer product manufacturing
Domestic price of plastic and rubber products
Trade-weighted index
World price of crude oil

Current Performance

Contracting revenue
Import dominance
 Chart: Revenue Growth

Industry Outlook

Structural trends
Greener polymers
 Table: Synthetic Resin and Synthetic Rubber Manufacturing in Australia - Market Research Report Industry Revenue Outlook

Industry Life Cycle

Life Cycle Reasons
 Chart: Benchmarking - Synthetic Resin and Synthetic Rubber Manufacturing in Australia - Market Research Report Industry Lifecycle vs The Economy

Supply Chain

Key Buying Industries

Plastic Bottle Manufacturing in Australia
Plastic Flooring and Other Polymer Product Manufacturing in Australia
Plastic Bag and Film Manufacturing in Australia
Plastic Pipe and Plastic Packaging Material Manufacturing in Australia



Key Selling Industries

Petroleum Refining and Petroleum Fuel Manufacturing in Australia
Basic Organic Chemical Manufacturing in Australia
Basic Inorganic Chemical Manufacturing in Australia




Products & Services

The Synthetic Resin and Synthetic Rubber Manufacturing industry manufactures synthetic rubber and synthetic resins, which are more commonly known as polym...
Other manufacturing industries
Building and construction industries
Export markets
Other domestic industries


Demand Determinants

Key downstream markets and product pricing influence demand for synthetic plastic resin and synthetic rubber products. Many of the products manufactured b...
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Major Markets

Other manufacturing industries
Building and construction industries
Export markets
Other domestic industries



 Chart: Major Market Segmentation for the Synthetic Resin and Synthetic Rubber Manufacturing in Australia - Market Research Report Industry

International Trade

Business Locations

Chart: Business Locations by State Chart: Business Locations by State

Market Share Concentration

The Synthetic Resin and Synthetic Rubber Manufacturing industry has a low level of market share concentration, with the top four players estimated to acco...
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Key Success Factors

Cost Structure Benchmarks

Profit, Purchases, Wages, Other Costs
 Chart: Cost Structure Benchmarking – Sector vs Synthetic Resin and Synthetic Rubber Manufacturing in Australia - Market Research Report

Basis of Competition

Internal competition
External competition

Barriers to Entry

 Table: Barriers to Entry Checklist for the Synthetic Resin and Synthetic Rubber Manufacturing in Australia - Market Research Report Industry

Industry Globalization

Qenos Holdings Pty Ltd is the industry's largest player and Australia's only producer of polyethylene (PE). Qenos is a wholly owned subsidiary of China Na...
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Qenos Holdings

 Table: Qenos Holdings - financial performance

LyondellBasell Australia

 Table: LyondellBasell Australia - financial performance

Capital Intensity

The Synthetic Resin and Synthetic Rubber Manufacturing industry is characterised by moderate capital intensity. For every dollar spent on labour in 2019-2...
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 Chart: Level of Capital Intensity for the Synthetic Resin and Synthetic Rubber Manufacturing in Australia - Market Research Report Industry
 Chart: Tools of the Trade: Growth Strategies for Success

Technology & Systems

Revenue Volatility

Chart: Volatility vs Industry Growth Chart: Volatility vs Industry Growth

Regulation & Policy

Industry Assistance

Table: Industry data Table: Industry Data for the Synthetic Resin and Synthetic Rubber Manufacturing in Australia Industry

Industry Revenue (2007-2026)
Industry Gross Product (2007-2026)
Establishments (2007-2026)
Businesses (2007-2026)
Employment (2007-2026)
Exports (2007-2026)
Imports (2007-2026)
Wages (2007-2026)
Domestic Demand (2007-2026)

Table: Annual Percentage Change for Key Industry Data Table: Annual Percentage Change for Key Industry Data

Table: Key Ratios for Industry Key Dat Table: Key Ratios for Industry Key Data

Table: Industry Financial Ratios Table: Industry Financial Ratios

Liquidity Ratios
Coverage Ratios
Leverage Ratios
Operating Ratios
Cash Flow & Debt Service Ratios (% of Sales)
Assets, %
Liabilities, %

HDPE

LDPE

LLDPE

PVC

SYNTHETIC RUBBER

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Included in Report

  • Industry Financial Ratios
    Industry Financial Ratios
  • Revenue Forecasts
    Revenue Forecasts
  • Historical and Forecast Growth
    Historical and Forecast Growth
  • Industry Market Size
    Industry Market Size
  • Industry Major Players
    Industry Major Players
  • Profitability Analysis
    Profitability Analysis
  • SWOT Analysis
    SWOT Analysis
  • Industry Trends
    Industry Trends
  • Industry Operating Conditions
    Industry Operating Conditions
  • Porter's 5 Forces Analysis
    Porter's 5 Forces Analysis

Why buy this report on the Synthetic Resin and Synthetic Rubber Manufacturing industry?

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This report on Synthetic Resin and Synthetic Rubber Manufacturing in Australia:

  • 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 in Australia 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 in Australia, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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