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

IBISWorld’s Synthetic Resin and Synthetic Rubber Manufacturing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.


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 Analysis Chapter

The Synthetic Resin and Synthetic Rubber Manufacturing industry has faced challenging operating conditions over the past five years. Volatile demand and greater competition from imports have negatively affected the industry’s performance. However, because petrochemical-derived feedstocks account for a high proportion of the industry’s cost structure, general declines in these purchase costs over the past five years have benefited profit margins. Overall, the industry has shrunk over this time, with imports accounting for a growing share of domestic demand. Industry revenue is expected to decline by an annualised 4.4% over the five years through 2016-17. This includes a projected decline of 2.5% in 2016-17, to $2.2 billion.


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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 Performance

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

Products & Markets

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

Competitive Landscape

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
industry Globalisation

Major Companies

Operating Conditions

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

Key Statistics

Industry Data
Annual Change
Key Ratios

Jargon & Glossary

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