Waste not: Despite the industry's focus on recycling, imports are causing revenue to decline

The Synthetic Resin and Synthetic Rubber Manufacturing industry has performed poorly over the past five years, influenced by lower production volumes and weaker demand for the industry's products. Declines in output and revenue have mostly been due to declines in exports and limited growth in demand from the manufacturing sector, particularly plastic and rubber manufacturing, and paint, coatings and adhesives manufacturing. The industry has also suffered from high import penetration and a strong New Zealand dollar by historic standards, which have negatively affected exporters and benefited importers.Downstream manufacturing firms have started almost exclusively importing new polymer raw materials over the past five years...read more.

Industry Statistics & Market Size
Revenue
$224m
Annual Growth 15-20
-1.7%
Forecast Growth 20-25
Profit
Employment
280
Businesses
23

Industry Threats & Opportunities

  • Lower production and weaker exports have hindered industry growth over the past five years
  • Few companies have been producing new synthetic resin and rubber over the period
  • Industry output of recycled materials is projected to increase, supporting profit margins
  • Industry Report - Industry Investment Chapter

    The Synthetic Resin and Synthetic Rubber Manufacturing industry is highly capital intensive. Wage costs are projected to account for 10.8% of industry revenue in the current year, with capital requirements projected to make up 5.0% of industry revenue. For each dollar invested in labour inputs, the industry spends an estimated $0.46 on capital plant, equipment and machinery.Capital intensity has declined over the past five years, as new synthetic resin and synthetic rubber manufacturers have exited the industry. The industry is now made up of companies that use recycled plastics and rubber, and granulate and package these into pellets or crumb for further processing by downstream manufacturers. Thi...purchase to read more.

    Additional Insights for the Synthetic Resin and Synthetic Rubber Manufacturing Industry

    IBISWorld has determined the most important Key Success Factors for the Synthetic Resin and Synthetic Rubber Manufacturing are:

  • Ability to control stock on hand
  • Automation - reduces costs, particularly those associated with labour
  • Supply contracts in place for key inputs
  • IBISWorld analysts also discuss how external factors such as Demand from manufacturing and Total mass of imports by sea in the Synthetic Resin and Synthetic Rubber Manufacturing industry impact industry performance..

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    What's in this report

    What is the Synthetic Resin and Synthetic Rubber Manufacturing in New Zealand Industry?

    Industry companies mainly process recycled synthetic resins and synthetic rubber. Industry manufacturing includes mixing and blending resins and polymeric materials. Products are sold to firms in downstream industries, such as packaging and chemicals manufacturing.

    Industry Products
  • Recycled plastic and resin pellets
  • Recycled rubber crumb
  • Blended polymers
  • New synthetic resin and rubber
  • Industry Activities
  • Synthetic plastic and resin pellet
  • Synthetic rubber crumb
  • Polymer blending and mixing
  • New synthetic resin and rubber
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from manufacturing
  • Total mass of imports by sea
  • Domestic price of plastic and rubber products
  • Trade-weighted index
  • World price of crude oil

  • Current Performance
  • Revenue and profit declines
  • Weaker manufacturing demand
  • Increased import competition
  • Enterprises and employment
  • Chart: Revenue Growth

  • Industry Outlook
  • Revenue and profit
  • Continued import pressure
  • Growth in recycling
  • Enterprises and employment
  • 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

  • Supply Chains
    Key Buying Industries
  • Polymer Film and Sheet Packaging Material Manufacturing in New Zealand
  • Rigid and Semi-Rigid Polymer Product Manufacturing in New Zealand
  • Paint and Coatings Manufacturing in New Zealand

  • Key Selling Industries
  • Commercial Vehicle Wholesaling in New Zealand
  • Industrial and Mining Machinery Wholesaling in New Zealand
  • Waste Remediation and Materials Recovery Services in New Zealand

  • Products & Services
  • Recycled plastic and resin pellets
  • Recycled rubber crumb
  • New synthetic resin and rubber
  • Blended polymers
  • Chart: Synthetic Resin and Synthetic Rubber Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Plastic and rubber product manufacturers
  • Paint, coating and adhesive manufacturers
  • Export markets
  • Chart: Major Market Segmentation for the Synthetic Resin and Synthetic Rubber Manufacturing Industry

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

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

  • Industry Globalization
    Hexion (NZ) Limited, Pact Group Holdings (NZ) Limited,
  • Table: Hexion (NZ) Limited - financial performance
  • Table: Pact Group Holdings (NZ) Limited - financial performance

  • 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
    Table: Industry Data for the Synthetic Resin and Synthetic Rubber Manufacturing Industry
    Includes:
  • Industry Revenue (2011-2025)
  • Industry Gross Product (2011-2025)
  • Establishments (2011-2025)
  • Businesses (2011-2025)
  • Employment (2011-2025)
  • Exports (2011-2025)
  • Imports (2011-2025)
  • Wages (2011-2025)
  • Wages (2011-2025)
  • Purchases (2011-2025)
  • Profit (2011-2025)
  • Depreciation (2011-2025)
  • Rent (2011-2025)
  • Utilities (2011-2025)
  • Other (2011-2025)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Elastomers
  • A polymer with elastic properties that can be used to make seals, adhesives and flexible moulded components. Elastomers can be made from natural or synthetic polymers.
  • Polymer
  • A large petroleum-based molecule that forms or hardens into a range of final products, such as synthetic rubber, polystyrene and plastic bottles, containers and film, when mixed or cured with a resin.
  • Polyurethane
  • A polymer that can be made from rubber and plastic that is used to make a range of durable and hard-wearing plastic products, including seals, wheels, adhesives and hoses.
  • Prepolymer
  • An intermediate polymer that can be further processed into a polymer through heating and other processes.
  • Resin Pellets
  • Small plastic or similar granules used as a raw material to manufacture other final plastic and related products.
  • Rubber Crumb
  • Recycled rubber from car and truck tyres that can be used for a range of downstream applications.
  • Synthetic Resin
  • A petroleum-derived liquid or viscous material used in paints, varnishes, lacquers, and other products, which can be hardened using chemical processes. Resins are used to produce polymers.
  • Synthetic Rubber
  • A petroleum-derived polymer with similar characteristics to natural rubber that is used to produce a range of rubber-based products and components, such as tyres, hoses, mats and belts.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Synthetic Resin and Synthetic Rubber Manufacturing in New Zealand 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.

    IBISWorld industry market research reports enable you to:
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    This report on Synthetic Resin and Synthetic Rubber Manufacturing in New Zealand:
    • 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 New Zealand 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 New Zealand, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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