Struggling: Lower production and weaker demand have hindered the industry's performance

The Synthetic Resin and Synthetic Rubber Manufacturing industry has performed poorly over the past five years. The industry's performance over the period has been due to lower production and weaker demand for the industry's products. Declines in output and revenue have been mostly due to export falls and limited demand growth 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 relatively 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
$210m
Annual Growth 14-19
-1.4%
Forecast Growth 19-24
Profit
Employment
270
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 over the next five years
  • Industry Report - Industry Analysis Chapter

    The Synthetic Resin and Synthetic Rubber Manufacturing industry has struggled over the past five years, as several major polymer manufacturers exited the industry in response to rising, and lower priced, competing imports. The remaining industry firms mainly produce a range of granulated recycled synthetic raw material products. The resin granules or rubber crumb the industry produces is generally sold to downstream polymer, plastics and rubber products manufacturers for further processing into intermediate or final goods. Approximately one-quarter of industry goods are exported each year.Few firms in New Zealand directly manufacture new polymers and other synthetic resin and rubber products. Therefore, almost all of the industry’s output is produced from recycled materials. Fur...purchase to read more.

    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

  • 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 falls
  • Weaker manufacturing demand
  • Increased import competition
  • Enterprises and employment
  • Chart: Revenue Growth

  • Industry Outlook
  • Weaker revenue and profit
  • Continued import growth
  • Recycling growth benefits
  • More industry firms
  • 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 products manufacturers
  • Paint, coatings and adhesives 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
  • Profit
  • Purchases
  • Wages
  • Depreciation
  • Rent and utilities
  • Other
  • 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 (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Exports (2010-2024)
  • Imports (2010-2024)
  • Wages (2010-2024)

  • 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:
    • 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 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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