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    Plastic Resin & Synthetic Fiber Manufacturing Industry Profile

    Report Page Length: 10-12
    Last Quarterly Update: 4/12/2021
    SIC Codes: 2821, 2822, 2823, 2824
    NAICS Codes: 3252
    Chapters Include:
    Industry Overview Trends & Challenges Industry Forecast
    Quarterly Industry Update Call Prep Questions Website & Media Links
    Business Challenges Financial Information Glossary & Acronyms
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    Excerpt from Plastic Resin & Synthetic Fiber Manufacturing Industry Profile

    Companies in this industry manufacture acrylics, amino resins, epoxy, and other thermosets, as well as thermoplastics such as polyethylene (PE), polypropylene (PP), polyvinyl chloride (PVC), and polystyrene (PS). Major companies include Celanese, Chevron Phillips Chemical, Dow, DuPont, Hexion, and Huntsman (all based in the US), along with Alpha-Tex (Mexico), BASF (Germany), ChemChina (China), LG Chem (South Korea), LyondellBasell Industries (the Netherlands), Nan Ya Plastics (Taiwan), and Sumitomo Chemical (Japan).

    The global plastic resin and synthetic fiber industry generates annual revenue of about $630 billion. Top plastic-producing countries include China, Germany, Japan, and the US. Nations such as China and India, where demand for construction and consumer goods has risen, are being targeted for industry growth.

    The US plastic resins and synthetic fibers manufacturing industry consists of about 1,412 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $100 billion.

    COMPETITIVE LANDSCAPE

    Demand depends on the level of manufacture of plastic products, which is closely linked to US industrial production. Because resin manufacture is a high-volume process, the profitability of individual companies depends on operating efficiencies. Large companies have significant economies of scale in production and in the purchase of raw materials. Smaller companies can compete effectively by producing specialty resins and fibers. Many smaller companies buy commodity resins from large producers and rework them into specialty compounds. The US industry is highly concentrated: the top 50 companies account ...

     
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