$1.6bn
$XXX.Xm
5,085
514
$XXX.Xm
Plastic flooring and other polymer product manufacturers are set to contend with fluctuating demand conditions over the five years through 2023-24. The economic downturn during the COVID-19 pandemic dampened construction investment, causing demand from the Construction division to decline. However, growing demand from mining and manufacturing markets has supported revenue growth. Consequently, revenue is anticipated to increase at an average annual rate of 3.2% over the five years through 2023-24, to an estimated $1.6 billion. This includes an expected decline of 6.7% in 2023-24.Overseas manufacturers are often larger than local manufacturers, and have greater economies of scale and lower wage costs. Many local manufacturers struggle with the competitive pressures of low-priced imports. Imports are forecast to increase over the five years through 2023-24, and are expected to satisfy 63.9% of domestic demand in 2023-24. A sharp rise in crude oil prices, the major input for polymers, has lifted purchase costs and weakened profit margins over the past five years.Downstream economic conditions are also projected to recover, with interest rates likely to fall as inflation comes under control, driving demand from building construction. Australian miners are also expected to increase their capital investment as global demand for Australian commodities rises. On the other hand, exports are anticipated to remain relatively stable, with export revenue tipped to fall slightly. Import competition is forecast to increase over the five years to 2028-29. Overall, revenue is forecast to rise at an annualised 0.8% over the five years through 2026-27, to an estimated $1.7 billion.
Industry revenue has grown at a CAGR of 3.2 % over the past five years, to reach an estimated $1.6bn in 2023.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 |
---|---|---|
Fenner Dunlop Australia | 103.0 | |
Cowes Bay Group | 65.0 | |
Fletcher Building | 65.0 |
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Industry revenue is measured across several distinct product and services lines, including Plastic hoses and tubing, Plastic conveyor and other belts and Floor coverings. Plastic hoses and tubing is the largest segment of the Plastic Flooring and Other Polymer Product Manufacturing in Australia.
Falling residential construction is reducing demand for floor coverings
Companies in the industry manufacture plastic floor, wall and ceiling coverings; plastic conveyors and other belts; extruded plastic sections; plastic hoses and tubes; and synthetic rubber products. Fibreglass product manufacturing is not included in the industry.
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ANZSIC 1919 - Plastic Flooring and Other Polymer Product Manufacturing in Australia
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Strong demand from the mining and manufacturing sectors has driven revenue growth. The expansion of these businesses operations has boosted demand for conveyor systems and po...
Learn about an industry's products and services, markets and trends in international trade.
Plastic conveyor and other belts are rising as a share of revenue. Miners and manufacturers are expanding their operations, boosting demand for these products.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
The eastern states are home to the largest share of plastic flooring and other polymer product manufacturers. The dominant population share means most downstream business act...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Market share concentration is low. There is a large number of small-scale operators that often focus on a specific product or set of products.
Learn about the performance of the top companies in the industry.
Fenner Australia is the only company in the industry with a market share above 5.0%. The company has looked to expand in part through acquisitions, including Conveyer Pulleys...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Plastic flooring and other polymer product manufacturers must abide by environmental regulations. Many of the chemicals used in the manufacturing process can be hazardous and...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Profit margins have declined over the past five years. Rising crude oil prices have lifted purchase costs and demand has been constrained by weaker demand due to the high inf...
Including values and annual change:
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Key data sources in Australia include:
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The market size of the Plastic Flooring and Other Polymer Product Manufacturing industry in Australia is $1.6bn in 2024.
There are 514 businesses in the Plastic Flooring and Other Polymer Product Manufacturing industry in Australia, which has grown at a CAGR of 0.8 % between 2018 and 2023.
The market size of the Plastic Flooring and Other Polymer Product Manufacturing industry in Australia has been growing at a CAGR of 3.2 % between 2018 and 2023.
Over the next five years, the Plastic Flooring and Other Polymer Product Manufacturing industry in Australia is expected to grow.
The biggest companies operating in the Plastic Flooring and Other Polymer Product Manufacturing market in Australia are Fenner Dunlop Australia, Cowes Bay Group and Fletcher Building
Plastic hoses and tubing and Plastic conveyor and other belts are part of the Plastic Flooring and Other Polymer Product Manufacturing industry.
The company holding the most market share in Australia is Fenner Dunlop Australia.
The level of competition is high and increasing in the Plastic Flooring and Other Polymer Product Manufacturing industry in Australia.