$437.3m
$XX.Xm
1,178
95
$XX.Xm
Plastic foam product manufacturers have endured a challenging business environment. Notably, COVID-19 pandemic-related issues, including supply chain disruptions and labour shortages, have significantly lowered demand from the construction and automobile sectors, raising revenue volatility. Despite a turbulent economy, furniture manufacturers’ demand was buoyant over the three years through 2021-22, thanks to a lockdown-induced boom in the furniture market. Concurrently, increased costs due to rising energy prices and global inflation squeezed plastic foam product manufacturers’ profit margins. Industry revenue has declined at an annualised 7.4% over the past five years, with an anticipated 4.6% fall in 2023-24, to $437.3 million.
Industry revenue has declined at a CAGR of 7.4 % over the past five years, to reach an estimated $437.3m in 2023.
Market size is projected to decline over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 |
---|---|---|
Joyce Foam | 81.6 | |
Sleepyhead | 75.7 | |
Huntsman Chemical Australia | 51.7 |
To view the market share and analysis for all 5 top companies in this industry, view purchase options.
Industry revenue is measured across several distinct product and services lines, including Expanded polystyrene, Polyurethane and Extruded polystyrene. Expanded polystyrene is the largest segment of the Plastic Foam Product Manufacturing in Australia.
Higher demand from the manufacturing sector has strengthened polyurethane foam sales
Plastic foam product manufacturers produce polymer foam products. Manufacturers also produce polymer filler to fill cavities in walls, and as insulation and cushioning materials for swimming pools and spas and for marine flotation.
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ANZSIC 1913 - Plastic Foam 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.
A turbulent economy has diminished plastic foam product manufacturers’ performance. Global economic disruptions stemming from the COVID-19 pandemic have reduced demand from t...
Learn about an industry's products and services, markets and trends in international trade.
Recovering demand in the manufacturing and construction sectors has favoured revenue growth for polyurethane and extruded polystyrene products. With the products' diverse cha...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
New South Wales, Victoria, and Queensland are home to most plastic product manufacturers. These three states hold a substantial share of the industry’s enterprises, indicatin...
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.
Plastic is a versatile, cost-effective material that generates stable demand despite growing environmental concerns. Polyurethane and polystyrene are commonly used in constru...
Learn about the performance of the top companies in the industry.
More prominent manufacturers with diversified products and offerings have been successful. Manufacturers with clients in various sectors, from construction to furniture manuf...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Manufacturers face moderate regulatory pressures. Current regulations impacting plastic foam product manufacturers relate to environmental protection, and consumer awareness ...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Industrywide profit margins have trended downwards due to subdued domestic demand. The COVID-19 pandemic led to supply chain disruptions that severely reduced demand from con...
Including values and annual change:
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Key data sources in Australia include:
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These sources include:
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The market size of the Plastic Foam Product Manufacturing industry in Australia is $437.3m in 2024.
There are 95 businesses in the Plastic Foam Product Manufacturing industry in Australia, which has declined at a CAGR of 4.1 % between 2018 and 2023.
The market size of the Plastic Foam Product Manufacturing industry in Australia has been declining at a CAGR of 7.4 % between 2018 and 2023.
Over the next five years, the Plastic Foam Product Manufacturing industry in Australia is expected to decline.
The biggest companies operating in the Plastic Foam Product Manufacturing market in Australia are Joyce Foam, Sleepyhead and Huntsman Chemical Australia
Expanded polystyrene and Polyurethane are part of the Plastic Foam Product Manufacturing industry.
The company holding the most market share in Australia is Joyce Foam.
The level of competition is high and increasing in the Plastic Foam Product Manufacturing industry in Australia.