IBISWorld Platform
Answer any industry question in minutes with our entire database at your fingertips.
Basic Plastics and Synthetic Resin Manufacturing in China Industry Data and Analysis
China is now the world’s largest producer and consumer of basic plastics and synthetic resins. Revenue for the Basic Plastics and Synthetic Resin Manufacturing industry is expected to grow at an annualized 2.7% over the five years through 2025, to total $195.6 billion. This expansion is largely due to the development of the downstream industries, like plastic products manufacturing, a key consumer of industry’s products. However, industry revenue has been volatile in the past five years, mainly affected by the fluctuations in prices of basic plastics and synthetic resins.Basic plastics and synthetic resin output in China is expected to increase at an average rate of 5.1% in the past five years to 2025, to 135.1 million tons. Industry exports are expected to reach $39.1 billion in 2025, and accounting for 20.0% of total industry revenue, up from 9.4% in 2020. Competing imports are expected to reach $42.3 billion in 2025, and accounting for 21.3% of domestic demand, down from 26.4% of domestic demand in 2020.Profit is estimated to account for 5.7% of industry revenue in 2025. Existing players are struggling against shrinking profitability and seeking ways to cut cost by improving management or technology. The rising prices of the raw materials used in basic plastics and synthetic resin manufacturing have also squeezed industry profit margins over the past five years.Industry demand is anticipated to remain relatively stable over the next five years. Revenue is forecast to increase at an annualized 2.5% over the five years through 2030, to $220.8 billion. With new production lines being put into use each year, competition in the industry is projected to intensify. Additionally, the Chinese Government is anticipated to increase its regulation of the industry with respect to environmental protection and energy efficiency, consequently increasing the barriers to entry.
Access this data your way
The Basic Plastics and Synthetic Resin Manufacturing in China Industry analysis is available in multiple formats to fit seamlessly into your workflow.
API Data Delivery
Feed trusted, human-driven industry intelligence straight into your platform.
Integrations
Streamline your workflow with IBISWorld’s intelligence built into your toolkit.
What's included in this industry analysis
IBISWorld's research coverage on the Basic Plastics and Synthetic Resin Manufacturing industry in China includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released May 2025.
About this industry
What's this industry report about?
The Basic Plastics and Synthetic Resin Manufacturing industry in China operates under the industry code 2651. Companies operating in the Basic Plastic and Synthetic Resin Manufacturing industry produce primary plastic materials from oil and natural gas products. Major products of the industry include polyethylene (PE), polypropylene (PP), polyvinyl chloride (PVC), acrylonitrile butadiene styrene (ABS), and polystyrene (PS). Related terms covered in the Basic Plastics and Synthetic Resin Manufacturing industry in China include olefin, polyvinyl chloride (pvc), polyethylene (pe) , polypropylene (pp) , polystyrene (ps) and acrylonitrile butadiene styrene (abs).
What's included in this industry?
Products and services covered in Basic Plastics and Synthetic Resin Manufacturing industry in China include Polyvinyl chloride (PVC) , Polyethylene (PE) and Polypropylene (PP).
What companies are included in this industry?
Companies covered in the Basic Plastics and Synthetic Resin Manufacturing industry in China include China Petroleum & Chemical Corporation, PetroChina Company Limited and Ningxia Baofeng Energy Group Co., Ltd.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Basic Plastics and Synthetic Resin Manufacturing industry in China.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed product and service segmentation, analysis of major markets and international trade data for the for the Basic Plastics and Synthetic Resin Manufacturing industry in China.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Basic Plastics and Synthetic Resin Manufacturing industry in China.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Basic Plastics and Synthetic Resin Manufacturing industry in China. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Basic Plastics and Synthetic Resin Manufacturing industry in China. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Basic Plastics and Synthetic Resin Manufacturing industry in China. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Basic Plastics and Synthetic Resin Manufacturing industry in China. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Basic Plastics and Synthetic Resin Manufacturing industry in China.
Trusted by industry professionals
More than 6,000 businesses use IBISWorld to shape local and global economies
We were able to supplement our reports with IBISWorld’s information from both a qualitative and quantitative standpoint. All of our reporting now features some level of IBISWorld integration.
IBISWorld delivers the crisp business knowledge we need to drive our business. Whether it be serving up our major clients, winning new business or educating on industry issues, IBISWorld brings real value.
IBISWorld has revolutionised business information — which has proved commercially invaluable to exporters, investors and public policy professionals in Australia and overseas.
When you’re able to speak to clients and be knowledgeable about what they do and the state that they operate in, they’re going to trust you a lot more.
Frequently Asked Questions
What is the market size of the Basic Plastics and Synthetic Resin Manufacturing industry in China in 2026?
The market size of the Basic Plastics and Synthetic Resin Manufacturing industry in China is $195.6bn in 2026.
How many businesses are there in the Basic Plastics and Synthetic Resin Manufacturing industry in China in 2025?
There are 1,627 businesses in the Basic Plastics and Synthetic Resin Manufacturing industry in China, which has declined at a CAGR of 0.4 % between 2020 and 2025.
How may import tariffs affect the Basic Plastics and Synthetic Resin Manufacturing industry in China?
The Basic Plastics and Synthetic Resin Manufacturing industry in China is likely to be impacted by import tariffs with imports accounting for a moderate share of industry revenue.
How may export tariffs affect the Basic Plastics and Synthetic Resin Manufacturing industry in China?
The Basic Plastics and Synthetic Resin Manufacturing industry in China is likely to be impacted by export tariffs with exports accounting for a moderate share of industry revenue.
Has the Basic Plastics and Synthetic Resin Manufacturing industry in China grown or declined over the past 5 years?
The market size of the Basic Plastics and Synthetic Resin Manufacturing industry in China has been growing at a CAGR of 2.7 % between 2020 and 2025.
What is the forecast growth of the Basic Plastics and Synthetic Resin Manufacturing industry in China over the next 5 years?
Over the next five years, the Basic Plastics and Synthetic Resin Manufacturing industry in China is expected to grow.
What are the biggest companies in the Basic Plastics and Synthetic Resin Manufacturing industry in China?
The biggest companies operating in the Basic Plastics and Synthetic Resin Manufacturing industry in China are China Petroleum & Chemical Corporation, PetroChina Company Limited and Ningxia Baofeng Energy Group Co., Ltd.
What does the Basic Plastics and Synthetic Resin Manufacturing industry in China include?
Polyvinyl chloride (PVC) and Polyethylene (PE) are part of the Basic Plastics and Synthetic Resin Manufacturing industry in China.
Which companies have the highest market share in the Basic Plastics and Synthetic Resin Manufacturing industry in China?
The company holding the most market share in the Basic Plastics and Synthetic Resin Manufacturing industry in China is China Petroleum & Chemical Corporation.
How competitive is the Basic Plastics and Synthetic Resin Manufacturing industry in China?
The level of competition is high and increasing in the Basic Plastics and Synthetic Resin Manufacturing industry in China.
Cut through the noise with intelligence you can trust
