Primary Form Plastics Manufacturing in the UK - Market Research Report (2014-2029)
London, United Kingdom
Last Updated: June 2024
SIC C20.160Revenue
£5.5bn
Past 5-Year Growth
Profit
£XXX.Xm
Employees
9,200
Businesses
365
Wages
£XXX.Xm
Primary Form Plastics Manufacturing in the UK industry analysis
The Primary Form Plastics Manufacturing industry's revenue is expected to decline at a compound annual rate of 1.3% over the five years through 2024-25 to £5.7 billion, including an estimated hike of 1.7% in 2024-25. Petroleum is a key input for most plastic products, so revenue and profitability can move in line with oil prices, which are historically very volatile. For example, inflated crude oil prices in 2022-23 enabled plastic manufacturers to increase average selling prices slightly, supporting growth in revenue but slashing profit.
Trends and Insights
- Plastic manufacturers’ revenue inches back from COVID-19 disruptions. A slump in activity in key downstream manufacturing and construction markets meant sales plummeted. However, a surge in demand for PPE propped up sales of PVC.
- PVC stays on top. It makes up around a quarter of plastic manufacturers’ sales, supported by its use in a wide range of downstream industries – construction, packaging, electrical and medical, to name just a few.
- Locating near major markets gives manufacturers a boost. In particular, primary form plastics manufacturers like to be close to construction industries – that’s why there are lots of establishments in the Midlands and the South East.
- Price remains key to driving sales. Primary form plastics manufacturers’ main products are all pretty similar – there’s not much that sets them apart from each other. Given this, customers’ desire to keep costs down usually wins out.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has declined at a CAGR of 3.6 % over the past five years, to reach an estimated £5.5bn in 2024.
Trends and Insights
Mounting manufacturing activity supports recovery from COVID-19-induced slump
- The ONS reported that manufacturing activity dropped by 9.5% in 2020-21. It also noted a 13.7% plunge in the non-seasonally adjusted value of construction output over 2020-21. Primary form plastic sales were severely affected by the constrained activity in these key downstream markets.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Construction activity continues to build, driving plastic sales
- Strong residential construction activity in the medium term – the result of schemes directed towards stimulating the housing market – will prop up plastic sales.
Biggest companies in the Primary Form Plastics Manufacturing in the UK
| Company | Market Share (%)
2024 | Revenue (£m)
2024 |
|---|---|---|
INEOS Group Ltd | 320.4 | |
Basell Polyolefins UK Ltd | 289.4 | |
Advanced Elastomer Systems Ltd | 186.5 |
To view the market share and analysis for all 4 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Vinyl polymers, Acrylic polymers and Polyethers. Vinyl polymers is the largest segment of the Primary Form Plastics Manufacturing in the UK.
Trends and Insights
Vinyl polymers' vast applications keep a steady demand
- Polyvinyl chloride (PVC) is a solid plastic made from vinyl chloride. The construction sector accounts for approximately 60% of PVC sales. In construction, PVC is used for a wide range of applications, including flooring, roof panels, window and door frames, cables and fixings. The most important PVC products are pipes and pipelines, which make up around a third of total PVC demand.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Sorted Material Recovery in the UK
Complementors
- Petroleum Refining in the UK
- Plastic Packing Goods Manufacturing in the UK
- Glue & Adhesives Manufacturing in the UK
International industries
- Plastic & Resin Manufacturing in the US
- Plastic & Resin Manufacturing in Canada
- Synthetic Resin and Synthetic Rubber Manufacturing in Australia
- Synthetic Resin and Synthetic Rubber Manufacturing in New Zealand
- Basic Plastics and Synthetic Resin Manufacturing in China
Table of Contents
About this industry
Industry definition
This industry includes companies involved in the manufacture of resins, plastic materials and non-vulcanisable thermoplastic elastomers. It also includes companies involved in the mixing and blending of resins on a custom basis and in the manufacture of non-customised synthetic resins. The industry also includes the manufacture of cellulose and its chemical derivatives.
What's included in this industry?
Polyvinyl chloride and polyvinyl acetateAcrylic polymersPolyethersSiliconesPolypropylenePolyethyleneOtherCompanies
INEOS Group LtdBasell Polyolefins UK LtdAdvanced Elastomer Systems LtdPurchase this report to view all 4 major companies in this industry.
Related Terms
SYNTHETIC RESINSDIMENSIONAL TOLERANCETHERMOPLASTICPOLYMERBIOPLASTICPOLYVINYL CHLORIDEPOLYETHYLENEPOLYPROPYLENEIndustry Code
SIC 20.16 - Primary Form Plastics Manufacturing in the UK
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Plastic manufacturers’ revenue inches back from COVID-19 disruptions. A slump in activity in key downstream manufacturing and construction markets meant sales plummeted. Howe...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
PVC stays on top. It makes up around a quarter of plastic manufacturers’ sales, supported by its use in a wide range of downstream industries – construction, packaging, elect...
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2024
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Locating near major markets gives manufacturers a boost. In particular, primary form plastics manufacturers like to be close to construction industries – that’s why there are...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each region in 2024
- Number and share of revenue each region accounts for in 2024
- Number and share of wages each region accounts for in 2024
- Number and share of employees in each region in 2024
Detailed analysis
- Geographic spread of the industry across Europe, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
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.
Analyst insights
Price remains key to driving sales. Primary form plastics manufacturers’ main products are all pretty similar – there’s not much that sets them apart from each other. Given t...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Basell Polyolefins contends with supply chain disruptions. These began after COVID-19 hit and show no sign of abating any time soon, with oil supplies continuing to fluctuate...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of INEOS Group Ltd's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Basell Polyolefins UK Ltd's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Advanced Elastomer Systems Ltd's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of revenue, market share and profit margin trend for one additional company
Detailed analysis
- Description and key data for INEOS Group Ltd, and factors influencing its performance in the industry
- Description and key data for Basell Polyolefins UK Ltd, and factors influencing its performance in the industry
- Description and key data for Advanced Elastomer Systems Ltd, and factors influencing its performance in the industry
- Description, key data and performance trends for one additional company
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
REACH remains active in the UK. It was passed over into UK law after Brexit, meaning plastic manufacturers have to continue identifying and managing the risks associated with...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Profit stays below pre-pandemic levels. It was pushed down by weakened sales and supply chain disruptions after COVID-19 hit and continues to be held back by heightened crude...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Liquidity Ratios (2018-2022)
- Coverage Ratios (2018-2022)
- Leverage Ratios (2018-2022)
- Operating Ratios (2018-2022)
- Assets (2018-2022)
- Liabilities (2018-2022)
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the UK include:
- Office for National Statistics
- Office for Budget Responsibility
- Bank of England
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Primary Form Plastics Manufacturing in the UK industry in United Kingdom in 2024?
The market size of the Primary Form Plastics Manufacturing in the UK industry in United Kingdom is £5.5bn in 2024.
How many businesses are there in the Primary Form Plastics Manufacturing in the UK industry in 2024?
There are 365 businesses in the Primary Form Plastics Manufacturing in the UK industry in United Kingdom, which has declined at a CAGR of 0.3 % between 2019 and 2024.
Has the Primary Form Plastics Manufacturing in the UK industry in United Kingdom grown or declined over the past 5 years?
The market size of the Primary Form Plastics Manufacturing in the UK industry in United Kingdom has been declining at a CAGR of 3.6 % between 2019 and 2024.
What is the forecast growth of the Primary Form Plastics Manufacturing in the UK industry in United Kingdom over the next 5 years?
Over the next five years, the Primary Form Plastics Manufacturing in the UK industry in United Kingdom is expected to grow.
What are the biggest companies in the Primary Form Plastics Manufacturing in the UK market in United Kingdom?
The biggest companies operating in the Primary Form Plastics Manufacturing market in United Kingdom are INEOS Group Ltd, Basell Polyolefins UK Ltd and Advanced Elastomer Systems Ltd
What does the Primary Form Plastics Manufacturing in the UK in United Kingdom include?
Polyvinyl chloride and polyvinyl acetate and Acrylic polymers are part of the Primary Form Plastics Manufacturing in the UK industry.
Which companies have the highest market share in the Primary Form Plastics Manufacturing in the UK in United Kingdom?
The company holding the most market share in United Kingdom is INEOS Group Ltd.
How competitive is the Primary Form Plastics Manufacturing in the UK industry in United Kingdom?
The level of competition is moderate and increasing in the Primary Form Plastics Manufacturing in the UK industry in United Kingdom.
