$103.9bn
$X.Xbn
81,717
955
$X.Xbn
The plastic and resin manufacturing industry has experienced significant price fluctuations, with prices soaring in 2021 and remaining elevated since then, driven by supply chain disruptions and surging commodity costs. Although prices moderated in 2023, prices are expected to trend flat to upward through 2024, aligning with rising producer price indices and global energy price projections. Demand for plastic and resin is expected to remain soft in 2024 due to sluggish manufacturing activity and economic softness. The volatility in sales stemming from significant price swings and supply chain disruptions shows ongoing challenges for the industry, contributing to an estimated 0.9% CAGR revenue decline over the past five years, reaching $103.9 billion by 2024.
Industry revenue has declined at a CAGR of 0.9 % over the past five years, to reach an estimated $103.9bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Dow Inc. | 10,402.0 | 1,005.4 | 9.7 | |
Braskem Sa | 8,897.1 | 663.0 | 7.5 | |
Covestro Ag | 3,224.8 | 179.5 | 5.6 |
To view the market share and analysis for all 13 top companies in this industry, view purchase options.
Industry revenue is measured across several distinct product and services lines, including Thermoplastic resins and plastic materials, polyethylene, Other thermoplastics and Thermosetting resins and plastic materials. Thermoplastic resins and plastic materials, polyethylene is the largest segment of the Plastic & Resin Manufacturing in the US.
Thermoplastic products are associated with reduced plastic waste, as compared to thermosetting materials, thus benefitting from consumer preferences for eco-friendly products
This industry manufactures resins such as thermosetting and thermoplastic resins, plastic materials (i.e. polymers) and synthetic rubber. Raw material inputs are sourced from industries involved in chemical manufacturing and the production of petroleum-based feedstock.
Purchase this report to view all 13 major companies in this industry.
NAICS 32521 - Plastic & Resin Manufacturing in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
The industry has faced price volatility, driven by supply chain disruptions and fluctuating demand. The outlook for 2024 suggests soft demand.
Learn about an industry's products and services, markets and trends in international trade.
Soft demand from the manufacturing sector is expected to continue in 2024. Global economic softness will potentially lead to reduced inventories and impact demand for plastic...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Manufacturers are located near suppliers and downstream buyers. This can make it more cost-effective for manufacturers when they need to purchase raw materials and make it ea...
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.
Price is the main form of competition in the industry. Large manufacturers may own their own supply distributors, helping to reduce costs and price products more competitivel...
Learn about the performance of the top companies in the industry.
The industry is fragmented as a variety of niche products catered to different markets are made by manufacturers. This makes it difficult for a few companies to dominate the ...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Many plastic manufacturing operations generate hazardous air pollutants during the application and curing of thermostat resins. State and federal agencies regulate these emis...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Products are tied to the price of raw materials. When crude oil and natural gas prices rise, inputs typically become more expensive, leading to rising purchasing costs for ma...
Including values and annual change:
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.
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 US include:
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:
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.
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.
Unlock comprehensive answers and precise data upon purchase. View purchase options.
The market size of the Plastic & Resin Manufacturing in the US industry in United States is $103.9bn in 2024.
There are 955 businesses in the Plastic & Resin Manufacturing in the US industry in United States, which has declined at a CAGR of 0.5 % between 2019 and 2024.
The market size of the Plastic & Resin Manufacturing in the US industry in United States has been declining at a CAGR of 0.9 % between 2019 and 2024.
Over the next five years, the Plastic & Resin Manufacturing in the US industry in United States is expected to grow.
The biggest companies operating in the Plastic & Resin Manufacturing market in United States are Dow Inc., Braskem Sa and Covestro Ag
Thermoset resin manufacturing and Thermoplastic resin manufacturing are part of the Plastic & Resin Manufacturing in the US industry.
The company holding the most market share in United States is Dow Inc..
The level of competition is moderate and increasing in the Plastic & Resin Manufacturing in the US industry in United States.