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.
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.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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