Plastic & Resin Manufacturing in the US - Industry Market Research Report

Plastic & Resin Manufacturing in the US - Industry Market Research Report

Plastic & Resin Manufacturing in the US

Plastic and resin manufacturers have encountered volatile revenue growth because of fluctuating demand for products. COVID-19 put pressure on manufacturers and resulted in a revenue decline in 2020. After the pandemic, rebounding global productivity and increased manufacturing capacity helped plastic and resin manufacturers grow their revenue. Overall, revenue has grown at a CAGR of 0.8% to $129.1 billion through the end of 2023, including a 0.3% decline in 2023. Profit accounts for 0.7% of revenue in 2023, down from 7.6% in 2018.

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.

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.