Breaking the mould: Investment in nonresidential will stimulate industry revenue growth

As economic conditions began to improve following the recession, demand for industry products from the manufacturing and construction sectors rose in tandem. As a result, despite significant price volatility in the industry's key inputs, steady downstream market demand has driven industry growth over the five years to 2017. Over the five years to 2022, IBISWorld anticipates that the industry will continue to grow, albeit at a much slower pace compared with the previous five-year period. Slowed growth will be due, in part, to an appreciating Canadian dollar affecting industry more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23
Market Share of Companies

Industry Threats & Opportunities

  • Industry performance is highly susceptible to economic conditions abroad, most notably in the United States
  • The industry has been significantly bolstered by rising exports
  • Downstream users are expected to maintain recent momentum
  • Industry Report - Industry Products Chapter

    According to the North American Industry Classification System (NAICS), the Plastic and Resin Manufacturing industry in Canada primarily engages in manufacturing synthetic resins, plastic materials and synthetic rubber from basic organic chemicals. This industry is in the mature stage of its life cycle, so its product segments are not expected to change much over the next five years. IBISWorld estimates that the industry's revenue is primarily generated through the sale of thermoplastic resins and plastic materials.Polyethylene resins and plasticPolyethylene resins and plastics represent the largest product segment for the industry, accounting for an estimated 31.9% of industry revenue in 2018. Its...purchase to read more.

    Additional Insights for the Plastic & Resin Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Plastic & Resin Manufacturing Industry are

  • Guaranteed supply of key inputs
  • Concentration on core business
  • Upstream vertical integration (ownership links)
  • IBISWorld analysts also discuss how external factors such as Demand from manufacturing and Canadian effective exchange rate index in the Plastic & Resin Manufacturing industry impact industry performance..

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    What's in this report

    What is the Plastic & Resin Manufacturing Industry?

    Operators in this industry manufacture resins, plastic materials (i.e. polymers) and synthetic rubber. Key product groups include thermosetting resins, thermoplastic resins and synthetic rubber. Raw material inputs are sourced from chemical industries as well as those involved in petroleum-based feedstock production.

    Industry Products
  • Polyethylene resins and plastic materials
  • Other thermoplastics
  • Thermosetting resins and plastic materials
  • Synthetic rubber
  • Other resins
  • Industry Activities
  • Thermoset resin
  • Thermoplastic resin
  • Synthetic rubber
  • Polyethylene resin
  • Polypropylene resin
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from manufacturing
  • Canadian effective exchange rate index
  • Demand from construction
  • World price of crude oil

  • Current Performance
  • Growing demand
  • Steady trade
  • Declining prices cut into revenue, boost profit
  • Industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Sustained demand
  • Trade opportunities
  • Profit trends and industry structure
  • Table: Plastic & Resin Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Plastic & Resin Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Plastic Film, Sheet & Bag Manufacturing in Canada
  • Plastic Pipe & Parts Manufacturing in Canada
  • Plastic Bottle Manufacturing in Canada
  • Other Plastic Product Manufacturing in Canada
  • Tire Manufacturing in Canada

  • Key Selling Industries
  • Electric Power Transmission in Canada
  • Natural Gas Distribution in Canada
  • Petrochemical Manufacturing in Canada
  • Petroleum Refining in Canada

  • Products & Services
  • Other thermoplastics
  • Polyethylene resins and plastic materials
  • Thermosetting resins and plastic materials
  • Synthetic rubber
  • Other resins
  • Chart: Plastic & Resin Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
  • Manufacturing
  • Construction
  • International demand
  • Other

  • Major Markets
  • US exports
  • All other exports
  • Manufacturing
  • Construction
  • Other
  • Chart: Major Market Segmentation for the Plastic & Resin Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesRent, utilities and depreciationOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Plastic & Resin Manufacturing

  • Basis of Competition
    External competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Plastic & Resin Manufacturing Industry

  • Industry Globalization
    NOVA Chemicals Corporation,
  • Table: NOVA Chemicals Corporation - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Plastic & Resin Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Plastic & Resin Manufacturing Industry
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)
  • World Price of Crude Oil (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • A process in which material is forced through a series of dies (similar to wire drawing) to form it into its desired shape.
  • Injection Moulding
  • A manufacturing process for forming objects, as of plastic or metal, by heating the moulding material to a fluid state and injecting it into a mould.
  • Metallocene Technology
  • Metallocene is a type of catalyst used for producing polyethylene resins that offer better plastic properties over resins produced with conventional Ziegler-Natta or Philips catalysts.
  • Tetrabutyltin
  • A chemical additive used to stabilize polyvinyl chloride resins.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Plastic & Resin Manufacturing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Plastic & Resin Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Plastic & Resin Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Plastic & Resin Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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