The Synthetic Resin and Synthetic Rubber Manufacturing industry plays an important part in Australia's overall chemicals and plastics manufacturing sector. The vast majority of industry output feeds into the manufacture of downstream products. Despite its important role in manufacturing, the industry has failed to grow over the past five years. General macroeconomic uncertainty and rising imports have restrained revenue growth. Industry revenue is expected to fall at an annualised 1.9% over the five years through 2014-15 to reach $2.81 billion. Despite the declining trend, industry revenue is expected to grow by 1.3% in 2014-15 as the depreciating Australian dollar supports exports.
Companies in this industry manufacture synthetic resins and synthetic rubber. Manufacturing may be undertaken on both a customised or non-customised basis. It also includes the mixing and blending of resins and polymeric materials. Key products include synthetic resins, non-vulcanisable elastomers and synthetic rubbers and blends. Industry products are sold to downstream industries, including packaging, chemicals, construction and transportation.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.