Reinforced plastic: Rising demand from downstream markets will boost revenue and profit growth
Plastic & Resin Manufacturing in Texas The Plastic and Resin Manufacturing industry in Texas has experienced steady demand for its products over the five years to 2017. However, revenue is still expected to decrease over the five-year period. The industry, which relies on demand from downstream manufacturers and the construction sector, has benefited from increased construction and manufacturing activity, though low product prices have negatively affected revenue. Continuous growth in downstream manufacturing markets is expected to support industry demand over the five years to 2022, and revenue is expected to rebound.
This industry manufactures resins, plastic materials (i.e. polymers) and synthetic rubber. This includes thermosetting resins, thermoplastic resins and synthetic rubber. Raw material inputs are sourced from chemical industries and industries involved in 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.
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