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| Products/Services Breakdown | |
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| Financial Metrics | |
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| Public Company Information | |
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2023 U.S. Industry Statistics & Market Forecast - Plastics Material & Resin Manufacturing
Market Size & Industry Statistics
The total U.S. industry market size for Plastics Material & Resin Manufacturing:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
| Statistics | 2017 2018 2019 2020 2021 2022 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year / six-year demand forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|
| Market Forecast ($ millions) | ||||||
| Projected Industry Growth Rate (%) | ||||||
Industry Insights
The Plastics Material & Resin Manufacturing industry is a critical supplier to many important industries such as automotive, construction, and healthcare. Over the last few years, several key trends have had a significant impact on the industry.Firstly, increased focus on sustainability has led to a growing demand for bio-based and recycled plastic materials. Consumers and businesses alike are looking for eco-friendly alternatives to traditional plastics, and manufacturers are responding by investing in new technologies and materials to meet this demand.
Secondly, digitalization and automation are transforming the industry. Advanced data analytics is helping manufacturers optimize production processes and reduce waste, while robotics is replacing human labor in some areas.
Thirdly, the rise of additive manufacturing, or 3D printing, is disrupting traditional supply chains and opening up new opportunities for the industry. This technology allows for on-demand production and customization, which can be a significant advantage for manufacturers.
Finally, geopolitical and economic factors are also impacting the industry, particularly in terms of trade policies and tariffs. This has led to uncertainty in the market, making it essential for manufacturers to be agile and adaptable in their business strategies.
Overall, the Plastics Material & Resin Manufacturing industry is facing both challenges and opportunities as it looks to meet the evolving demands of consumers and businesses while navigating a rapidly changing global landscape.
Product & Services Breakdown
Research products and services in the Plastics Material & Resin Manufacturing industry generating sales. Note that products are broken into categories with different levels of classification.| Product Description | Sales ($ millions) | Percent of Total Sales | |
|---|---|---|---|
Industry Total |
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Petrochemical Manufacturing |
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Industrial Gas Manufacturing |
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Other Basic Inorganic Chemical Manufacturing |
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All Other Basic Organic Chemical Manufacturing |
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Other Synthetic Organic Chemicals |
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Miscellaneous End-Use Chemicals And Chemical Products, Excluding Urea |
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Plastics Material And Resin Manufacturing |
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Thermoplastic Resins And Plastics Materials |
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Thermosetting Resins And Plastics Materials |
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Plastics Material And Resin Manufacturing, Not Categorized, Total |
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Synthetic Rubber Manufacturing |
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Synthetic Rubber (Vulcanizable Elastomers) |
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Paint And Coating Manufacturing |
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Special-Purpose Coatings Including All Marine Coatings, Industrial, Construction And Maintenance Coatings, Traffic Marking Paint |
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Adhesive Manufacturing |
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Surface Active Agent Manufacturing |
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Surfactants, Finishing Agents, And Assistants |
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Custom Compounding Of Purchased Resins And Color Concentrates |
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Custom Compounding Of Purchased Resins |
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All Other Miscellaneous Chemical Product And Preparation Manufacturing |
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All Other Chemical Preparations, Including Essential Oils |
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Unlaminated Plastics Film And Sheet, Excluding Packaging |
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Unlaminated Plastics Film And Sheet (Except Packaging) Manufacturing |
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Unlaminated Plastics Profile Shape Manufacturing |
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Unlaminated Plastics Profile Shapes |
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Total Miscellaneous Receipts |
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Resales - Sales Of Products Bought And Sold Without Further Manufacture, Processing, Or Assembly |
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Contract Work - Receipts For Work Done For Others On Their Materials |
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Miscellaneous Receipts, Including Receipts For Repair Work, Sales Of Scrap And Refuse. |
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U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.| Industry Average | Percent of Sales (Industry Benchmark) | |
|---|---|---|
| Total Revenue | Order at top of page |
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| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| Other Operating Expenses | ||
| Total Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| EBIT (Earnings Before Interest and Taxes) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Plastics Material & Resin Manufacturing company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry Average |
|---|---|
| Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Plastics Material & Resin Manufacturing industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
|
| Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
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| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Plastics Material & Resin Manufacturing measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
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| Liquidity Ratios | Industry Average |
|---|---|
| Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
| Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
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| Efficiency Ratios - Key Performance Indicators | Industry Average |
|---|---|
| Measure how quickly products and services sell, and effectively collections policies are implemented. | |
| Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
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Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 10% | Order at top of page |
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| Chief Executives | 0% | |||
| General and Operations Managers | 2% | |||
| Business and Financial Operations Occupations | 6% | |||
| Business Operations Specialists | 5% | |||
| Architecture and Engineering Occupations | 6% | |||
| Life, Physical, and Social Science Occupations | 9% | |||
| Office and Administrative Support Occupations | 9% | |||
| Installation, Maintenance, and Repair Occupations | 6% | |||
| Other Installation, Maintenance, and Repair Occupations | 5% | |||
| Production Occupations | 40% | |||
| Other Production Occupations | 30% | |||
| Chemical Processing Machine Setters, Operators, and Tenders | 13% | |||
| Chemical Equipment Operators and Tenders | 12% | |||
| Packaging and Filling Machine Operators and Tenders | 7% | |||
| Packaging and Filling Machine Operators and Tenders | 7% | |||
| Transportation and Material Moving Occupations | 7% | |||
| Material Moving Workers | 5% | |||
Plastics Material & Resin Manufacturing Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Plastics Material & Resin Manufacturing industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Plastics Material & Resin Manufacturing industry and adjacent sectors:| Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Plastics Material & Resin Manufacturing industry. |
Source:
Government Contracts
In 2022, the federal government spent a total of $38,367,451 on Plastics Material & Resin Manufacturing. It has awarded 227 contracts to 81 companies, with an average value of $473,672 per company.| Most Recent Contracts | Date | Total Award Amount |
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