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Synthetic Resin and Synthetic Rubber Manufacturing in Australia Industry Data and Analysis
Synthetic resin and synthetic rubber manufacturers have faced challenging operating conditions, with sales figures diminishing over the past few years. Declines across key downstream manufacturing industries and high import penetration have hindered the industry's growth. The COVID-19 pandemic further reduced revenue and demand for synthetic resin and synthetic rubber goods from 2019-20 to 2020-21. Many products are used as raw materials and intermediate inputs in a variety of downstream markets, including in the construction and manufacturing divisions. Product volumes often reflect domestic demand derived from these key markets, including polymer product manufacturers, which have trended downwards in recent years.
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What's included in this industry analysis
IBISWorld's research coverage on the Synthetic Resin and Synthetic Rubber Manufacturing industry in Australia includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released January 2025.
About this industry
What's this industry report about?
The Synthetic Resin and Synthetic Rubber Manufacturing industry in Australia operates under the ANZSIC industry code C1821. Companies in the industry manufacture synthetic resins and synthetic rubber. Industry manufacturing includes mixing and blending resins and polymeric materials. Key products include synthetic resins, non-vulcanisable elastomers, and synthetic rubbers and blends. Industry products are sold to downstream industries, like packaging, chemical, construction and transportation firms. Related terms covered in the Synthetic Resin and Synthetic Rubber Manufacturing industry in Australia include synthetic rubber, high-density polyethylene (hdpe), low-density polyethylene (ldpe), linear low-density polyethylene (lldpe) and polyvinyl chloride (pvc).
What's included in this industry?
Products and services covered in Synthetic Resin and Synthetic Rubber Manufacturing industry in Australia include Synthetic rubber products, Thermosetting resins and Other synthetic resin and rubber products.
What companies are included in this industry?
Companies covered in the Synthetic Resin and Synthetic Rubber Manufacturing industry in Australia include Micro Pellets Australia, Viva Energy Australia and Qenos Holdings.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Synthetic Resin and Synthetic Rubber Manufacturing industry in Australia.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed product and service segmentation, analysis of major markets and international trade data for the for the Synthetic Resin and Synthetic Rubber Manufacturing industry in Australia.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Synthetic Resin and Synthetic Rubber Manufacturing industry in Australia.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Synthetic Resin and Synthetic Rubber Manufacturing industry in Australia. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Synthetic Resin and Synthetic Rubber Manufacturing industry in Australia. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Synthetic Resin and Synthetic Rubber Manufacturing industry in Australia. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Synthetic Resin and Synthetic Rubber Manufacturing industry in Australia. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Synthetic Resin and Synthetic Rubber Manufacturing industry in Australia.
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Frequently Asked Questions
What is the market size of the Synthetic Resin and Synthetic Rubber Manufacturing industry in Australia in 2026?
The market size of the Synthetic Resin and Synthetic Rubber Manufacturing industry in Australia is $2.3bn in 2026.
How many businesses are there in the Synthetic Resin and Synthetic Rubber Manufacturing industry in Australia in 2025?
There are 255 businesses in the Synthetic Resin and Synthetic Rubber Manufacturing industry in Australia, which has declined at a CAGR of 0.4 % between 2020 and 2025.
How may import tariffs affect the Synthetic Resin and Synthetic Rubber Manufacturing industry in Australia?
The Synthetic Resin and Synthetic Rubber Manufacturing industry in Australia is likely to be significantly impacted by import tariffs with imports accounting for a high share of industry revenue.
How may export tariffs affect the Synthetic Resin and Synthetic Rubber Manufacturing industry in Australia?
The Synthetic Resin and Synthetic Rubber Manufacturing industry in Australia is likely to be impacted by export tariffs with exports accounting for a moderate share of industry revenue.
Has the Synthetic Resin and Synthetic Rubber Manufacturing industry in Australia grown or declined over the past 5 years?
The market size of the Synthetic Resin and Synthetic Rubber Manufacturing industry in Australia has been declining at a CAGR of 4.8 % between 2020 and 2025.
What is the forecast growth of the Synthetic Resin and Synthetic Rubber Manufacturing industry in Australia over the next 5 years?
Over the next five years, the Synthetic Resin and Synthetic Rubber Manufacturing industry in Australia is expected to grow.
What are the biggest companies in the Synthetic Resin and Synthetic Rubber Manufacturing industry in Australia?
The biggest companies operating in the Synthetic Resin and Synthetic Rubber Manufacturing industry in Australia are Micro Pellets Australia, Viva Energy Australia and Qenos Holdings
What does the Synthetic Resin and Synthetic Rubber Manufacturing industry in Australia include?
Polyethylene and Thermosetting resins are part of the Synthetic Resin and Synthetic Rubber Manufacturing industry in Australia.
Which companies have the highest market share in the Synthetic Resin and Synthetic Rubber Manufacturing industry in Australia?
The company holding the most market share in the Synthetic Resin and Synthetic Rubber Manufacturing industry in Australia is Micro Pellets Australia.
How competitive is the Synthetic Resin and Synthetic Rubber Manufacturing industry in Australia?
The level of competition is moderate and increasing in the Synthetic Resin and Synthetic Rubber Manufacturing industry in Australia.
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