Resin, Rubber & Fiber Manufacturers
Industry Profile Report
Dive Deep into the industry with a 25+ page industry report (pdf format) including the following chapters
Industry Overview Current Conditions, Industry Structure, How Firms Operate, Industry Trends, Credit Underwriting & Risks, and Industry Forecast.
Call Preparation Call Prep Questions, Industry Terms, and Weblinks.
Financial Insights Working Capital, Capital Financing, Business Valuation, and Financial Benchmarks.
Industry Profile Excerpts
Industry Overview
The 1,060 firms in the US manufacture resin and plastic materials, synthetic rubber, artificial and synthetic fibers, and filaments. The industry supplies distributors and a broad range of manufacturers, including producers of apparel, footwear, tires and auto parts, containers and packaging, plastic wrap, paints and coatings, elastic cord, latex gloves, insulative materials, vinyl windows and siding, hoses, and home furnishings.
Consumer Demand for Natural Alternatives
Consumer awareness of the health and environmental impact of synthetic resins, plastics, rubber and fibers is driving demand for safer and biodegradable products.
Industry size & Structure
Industry Forecast
Resin, Rubber & Fiber Manufacturers Industry Growth
Recent Developments
Oct 21, 2023 - Producer Prices Are Falling
- Producer prices for resin, rubber and fiber manufacturers fell in August compared to a year ago and are down more than 7% from their April 2023 high. Overall employment by the industry declined in July year over year amid declining sales for basic chemicals, resins, and synthetics companies. Average wages at chemical manufacturers continue their steady climb topping $30 per hour for nonsupervisory employees in August.
- The United Auto Workers strike against the Big 3 auto manufacturers is causing suppliers to begin laying off workers, GM Authority reported in October citing a recent survey from the Motors & Equipment Manufacturers Association. MEMA, which represents more than 1,000 US OEM and aftermarket supplier members, found nearly 30% of surveyed vehicle suppliers have laid off some direct employees as a result of the UAW strike. The survey, conducted in late September, also indicates that additional suppliers are expected to begin layoffs by mid-October, with more than 60% of MEMA members indicating new layoffs are just over the horizon. The longer the strike continues, and the deeper it cuts into operations, demand for parts and materials will decrease and cash flow to automotive suppliers will be negatively impacted.
- As the auto industry transitions to electric vehicles, tiremakers are bringing specially designed tires for EVs to market, Tire Review reports. EVs go through tires 30% faster than gas-powered vehicles, says Bridgestone, which has developed its first EV-specific replacement tire that protects range and improves durability. The tiremaker’s new Turanza EV grand touring tire – designed for all Tesla models and the Ford Mustang Mach-E – was designed to account for the unique vehicle dynamics of EVs and features the company’s new Enliten technology, which aims to solve the wear-and-tear problem, which can contribute to air quality issues. It also incorporates 50% renewable and recycled materials using synthetic rubber associated with recycled plastic. It’s made at Bridgestone’s passenger car tire production facilities in North Carolina and Monterrey, Mexico where adjustments were made to accommodate the use of Enliten technology. including new rubber mixing and tire construction tools and technologies.
- The use of polyvinyl chloride (PVC) plastic pipes in drinking water systems may pose a health risk to humans, a new report from the environmental group Beyond Plastics warns. The report – The Perils of PVC Plastic Pipes – urges public officials against using PVC in community drinking water pipes and criticizes the Environmental Protection Agency for not issuing guidance on which pipe materials should be used for municipal drinking water projects. PVC has become a popular option for replacing old drinking water pipes and, in particular, the lead pipes and service lines that carry public health risks. The Biden administration in 2021 allocated $15 billion through the EPA's Drinking Water State Revolving Fund for states and municipalities to replace lead service lines. The data on the safety of PVC plastic piping raises serious concerns about replacing metal pipes with PVC plastic pipes, per the report.
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