The plastic resin manufacturing industry is quite vast, involving companies and firms that manufacture resins, plastic materials, and synthetic rubber, using various chemical and technological processes and tools. It is most often associated with outputs or products that also include, but are not limited to, different types of thermoplastics, polyethylene, and thermosetting resins. To put things simply, if we just say the words “plastic” and “plastic materials”, then we can trace them back to plastic resin manufacturers.
It is certainly a thriving industry. A market research report recently conducted on the plastic and resin manufacturing market in the United Shows showed an annual growth of 2.0%, with a revenue reaching $108 billion. Currently, there are over 1000 business that fall under this industry category, and they account for close to 80,000 in terms of employment. While it is true that it also suffered during the economic downturn and recession back in 2009, it has shown impressive recovery, and it looks like the trend will continue in the coming years. Therefore, it should not come as a surprise when you see resin manufacturers popping up one after the other.
The resin manufacturing industry is heavily influenced by trends in the construction and manufacturing industry. After all, companies that belong to the latter industries go to http://www.polyvisions.com/plastic-resin-manufacturers/ for raw materials for their various products. Even the automobile industry greatly relies on the plastic resin manufacturer for some plastic materials used in several automobile components. The electronics and computing industry is also showing signs of more active incorporation of plastic in their products and devices. All in all, this is a good time to be in the plastic resin manufacturing industry, and the future is turning out to be quite rosy and promising for companies that are engaged in the manufacture of plastic and resin.
