The market is dominated by domestic suppliers, as imports account for 13.2% of total market size in 2022. B2B drives market demand, with B2B spending representing 96.9% of total demand in 2022. China has the largest market size for plastic in primary forms and synthetic rubber regionally, with demand reaching USD485 billion in 2022. Rongsheng Petro Chemical Co Ltd is the largest company in China, generating 4.1% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 7.5% of total production value in 2022. The total number of companies decreases in 2022, to 31,168 units. The costs of the industry increase by 1.9% in 2022, largely driven by rising B2B costs. The industry’s profitability increases and stands at 14.1% of production value in 2022, the eighth highest regionally. The industry’s exports share increases in 2022 to 6.8% of total production output. With production value of USD416 billion, China accounts for 70.4% of the Asia Pacific total in 2022.
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This Euromonitor industrial report provides unique information on Plastic in Primary Forms and Synthetic Rubber in China: ISIC 2413. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Plastic in Primary Forms and Synthetic Rubber in China: ISIC 2413 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of basic chemicals, fertilisers and nitrogen compounds, man-made fibers, paints and varnishes, pesticides and other agro-chemical products, photochemicals, explosives and other chemicals, plastic in primary forms and synthetic rubber.
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