Establishments primarily engaged in manufacturing synthetic resins, plastics materials, and nonvulcanizable elastomers. Important products of this industry include: cellulose plastics materials; phenolic and other tar acid resins; urea and melamine resins; vinyl resins; styrene resins; alkyd resins; acrylic resins; polyethylene resins; polypropylene resins; rosin modified resins; coumarone-indene and petroleum polymer resins; miscellaneous resins, including polyamide resins, silicones, polyisobutylenes, polyesters, polycarbonate resins, acetal resins, and fluorohydrocarbon resins; and casein plastics. Establishments primarily engaged in manufacturing fabricated plastics products or plastics film, sheet, rod, non-textile monofilaments and regenerated cellulose products, and vulcanized fiber are classified in Industry Group 308, whether from purchased resins or from resins produced in the same plant. Establishments primarily engaged in compounding purchased resins are classified in Industry 3087. Establishments primarily manufacturing adhesives are classified in Industry 2891.
The plastics materials, synthetic resins, and nonvulcanizable elastomers industry (NAICS 2821) is witnessing several qualitative trends. A significant shift is towards sustainability, driven by increasing environmental regulations and consumer demand for eco-friendly products. Companies are investing in bio-based resins and recyclable polymers, aiming to reduce their carbon footprint and enhance circular economy practices.
Advancements in technology are propelling innovation within the sector. There is a growing interest in developing high-performance materials with enhanced properties such as improved strength, thermal stability, and UV resistance. These developments cater to industries like automotive, electronics, and packaging, which are constantly searching for more robust materials.
Another trend is the digital transformation of manufacturing processes, including the adoption of Industry 4.0 technologies. Smart manufacturing, utilizing IoT, AI, and machine learning, is enhancing production efficiency, reducing waste, and optimizing supply chain management.
Forecasts for the near future indicate continued growth in the demand for lightweight and durable plastic materials, especially in automotive and aerospace sectors. The push for electric vehicles (EVs) also opens up new opportunities for advanced plastics in battery components and lightweight structural parts. Furthermore, geopolitical factors and trade policies will influence raw material availability and pricing, urging companies to secure diversified supply chains.
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