With production value of USD407 billion, China accounts for 67.5% of the Asia Pacific total in 2023. The industry’s exports share decreases in 2023 to 6.7% of total production output. The industry’s profitability decreases and stands at 13.9% of production value in 2023, the 14th highest regionally. The costs of the industry decrease by 2% in 2023, largely driven by declining B2B costs. The total number of companies remains unchanged in 2023. The industry is fragmented, with the top five companies generating 7.9% of total production value in 2023. Rongsheng Petro Chemical Co Ltd is the largest company in China, generating 4.3% of the industry’s total production value in 2023. China has the largest market size for plastic in primary forms and synthetic rubber regionally, with demand reaching USD476 billion in 2023. B2B drives market demand, with B2B spending representing 97.8% of total demand in 2023. The market is dominated by domestic suppliers, as imports account for 13.0% of total market size in 2023.
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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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