Los Angeles, CA (PRWEB) November 29, 2011
In the five years to 2016, total revenue of the Plastic Board, Pipe and Shaped Product Manufacturing industry in China will increase at an annualized rate of 15.8% to $123.0 billion, according to IBISWorld, America’s largest publisher of industry research. The main drivers of industry growth will be steady increases in overall demand and greater demand for more environmentally friendly products.
Despite the negative effects of the global financial crisis on China's economy, the Plastic Board, Pipe and Shaped Products Manufacturing industry in China has maintained strong growth each year over the past five years. Municipal construction and other public infrastructure projects have ensured long-term demand for plastic materials, especially plastic pipes, according to IBISWorld’s newly updated Plastic Board, Pipe and Shaped Products Manufacturing industry report. A prosperous real estate industry, increased development in China's western regions and the reconstruction of the earthquake-stricken areas in Sichuan Province also boosted demand for plastic materials over the past five years.
In 2011, the Chinese Government accelerated the construction of indemnificatory housing projects, with new starts of about 10 million units during the year. Also, the State Council declared that construction of water-conservation infrastructure will be accelerated with increasing investment from 2011 to 2020. This is expected to stimulate demand for various industry products during 2011 and into the future. Industry revenue is expected to increase by 25% to $59.16 billion at the end of 2011.
The industry's long-term prospects are promising as the urbanization rate in China is still quite low. Strong demand for plastic materials from urban public infrastructure projects and the real estate sector is expected to continue for many years. The government has been encouraging use of plastic construction materials in water supply systems, drainage systems, gas delivery systems and power network systems, while setting the goal to increase the market share of plastic pipes to over 60% in future years.
For more information, including profit, market shares and market segmentation, download IBISWorld’s report on Plastic Board, Pipe and Shaped Product Manufacturing in China
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The Plastic Board, Pipe and Shaped Products Manufacturing industry in China consists of establishments that manufacture plastic boards, sheets, pipes, rods and shaped products.
Plastic Board, Pipe and Shaped Products Manufacturing in China Report Key Topics
Key External Drivers
Industry Life Cycle
Products & Markets
Products & Services
Globalization & Trade
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on 200 Chinese industries. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com.cn or call 1-800-330-3772.