The hottest American plastic industry rebounded fr

2022-07-26
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The U.S. plastic industry rebounded from the bottom, but the challenges remain especially.

some experts in the U.S. plastic industry recently said that after the heavy losses in the past 10 years, the plastic industry has embarked on the road of recovery in 2012. While analyzing the overall development of the American plastic industry, this paper particularly analyzes the development of the American plastic container industry and the new opportunities that the shale gas industry will bring to the plastic industry. There are obvious signs of recovery in the plastics industry

experts pointed out that an important sign of industry recovery is that the employment level of the plastics industry in the United States is rising. Although it has only increased by 2% compared with the previous year, this is a positive signal. In combination with some detailed technical parameters of the United States, there are still other signs reported by the National Plastics Industry Association (SPI) by Jinan new era assaying Instrument Co., Ltd, It shows that the plastic industry has come out of the trough

recently, bill carteaux, President and CEO of SPI, and michaeltaylor, senior director of international trade, highlighted these and other positive signs in two reports called the global development trend and scale and impact study. They described the plastics industry as rebounding, saying that its business condition was far better than that of other manufacturing industries

to many people, the performance of the plastics industry seems to be contradictory, because its scale has been reduced while its output has increased. For example, the production and industry data in 2011 show that, in terms of the number of employees and business volume, the scale of the plastic industry has become smaller than that in 2000, although its output value is higher

although the annual data of 2012 has not been compiled when this journal is about to go to press, the value of ex factory products of the U.S. plastic industry has exceeded $280billion in 2011, an increase of 12% compared with 2010. In fact, this growth in the plastics industry has made it the third largest industry in the U.S. manufacturing industry, providing jobs for nearly 886000 workers in 2011. Although the total number of employees decreased from 1.1 million in 2005 to 886000 in 2011, the output value increased from US $301.1 billion to US $380.4 billion

according to SPI data, from 2010 to 2011, the top five fastest growing trading partners of the U.S. plastics industry were Venezuela, Singapore, Nigeria, Russia and Vietnam. The trade volume between these five countries and the United States increased by more than 25%. Previously, in 2000, the largest trading partners were Nigeria, Vietnam, India and Russia. However, in 2011, the top five countries were Mexico, Canada, China, China and Brazil. The total exports to these five countries accounted for 62% of the total exports of the United States

on the contrary, Canada, China, Mexico, Germany and Japan were the top five importers of plastics imported by the United States in 2011, accounting for 74% of the total import volume, although the import volume decreased slightly in 2011

the overall situation has improved, but the overall operating situation is still unstable. The situation of some industries in the plastic industry is grim

plastic bottle manufacturing industry recovers growth

although the use of plastic containers and plastic bottles has become a common phenomenon in society, and people can no longer live without plastic, the industry is still unable to avoid the impact of economic fluctuations. In the five years before 2012, the industrial income of this part decreased to US $12.4 billion at an average rate of 0.4%. The plastic bottle manufacturing industry mainly relies on several key industries to purchase its products. For example, laurensetar, an industry analyst, said that the revenue of soft drink manufacturers accounted for almost half of the revenue of the plastic container industry. However, the income of the soda production industry has declined because of the changes in consumers' tastes since 2007 and the reduction in spending due to the economic downturn. In 2010, the decline in the industry's revenue weakened the demand for soft drink packaging plastic bottles, and the downstream market has begun to recover. Therefore, it is expected that the industrial revenue will increase by 2.4% in 2012

the plastic bottle manufacturing industry must also compete with foreign manufacturers. In the five years before 2012, the import volume increased at an average annual rate of 5.9%. Since 2004, the United States has become a net importer of miscellaneous plastic bottles and containers. With the further improvement of globalization, American companies will continue to move their manufacturing plants abroad to reduce production costs. At the same time, imports from abroad will also threaten the survival of the domestic manufacturing industry. The industry has medium market concentration. The cooperative relationship with key customers and long-term contracts make the industry dominated by several important enterprises, including Reynolds group, plastipak, consolidated container and Rexam. Unlike other plastic manufacturing industries, customers are scattered

in the next five years, it is expected that enterprises in this industry will continue to benefit from economies of scale, because of the recent wave of mergers and acquisitions of large companies. For example, one of the larger transactions in the past five years was Rexam PLC's acquisition of Owens Illinois' plastics division in 2007. These actions show the development trend of enhancing competitiveness in the industry through acquisition. As the economy continues to recover, the increase in customer demand will be the main force driving revenue growth in the next five years. Although the plastic price will continue to rise in the next five years, enterprises may transmit the cost increase to customers to maintain the profit margin. Preheating for 30 minutes lags behind the working state

economic uncertainty still exists

although there is still uncertainty after significant economic development, the American plastic industry is still the third largest American manufacturing industry. Carteaux quoted two SPI reports as saying: the 2011 data in these reports once again show that the plastic industry is still a large and dynamic industry, which is very important to the U.S. economy

although there is a great opportunity for the US plastics industry to recover to the level before the global economic recession by the end of the year, as pointed out by SPI officials, there are still concerns about the possible collapse of the euro zone and other unforeseen events impacting the economy

michael Taylor, senior director of SPI international trade, said in his speech at the export forum held by the U.S. Department of Commerce: if the situation continues to develop in a good direction, and there are no cross Taiwan events in the euro zone or unforeseen events like those in Japan, I think we are very likely to return to the level before the economic recession by the end of this year

shale gas may bring new opportunities to the plastic industry

experts are also debating the impact of shale gas on the plastic industry. As traditional forms of energy are becoming more and more expensive and the world market is volatile, experts regard shale gas as a feasible alternative energy. For example, Marcellus shale gas in Pennsylvania has reduced the price of natural gas. In the United States, a major user of natural gas is the petrochemical industry; In fact, shale gas has great advantages for plastic and plastic product manufacturers

at present, the price of shale gas in the United States is the lowest outside the Middle East. Some important companies, such as Chevron Phillips Chemical Co., Ltd. (the new cooperation between Chevron and ConocoPhillips also includes many factor capital companies such as the expansion of control scope, shopping malls and production costs) believe that the plastic industry can invest 30billion US dollars to build in the United States to convert natural gas into plastic products such as ethylene. Ethane is a component of natural gas, which is used to produce ethylene. Ethylene is the most common and widely produced petrochemical product in the industry. At present, the price of ethane is very low. This year, it has dropped by about 36 cents in Texas, only 52 cents per gallon. With the development of more shale rocks from Colorado to West Virginia, the price is expected to fall further

this has stimulated some actions, including investment, to build new processing plants. According to the data of Chevron Phillips, the natural gas liquid extracted from the shale layer currently in production, such as ethane, can support five new processing plants. The cost of each plant is between us $5billion and US $6billion, which can be completed within 10 years. Chevron Phillips is building a new $5billion ethylene plant (expected to be completed by 2017) and two new polypropylene plants in Baytown, Texas. Other companies that have planned to build new plants include Dow Chemical, Sasol Co., Ltd., Taiwan plastics company and Royal Dutch Shell Co., Ltd

many experts say that these developments will greatly increase the plastic production capacity of the United States, thus expanding the export volume of the United States. Therefore, experts predict that new infrastructure needs to be built to cope with the significant increase in production

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