General

Plastics Manufacturer: High-Quality Plastic Products for Diverse Industries

Plastics Manufacturer: High-Quality Plastic Products for Diverse Industries

Plastics Manufacturer: In this article, we will discuss the 15 largest plastic manufacturing companies in the world. If you want to skip our analysis of the plastics industry, you can go directly to the 5 largest plastics companies in the world.

The plastics industry produces a variety of plastic products for a variety of purposes, from packaging to building materials. Plastic is widely used in many industries because it is lightweight, durable, and economical. Plastic manufacturing typically involves the use of injection molding, extrusion, and blow molding processes, among others. Injection molding involves pouring molten plastic into a mold to create the desired shape. Extrusion involves forcing plastic through a die to create a continuous shape. Blow molding involves blowing air into a plastic container or bottle to create the desired shape. The industry also uses various secondary processes, such as painting, machining, and assembly. Companies can also offer custom services, such as designing and making molds and dies for specific products.

Plastics Manufacturer: Global Plastics Industry: Analysis

The global plastics industry was worth $593 billion in 2021, according to a market research report from Grand View Research. The industry is projected to grow to $811.57 billion by 2030 at a CAGR of 3.7% from 2022 to 2030.

This growth is expected to be supported by favorable demand trends for plastics in lucrative end markets such as consumer electronics, construction,, and automotive. The use of plastics as a substitute for metal is another important growth driver. Moreover, rising construction activity in emerging markets such as India and China is fueling growth in plastics production.

By product type, polyethylene held a dominant share in the global plastics market in 2021, contributing more than 25% of global revenue. Polyethylene is widely used in packaging materials such as containers and bags. Acrylonitrile butadiene styrene, or ABS, is another popular plastic product used primarily in consumer products and electronics.

As mentioned above, plastic is produced using various processes. However, the injection molding process has held a dominant market share and accounted for more than 43% of global plastics demand in 2021. Injection molding is a core manufacturing process for medical devices and automotive parts.

Asia Pacific accounted for the largest share of global plastics market revenue in 2021, accounting for 44% of global revenue. Due to rapid urbanization and growth in developing countries, the Asia-Pacific region is expected to maintain its position during the forecast period.

Some of the world’s largest companies, such as Tesla, Inc. (NASDAQ: TSLA), The Boeing Company (NYSE: BA), and The Coca-Cola Company (NYSE: KO), rely heavily on plastic. Automotive, medical devices, electronics, aviation, construction, and packaging are some of the largest markets for plastics. Companies operating in these areas are expected to drive the growth of the global plastics market as they seek lightweight and cost-effective solutions.

Plastics Manufacturer: Our methodology

We have studied the market research reports and identified the major players operating in the plastics industry. We’ve narrowed the selection down to the companies with the highest revenue, the highest market capitalization, and the most employees. For public companies, we used market capitalization to quantify the size of each company and ranked our selected companies in ascending order of their market capitalization in US dollars. For private companies, we used their annual revenue to quantify their size. For companies that are listed on non-U.S. exchanges or have financial statements in their home currency, we converted their market capitalization and earnings from their home currency to U.S. dollars. Some of the companies on our list are pure plastic manufacturers, while others produce the materials and chemicals used to make plastic.

Plastics Manufacturer: The largest plastics companies in the world
15. Torey Industries, Inc. (OTC: TRI)

Market cap as of January 12: $9.10 billion.

Toray Industries, Inc. (OTC: TRYIY) manufactures and markets fibers, textiles, chemicals, carbon fiber composites, and environmental, engineering, and life sciences products worldwide. The company offers yarns, fabrics, nonwovens, resins, molded products, foam products, films, processed film products, synthetic fibers, chemicals, electronic materials, graphic materials, carbon fibers, molded products, pharmaceuticals, medical devices, engineering services, condominiums, industrial equipment, IT equipment, membranes, casing and building materials. Toray Industries, Inc. (OTC: TRYIY) was founded in 1926 and is headquartered in Tokyo, Japan. The company employs more than 48,000 people and is valued at $9.10 billion as of Jan. 12.

Some of the major companies that have brought and are expected to bring business into the global plastics industry include Tesla, Inc. (NASDAQ: TSLA), The Boeing Company (NYSE: BA),, and The Coca-Cola Company (NYSE: KO).

14. Evonik Industries AG (OTC: EVKIY)
Market cap as of January 12: $10.10 billion.

Evonik Industries AG (OTC: EVKIY) is a German company specializing in chemical production. The company provides various additives, surfactants, smart materials, high-performance materials, and infrastructure services. The company’s products are used in many industries such as automotive, construction, and consumer goods. Evonik Industries AG (OTC: EVKIY) operates in many regions, including Europe, Asia-Pacific, and the Americas. Evonik Industries AG (OTC: EVKIY) was founded in 1873 and employs approximately 34,000 people. Evonik Industries AG (OTC: EVKIY) is worth $10.10 billion as of January 12 and is one of the largest plastics companies in the world by market capitalization.

13. Eastman Chemical Company (NYSE:EMN)
Market cap as of January 12: $10.97 billion.

Plastics Manufacturer: Eastman Chemical Company (NYSE:EMN) is a US and international specialty materials company. The company operates through four segments: additives and functional products, advanced materials, chemical intermediates and fibers. The company’s Additives and Functional Products segment offers hydrocarbon and rosin resins, organic acid solutions, amine building blocks, soil fumigants, fungicides, plant regulators, specialty and commercial solvents, paint additives and specialty polymers. The Advanced Materials segment offers copolyesters, biopolymers, cellulose esters, PVB sheets, and window and security films. The company’s Chemical Intermediates segment supplies methylamines, higher amines, solvents, olefin derivatives and plasticizers. Finally, Eastman Chemical Company (NYSE: EMN) supplies cellulose acetate tow, triacetin, flakes, acetic acid and anhydride for filtration and filaments, as well as nonwovens, papers and cellulose fibers through its fiber segment. Eastman Chemical Company (NYSE:EMN) was founded in 1920 and is based in Tennessee. As of January 12, the company is valued at $10.97 billion.

12. Celanese Corporation (NYSE:CE)
Market cap as of January 12: $12.91 billion.

Celanese Corporation (NYSE:CE) is a materials and technology company that manufactures and markets engineering polymers in the United States and abroad. The company has three divisions: engineering materials, acetate tow and acetyl chain. The Engineered Materials division produces specialty polymers for automotive, medical, industrial and consumer electronics applications, as well as sweeteners and food protection ingredients. The Acetate Tow division produces acetate tows and flakes for filter products, and the Acetyl Chain division produces acetyl products and solvents used in dyes, paints, adhesives, coatings, pharmaceuticals, agricultural products and chemicals. Celanese Corporation (NYSE:CE) also produces emulsions based on vinyl acetate and ethylene vinyl acetate resins and compounds, as well as ultra-high molecular weight polyethylene. The company was founded in 1918 and is based in Irving, Texas.

Celanese Corporation (NYSE: CE) is one of the largest plastics companies in the world, valued at $12.91 billion as of January 12.

11. Formosa Plastics Corporation (TPE:1301)
Market cap as of January 12: $18.39 billion.

Plastics Manufacturer: Formosa Plastics Corporation (TPE: 1301) is a Taiwanese chemicals and plastics company founded in 1954. The company is one of the largest petrochemical companies in Taiwan and one of the largest producers of polyvinyl chloride (PVC) in the world. Formosa Plastics Corporation (TPE:1301) manufactures a wide range of products including hypochlorite, polyethylene, polypropylene, suspension PVC, specialty PVC and other plastic compounds.

Formosa Plastics Corporation (TPE:1301) is an important player in the global plastics market and one of the largest plastics companies in the world. As of January 12, the company’s market value was $18.39 billion.

10. INEOS Group Limited
Annual revenue (2021): US$20.38 billion.

Plastics Manufacturer: INEOS Group Limited is a multinational chemical company based in the UK. Based on revenue, it ranks among the largest privately held chemical companies in the world, with annual revenues of over $20 billion as of 2021. The company produces products ranging from basic chemicals such as chlorine and ethylene to advanced materials and specialty chemicals such as polyethylene. , styrene and performance chemicals. The company also produces chemicals for the automotive, construction, electronics and medical industries.

INEOS Group Limited is a world leader in the plastics industry with a presence in more than 25 countries. The company produces and sells various plastic products, including polyethylene, polypropylene, polystyrene and PVC, among others. The INEOS product portfolio is used in a variety of industries including packaging, construction, automotive and consumer products. The company has a strong position in the global plastics industry and is one of the leading producers of polyethylene and polypropylene.

9. LiondellBasel Industries N.V. (NYSE:LYB)
Market cap as of January 12: $30.2 billion.

Plastics Manufacturer: LyondellBasell Industries N.V. (NYSE: LYB) is a chemical company based in Houston, Texas, with operations in the United States, Germany, Mexico, Italy, Poland, France, Japan, China and the Netherlands. The company operates through 6 business segments: Olefins/Polyolefins – Americas, Olefins/Polyolefins – Europe/Asia/International, Intermediates/Derivatives, Advanced Polymer Solutions, Processing and Technologies. LyondellBasell Industries N.V. (NYSE: LYB) produces olefins, by-products, polyethylene, polypropylene, propylene oxide, oxygen fuels, intermediates, compounds/solutions, catalysts, and refines crude oil into gasoline and distillates. LyondellBasell Industries N.V. (NYSE: LYB) was founded in 2009 and has become one of the largest plastics companies in the world, with a market capitalization of $30 billion as of January 12.

8. Dupont de Nemours, Inc. (New York Stock Exchange: DD)
Market cap as of January 12: $37.21 billion.

Plastics Manufacturer: Dupont de Nemours, Inc. (NYSE:DD) is based in Wilmington, Delaware, and produces technology materials and solutions in the United States, Canada, Asia Pacific, Latin America, Europe, the Middle East and Africa. The company has three segments: Electronics & Industrial, Mobility & Materials, and Water & Defense. Electronics & Industrial sells semiconductor and circuit manufacturing materials, printed circuit boards, LEDs, metal finishing, displays and specialty silicones. Dupont de Nemours, Inc. (NYSE: DD) supplies engineering resins, silicones, films and pastes to the transportation, electronics, industrial and consumer markets through its Mobility and Materials segment. Water & Protection provides products and systems for worker safety, water treatment, energy, medical packaging and building materials. Dupont de Nemours, Inc. (NYSE: DD) is valued at $37.21 billion as of Jan. 12 and is one of the largest plastics companies in the world.

7. Dow Inc. (New York Stock Exchange: DOW)
Annual revenue in 2021: $40.51 billion.

Plastics Manufacturer: Dow Inc. (NYSE:DOW) is a materials science solutions provider in the United States, Canada, Europe, the Middle East, Africa, India, Asia Pacific and Latin America. It consists of three segments: packaging and specialty plastics, industrial intermediates and infrastructure, and performance materials and coatings. The company offers ethylene, propylene and aromatic products; polyethylene, polyolefin elastomers, ethylene vinyl acetate and ethylene propylene diene monomer rubbers in the packaging and specialty plastics segment. The company’s Industrial Intermediates and Infrastructure segment offers ethylene oxides, propylene oxides, propylene glycol and polyether polyols, aromatic isocyanates and polyurethane systems, coatings, adhesives, sealants, elastomers and composites. In addition, Dow Inc. (NYSE:DOW) offers architectural paints and coatings, industrial coatings, functional silicones and specialty materials, and silicone raw materials and intermediates through its Performance Materials & Coatings segment.

Dow Inc. (NYSE:DOW) was founded in 2018 and is based in Midland, Michigan. The company has quickly grown to become one of the largest plastics companies in the world and is valued at $40.5 billion as of Jan. 12.

The plastics industry has a strong impact on many lucrative end markets, led by giant companies such as Tesla, Inc. (NASDAQ:TSLA), The Boeing Company (NYSE:BA) and The Coca-Cola Company (NYSE:KO).

6. BASF SE (OTC: BASFY)
Market cap as of January 12: $51.69 billion.

Plastics Manufacturer: BASF SE (OTC: BASFY) is a global chemicals company operating through six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Food & Care, and Agricultural Solutions. The company supplies petrochemicals and intermediates, advanced materials and precursors, industrial ingredients and additives, chemical solutions and automotive OEMs, food and care ingredients, crop protection products and seeds, and battery solutions. Founded in 1865 and headquartered in Ludwigshafen am Rhein, Germany, BASF SE (OTC: BASFY) is one of the largest plastics companies in the world. As of January 12, the company’s market value exceeds $51 billion.

About the author

Official Street Blogger

A talented writer whose captivating stories explore the depths of human emotion and experience. With a unique blend of elegance and authenticity, TheStreetBlogger's work sparks conversations, challenges norms, and inspires empathy. Their dedication to storytelling illuminates the power of words to unite and uplift us all. TheStreetBlogger; "Where Streets Speak and Stories Unfold"

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.