Plastic has been ingrained in our daily lives. Today, it is used in practically every business that benefits humanity.
Wherever you go and whatever you see, plastic is ubiquitous. Automotive, consumer products, packaging, aerospace, pipes & fittings, electronics, electrical, footwear, and industrial uses are just a few examples.
Plastic can be glued, drilled, reformed, frozen, cut, twisted, bent, and melted. It can also be recycled. It is capable of withstanding a variety of circumstances in order to warp into desirable items. Having said that, sourcing plastic material is a difficult task in and of itself. As a result, I’ve compiled a list of the world’s top 12 Plastic Manufacturers Industry . Therefore, without further ado, let us begin the list.
What is the size of the Plastic Manufacturers Industry ? By 2027, the global largest plastic manufacturing country market is estimated to reach USD 754.3 billion and expand at a 3.5 percent compound annual growth rate throughout the forecast period. Dow Chemical Company, LyondellBasell, and ExxonMobil are the biggest plastic makers driving this rise. China, Germany, and the United States of America are the biggest exporters of top 12 plastic manufacturing countries in the world
Top 12 Plastic Manufacturers in Terms of Revenue
These are the following plastic manufacturing companies :
|Company name||Revenue (in USD)||Headquarters|
|Exxon Mobil||178.57 Billion||Irving, Texas|
|ENI||69.88 Billion||Rome, Italy|
London, England, UK
|Dow Chemical||38.5 Billion|
Riyadh, Saudi Arabia
|LG Chemical||25.6 Billion|
Seoul, South Korea
12 Plastic Manufacturers Industry in the World
Who is the world’s largest manufacturer of plastic? Dow is ranked first on our ranking of the world’s top ten plastic manufacturing businesses as of 2020. Dow Chemical Company is a chemical company headquartered in Midland, Michigan. Dow is a multinational corporation that makes Plastic Manufacturers Industry , chemicals, and agricultural products in more than 160 countries. Dow produced revenues of USD 60.278 billion in 2018, placing it first among the world’s top ten plastic manufacturing firms in terms of revenue.
LyondellBasell, the global public multinational chemical corporation, is ranked second on BizVibe’s list of the world’s largest plastic makers in 2020. The corporation is headquartered in Houston, Texas, with global operations headquartered in London, United Kingdom. It is the world’s largest licensee of polyethylene and polypropylene technologies. Additionally, ethylene, propylene, polyolefins, and oxyfuels are produced. LyondellBasell produced revenues of USD 34.484 billion last year, placing it atop the list of the world’s greatest plastic manufacturing corporations in terms of revenue and profit.
ExxonMobil, a global oil and gas firm headquartered in Irving, Texas, ranks third on the list of the world’s largest plastic manufacturing companies in 2020. ExxonMobil is one of the world’s largest firms, by revenue, outside of the plastic products industry. ExxonMobil Chemical is a petrochemical corporation formed by the combination of Exxon and Mobil’s chemical businesses. Its primary products include olefins and aromatics, ethylene glycol, polyethylene, and polypropylene, as well as speciality products such as elastomers, plasticizers, solvents, process fluids, oxo alcohols, and adhesive resins. ExxonMobil earned USD 279.3 billion in sales in 2018, the majority of which came from businesses other than plastic goods.
SABIC is a Saudi Plastic Manufacturers Industry with interests in petrochemicals, chemicals, industrial polymers, fertilisers, and metals. SABIC is the Middle East’s and Saudi Arabia’s second largest public enterprise. SABIC was the fourth-largest chemical manufacturer in the world in 2013. The company was created in 1976 and is based in Riyadh, Saudi Arabia. SABIC earned USD 39.8 billion in revenue in 2017, making it one of the world’s largest plastic manufacturing corporations by 2020.
INEOS is a privately held firm headquartered in London, United Kingdom. INEOS is a worldwide chemical firm structured into around 20 distinct business segments. INEOS is active in a variety of markets, including fuels and lubricants (23.3 percent), packaging and food (18.5 percent), and construction (16.1 percent ). INEOS generated revenue of USD 85 billion in 2019.
Lanxess is a German specialty chemicals firm headquartered in Cologne, Germany. It was created in 2004 following the separation of Bayer AG’s chemicals division and a portion of its polymers business. Lanxess reported revenue of USD 7.7 billion, placing it tenth on BizVibe’s list of the world’s top ten plastic manufacturing companies.
SABIC (Saudi Arabia Basic Industries Corporation) is a Saudi Arabian public petrochemical firm headquartered in Riyadh. Chemicals and intermediates, industrial polymers, fertilisers, and metals all include it. SABIC is the third largest producer of polyethylene in the world and the fourth largest producer of polypropylene and other polyolefins.
Ineos Group Limited is a Swiss multinational chemical corporation with its headquarters in Rolle. INspec Ethylene OxideSpecialties is an acronym for INspec Ethylene OxideSpecialties. The company manufactures plastics, resins, and intermediates for use in a wide variety of industries, including packaging, medicines, agrochemicals, textiles, consumer products, building and construction, and automotive and transportation. The company operates in 24 countries, has 171 locations, and employs more than 19,000 people. In 2018, the corporation generated approximately $60 billion in revenue.
BASF is a multinational chemical business located in Ludwigshafen, Germany. It was founded in 1865.
The company is a major provider of plastics and resins and has one of the most comprehensive plastics portfolios in the industry.
10. Eni S.p.A.
It is involved in the exploration, production, and refining of natural gas and oil, as well as being a major producer of plastics and rubber. The corporation is present in 73 countries and employs approximately 31,000 employees.
According to Forbes, ENI had a revenue of more than $89 billion in 2019.
11. LG Chemical
LG Chemical is the largest chemical firm in South Korea, with headquarters in Seoul. It is a global leader in the production of petrochemicals, polyolefins, polyvinyl chloride, polystyrene, synthetic rubbers, and specialty polymers. Additionally, the corporation is a significant producer of information technology and electrical materials, as well as batteries.
DuPont de Nemours, Inc., or DuPont, is an American multinational chemical firm formed through the merger of Dow Chemical and E I Du Pont De Nemours Company, as well as subsequent Dow Inc. and Corteva spinoffs. Dow Inc., which was formed as a result of the new corporate structure, also made our list. DuPont’s primary business lines are agri-products, material science, and speciality products.
That concludes my assessment of the top ten plastic makers. I calculated the revenue and market capitalization of each company using a variety of sources. Kindly leave a comment with your thoughts in the comment box.
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