Top 10 Biggest Plastic Manufacturing Companies In The US
We are all aware that plastic is ubiquitous. In the United States, there are approximately 90,000 different types of plastic grades available. Film, recycled, rapid prototyping, adhesives, and, of course, thermosets and thermoplastics are all types of plastics. Because of the versatility of plastic material, the list is unlikely to end anytime soon. Plastic is becoming increasingly dominant in the American market and is an essential item in every household. It replaces fragile glassware, toxic plastic bags, is lightweight and inexpensive, and is widely used. But do you know anything about the companies that manufacture those plastic items?
Today we will discuss Top 10 Biggest Plastic Manufacturers In The US Today. Before getting to the main topic, let’s discover some statistics about US plastic industry.
The United States has over 16,000 plastic manufacturing facilities. The plastics industry in the United States is the third-largest manufacturing sector in the country. It employs over 1.4 million people (1 million at manufacturing sites and another 400,000 or so at suppliers).
• 38% distribute their products internationally
• 17% import raw materials to make their products
• 7% are publicly-owned.
• 2% are women-owned
• 38% operate in the Midwest
KnowInsiders.com will show you the Top 10 Largest Plastic Manufacturing Companies in the United States.
Headquarters: Irving, Texas, U.S.
Total Asset Value: USD 346.2 billion
Revenue: USD 279.3 billion
Number of Employees: 71,000
Exxon Mobil is the world’s largest producer of plastics in terms of revenue and market capitalization. The company, headquartered in Irving, Texas, is a successor to John D Rockefeller’s standard oil company and was formed by the merger of two oil giants (Exxon and Mobil), both of which were previously part of the standard oil company.
It dominates the American oil and gas industry and is a market leader in oil refining and marketing. It also produces the most polyolefins, additives, raw materials, compounds, and other related polymers and resins in the world.
Location: Evansville, IN
Employees on site: 2,000
Head Office: Evansville, IN
Market Cap: 9.22 Billion
The company’s headquarters are in Evansville, Indiana, and it employs 48000 people worldwide in 290 manufacturing facilities. Its primary focus is on packaging solutions. In April 2017, it was the sixth largest company headquartered in Indiana.
The business is divided into three divisions: (1) Health, Hygiene, and Specialties; (2) Consumer Packaging; and (3) Engineered Materials.
Head Office: Kingsport, Tennessee.
Market Cap: 16.90 Billion
Eastman, founded in 1920, is a global specialty materials company that manufactures a wide range of products found in everyday items. Eastman collaborates with customers to deliver innovative products and solutions that improve physical well-being while adhering to safety and sustainability standards. To maintain its position at the forefront of industries, the company’s innovation-driven growth model leverages world-class technology platforms, deep customer engagement, and differentiated application development. Attractive end markets include transportation, construction, and consumer goods.
READ MORE: Top 10 Leading Frozen Food Companies In The US Today
4. PolyOne Corporation
Location: Avon Lake, USA
Market cap: $78.24 Million as of July 2023
PolyOne Corporation is a multinational corporation that specializes in polymer materials and services. It’s found in thermoplastic compounds, specialty polymer formulations, thermoplastic resin distribution, color and additive systems, and vinyl resins.
PolyOne Corporation is a fiberglass fabricator that offers high-quality fiberglass products and composite structures to industries. Electrical, corrosion, recreation, and energy are just a few of the applications for PolyOne’s fiberglass fabrication. Some examples include fiberglass road markers, as well as fiberglass insulators and brackets.
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Head Office: Midland, MI
Market Cap: 44.38 Billion
DuPont de Nemours and Company, also known as DuPont, is an American multinational chemical corporation formed by the merger of Dow Chemical and E I Du Pont De Nemours Company, as well as the subsequent spinoffs of Dow Inc. and Corteva. It manufactures a diverse range of chemicals and compounds for a variety of industries, including plastic materials and additives. DuPont’s most important business verticals are material science, agri-products, and specialty products.
Headquarters: 12655 N 1st St, Greenwood, Delaware, 19950, United States
New Process Fibre Company, Inc. is a custom manufacturing company that provides extruded thermoplastics, non-metallic stampings, tools, and dies to industries such as construction, defense, furniture, automotive, plumbing, OEM, and electronics. It also offers extrusion, tooling, and heat treatment services. Greenwood, Delaware-based company founded in 1927.
Head Office: San Ramon, CA
Headquarters: Charlotte, U.S
Revenue: USD 91.24 billion
Number of Employees: 204,489
Chevron Corporation (abbreviated Chevron) is a multinational corporation based in San Ramon, California that operates in over 180 countries. Chevron’s activities include the exploration, production, and delivery of crude oil and natural gas, as well as the refining, marketing, and distribution of natural products for transportation and other products. In addition, the company manufactures and trades a wide range of petrochemical, power, and energy generation products, as well as providing energy-saving solutions.
Location: 705 Pennsylvania Ave S, Golden Valley, Minneapolis
Revenue: $14.8 Million
Liberty Plastics is a custom manufacturing company that provides corrugated plastic products to the automotive, military, construction, electronics, postal service, medical, and transportation industries, among others. Its product categories include anti-UV, anti-static, corona treatment, and flame retardant. The company was founded in 1985 and has its headquarters in Minneapolis, Minnesota.
Location: Point Comfort, TX
Employees on site: 1,800
Market cap: Formosa Plastics Corp
Plastic resin and petrochemical distribution have contributed to Formosa’s annual revenue of more than $5 billion. It supplies a full range of polyvinyl chloride, polyethylene, and polypropylene resins.
Location: 94 Dries Rd, Reading, PA
Reading Plastic & Metal Advanced Machining is a custom manufacturing firm that specializes in CNC machining of engineered plastics and non-ferrous metals. CNC routing, CNC turning, CNC milling, CNC sawing, die cutting, fabrication, and assembly are among its services. The company was founded in 1951 and has its headquarters in Reading, Pennsylvania.
That was all we had to say about the Top 10 Plastic Manufacturers in the United States. These brands were instrumental in turning the American plastic processing industry into a global phenomenon. The recent increase in interest in sourcing activities in America indicates a quick economic recovery and regaining lost market share in the global plastic manufacturing industry.
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