CROW's Top 10 Plastics and Resins Producers
- Dow Chemical
Global sales: $49 billion
Dow is an American multinational chemical company headquartered in Midland, Michigan. Dow provides chemicals, plastics, and agricultural products and operates in approximately 35 countries. It has more than 6,000 product groups that are manufactured at 179 sites across the globe. Dow is the leading global supplier of every major polyethylene (PE) resin worldwide (2016) and the world's largest producer of chlorine and polyalkylene glycols. It was ranked as the world's largest plastics manufacturer during 2008. Dow's principal lines of business include agricultural sciences, consumer solutions, infrastructure solutions, performance materials & chemicals, and performance plastics. In 2015, the company had annual sales of nearly $49 billion and employed approximately 49,500 people worldwide.
- Lyondell Basell
Global sales: $34.7 billion
Lyondell Basell is one of the world's largest plastics, chemicals and refining companies incorporated in the Netherlands, and with U.S. operations headquartered in Houston, Texas, and global operations in London, UK. The company was formed in December 2007 by the acquisition of Lyondell Chemical Company by Basell Polyolefins for $12.7 billion. It provides chemicals, plastics, petrochemical products, diesel, and gasoline among many other products which are produced in 17 countries at 55 sites. LyondellBasell is the world’s largest producer of polypropylene resins and polypropylene compounds and one of the top worldwide producers of polyethylene. It is also a major producer of high-value specialty polymers and resins. In 2019, the company had annual sales of about $34.7 billion1 and employed approximately 19,400 people worldwide.
- Exxon Mobil
Global sales: $290 billion
Exxon Mobil Corp. (ExxonMobil) is an American multinational oil, gas and chemical company headquartered in Irving, Texas. It is a direct descendant of John D. Rockefeller's Standard Oil Company and was formed in 1999 by the merger of Exxon and Mobil (both formerly the Standard Oil Company). It is the world's 9th largest public company by revenue and was ranked no. 6 in sales and no. 17 in profit globally in Forbes Global 2016 list.2 ExxonMobil produces plastics, petrochemicals, diesel, and gasoline among many other products in all major countries of the world and explores for oil and natural gas in six continents. The company is one of the top worldwide producers of polyolefins and other polymers and resins. In 2016, the company had annual sales of nearly $290 billion2 and employed approximately 75,600 people worldwide.
Global sales: $35.4 billion
SABIC (Saudi Arabia Basic Industries Corporation) is a public petrochemical company founded in 1976 and based in Riyadh, Saudi Arabia. It is active in chemicals and intermediates, industrial polymers, fertilizers, and metals. SABIC is the world’s third-largest producer of polyethylene and the fourth-largest producer of polypropylene and polyolefins in general.3 The company operates in more than 40 countries across the world, has 60 manufacturing sites and employes over 40,000 people. According to Forbes, SABIC generated about $35 billion sales in 2017.3
Global sales: $60 billion
Ineos Group Limited is a multinational chemicals company headquartered in Rolle, Switzerland. Ineos is an acronym for INspec Ethylene OxideSpecialities. The company produces plastics, resins and intermediates for all major markets including packaging, pharmaceuticals, agrochemicals, textiles, consumer goods, building & construction, and automotive & transportation. The company operates in 24 countries across the world, has 171 sites and employes over 19,000 people. The company generated about $60 billion sales in 2018.4
Global sales: $65.4 billion
BASF is a German multinational chemical company founded in 1865 and headquartered in Ludwigshafen, Germany. The company is one of the largest plastics and resin supplier and has one of the most comprehensive plastics portfolios. It also provides a large number of chemicals, dyes, pharmaceutical ingredients and agricultural products. In 2019, BASF employed more than 117,000 people in over 200 countries with over 50,000 in Germany alone and 34,000 in the plastic and resin industry. The company generated sales of about US$ 65 billion in 2019.
Global sales: $89.4 billion
Eni S.p.A. (Ente Nazionale Idrocarburi) is an Italian multinational oil and gas company headquartered in Rome. It engages in the exploration, production, and refining of gas and oil, and is one of the major manufacturers of plastics and rubbers. The company operates in 73 countries across the world and employes over 31,000 people. According to Forbes, ENI generated more than $89 billion in sales in 2019.F1
- LG Chem
Global sales: $25.5 billion
LG Chemical, is the largest Korean chemical company, headquartered in Seoul, South Korea. It is a major manufacturer of petrochemicals, polyolefins, polyvinyl chloride, polystyrene, synthetic rubbers and specialty polymers. The company is also a major producer of IT & electronic materials, and batteries. In 2019, the company had annual sales of about $25.5 billionF2 and employed approximately 15,000 people worldwide.
- Chevron Phillips
Global sales: $158.9 billion
Chevron Phillips Chemical is a petrochemical company headquartered in Woodlands, Texas. The company is jointly owned by Chevron Corporation and Phillips and was formed in 2000 by merging the chemicals operations of both companies. It is a major producer of petrochemicals, polyolefins, and specialty chemicals. Chevron Phillips has approximately 5,000 employees working in 31 production and research facilities located in the United States, Singapore, South Korea, Saudi Arabia, Qatar and Belgium.5 The company generated about $160 billion in sales in 2018.
Global sales: $7.9 billion
Lanxess is a German specialty chemicals company based in Cologne, Germany. The company was founded in 2004 as a spin-off of the chemicals division and parts of the polymers segment of Bayer AG. The core business is the development, manufacturing and marketing of plastics, rubbers, intermediates and specialty chemicals. Through the joint venture with Saudi Aramco, Lanxess is also a leading supplier of synthetic rubber. The company created sales of EUR 7.9 billion in 2015 and has about 16,700 employees and 54 production sites worldwide in 29 countries.6
Lyondell Basell Corporate Financial News (2015) and 2018 Annual Report
ExxonMobil Annual Report 2018
SABIC Americas Official Site, Company Facts and Figures
INEOS Official Site, The World of Chemicals, INEOS at a Glance 2018
Chevron Phillips Official Site, Company Overview 2016 & Chevron 2018 Annual Report
Lanxess Official Site, Lanxess at a Glance, 2016