Injection molded plastics is a manufacturing process which is used for the production of various plastic products by using injecting molten material. Thermoplastic and thermosetting plastic is used for the production of plastic products like automotive parts, electronic appliances.
In 2021 the global Injection Molded Plastics Market was estimated to be valued at US$ 284.70 Million in terms of revenue, and is exhibiting a CAGR of 5.8% during the years (2022-2030)
Key Competitors in the Injection Molded Plastics Industry:
1) DOW Chemicals.
DOW Chemical Company is a multinational corporation known for its products like Chemicals, Plastics, Performance chemicals and Hydrocarbon exploration. The company in one of the three largest chemical producers in the world. DOW was founded in the year 1897 and the headquarters are located in Midland, Michigan, U.S. The company was founded by Herbert Henry DOW.
In February 2023, DOW had been named as a Top 100 Global Innovators for the 12th consecutive year by Clarivate. In March 2023 the company introduced a New FINGERPRINT grade for the Microirrigation Market.
2) Huntsman Corporation
Huntsman Corporation is a multinational manufacturer and marketer of chemical products for industrial customers. The company manufactures polyurethanes, performance products and adhesives. The company was founded in the year 1970, and the headquarters are located in the Woodlands, Texas, U.S. the company was founded by John Huntsman, Sr.
3) INEOS Group limited.
INEOS Group Limited is a multinational chemicals company. It is the fourth largest company in the world. INEOS manufactures and sells a variety of petrochemicals, specialty chemicals, petrochemicals and oil products. The company was founded in the year 1998 and the headquarters are located in London, England, Lyndhurst, England, Raleigh, North Carolina. The company was founded by Sir Jim Ratcliffe.
In February 2023, INEOS completed a major acquisition of a portion of Chesapeake Energy’s oil and gas assets, for US$ 1.4 Billion. This deal marks their entry as operator in the US onshore oil and gas market.
4) Saudi Basic Industries Corporation
SABIC is a chemical manufacturing company. It is the second largest public company in Saudi Arabia according to Tadawul. Products manufactured include Chemicals and intermediates, industrial polymers, and metals. The company was founded in the year 1976, and the headquarters are located in Riyadh, Saudi Arabia.
In February 2023, SABIC announced its plans of launching LNP CRX polycarbonate (PC) copolymer resins that can help in improving, Medical device durability & sustainability.
5) Exxon Mobil
ExxonMobil Corporation is a multinational oil and gas corporation that manufactures products like Crude oil, oil products, natural gas, and power generation. The company was founded in the year 1999 by the merger of Exxon and Mobil and the headquarters are located in spring, Texas, U.S. The company is one of the world’s largest companies by revenue. In December 2021, ExxonMobil completed the acquisition of Materia, Inc. which is a high-performance structural polymers company.
6) DuPont de Nemours, Inc.
DuPont is a multinational chemical company that has, over the years developed many polymers like Vespel, Nylon, Teflon, Mylar, Kevlar etc. DuPont played a major role in the development of Delaware. The company was founded in the year 2017, and the headquarters are located in Wilmington, Delaware, USA. The company was founded by Eleuthere Irenee du Pont.
In November 202, DuPont completed the acquisition of Rogers Corporation, a global company in engineered materials.
