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IndustryNet Blog

Largest Plastics Manufacturers in the U.S.

Posted by IndustryNet on Thursday, August 15, 2019

100000423_plastic4 MIN. READ

Plastics are renowned for their light weight, high strength and ability to be formed into complex shapes.

Millions of products take advantage of these benefits making the plastics industry extremely profitable.

Related: These 4 Technologies Will Revolutionize Plastics Manufacturing

Plastic, Steel and growth

The plastic industry may seem unrelated to the steel industry at first glance, but a closer look shows that the two very different materials are closely connected.

For example, one of the most popular methods of creating plastic components is the injection-molding process that injects molten plastic into precisely shaped molds.

Because of the temperatures and pressures involved, the molds are constructed of copious amounts of steel. Thus, growth of the plastics industry can directly boost steel revenues.

There's no doubt that the plastics industry is growing. According to MNI, compiler of the industrial data that powers IndustryNet, average sales are more than $757 billion, up 3% from the same period in 2018.

Industry employment is also up, to 458,632 jobs spread across 8,455 companies.

Innovation in Mitigation

Plastics are so popular, they've become a victim of their own success because their usefulness and durability becomes a problem when disposing of them.

Researchers estimate that more than 9 billion tons of plastic have been produced since the 1950s. Of that total, only 9% had been recycled as of 2015, illustrating the challenge in plastic waste-management.

To counteract that lack, companies recently renewed research into using plant or food-based polymers, commonly known as bioplastics.

In other research, living organisms are being studied to see if they can safely break down oil-based plastics.Wax worms can eat polymers at a slow, but steady pace.

It takes 100 worms about a month to consume a single-use polyethylene plastic shopping bag. The byproduct they leave behind is ethlyne glycol, essentially the same substance used in automotive antifreeze.

Power from Plasticplasticinjectionmolding

On a different note, plastic can be used to create energy. Organic solar cells use carbon-based materials to produce electricity from sunlight.

The cells are less expensive to construct and don't use toxic substances in their design, as silicon-based cells do. Because of their flexibility and ruggedness, they can be used in hundreds of applications.

Largest Plastics Manufacturers in the U.S.

To illustrate the industry's massive size, we profile the nine largest plastics companies, ranked by number of employees.

COMPANYEMPLOYEES ON SITECITYSTATE
Rev-A-Shelf, LLC2,000LouisvilleKY
Elwyn, Inc.1,800ElwynPA
Formosa Plastics Corp., Texas1,800Point ComfortTX
Faurecia Interior Systems, Inc.1,600SalineMI
First Data Corp.1,500AtlantaGA
Silver Line Building Products, LLC1,400North BrunswickNJ
Atrium Windows & Doors, Inc.1,300WelcomeNC
Sealed Air Corp. (US)1,200CharlotteNC
Fedex Supply Chain1,200Fort WorthTX

About the Largest Plastics Manufacturers

1. Rev-A-Shelf, LLC

Location: Lousiville, KY
Employees on site: 2,000

A market leader in cabinet organization, the company produces kitchen-drawer organizers, lazy Susans, functional waste containers, childproof locking mechanisms and LED lighting systems.

2. Elwyn, Inc.
Location: Elwyn, PA
Employees on site: 1,800

Adding value to medical products such as FDA-approved field-dressing and bandages, the Elwyn Industries Product Group division of Elwyn is the contract services portion of the Elwyn, Inc., non-profit group.

3. Formosa Plastics Corp., Texas
Location: Point Comfort, TX
Employees on site: 1,800

Plastic resin and petrochemical distribution have helped Formosa reach more than $5 billion in annual revenues. It offers a complete line of polyvinyl chloride, polyethylene and polypropylene resins.

4. Faurecia Interior Systems, Inc.
Location: Saline, MI
Employees on site: 1,600

Faurecia makes plastic and vinyl interior components such as door trims, floor consoles, dashboards and instrument panels for the transportation and automotive industry.

5. First Data Corp.
Location: Atlanta, GA
Employees on site: 1,500

As a merchant service provider, First Data creates thousands of credit cards and payment-gateway devices for business owners and merchants worldwide.

6. Silver Line Building Products, LLC
Location: North Brunswick, NJ
Employees on site: 1,400

Silver Line produces custom windows and doors for new and existing homes, and a line of windows and doors resistant to high-speed debris, required in hurricane-prone regions.

7. Atrium Windows & Doors, Inc.
Location: Welcome, NC
Eployees on site: 1,300

Founded in 1946, Atrium produces vinyl windows and patio doors.

8. Sealed Air Corp. (US)
Location: Charlotte, NC
Employees on site: 1,200

An attempt to use thin sheets of plastic enclosing air bubbles as a type of wall covering didn't work out the way Sealed Air intended back in 1957.

The material found a far better use as bubble wrap, the ubiquitous packaging material. The company continues the tradition of innovation in packaging material and product protection to this day.

9. Fedex Supply Chain
Location: Fort Worth, TX
Employees on site: 1,200

When GENCO was acquired by FedEx in 2015, FedEx Supply Chain was born. With a history of groundbreaking logistics and reverse logistics processes, the company also provides contract kitting and packaging of electronic components.

For More Information

IndustryNet keeps you abreast of developments and trends in the plastics industry. The free resource provides detailed information on 400,000 manufacturers in every industry.

Providers can improve their visibility with our marketing solutions, while industrial buyers can get several quotes at the same time. If you want to find the right customer or the right manufacturer, visit IndustryNet today.


Article Sources:

https://www.bbc.com/news/business-42973529

https://news.energysage.com/organic-solar-cells-what-you-need-to-know/

https://www.cnbc.com/2017/07/19/the-world-has-made-more-than-9-billion-tons-of-plastic-says-new-study.html

https://www.shiniusa.com/2019/06/28/innovations-happening-in-the-plastics-industry-right-now/

https://www.greenbiz.com/article/5-innovations-could-end-plastic-waste

https://www.nationalgeographic.com/news/2017/04/wax-worms-eat-plastic-polyethylene-trash-pollution-cleanup/

 

 

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