Discover the Top 10 PVC Industry Giants Globally: A Comprehensive List

PVC manufacturers and suppliers can be found worldwide as PVC material is utilized everywhere for various applications. The main use, however, is pipes & fittings, comprising 60% of PVC consumption. Most large PVC manufacturers and suppliers hail from the United States or East Asia.

So, without further ado, let’s begin with our list:

Top PVC Manufacturers and Suppliers 

Top 10 PVC Manufacturers in the World by Revenue

Company NameHeadquartersRevenue (USD)Year Founded
ChemChinaHaidian District, Beijing, China46.5 Billion1984
Formosa Plastics CorporationKaohsiung City, Taiwan36.09 Billion1954
DupontMidland, Michigan, United States21.57 Billion1802
LG Chem LtdSeoul, South Korea20.04 BIllion1947
Shin-Etsu Chemical Co., Ltd.Tokyo, Japan14.2 BIllion1926
Westlake Chemical CorporationHouston, Texas, United States8.63 Billion1986
AxiallAtlanta, Georgia, United States8.6 Billion1985
OrbiaMexico City, Mexico6.4 Billion1953
Celanese CorporationIrving, Texas, United States6.29 Billion1918
PolyOne CorporationAvon Lake, Ohio, United States3.24 Billion2000

Top 10 PVC Manufacturers in the World by Market Capitalization

Company NameHeadquartersMarket Capitalization (USD)CEO/MD
Formosa Plastics CorporationKaohsiung City, Taiwan751.157 BillionJason Lin
DuPontMidland, Michigan, United States368 BillionEdward D. Breen
Shin-Etsu Chemical Co., Ltd.Tokyo, Japan69.26 BIllionYasuhiko Saitoh
ChemChinaHaidian District, Beijing, China64.1 BIllionRen Jianxin
LG Chem LtdSeoul, South Korea52.57 BillionHak Cheol Shin
Celanese CorporationIrving, Texas, United States17.65 BillionLori J. Ryerkerk
Westlake Chemical CorporationHouston, Texas, United States12.619 BillionAlbert Chao
OrbiaMexico City, Mexico4.763 BIllionSameer S. Bharadwaj
Mitusbishi CorporationTokyo, Japan46.23 BIllionTakehiko Kakiuchi
Chang Chun Petrochemical Co., LtdMiaoli City, Taiwan1.933 BIllion


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Top 10 PVC Suppliers in Terms of Production Volume

Company NamePVC Production Capacity (kt)
Shin-Etsu Chemical Co., Ltd.3850
Formosa Plastics Corp.3300
Inovyn ChlorVinyls Limited2500
ChemChina1950
Orbia1800
Westlake Chemical Corporation1800
OxyVinyls (Occidental Corp.)1700
CNSG Anhui Hong Sifang Co., Ltd.1500
LG Chem1500
Axiall1200

Summaries of Companies

  • Formosa Plastics Corporation
  • DuPont
  • Shin-Etsu Chemical Co., Ltd.
  • ChemChina
  • LG Chem Ltd
  • Celanese Corporation
  • Westlake Chemical Corporation
  • Orbia
  • Mitsubishi Corporation
  • Chang Chun Petrochemical Co., Ltd

Formosa Plastics Corporation

Formosa, a prominent Taiwanese plastics company, is widely recognized for its production and provision of PVC resins and various other intermediate plastic products such as pipes. Established in 1954 by Wang Yung-ching and Wang Yung-Tsai, the company’s initial funding came from a US$798,000 loan provided by United States aid agencies.

Their inaugural PVC facility was set up in Kaoshuing, with operations commencing in 1957. By 2005, Formosa had emerged as the foremost PVC producer in Taiwan.

With an extensive array of subsidiaries both within Taiwan and internationally, FPS has an impactful global presence.

In the United States, their subsidiary, Formosa Plastics Corporation, USA, established in 1978, further expanded its reach by founding four fully-owned chemical manufacturing subsidiaries situated in Delaware City, Delaware; Illiopolis, Illinois; Baton Rouge, Louisiana; and Point Comfort, Texas.

The business’s registered address is located at No. 100號, Shuiguan Rd, Renwu District, Kaohsiung City, Taiwan 814.

DuPont

DuPont, which started way back in 1802 thanks to French-American chemist Éleuthère Irénée du Pont, really made waves when it joined forces with Dow Chemical in 2017.

The merger of these two chemical powerhouses created the biggest chemical company globally by revenue then.

After the merger, they even spun off a couple of new companies, Dow Inc. and Corteva.

This company doesn’t just stick to one thing – they’re all about variety. They deal in PVC, but not just the basic stuff. We’re talking elastomers, fibers, polymers, and some seriously high-performance materials.

And their customer base? It’s as varied as their products.

They’re supplying to sectors like automotive, construction, aerospace, healthcare, energy, and even government agencies.

But DuPont isn’t just sitting on their laurels. They’re pouring a big chunk of their revenue into science and innovation. They’re all about creating sustainable products and services.

And get this – they’re diving headfirst into emerging tech like artificial intelligence, machine learning, advanced packaging, and big data. They’re really pushing the boundaries on what can be done in their field.

Business Address 974 Centre Rd Wilmington, DE 19805.

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Shin-Etsu Chemical Co., Ltd.

Shin-Etsu Chemical, stationed in Tokyo, Japan, is the largest chemical company in Japan. It also has the largest global market share for products like PVC, photomask substrates, and semiconductor silicon.

Shin-Etsu has divided its business into three different verticals:-

  1. Organic and inorganic materials: These include PVC, silicones, silicon metals, caustic soda, methanol, ovals, and cellulose derivatives
  2. Electronic Materials: It includes semiconductor silicon, photoresist products, and rare earth magnets for the electronics industry.
  3. Functional Materials: Synthetic quartz, rare earth, and rare-earth magnets for general use.

“Shin-Etsu” in the company name is derived from Shin’etsu Region, where the company established its first chemical plant as Shin-Etsu Nitrogen Fertilizer in 1926.

From its humble beginnings about 8 decades ago, the company has grown exponentially, with lavishing headquarters in Tokyo and 14 manufacturing locations worldwide.

Business address – 6-1, Ohtemachi 2-chome, Chiyoda-ku, Tokyo 100-0004.

ChemChina

ChemChina, short for China National Chemical Corporation, is this massive state-owned enterprise in China that’s all about chemicals. They’re big into stuff like agrochemicals, rubber, specialty chemicals and even get into petrochemical processing and industrial equipment.

So, this company has quite a story. It began as a humble solvent company called Bluestar in 1984, starting with just a modest loan of 10,000 Yuan. But they didn’t stay small for long.

ChemChina went on a sort of shopping spree, scooping up over 100 chemical factories in China that were struggling financially.

The real game-changer was Ren Jianxin, the founder of ChemChina. He brought in some top-notch professional management, and boy, did they turn things around. They streamlined these factories, cutting the fat and boosting profits.

Over time, ChemChina was shaped into one of China’s most dynamic and go-getter state-owned companies.

Business Address – China, Beijing Shi, Haidian Qu, N 4th Ring Rd W, 68

LG Chem Ltd

LG Chem is the largest chemical and PVC manufacturing company in South Korea, headquartered in their capital city Seoul. Their PVC products are offered in straight, paste, and resin forms. They are utilized in making pipe, synthetic leather, wire sheath, and wire sheath.

The company owns and operates 8 factories in South Korea and a network of 29 business locations in 15 countries. The network includes 14 overseas manufacturing subsidiaries, seven representative offices, five marketing subsidiaries, two R & D centers, and one holding company in China.

Business Address – Seoul, Yeongdeungpo-gu, Yeoeuido-dong, Yeoui-daero, 128 LG.

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Celanese Corporation

Celanese, formerly Hoechst Celanese, is a Fortune 500 global technology specialty chemicals company headquartered in Irving, Texas, United States. It offers PVC resin and other plastic products to industries like Automotive, healthcare, Energy, Construction, electronics, food & beverages, and other sectors worldwide.

Celanese company is also the world’s leading producer of acetic acid, representing almost a quarter of total production. The company boasts 25 production plants and six research centers in 11 countries, mainly North America.

The salient products include

  • Intermediate Chemistry
  • Cellulose Derivatives
  • Emulsion Polymers
  • Food Ingredients
  • Engineering Materials
  • EVA Polymers

Business Address – 222 West Las Colinas Boulevard #900n, Irving, TX 75039, USA

Westlake Chemical Corporation

Westlake is a Houston, Texas, headquartered internationally known chemical company specializing in manufacturing petrochemicals, fabricated building products, and polymers. Its PVC resins are used in pipes, fittings, films, and building materials.

Westlake was founded in 1986 by T.T Chao, a pioneer in the global petrochemical industry, by purchasing a polyethylene plant in Lake Charles, Louisiana. Chao’s three decades of experience came in handy for Westlake as it grew rapidly by acquiring more companies, expanding existing facilities, and constructing new manufacturing plants.

Westlake’s PVC resin is utilized in siding, sewer, residential, and industrial applications.

Business Address – 2801 Post Oak Blvd, Houston, TX 77056, USA

Orbia

Orbia, formerly known as Mexichem, is a Mexican global provider of specialty products and innovative methodologies. It operates in 60 countries and makes polyvinyl chloride for coating, construction, water treatment, automotive, electric cable, household, consumer products, and medical applications.

Orbia consists of five business divisions – Building & Infrastructure, Precision Agriculture, fluorinated solutions, Polymer solutions, and data communication centers.

Business Address – Av.Paseo de la Reforma,Col. Cuauhtémoc, Mexico City, Mexico

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Mitsubishi Corporation

Mitsubishi Corporation are one of the largest conglomerates in Japan, with more than 86,000 employees and business ventures in energy, chemicals, machinery, food, and finance. The chemicals business’s main products include PVC, fertilizers, fertilizer products, olefins, polyolefins, polyester raw materials, plastics, urethane raw materials, paint/coating materials, industrial salt, and caustic soda.

Business Address – 1 Chome-1-1 Marunouchi, Chiyoda City, Tokyo 100-0005, Japan.

Chang Chun Petrochemical Co., Ltd

Chang Chun petrochemical has a fascinating history behind its establishment and the abysmal success that it has witnessed in the following years. During the post-world war recuperation of Taiwan in 1949, Messrs Liao Ming-Kun, Lin Shu-Hong, and Tseng Shin-Yi were recent graduates of Taipei Industrial College. They started a business together by taking a loan of NT$500. It was Chun Plastics Factory.

Besides Taiwan, Chan Chun has production bases in China, Singapore, Indonesia, and Malaysia, manufacturing over a hundred products covering chemicals, thermosetting plastics, electronics materials, high-performance engineering plastics, and semiconductors.

Business Address – Taiwan, Miaoli County, Miaoli City, 文山245號360.

FAQs 

Below are the frequently asked questions to get into the depth of top PVC companies and their anatomy

Which country is the largest PVC producer in the world?

China is the world’s largest PVC producer and consumer, with more than 20 million tons of PVC production every year.

What is PVC made from?

The raw materials of PVC are salt and oil. Chlorine is manufactured by electrolysis of salt (That’s the reason why the initial PVC manufacturing plants were located near natural salt reserves). The chlorine is then combined with ethylene that has been obtained from oil. The resulting element is ethylene dichloride which is converted into vinyl chloride moner using high elevated temperatures. These monomer molecules are polymerized, creating polyvinyl chloride resin.

What are the advantages of PVC?

Below are the advantages of PVC:

  1. Readily available and very inexpensive
  2. Fanstatic tensile strength
  3. Outstanding resistance to chemicals and alkalis.
  4. Very hard and dense and thus withstands deformation relative to other plastics

What are the disadvantages of PVC?

Although PVC’s advantages far outshine its disadvantages, however, there are a couple of cons we should know while working with PVC:

  1. Poor heat stability
  2. Emits toxic fumes when subjected to fire or melted.

What is the lifespan of an average PVC pipe?

The lifespan of an average PVC pipe is 50 -75 years.

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The Conclusion 

In conclusion, the world’s largest PVC manufacturers wield significant influence over global markets, setting the pace for technological advancements, sustainability practices, and pricing structures. Companies from Asia, particularly China, have become dominant players due to their scalability and cost-efficiency.

Their rise has implications for supply chain dynamics, regional economic clout, and the ongoing global shift toward sustainable alternatives. Understanding these key players is essential for anyone involved in the plastics industry, from policymakers to investors.

Thanks for reading. Kindly share your thoughts and reviews in the comment section.

Have a fantastic day.

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