
Plastics Technologies Inc. Announces Changes to Support Package Development
Author:gly Date: 2024-09-30
A project of the Science, Health and Environmental Reporting Program in the Arthur L. Carter Journalism Institute at New York University. Theme by Garrett Gardner.
Favorable demand trends for plastic products from lucrative end-markets such as consumer electronics, construction, and automotive are expected to drive this growth. The use of plastics as a substitute for metal is another prominent growth driver. Moreover, increased construction activities in emerging markets, such as India and China, is driving the growth of the plastic manufacturing industry.
BASF SE (OTC:BASFY) is a global chemical company with six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, and Agricultural Solutions. The company provides petrochemicals & intermediates, advanced materials & their precursors, ingredients & additives for industrial applications, chemical solutions & automotive OEM, nutrition & care ingredients, crop protection products & seeds, and battery materials solutions. Founded in 1865 and headquartered in Ludwigshafen am Rhein, Germany, BASF SE (OTC:BASFY) is one of the largest plastic manufacturing companies in the world. As of January 12, the company is worth over $51 billion on the open market.
LyondellBasell Industries N.V. (NYSE:LYB) is a chemical company based in Houston, Texas, that operates in the U.S., Germany, Mexico, Italy, Poland, France, Japan, China, and the Netherlands. The company operates 6 business segments: Olefins/Polyolefins-Americas, Olefins/Polyolefins-Europe/Asia/International, Intermediates/Derivatives, Advanced Polymer Solutions, Refining, and Technology. LyondellBasell Industries N.V. (NYSE:LYB) produces olefins, co-products, polyethylene, polypropylene, propylene oxide, oxyfuels, intermediates, compounds/solutions, catalysts, and also refines crude oil into gasoline and distillates. LyondellBasell Industries N.V. (NYSE:LYB) was founded in 2009 and has grown to become one of the largest plastic manufacturing companies in the world with a market cap of $30 billion, as of January 12.
Curious to know how much Crocs are contributing to the microplastics horror – can the plastic be absorbed via the skin while walking, running? Are microplastics being created on the ground with every step, then washed into waterways? I do not have the answers, just asking the questions!
It’s weirdly difficult to find a straight answer online. Some articles call them rubber, others foam or resin. Many insist that they’re not plastic.
Ridiculous how people cant get onboard with this as not a priority – but essential. The writing is on the wall, everything has to change. Our materials need to essentially be biodegradable or beaches, forests everywhere on earth will be covered in crap that doesn’t break down.
Crocs isn’t the only shoe brand that relies on PEVA for its comfortable soles. Before the advent of PEVA in the late 1970s and early 1980s, shoe soles were rigid and unforgiving, Hickner explains. “They had almost no cushioning,” he says. “It was really rough.” But the new, lightweight polymer provided just the right amount of give and became massively popular in the shoe industry, he says. Crocs’ innovation, decades later, was to make an entire shoe out of the material.
Toray Industries, Inc. (OTC:TRYIY) produces and sells fibers, textiles, performance chemicals, carbon fiber composite materials, environmental and engineering products, and life science products worldwide. The company offers yarns, fabrics, non-woven fabrics, resins, molded products, foam products, films, processed film products, synthetic fibers, chemicals, electronic materials, graphic materials, carbon fibers, molded products, pharmaceuticals, medical devices, engineering services, condominiums, industrial equipment, IT-related equipment, membranes, housing materials, and building materials. Toray Industries, Inc. (OTC:TRYIY) was founded in 1926 and is based in Tokyo, Japan. The company employs over 48,000 individuals and is worth $9.10 billion, as of January 12.
The new bio-based material, called Ecolibrium, was pioneered by Dow Chemical Company and will be made from “plant-based raw materials such as crude tall oil (CTO) instead of fossil-based raw materials,” a spokesperson for Dow said over email. Tall oil is a byproduct of the wood pulping process used to make paper and its name comes from the Swedish word for pine tree. The company is also evaluating other plant-based options, according to their spokesperson.
I absolutely love my Crocs. I have seven pairs and can’t seam to get enough. They are comfortable and you can even wear socks with them. Thinking about getting the American flag pair next.
Crocs also plans to use other techniques to cut down on carbon emissions, like switching to renewable energy sources, but that switch won’t come until the latter half of the decade, according to their 2021 report. Until then, offsetting some fossil fuel-based plastic with a renewable alternative will account for most of the reduction in emissions.
“Any bio-based options Dow considers, has to be extracted as a waste residue or be a by-product from a production process,” they wrote.
By product type, Polyethylene held the dominant market share of the global plastic market in 2021, and accounted for over 25% of global revenue. Polyethylene is widely used in packaging materials such as containers and bags. Acrylonitrile butadiene styrene, or ABS, is another popular plastic product that is primarily used in consumer goods and electronics.
In 2021, the APAC region held the largest revenue share of the global plastic market and accounted for 44% of global revenue. With rapid urbanization and the growth of emerging economies, the APAC region is expected to retain its position through the forecasted period.
Love your crocs, but some are too pricey to purchase. Pls could you send me a pair of your latest ones, size 5. I’ve had my last pair for many years now. Live what yourl are doing in consideration of the environment well.
“I think Crocs’ special magic is the process,” Hickner says. Unfortunately, Crocs doesn’t disclose much about how Crocs are manufactured, but patent documents and videos from the company indicate that they use a common technique called injection molding, the process responsible for plastic silverware and Legos. Like a hot glue gun, an injection molding machine takes in solid plastic, melts it, and pipes it out the other end. The molten plastic enters a mold, where it cools before emerging in its new shape.
I just hope there going to be as good as the ones out now because of the softness of them seems to be the only thing I can wear to work because of my arthritis and whatever else is going on with my foot I’ve tried alot of orthotic stuff for foot pain etc …nothing helps but these I can’t wear shoes or I haven’t found any as of yet that work for me they are to hard on the ball of my foot everytime I step I get electric shocks or that’s what it feels like anyway it’s like something is there that shouldn’t be ….I just hope they will be soft like the others so I can keep on working
I need to know who is the biggest manufacturer of these shoes we do the decorations on them and we sell over 1000 pairs every month now we short of supply
On the most basic level, Crocs are made of Croslite, a proprietary material. Dig a little deeper and you’ll find that Croslite is primarily composed of polyethylene vinyl acetate, or PEVA. This material, sometimes just called EVA, belongs to a class of compounds called polymers — large molecules that are made of smaller, repeating molecules joined together. Its chemical components come from fossil fuels.
Celanese Corporation (NYSE:CE) is a technology and specialty materials company that produces and sells engineered polymers in the U.S. and internationally. The company has three divisions: Engineered Materials, Acetate Tow, and Acetyl Chain. The Engineered Materials division produces specialty polymers for auto, medical, industrial, and consumer electronics, as well as sweeteners and food protection ingredients. The Acetate Tow division produces acetate tows and flakes for filter products, and the Acetyl Chain division manufactures acetyl products and solvents used for colorants, paints, adhesives, coatings, pharmaceuticals, agricultural products, and chemicals. Celanese Corporation (NYSE:CE) also produces vinyl acetate-based emulsions and ethylene vinyl acetate resins and compounds, as well as ultra-high molecular weight polyethylene. The company was founded in 1918 and is based in Irving, Texas.
Crocs also claims to have saved over 250,000 pairs from landfills in the last five years through its donation program. This number, however, accounts for unsold pairs that the company is donating instead of throwing out themselves, a program that does provide shoes for people in need. Yet, despite its push toward sustainability, Crocs still encourages its Crocs Club Members to keep returning to buy the newest, long-lasting plastic clogs.
Eastman Chemical Company (NYSE:EMN) is a specialty materials company in the US and overseas. The company operates through four segments: Additives & Functional Products, Advanced Materials, Chemical Intermediates, and Fibers. The company's Additives & Functional Products segment provides hydrocarbon and rosin resins, organic acid solutions, amine-based building blocks, soil fumigants, fungicides, plant regulators, specialty and commodity solvents, paint additives, and specialty polymers. Its Advanced Materials segment offers copolyesters, biopolymers, cellulose esters, PVB sheets, and window and protective films. The company's Chemical Intermediates segment provides methylamines, higher amines, solvents, Olefin derivatives, and plasticizers. Finally, Eastman Chemical Company (NYSE:EMN) supplies cellulose acetate tow, triacetin, flake, acetic acid, and anhydride for filtration and yarns, as well as nonwoven media, papers, and cellulose fibers, through its Fibers segment. Eastman Chemical Company (NYSE:EMN) was founded in 1920 and is based in Tennessee. As of January 12, the company is worth $10.97 billion.
It’s hard to tell if any of these comments are legit or just troll bots. It sounds to me like Crocs going sustainable is like a bunch of billionaires signing onto the Giving Pledge to donate half of their wealth. Not one of them is actively doing it but they get a lot of fanfare for saying it. Crocs, Inc. reports record annual revenues of $3.6 Billion, growing 54% Over 2021. The money for sustainable investment is there if they are genuinely interested in corporate accountability for the true cost of their shoes. With the younger generations embracing these shoes and sustainability, Crocs could be the stuff of MBA legends if they are paying attention to the changing consumer tides. But it can be incredibly challenging to make those big leaps since in the short-term, investing in expensive sustainability measures is diametrically opposed to the profits of shareholders/investors.
As mentioned above, plastic is manufactured through a variety of processes. However, the injection molding process held the dominant market share and accounted for over 43% of the global demand for plastics in 2021. Injection molding is the go-to process for the production of medical devices and automotive parts.
The reason I looked for info on how crocs are made- what happens when you wear these on a daily basis w/o socks, considering all the pores we have on the bottom of our feet? I see so many products with the warning “made with known cancer contributing or exposing materials “ or something such as this. What about Crocs? I have never purchased a pair, so as yet, have not read their labeling. But, I have numerous loved ones that wear Crocs…. Any danger of exposure to harmful materials?
So, Crocs are back — or maybe they never went out of style. Is it camp? Comfort? Nostalgia? We’re not sure. But we at Scienceline do love our Crocs: whether it’s the sparkly pink pair that Lyric Aquino wore in the front row at a Harry Styles concert or the blue pair that Delaney Dryfoos wore to a fancy restaurant on Martha’s Vineyard. Some of our faves now have Crocs collaborations — like Bad Bunny, the Cars movie franchise and 7-Eleven.
So where does this leave us? It’s hard to say. We feel a little bit better about missing the sold-out, glow-in-the-dark Bad Bunny collab — but only slightly.
In this article, we will discuss the 15 largest plastic manufacturing companies in the world. If you want to skip our analysis of the plastic industry, you can go directly to 5 Largest Plastic Manufacturing Companies in the World.
Formosa Plastics Corporation (TPE: 1301) is a Taiwan-based chemical and plastics company founded in 1954. The company is one of the largest petrochemical companies in Taiwan and also one of the largest producers of polyvinyl chloride (PVC) in the world. Formosa Plastics Corporation (TPE:1301) produces a wide range of products, including Chlor-Alkali, Polyethylene, Polypropylene, Suspension PVC, Specialty PVC, and other plastic compounds.
INEOS Group Limited is a multinational chemical company based in the United Kingdom. It is among the world's largest private chemical companies by revenue, with an annual revenue of over $20 billion, as of 2021. The company produces products ranging from basic chemicals, such as chlorine and ethylene, to advanced materials and specialty chemicals, such as polyethylene, styrenics, and performance chemicals. The company also produces chemicals for the automotive, construction, electronics, and medical industries.
Some of the largest companies in the world, such as Tesla, Inc. (NASDAQ:TSLA), The Boeing Company (NYSE:BA), and The Coca-Cola Company (NYSE:KO), all rely heavily on plastics. Automotive, medical devices, electronics, aviation, construction, and packaging, are some of the biggest markets for plastic manufacturing. Companies operating in these industries are expected to drive the growth of the global plastics market as they look for light-weight and cost-effective solutions.
Evonik Industries AG (OTC:EVKIY) is a German company that specializes in chemical production. The company provides various additives, surfactants, smart materials, performance materials and infrastructure services. The company's products are used in many sectors, such as automotive, construction, and consumer goods. Evonik Industries AG (OTC:EVKIY) has operations in several regions, including Europe, Asia-Pacific, and North and South America. Evonik Industries AG (OTC:EVKIY) was founded in 1873 and employs roughly 34,000 individuals. As of January 12, Evonik Industries AG (OTC:EVKIY) is worth $10.10 billion and is one of the largest plastic manufacturing companies in the world, by market cap.
The plastic manufacturing industry produces a variety of plastic products for a range of different uses, from packaging to construction materials. Plastic is widely used in many industries because it is lightweight, durable, and cost-efficient. Plastic manufacturing typically involves the use of injection molding, extrusion, and blow molding processes, among others. Injection molding involves forcing molten plastic into a mold to create a desired shape. Extrusion involves forcing plastic through a die to create a continuous shape. Blow molding involves blowing air into a plastic container or bottle to create a desired shape. The industry also uses a variety of secondary processes, such as painting, machining, and assembly. Companies may also offer custom services, such as designing and creating molds and dies for specific products.
I had no idea that Crocs were made of a biodegradable material! As someone who cares deeply about sustainability, I’m really interested in learning more about how this material is used in the production process. Can you please do a follow-up post on this topic? I’d love to know more!
Plastic is a broad category, but it generally means any man-made polymer, he explains. We often think of this as the smooth, flexible material that makes up takeout containers and disposable water bottles. But styrofoam is plastic, too. So are the nylon and polyester in your clothes.
ThredUP did not respond to a request asking how many pairs of the shoes arrive at the consignment store or are ultimately sold into new closets. Some people are sending their old pairs in, however. A search through thredUP yields multiple styles of Crocs shoes in multiple colors and sizes.
Dow Inc. (NYSE:DOW) was founded in 2018 and is based in Midland, Michigan. The company has quickly grown to become one of the largest plastic manufacturing companies in the world and is valued at $40.5 billion, as of January 12.
Formosa Plastics Corporation (TPE:1301) is an important player in the global plastics market and is one of the largest plastic manufacturing companies in the world. As of January 12, the company is worth $18.39 billion on the open market.
I am at the beach in Oregon and have pulled two Crocs out of the sea grass. They have clearly been in the water for a long, long time as they are covered in sea life and they haven’t broken down one bit. Used to be I could come down to the shore and find sea glass but now all I find is plastic – big pieces and teeny tiny pieces. It’s a huge problem.
Still, there’s one glaring problem that this bio-based plastic can’t fix: where the shoes go once you’re done with them. Crocs are notoriously long-lasting. On the one hand, that’s the opposite of the fast fashion problem that plagues the industry. But on the other, the shoes will eventually end up in a landfill, and bio-based doesn’t necessarily mean biodegradable.
Crocs declined to clarify whether they have already begun using Ecolibrium to manufacture their shoes. We also asked Crocs what percentage of their plastic will come from renewable sources by the end of the decade, initially believing they planned to make a full transition. The spokesperson responded and clarified, “As part of our goal to become net zero by 2030, we are aiming to reduce product emissions 50% per pair by 2030.”
Celanese Corporation (NYSE:CE) is one of the largest plastic manufacturing companies in the world and is valued at $12.91 billion, as of January 12.
DuPont de Nemours, Inc. (NYSE:DD) is based in Wilmington, Delaware and produces tech-based materials and solutions in the U.S., Canada, Asia Pacific, Latin America, Europe, Middle East, and Africa. The company has three segments: Electronics & Industrial, Mobility & Materials, and Water & Protection. The Electronics & Industrial sells materials for semiconductor and circuit fabrication, PCBs, LEDs, metal finishing, displays, and specialty silicones. DuPont de Nemours, Inc. (NYSE:DD) provides engineering resins, silicone, films, and pastes for transportation, electronics, industrial, and consumer end-markets through its Mobility & Materials segment. The Water & Protection supplies products and systems for worker safety, water purification, energy, medical packaging, and building materials. DuPont de Nemours, Inc. (NYSE:DD) is worth $37.21 billion, as of January 12, and is among the largest plastic manufacturing companies in the world.
I always thought crocs were ugly until I bought a pair of fakes from Walmart….and then saw my grandkids wearing them..I was gifted my first pair for my 76th birthday….I never had a pair of any shoes that didn’t hurt my feet until now..love love them..Thks for being there…
“If Crocs wants to make a mark, they’d have a takeback program,” says Kimberly Guthrie, who teaches fashion merchandising and sustainability at Virginia Commonwealth University.
Allison Parshall is a science journalist with a particular passion for multimedia storytelling. She has also written for Quanta Magazine, Scientific American and Inverse.
Hot glue itself is also typically made of PEVA. But unlike hot glue, Crocs’ Croslite polymer would be injected with gas to create its foamy structure. The result is a breathable, loose-fitting, water-resistant shoe that both supports and cushions the soles of your feet.
If Crocs isn’t currently planning a complete transition to bio-based plastics, that may be because of price and limited supply. Right now, bioplastics of all sorts are more expensive and less efficient to produce than traditional plastics. They’re new on the scene and competing with traditional processes that are “very, very established,” says Jan-Georg Rosenboom, a chemical engineer at the Massachusetts Institute of Technology. But if the bioplastic industry continues to grow, Rosenboom expects their price to drop and their availability to increase due to the larger production scale, new technologies or regulation.
The iconic clogs have been around for 20 years, but in all that time, we never thought to wonder what they were made of. Once the question got in our heads, we couldn’t get it out. So let’s dive into the chemistry of Crocs and consider how their makeup may be changing to reduce the company’s environmental impact.
“Crocs are definitely plastic. There’s no doubt about it,” says Michael Hickner, a materials scientist at Penn State University who specializes in polymers.
“Crocs, you know, they’re indestructible, which causes a sustainability issue,” Hickner says. The Pacific garbage patch probably contains more than a few Crocs, he speculates.
Crocs does have a collaboration with thredUP, an online consignment and thrift store, to find new homes for last season’s clogs. Crocs promotes this partnership as part of its commitment to reducing the number of shoes that end up in landfills. When you mail your gently used clothes and shoes to the online thrift shop, you can register to receive Crocs shopping credit.
INEOS Group Limited is a global leader in the plastic manufacturing industry, with a presence in more than 25 countries. The company produces and sells a variety of plastic products, including polyethylene, polypropylene, polystyrene, and PVC, among others. INEOS' portfolio of products is used for a variety of applications, including packaging, construction, automotive, and consumer goods. The company has a strong presence in the global plastic manufacturing industry, and is among the top producers of polyethylene and polypropylene.
We sifted through market research reports and identified the major players operating in the plastic manufacturing industry. We narrowed down our selection to companies with the largest revenue, largest market cap, and highest number of employees. For public companies, we used the market cap to quantify each company's size and ranked our picks in ascending order of their market cap in U.S. dollars. For private companies, we used their annual revenue to quantify their size. For companies listed on non-U.S. exchanges or with financial statements in their native currencies, we converted their market caps and revenues from their native currencies to U.S. dollars. Some of the companies in our list are pure plastic manufacturers, while others make materials and chemicals used in plastic manufacturing.
After reading this article I think Crocs are going to ruin their product. They are now the best footwear , as far as comfort and support , on the market. Why fool with success and ruin a good thing. I am now concerned Crocs, as I know them ,will no longer be available to me.
Dow Inc. (NYSE:DOW) is a materials science solutions provider in the US, Canada, Europe, the Middle East, Africa, India, the Asia Pacific, and Latin America. It has three segments: Packaging & Specialty Plastics, Industrial Intermediates & Infrastructure, and Performance Materials & Coatings. The company offers ethylene, propylene and aromatics products; polyethylene, polyolefin elastomers, ethylene vinyl acetate, and ethylene propylene diene monomer rubbers through its Packaging & Specialty Plastics segment. The company's Industrial Intermediates & Infrastructure segment provides ethylene oxides, propylene oxides, propylene glycol and polyether polyols, aromatic isocyanates and polyurethane systems, coatings, adhesives, sealants, elastomers, and composites. Additionally, Dow Inc. (NYSE:DOW) provides architectural paints & coatings, industrial coatings, performance silicones & specialty materials, and silicone feedstocks & intermediates through its Performance Materials & Coatings segment.
Soon, this process will be changing slightly to make the plastic shoes more sustainable. In their recent sustainability report, Crocs states that a pair of their classic clogs contributes 2.56 kg of CO2 to the atmosphere. The company announced last year that they plan to cut this number in half by 2030, in part by incorporating plastics made from renewable sources instead of fossil fuels.
The plastic manufacturing industry has high exposure to a diverse range of lucrative end-markets that are led by giant companies like Tesla, Inc. (NASDAQ:TSLA), The Boeing Company (NYSE:BA), and The Coca-Cola Company (NYSE:KO).
Some of the biggest companies that have brought, and are expected to further bring, business to the global plastics industry include Tesla, Inc. (NASDAQ:TSLA), The Boeing Company (NYSE:BA), and The Coca-Cola Company (NYSE:KO).
Still, it’s not inaccurate to describe Crocs as foam, resin or rubber, either — they’re basically all of the above. These categories are wide-ranging and imprecise, each referencing a different aspect of Crocs’ chemical origins and physical properties.
According to a market research report by Grand View Research, the global plastic industry was worth $593 billion in 2021. The industry is projected to grow to $811.57 billion by 2030 at a compound annual growth rate of 3.7%, from 2022 to 2030.
Hickner explains that, while it’s chemically possible to recycle most PEVA, this can’t be done alongside the rest of our household recycling. Crocs would likely have to create its own recycling stream where they take back old pairs of shoes to make new ones.
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