The Global Plastic for Oil and Gas Market was valued at USD 12.34 Billion in 2022 and is projected to reach USD 18.45 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 5.1% during the forecast period (2023–2030). This growth is being driven by rising demand for durable, high-performance materials in exploration, refining, and extraction operations, coupled with advancements in sustainable plastics and the push for efficient infrastructure in emerging oil and gas regions. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes, highlighting resilience in supply chains and a shift toward localized production.

Plastic for Oil and Gas are used to manufacture parts and components such as seals, connectors, bearings, structural components, and protective equipment, which are suited for high pressures, high temperatures, abrasive fluids, and saltwater environments. As the energy sector evolves toward greater efficiency and environmental responsibility, the focus turns to leading manufacturers who deliver innovative polymer solutions that withstand harsh conditions while supporting decarbonization efforts. In this blog, we profile the Top 10 Companies in the Plastic for Oil and Gas Market—a blend of chemical giants, specialty polymer producers, and distributors pioneering resilient and eco-friendly materials for the global energy industry.

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🔟 1. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: High-performance thermoplastics like Ultramid (PA), Ultradur (PBT), and specialty compounds for seals and pipes

BASF stands as a global leader in the plastics industry, providing a wide range of engineering plastics tailored for oil and gas applications. Their materials are engineered to endure extreme conditions in upstream exploration and downstream refining processes, serving major players in offshore platforms and pipeline systems.

Sustainability Initiatives:

• Development of bio-based plastics to replace traditional petroleum-derived materials

• Commitment to circular economy principles, including recycling programs for oilfield plastics

• Aiming for 100% renewable feedstock in key polymer lines by 2030

Download FREE Sample Report: Plastic for Oil and Gas Market – View in Detailed Research Report

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9️⃣ 2. DuPont de Nemours, Inc.

Headquarters: Wilmington, Delaware, USA
Key Offering: Zytel (nylon resins), Delrin (acetal), and fluoropolymers like Teflon for connectors and bearings

DuPont has long been synonymous with advanced materials in the energy sector, offering plastics that provide exceptional chemical resistance and mechanical strength for oil and gas operations. Their products are widely used in fracking equipment, valves, and protective gear.

Sustainability Initiatives:

• Investment in low-emission manufacturing processes for polymer production

• Partnerships to develop recyclable plastics for offshore applications

• Target to cut greenhouse gas emissions by 30% across the supply chain by 2025

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8️⃣ 3. Arkema S.A.

Headquarters: Colombes, France
Key Offering: Rilsan (polyamide 11) and Kynar (PVDF) for corrosion-resistant pipes and coatings

Arkema excels in delivering specialty chemicals and polymers that protect infrastructure in corrosive oil and gas environments. Their plastics are essential for lining pipelines and coating subsea components, preventing degradation from saltwater and hydrocarbons.

Sustainability Initiatives:

• Bio-sourced polyamides derived from castor oil to reduce fossil fuel dependency

• Programs to recycle end-of-life plastics from oilfield operations

• Goal of carbon neutrality in operations by 2050

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7️⃣ 4. Evonik Industries AG

Headquarters: Essen, Germany
Key Offering: VESTOSINT (PTFE powders) and TEGOMER (silicone elastomers) for seals and insulation

Evonik specializes in high-tech polymers that address the unique challenges of oil and gas extraction, such as abrasive drilling fluids and extreme temperatures. Their materials are used in bearings, gaskets, and structural parts for pumping systems.

Sustainability Initiatives:

• Development of sustainable PTFE alternatives with reduced fluorocarbon content

• Collaboration on closed-loop recycling for energy sector plastics

• Pledge to increase renewable energy use in production to 50% by 2030

Download FREE Sample Report: Plastic for Oil and Gas Market – View in Detailed Research Report

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6️⃣ 5. Covestro AG

Headquarters: Leverkusen, Germany
Key Offering: Desmopan (TPU) and Bayblend (PC/ABS blends) for flexible hoses and protective casings

Covestro brings expertise in polyurethane and polycarbonate-based plastics to the oil and gas market, focusing on applications that require flexibility and impact resistance. Their products are vital for fracking operations and subsea systems.

Sustainability Initiatives:

• Introduction of bio-attributed polyurethanes for reduced carbon footprint

• Efforts to design plastics for easy disassembly and recycling in oilfield use

• Commitment to 100% recycled or renewable materials in key products by 2030

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5️⃣ 6. SABIC (Saudi Basic Industries Corporation)

Headquarters: Riyadh, Saudi Arabia
Key Offering: NORYL (PPO resins), LEXAN (polycarbonate) for structural components and tanks

As a major player in the Middle East, SABIC supplies a vast array of thermoplastics optimized for petrochemical refining and gas transfer systems. Their plastics offer excellent thermal stability and chemical resistance.

Sustainability Initiatives:

• Expansion of TRUCIRCLE program for recycled plastics in energy applications

• Research into CO2-based polymers to lower emissions

• Target of net-zero emissions across operations by 2050

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4️⃣ 7. LG Chem, Ltd.

Headquarters: Seoul, South Korea
Key Offering: High-density polyethylene (HDPE) and engineering plastics for pipelines and exploration tools

LG Chem is a key innovator in Asia, providing durable plastics that enhance the efficiency of oil and gas exploration. Their HDPE pipes and custom compounds are designed for underground and subsea use.

Sustainability Initiatives:

• Development of ocean-bound plastic recycling for new HDPE production

• Investment in green hydrogen integration for polymer manufacturing

• Aim to achieve 20% bio-content in plastics by 2025

Download FREE Sample Report: Plastic for Oil and Gas Market – View in Detailed Research Report

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3️⃣ 8. Solvay S.A.

Headquarters: Brussels, Belgium
Key Offering: Ryton (PPS), Tecnoflon (FKM elastomers) for high-temperature seals and valves

Solvay delivers specialty polymers that excel in high-temperature oil and gas environments, such as downhole tools and refining reactors. Their materials provide flame retardancy and dimensional stability.

Sustainability Initiatives:

• Launch of low-global-warming-potential fluoropolymers

• Partnerships for chemical recycling of end-use plastics

• Reduction target of 40% in Scope 3 emissions by 2030

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2️⃣ 9. Royal DSM N.V.

Headquarters: Heerlen, Netherlands
Key Offering: Akulon (PA6), Stanyl (PA46) for bearings and connectors in pumping systems

Royal DSM focuses on sustainable engineering plastics that boost performance in fracking and subsea operations. Their high-strength polyamides withstand abrasive conditions, extending equipment life.

Sustainability Initiatives:

• Bio-based polyamides from non-food biomass sources

• Circular design principles for reusable oilfield components

• Net-zero roadmap with interim milestones by 2025

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1️⃣ 10. Piedmont Plastics, Inc.

Headquarters: Charlotte, North Carolina, USA
Key Offering: Distribution of PVC, ABS, and PTFE sheets for fabrication of protective equipment and structural parts

Piedmont Plastics serves as a vital distributor and fabricator, supplying a diverse range of plastics for oil and gas customization needs. Their expertise in machining ensures precise components for exploration and refining.

Sustainability Initiatives:

• Promotion of recycled content plastics in distribution portfolio

• Eco-friendly fabrication processes with minimal waste

• Support for customer recycling programs in energy projects

Get Full Report Here: Plastic for Oil and Gas Market – View in Detailed Research Report

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🌍 Outlook: The Future of Plastics in Oil and Gas Is Resilient and Sustainable

The plastic for oil and gas market is experiencing a profound evolution. While conventional polymers remain essential, the sector is channeling significant resources into eco-friendly alternatives, advanced composites, and smart materials that integrate with digital technologies for better monitoring and efficiency.

📈 Key Trends Shaping the Market:

• Rapid adoption of bio-based and recycled plastics in upstream exploration

• Regulatory mandates for low-emission materials, with EU targets at 30% recycled content by 2030

• Digital twins and IoT-enabled plastics for predictive maintenance in refineries

• Strategic partnerships between plastic manufacturers and oil companies for customized, sustainable solutions

Get Full Report Here: Plastic for Oil and Gas Market – View in Detailed Research Report

The companies listed above are not only equipping the energy sector—they’re leading the sustainable revolution in resource extraction and processing.