Tools Plastic Companies

The tools plastic market is projected to reach USD 2.92 billion by 2030 from USD 2.18 billion in 2025, at a CAGR of 6.0% during the forecast period. Factors such as the increasing number of applications and demand for consumer goods are driving the growth of the global market for plastic tools. First, the rising need for lightweight, strong, and cost-effective materials in industries such as automotive, construction, and manufacturing encourages the use of plastics. Plastics replace traditional metals and bulky materials to improve fuel efficiency and simplify production. The second factor is ongoing rapid industrialization and urbanization, especially in Asia Pacific, which are boosting the demand for plastic tools and components. Third, advancements in technology and innovations in plastics sectors, such as engineering and high-duty polymers, enable the production of sturdy, heat-resistant, and functional tools. Furthermore, strict government regulations and changing consumer preferences are also fueling the demand for eco-friendly and recyclable plastics, leading industry players to shift toward sustainable options. Lastly, the growth of DIY projects, gardening, and power tools segments in both developed and emerging markets, along with steady demand for plastics in these areas, continues to support industry expansion.

Tools Plastic Companies

The tools plastic market is dominated by key manufacturers including DuPont (US), BASF (Germany), Eastman Chemical Company (US), Covestro AG (Germany), Solvay (Belgium), LG Chem (South Korea), SABIC (Saudi Arabia), Dow (US), Exxon Mobil Corporation (US), and LyondellBasell Industries Holdings B.V. (US). These players have tracked numerous product launches, deals, and expansions from January 2023 to July 2025 to increase market share and global presence.

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In early 2025, LyondellBasell introduced a recycled polycarbonate/acrylonitrile butadiene styrene (PC/ABS) blend specifically designed for power tool housings subject to demanding conditions. This recycled plastic aims to offer properties similar to those of virgin PC/ABS, such as impact resistance, hardness, and surface finish, but with a significantly lower environmental footprint by following circular economy principles. By incorporating post-consumer recycled content, LyondellBasell addresses the challenges manufacturers and consumers face when choosing sustainable yet high-performance materials and sets a leading example. The new grade is designed to be easily processed on existing injection molding equipment, making it a practical choice for tool OEMs seeking to increase recycled content without sacrificing quality or durability. This commercialization marks an important step toward the broader acceptance of recycled engineering plastics in tool manufacturing.

In 2024, DuPont introduced a high-performance nylon 6/6 blend that combines sustainable biopolymers to meet the needs of the wood tools industry. The product is an environmentally conscious, reinforced, and intelligently engineered hybrid that contains up to 30% bio-based content derived from renewable sources. The PBT is designed to align positively with the growing demand for sustainable and eco-friendly plastics without compromising mechanical properties. This innovation helps manufacturers reduce their carbon footprint in tooling and other critical car parts, supporting sustainability goals while maintaining strict durability standards. A DuPont blend offers significant benefits for more efficient processing, such as improved flow during injection molding, enabling the development of more advanced tool designs.

BASF (Germany) is a global chemical company that produces high-performance materials, chemicals, and plastics used in a wide range of industrial applications, including the tools plastic market. The company operates through six main segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, and Agricultural Solutions. In its Materials segment, which includes the Performance Materials and Monomers divisions, BASF offers a broad selection of engineering plastics such as polyamide (Ultramid), polybutylene terephthalate (Ultradur), polyoxymethylene (Ultraform), and polyethersulfone (Ultrason). These materials are known for their mechanical strength, thermal resistance, and durability. They are used in power, garden, hand, and electronic tool housings, serving industries like construction, automotive, consumer goods, and electronics. BASF actively supports its tool plastics customers with customized material solutions that enhance product performance, enable weight reduction, and offer greater design flexibility. With a strong global presence, BASF has numerous manufacturing and research facilities across North America, Europe, Asia-Pacific, South America, and the Middle East & Africa, allowing it to serve tool manufacturers worldwide. Committed to sustainability and innovation, BASF leads the development of advanced plastics for future tool applications in global markets.

Covestro AG (Germany) is known for its high-performance polymers and environmentally friendly plastic solutions for the tools plastic market. The company operates with three main business areas: Performance Materials, Solutions & Specialties, and Coatings & Adhesives. In its Performance Materials segment, Covestro is a leading supplier of plastics for tools, focusing on producing high-quality thermoplastics and polyurethanes. The company supplies advanced materials such as Polycarbonate (Makrolon), Polyurethane (Baydur, Desmopan), and Thermoplastic Polyurethane (TPU), which are noted for their high impact resistance, toughness, and design flexibility. These materials are widely used in power tools, garden tools, electronic tool housings, and safety equipment—industries including construction, electrical, consumer goods, and automotive. Covestro’s polymers enhance not only durability but also help lighten tools and improve ergonomic design. The company boasts an efficient global presence, operating and maintaining production units, R&D centers, and offices across Europe, North America, Asia-Pacific, and Latin America, enabling quick responses to customer and market needs. Covestro is also dedicated to environmental sustainability by supporting circular economy initiatives and developing bio-based and recyclable plastics. Innovation and the company’s global reach allow Covestro to continue supporting the evolving needs of the tools plastics market with high-performance, eco-friendly material solutions.

Market Ranking

The tools plastic market is dominated by global manufacturers offering high-performance polymers for tooling applications across various markets. BASF, Dow, LyondellBasell Industries, SABIC, and DuPont are the top five companies. They lead due to their extensive portfolios of engineering plastics such as ABS, polycarbonate, polyamide, nylon, and polypropylene, which help produce long-lasting, lightweight, and heat-resistant tools. BASF and SABIC are known for specialty blends, while Dow and LyondellBasell focus on volume production and low-cost solutions. DuPont concentrates on high-performance polymers for extreme tool requirements. These companies heavily invest in recyclable and sustainable plastic innovations to meet environmental standards and marketplace demand. Their global presence, significant research and development efforts, and established distribution networks have enabled them to deliver consistently and maintain a competitive edge in the growing tools plastic industry.

Related Reports:

Tools Plastic Market by Type (Acrylonitrile Butadiene Styrene (ABS), Polyamide (Nylon), Polycarbonate (PC), Polybutylene Terephthalate (PBT), Thermoplastic Elastomer (TPE), Other Types), Application (Power Tools, Garden Tools, Medical Tools, Construction Tools, Other Applications), End-use Industry (Industrial (Professional), Residential (Commercial)), and Region - Global Forecast to 2030