Predict your next investment

Corporation
ENERGY & UTILITIES | Oil & Gas Refining & Distribution
westlake.com

See what CB Insights has to offer

Investments

1

Portfolio Exits

1

Partners & Customers

4

Service Providers

1

About Westlake Chemical Corporation

Westlake Chemical Corporation is an international manufacturer and supplier of petrochemicals, polymers and building products with headquarters in Houston, Texas. The company's range of products includes: ethylene, polyethylene, styrene, propylene, caustic, VCM, PVC resin and PVC building products including pipe and specialty components, windows and fence.

Westlake Chemical Corporation Headquarter Location

2801 Post Oak Blvd

Houston, Texas, 77056,

United States

812-985-3628

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Expert Collections containing Westlake Chemical Corporation

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find Westlake Chemical Corporation in 1 Expert Collection, including Fortune 500 Investor list.

F

Fortune 500 Investor list

590 items

This is a collection of investors named in the 2019 Fortune 500 list of companies. All CB Insights profiles for active investment arms of a Fortune 500 company are included.

Westlake Chemical Corporation Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
CBI Logo

Westlake Chemical Corporation Rank

Latest Westlake Chemical Corporation News

Styrene Monomer Market Worth US$ 42,558.55Mn, Globally, by 2028 at 5.2% CAGR - Exclusive Report by The Insight Partners

May 4, 2022

Styrene Monomer Market: Competition Landscape and Key Developments The key players operating in the global styrene monomer market include Americas Styrenics LLC (AmSty); Asahi Kasei Corporation; BASF SE; Idemitsu Kosan Co., Ltd.; INEOS Styrolution Group GmbH; LG Chem; LOTTE Chemical CORPORATION; LyondellBasell Industries Holdings B.V.; Trinseo; and Westlake Chemical Corporation. Key Developments LyondellBasell and China Petroleum & Chemical Corporation (Sinopec) entered a joint venture to produce propylene oxide (PO) and styrene monomer (SM) in China's domestic market. Americas Styrenics LLC collaborated with INEOS Styrolution and Trinseo to explore advanced recycling technologies for polystyrene materials. Schedule A Pre-Sale Discussion with The Author Team in A Slot That You Prefer to Address Queries on Scope of the Study, Customization, Introduction to Research Methodology, Assistance on Technologies, and Market Definitions: https://www.theinsightpartners.com/inquiry/TIPRE00026171/ In 2020, Asia Pacific held the largest share of the global styrene monomer market. Rapid urbanization and ever-increasing demand for food packaging in the region are the driving factors for the market in the region. The construction industry uses styrene chemical-based products for building materials. Additionally, styrene monomer is widely used to manufacture paints. Hence, the growing urbanization in the region is expected to fuel the demand for styrene monomer. Moreover, market players are focusing on various strategies, which is expected to positively affect market growth. For instance, in July 2021, INEOS Styrolution formed a strategic partnership with GER to produce high-quality virgin-like ABS grade recycled materials for the Chinese market. Growing Use of Expanded Polystyrene in the Construction Industry Expanded polystyrene is used in the construction industry for various applications, such as lightweight concrete, panel application, decorative tiles and molding, and embankment backfilling. Expanded polystyrene is used as insulation in roofs, walls, and foundations. Its sustainability benefits, energy efficiency, and durability make it suitable for use in the construction industry. One of the main trends in the construction industry is the use of prefabricated structural insulated panels (SIPs). The rise in the use of such prefabricated systems is creating a demand for expanded polystyrene. All these factors establish that the increasing use of expanded polystyrene in the construction industry is driving the styrene monomer market substantially. Styrene Monomer Market: Segmental Overview Based on application, the styrene monomer market is segmented into polystyrene, acrylonitrile-butadiene-styrene (ABS), styrene-acrylonitrile (SAN), SB latex and rubber, and others. The polystyrene segment held the largest share of the global styrene monomer market in 2020. Styrene is mainly used in the production of polystyrene. Polystyrene finds application in packaging, consumer electronics, toys, recreational equipment, and refrigerator door liners. Composite expandable polystyrene products are used in automotive body panels, boats and wind turbines, and bath and shower enclosures. Based on end-use industries, the global styrene monomer market has been segmented into packaging, automobile, consumer goods, construction, and others. The packaging segment held the largest share of the global styrene monomer market in 2020. Polystyrene foam is used in lightweight protective packaging and food service containers. Additionally, styrene-acrylonitrile is used to produce food containers and cosmetic packaging products. With the shifting consumer preference for packaged food products, the demand for high-quality food packaging products is rising. Have A 15-Minute-Long Discussion with The Lead Research Analyst and Author of the Report in A Time Slot Decided by You. You Will Be Briefed About the Contents of the Report and Queries Regarding the Scope of the Document Will Be Addressed as Well: https://www.theinsightpartners.com/speak-to-analyst/TIPRE00026171/ Impact of COVID-19 Pandemic on Styrene Monomer Market The COVID-19 pandemic has affected economies and industries in various countries. The unprecedented rise in the number of COVID-19 cases and the subsequent lockdown of numerous manufacturing facilities have negatively influenced the growth of the various markets. Many styrene monomer producers were operating their plants at reduced rates amid the COVID-19 pandemic. The supply networks for construction materials have also been disrupted. Many construction projects were temporarily halted due to the COVID-19 pandemic, thus impacting expandable polystyrene demand. Automotive production was temporarily halted due to the pandemic, which impacted the styrene monomer demand. However, as various industries are overcoming the challenges and restarting their business activities, the demand for derivatives like polystyrene and acrylonitrile-butadiene-styrene is improving. In 2021, Asia Pacific held the largest share of the global styrene monomer market. The food industry is one of the major end-users of the styrene monomer as it is extensively utilized in food packaging. Moreover, in the Asia Pacific region, growing construction work is expected to accelerate the demand for styrene monomers. The polystyrene segment held the largest share of the global styrene monomer market in 2021. Styrene is mainly used in the production of polystyrene, which is a major material used in applications such as packaging, consumer electronics, toys, recreational equipment, and refrigerator door liners. Ans. The packaging segment held the largest share of the styrene monomer market in 2021. Styrene monomers are extensively utilized in food packaging. Polystyrene foam is used in lightweight protective packaging and food service containers. Immediate Delivery of Our Off-The-Shelf Reports and Latest Research Studies, Through Flexible and Convenient Payment Methods: https://www.theinsightpartners.com/buy/TIPRE00026171/ The Acrylonitrile-Butadiene-Styrene (ABS) segment is the fastest-growing segment in the global styrene monomer market during the forecasted period. Various properties of acrylonitrile-butadiene-styrene plastic make it a suitable material for applications such as automotive, sports equipment, electrical appliances, and toys. The automobile segment is the fastest-growing segment in the global styrene monomer market during the forecasted period. Acrylonitrile-butadiene styrene (as a thermoplastic resin) and styrene-acrylonitrile are used in automotive applications. Browse Latest Related Reports: Extruded Polystyrene Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Application (Foundation, Roof, Wall, Floor and Ceiling, Others); End Use (Residential, Commercial, Others) and Geography Extrusion Blow Moulding Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (PET, PVC, Polystyrene, Polyethylene, Acrylonitrile, Polypropylene, Others); Application (Medical, Building and construction, Automotive and transport, Consumables and electronics, Packaging, Others) and Geography Flame Retardant Masterbatches Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Brominated, Chlorinated, Organophosphorus, Antimony Oxides, Alumina Trihydrate [ATH], Others); Resin (Polyethylene (PE), Polypropylene (PP), Acrylonitrile-Butadlene-Styrene (ABS), Polystyrene (PS), Polycarbonate (PC), Others); End-User Industry (Automobiles, Building and Construction, Electrical and Electronics, Consumer Products, Packaging, Others) and Geography Refrigeration Insulation Materials Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Type (Elastomeric foam (NBR and EPDM), PU and PIR, Polystyrene Foam (XPS and EPS), Fiberglass, Phenolic Foam, Others); Application (Commercial, Industrial, Cryogenic, Refrigerated Transportation); End-Use Industry (Food and Beverage, Chemicals and Pharmaceuticals, Oil and Gas and Petrochemicals, Others) and Geography Recycled Plastic Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Source (Foams, Films, Bottles, Fibers); Type (Polyethylene Terephthalate (PET), Polyvinyl Chloride(PVC), Polyethylene (PE), Polyproylene (PP), Polystyrene(PS), Others); End-Use (Packaging, Textiles, Automotive, Building and Construction, Electrical and Electronics) and Geography Styrene-Acrylonitrile Resin Market Forecast to 2028 - COVID-19 Impact and Global Analysis By End-User Industry (Building and Construction, Consumer Goods, Medical, Packaging, Others) and Geography Acrylonitrile Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Application (Acrylic Fiber, Acrylonitrile Butadiene Styrene, Styrene-Acrylonitrile Resin, Acrylamide, Others); End-user (Automotive, Electronic Industry, Construction Industry, Packaging Industry, Others) and Geography About Us: The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials. Contact Us: If you have any queries about this report or if you would like further information, please contact us: Contact Person: Sameer Joshi

Westlake Chemical Corporation Investments

1 Investments

Westlake Chemical Corporation has made 1 investments. Their latest investment was in ChemConnect as part of their Series C on April 4, 2000.

CBI Logo

Westlake Chemical Corporation Investments Activity

investments chart

Westlake Chemical Corporation Portfolio Exits

1 Portfolio Exit

Westlake Chemical Corporation has 1 portfolio exit. Their latest portfolio exit was ChemConnect on July 10, 2007.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

7/10/2007

Acquired

1

Date

7/10/2007

Exit

Acquired

Companies

Valuation

Acquirer

Sources

1

Westlake Chemical Corporation Acquisitions

8 Acquisitions

Westlake Chemical Corporation acquired 8 companies. Their latest acquisition was Hexion - Epoxy Business on November 24, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

11/24/2021

$99M

Acquired Unit

13

8/6/2021

Debt

Subscribe to see more

$99M

$99M

Subscribe to see more

10

6/21/2021

Subscribe to see more

$99M

Subscribe to see more

10

11/26/2019

Subscribe to see more

$99M

Subscribe to see more

10

9/25/2018

Subscribe to see more

$99M

Subscribe to see more

10

Date

11/24/2021

8/6/2021

6/21/2021

11/26/2019

9/25/2018

Investment Stage

Debt

Companies

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$99M

Note

Acquired Unit

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Sources

13

10

10

10

10

Westlake Chemical Corporation Partners & Customers

4 Partners and customers

Westlake Chemical Corporation has 4 strategic partners and customers. Westlake Chemical Corporation recently partnered with Gates Corporation on March 3, 2020.

Date

Type

Business Partner

Country

News Snippet

Sources

3/16/2020

Client

United States

Westlake Chemical's PVC Profile Group Supplier to 'The Gates of Central Park'.

HOUSTON , March 16 / PRNewswire-FirstCall / -- North American Profiles Group , a subsidiary of Westlake Chemical Corporation , was chosenas the manufacturer of the PVC profiles used for the vertical and horizontalposts used to construct the 7,503 gates for The Gates , the artwork recentlydisplayed in New York 's Central Park .

1

8/27/2019

Partner

United States, Netherlands, Germany, Switzerland, France, Japan, , United Kingdom, Italy, Canada, Norway, Thailand, India, China, Saudi Arabia, South Africa, South Korea, Brazil, and Kuwait

Subscribe to see more

Subscribe to see more

10

11/18/2014

Vendor

France

Subscribe to see more

Subscribe to see more

10

4/7/2009

Licensee

United States

Subscribe to see more

Subscribe to see more

10

Date

3/16/2020

8/27/2019

11/18/2014

4/7/2009

Type

Client

Partner

Vendor

Licensee

Business Partner

Country

United States

United States, Netherlands, Germany, Switzerland, France, Japan, , United Kingdom, Italy, Canada, Norway, Thailand, India, China, Saudi Arabia, South Africa, South Korea, Brazil, and Kuwait

France

United States

News Snippet

Westlake Chemical's PVC Profile Group Supplier to 'The Gates of Central Park'.

HOUSTON , March 16 / PRNewswire-FirstCall / -- North American Profiles Group , a subsidiary of Westlake Chemical Corporation , was chosenas the manufacturer of the PVC profiles used for the vertical and horizontalposts used to construct the 7,503 gates for The Gates , the artwork recentlydisplayed in New York 's Central Park .

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Sources

1

10

10

10

Westlake Chemical Corporation Service Providers

1 Service Provider

Westlake Chemical Corporation has 1 service provider relationship

Service Provider

Associated Rounds

Provider Type

Service Type

IPO

Investment Bank

Financial Advisor

Service Provider

Associated Rounds

IPO

Provider Type

Investment Bank

Service Type

Financial Advisor

Partnership data by VentureSource

Westlake Chemical Corporation Team

3 Team Members

Westlake Chemical Corporation has 3 team members, including current Chief Executive Officer, President, George Smith.

Name

Work History

Title

Status

George Smith

Chief Executive Officer, President

Current

Howard W Elsberry

Chief Executive Officer, President

Former

Frederic Gaillot

Executive Vice President

Former

Name

George Smith

Howard W Elsberry

Frederic Gaillot

Work History

Title

Chief Executive Officer, President

Chief Executive Officer, President

Executive Vice President

Status

Current

Former

Former

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.