About Petrochemicals sector in Southeast Asia
The Petrochemicals sector in Southeast Asia comprises 22 companies, including 2 funded companies. Out of these, 4 are Series A+ funded.
Petrochemicals sector in Southeast Asia has seen 4 IPOs. This represents almost 18.2% of all such companies - which is higher than the 5.0% exit rate of tech companies in general.
Key Metrics
Total Companies
Top Companies
Funded Companies
Series A+ Companies
Series C+ Companies
IPOs
Top Petrochemicals Companies in Southeast Asia
There are 22 Petrochemicals startups in Southeast Asia which include Indroma Ventures, PTT Global Chemical, SCGC, PSP, APC. Out of these, 2 startups are funded, with 4 having secured Series A+ funding.
Here is the list of top Petrochemicals startups in Southeast Asia
Indroma Ventures is a manufacturer of Polyethylene terephthalate (PET) resins, PET products, and wool yarn. The company was initially formed to produce wool yarn and later on entered the petrochemical industry by establishing a PET resin facility in Thailand. Their products have applications in markets like food & beverages, personal care, health care, automotive, and textiles.In 2022, the company recorded annual revenues of $18.71B and a net profit of $0.86B
Key facts about Indroma Ventures
- Founded Year: 1994
- Location: Bangkok (Thailand)
- Stage: Public
- Investors: Europa
- Latest Funding Round: Grant (prize money), Jun 01, 2021, $*****
- Tracxn Score: 54/100 What is this?
In 2023, the company recorded annual revenues of $19.5B and a net loss of $0.25B.
Key facts about PTT Global Chemical
- Founded Year: 2011
- Location: Rayong (Thailand)
- Stage: Public
- Tracxn Score: 52/100 What is this?
3. SCGC
Key facts about SCGC
- Founded Year: 1994
- Location: Bangkok (Thailand)
- Stage: Funding Raised
- Investors: Europa
- Latest Funding Round: Grant (prize money), Jun 01, 2022, $*****
- Tracxn Score: 51/100 What is this?

4. PSP
Key facts about PSP
- Founded Year: 1988
- Location: Samut Sakhon (Thailand)
- Stage: Public
- Tracxn Score: 40/100 What is this?

5. APC
Asia Pacific Petrochemical Co., Ltd. is a chemical manufacturing company that specializes in hydrocarbon and oxygenated solvents. They offer a range of chemical industry materials and solvents like toluene, styrene monomer, acetone, xylene, butyl acetate, and MEK.
Key facts about APC
- Founded Year: 1997
- Location: Bangkok (Thailand)
- Stage: Unfunded
- Tracxn Score: 31/100 What is this?
Companies founded year-on-year in the Petrochemicals sector in Southeast Asia
1 Petrochemicals startup in Southeast Asia were founded in 2022 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | - |
2025 | - |
2024 | - |
2023 | - |
2022 | 1 |
2021 | - |
2020 | 1 |
2019 | 1 |
2018 | 1 |
2017 | - |
Stage-wise distribution of Petrochemicals sector companies in Southeast Asia
Out of the total 22 Petrochemicals companies in Southeast Asia, 2 have secured funding. Among them, 4 have reached Series A or higher, and 4 to Series B or beyond.
Founded - 22
Funded - 2
Series A+ - 4
Series B+ - 4
Series C+ - 4
Company Stage | No. of companies |
|---|---|
Founded | 22 |
Funded | 2 |
Series A+ | 4 |
Series B+ | 4 |
Series C+ | 4 |
Top Investors in Petrochemicals in Southeast Asia
TPG is the top investor in Petrochemicals companies in Southeast Asia based on number of companies invested.
Here are some top investors in Petrochemicals companies in Southeast Asia:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Fort Worth (United States) | - | |
Johor Bahru (Malaysia) | - | |
Kowloon (China) | - | |
New York City (United States) | - | |
Washington, DC (United States) | - |
IPOs in Petrochemicals in Southeast Asia
In the year 2023, till August 2023, 1 IPO happened in Petrochemicals sector in Southeast Asia.
Here are some recent, important IPOs in Petrochemicals sector in Southeast Asia:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Aug 30, 2023 | Stock Exchange of Thailand (SET) | |
Oct 19, 2011 | Stock Exchange of Thailand (SET) | |
Feb 05, 2010 | Stock Exchange of Thailand (SET) |
Top News in Petrochemicals in Southeast Asia
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Kao Partners with SCG Chemicals and Dow to Develop Recyclable Packaging for Consumer GoodsPackaging Strategies•Dec 27, 2023•Kao Corporation, SCGC
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Kao and others sign MoU to develop sustainable packaging in ThailandPackaging Gateway•Dec 04, 2023•SCGC, Dow Chemical Company, Kao Corporation
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Indorama Ventures Reports Stable Quarterly Earnings; Management Focused On Bolstering Performance In Challenging EnvironmentTextile Industries Media Group•Nov 14, 2023•Indroma Ventures
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CCP JV partners pause construction of PTA-PET plant in TexasPackaging Gateway•Sep 28, 2023•Ccpolymersllc, Indroma Ventures, Far Eastern Group
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Indorama Ventures Achieves 100 Billion PET Bottles Recycling MilestoneTextile Industries Media Group•Sep 25, 2023•Indroma Ventures
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Indorama Ventures and SIPA unveil first clear PET sparkling wine bottle at PACK EXPO Las VegasAsiaFoodJournal•Sep 12, 2023•Indroma Ventures, Sipa
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Indorama Ventures to Invest $150 Million in PET Recycling Plants in IndiaClayton County Register•Sep 12, 2023•Indroma Ventures
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