Formosa Plastics SWOT Analysis, Competitors & USP

Posted in Industrial Products and Chemicals, Total Reads: 5983

SWOT analysis of Formosa Plastics analyses the brand/company with its strengths, weaknesses, opportunities & threats. In Formosa Plastics SWOT Analysis, the strengths and weaknesses are the internal factors whereas opportunities and threats are the external factors.

SWOT Analysis is a proven management framework which enables a brand like Formosa Plastics to benchmark its business & performance as compared to the competitors and industry. Formosa Plastics is one of the leading brands in the industrial products and chemicals sector. The table below also lists the top Formosa Plastics competitors and elaborates Formosa Plastics market segmentation, target group, positioning & Unique Selling Proposition (USP).

Formosa Plastics SWOT, Competitors, Marketing STP & Brand analysis Table
Formosa Plastics Brand Analysis
Parent Company

Formosa Plastics Group


Specialty chemicals, Plastics and Petrochemicals


Industrial Products and Chemicals

Tagline/ Slogan

Taiwan’s leading petrochemical manufacturer; You expect more and Formosa delivers


One of the largest manufacturer of PVC in the world & largest manufacturer of petrochemicals in Taiwan

Formosa Plastics STP

Businesses which demand sustainable & good quality products with a high emphasis on saving costs.

Target Group

Businesses in the manufacture of commodities and chemicals like plastics, textiles, etc.


Formosa Plastics is principally engaged in the manufacture and sale of plastic materials, textile products and fiber products.

Formosa Plastics SWOT Analysis

Below is the Strengths, Weaknesses, Opportunities & Threats (SWOT) Analysis of Formosa Plastics. Strengths are:

1. Wide customer base spanning regions of Mainland China, Hong Kong, Macau, the Americas, Africa, Europe, Oceania, Japan, South Korea and Southeast China.
2. Large business division comprising of 3 petrochemical, plastics, rayon, nylon, textiles and engineering division.
3. One of Taiwan’s top petrochemical companies and the world’s no. 2 producer of Polyvinyl Chloride (PVC).


Here are the weaknesses in the Formosa Plastics SWOT Analysis:

1. Market reach & network is very low, due to which alternate products are getting sold in the marketplace.
1. Limited global presence and lesser international penetration compared to some other big brands


Following are the Opportunities in Formosa Plastics SWOT Analysis:

1. Steadily growing Asian markets can be captured by undertaking process de-bottleneck and capacity expansion.
2. Can become a steady supplier for downstream operators in the region and work with them to make the products more competitive.
3. Distribution centers set-up in order to target the mainland China market.

4. Seek strategic alliances to gain access to marketing channels and expand the company’s market domain.


The threats in the SWOT Analysis of Formosa Plastics are as mentioned:

1. New technologies emerging in the world for the manufacture of petrochemicals.

2. Smaller players with access to Asian markets are creating intense competition for the company’s products.
3. Environmental regulations creating losses for the company, which has to look for alternate process for manufacture of its products.

Formosa Plastics Competition

Below are the top 3 Formosa Plastics competitors:

2.Shin-Etsu Chemical Co. Ltd. (Japan)
3.Sinopec Shanghai Petrochemical Co. Ltd.

The brandguide table above concludes the Formosa Plastics SWOT analysis along with its marketing and brand parameters.

Similar analysis has also been done for the competitors of the company belonging to the same category, sector or industry. Browse marketing analysis of more brands and companies similar to Formosa Plastics. The BrandGuide section covers SWOT Analysis, USP, STP & Competition of more than 6000 brands from over 20 categories. This SWOT and marketing analysis has been researched & authored by our BrandGuide Research Team members.

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