Industry sizes in the United States

Chemical, Oil and Gas, Plastics, Tire, and Rubber, Pharma and Biotech, Food and Beverage, and Consumer Goods Industry sizes in the United States

According to the BEA published report, retail trade, finance and insurance, and utilities were the leading contributors to the increase in U.S. economic growth in the fourth quarter of 2019. Overall, 17 of 22 industry groups contributed to the 2.1 percent increase in real GDP in the fourth quarter.

  • For retail trade, real value added—a measure of an industry’s contribution to GDP—increased 7.4 percent in the fourth quarter, primarily reflecting an increase in other retail, which includes gasoline stations and nonstore retailers.
  • Finance and insurance increased 5.1 percent in the fourth quarter. The largest contributor to the increase was securities, commodity contracts, and investments.
  • Utilities increased 23.3 percent in the fourth quarter, primarily reflecting an increase in electric power generation.
  • Nondurable goods manufacturing decreased 2.8 percent, primarily reflecting decreases in food and beverage and tobacco products as well as petroleum and coal products.
  • Other services, except government, decreased 1.6 percent, in the fourth quarter. The largest contributors to the decrease were repair and maintenance as well as personal and laundry services.
  • Mining decreased 1.6 percent, primarily reflecting a decrease in support activities for mining.
Source: BEA website

We’ve analyzed and compiled each major selected industry according to industry size–small, medium, and large businesses.

1.0 CHEMICAL INDUSTRY

According to the Bureau of Labor Statistics, there are a total of 18,438 companies within the chemical industry in the US, including 15,069 small companies, 2,748 medium-sized companies and 621 large companies. The chemical industry in the US employees about 847,600 individuals. Some key players of the US chemical industry are DowDuPont, BASF, LyondellBasell, and Praxair.

Small companies

  • Companies with 5 to 9 employees = 2,537
  • Companies with fewer than 5 employees = 7,349
  • Companies with 10 to 19 employees = 2,351
  • Companies with 20 to 49 employees = 2,832
  • Total number of small businesses = 7,349 + 2,537 +2,351 + 2,832  = 15,069

Medium-sized companies

  • Companies with 50 to 99 employees = 1,578
  • Companies with 100 to 249 employees = 1,170
  • Total number of medium-sized companies = 1,578 + 1,170  = 2,748

Large companies

  • Companies with 250 to 499 employees = 328
  • Companies with 500 to 999 employees = 168
  • Companies with 1000 or more employees = 71
  • Total number of large companies = 382 + 168 + 71  = 621

Chemical Industry Revenues By Company Size

Since there was no preexisting data on the estimated revenues for small, medium, and large companies within the chemicals industry in the US, we used the available information to triangulate an estimated average figure for each group.

Findings

  • The revenue range of small-sized companies with a size of under 50 employees in Chemical Industry is $0.01 Million — $1,000.00 Million.
  • The estimated average revenue of small-sized companies is $2.03 Million (calculated)
  • The revenue range of medium-sized companies with 50-499 employees in the Chemical Industry is $0.02 Million — $4,584.96 Million.
  • The estimated average revenue of medium-sized companies is $72.33 Million. (calculated)
  • The revenue range of large-sized companies with more than 500 employees in the Chemical Industry is $0.99 Million — $31,657.00 Million.
  • The estimated average revenue for large-sized companies is $1.328 Billion. (calculated)

2.0 OIL AND GAS INDUSTRY

To gather data, we consulted government agencies such as the Bureau of Labour and Statistics (BLS), the U.S. Census Bureau and the American fact finder, as well as industry groups and organizations such as the American Petroleum Institute (API), the American Gas Association (AGA), the U.S. Oil and Gas Association (USOGA) and the American Natural Gas Alliance (ANGA) for any data or pointer that would enable to estimate the number of oil and gas companies in the U.S.

Furthermore, we fount out that according to the Independent Petroleum Association of America (IPAA), there are about 9,000 independent oil and natural gas producers in the U.S. These companies span 33 different states and offshore sites. Also, Independent producers develop about 90% of the wells in the U.S. and produce 54% of America’s oil and 85% of its natural gas. We adopted these data to provide an estimate of the number of small, medium and large-sized oil and gas companies in the U.S., given that the IPAA represents a majority of the oil and gas industry and data regarding the remaining segment of the industry was widely unavailable during the research.

In order to estimate the required information, we further determine, for use as a proxy, the percentage of small, medium and large-sized companies in the U.S. and obtained the following results. Small businesses/companies, which are those with less than 50 employees, represent 97.11% of all businesses/companies in the U.S. Medium businesses/companies, which are those with between 50 and 249 employees, represent 2.52% of all businesses/companies in the U.S. Large businesses/companies, which are those with 250 or more employees, represent 0.37% of all businesses/companies in the U.S.

Combining the results, then, the number of small, medium and large-sized oil and gas companies in the U.S. is estimated as follows.

  • The Number of small oil and gas companies = 9,000 * 97.11% = 9,000 * 0.9711 = 8,740
  • Number of medium oil and gas companies = 9,000 * 2.52% = 9,000 * 0.0252 = 227
  • Number of large oil and gas companies = 9,000 * 0.37% = 9,000 * 0.0037 = 33

3.0 PLASTICS, TIRE & RUBBER INDUSTRY

The United States’ tire, rubber and plastic industry is dominated by small-sized companies. However, the majority of the companies deal with all the three items of interest, i.e., tire, rubber, and plastic.

To find the list of companies dealing with tire, rubber, and plastic in the United States, we searched sites that have main interests in tire, rubber and plastic such as Rubbernews. However, we did not find any hard data from such sites. Next, we visited Hoovers to find companies dealing with rubber, plastic, and tires. Below are the figures that we found and the calculations that followed:

Rubber and plastic companies with:

  • 0-4 employees = 4,342
  • 5-10 employees = 2,609
  • 11-49 employees= 3,420
  • 50-99 employees = 1,103
  • 100-499 employees= 1,189
  • 500-999 employees = 162
  • 1000-4999 employees = 153
  • >5000 employees= 16

Tire companies with:

  • 0-4 employees = 361
  • 5-10 employees = 72
  • 11-49 employees =75
  • 50-99 employees =15
  • 100-499 employees= 21
  • 500-999 employees = 6
  • 1000-4999 employees = 9
  • >5000 employees = 5

The computation:

Small companies employ under 50 employees, therefore, small companies = 4,342 + 2,609 + 3,420 + 361 + 72 + 75. There is a total of 10,879 small companies in the United States.

Medium companies employ 50-249 employees. Therefore, medium companies = 1,103 + 446 + 15 +8. There is a total of 1,572 medium companies in the United States.

Large companies employ 250 or more employees. Therefore, large companies = 746 + 162+153+16 + 13+6+9+5. Thereare 1,110 large companies in the United States.

Since we only have the number of companies that employ 100 – 499 and we do not have the breakdown for medium businesses that employ 100-249 and 250 – 499, we made the assumption:

100-249 = 3 : 8

100-249 = 37.5%

Therefore, using the total number of companies included in the 100-499 list, we assumed that there are 37.5% of companies that employ 100-249 employees.

  • 1,189 * 37.5% = 446 companies for 100-249
  • 746 companies for 250-499
  • 21 * 37.5% = 8 companies for 100-249
  • 13 companies for 250-499

FOR SMALL-SIZED COMPANIES

Small-sized companies have less than 50 employees. There are 10,879 tire, rubber and plastic small companies in the United States. Some examples of small-sized tire companies are Giti Tire Manufacturing Ltd., Omni United Inc., B.A.S. Recycling Inc., Airboss Rubber Compounding Inc., and Continental Automotive Systems Inc.

Examples of rubber and plastic small-sized companies include Nppi Intermediate Inc., Firestone Natural Rubber Company LLC, Anagram International Inc., Selig Sealing Holdings Inc., and Pierburg Pump Technology US LLC.

FOR MEDIUM-SIZED COMPANIES

Medium-sized companies employ between 50 and 249 employees. There are 1,572 companies medium-sized companies in the US that deal with tire, rubber, and plastics. Some examples of medium-sized companies dealing with tire include ITW Global Tire Repair Inc., Setco Inc., New Pride Tire Inc., R.D.H. Tire and Retread Company, and Sumerel Tire Service Inc.

Some medium-sized rubber and plastic companies in the United States include BWAY Corporation, North America Packaging Corp, Porex Corporation, Northern Pipe Products Inc., and Vinyltech Corporation.

FOR LARGE-SIZED COMPANIES

Firms that have 250 or more employees are referred to as large-sized companies. There is a total of 1,110 companies of tire, rubber, and plastic that are considered to be large scale companies in the United States. The biggest tire companies in the United States include Bridgestone Americas Inc., The Goodyear Tire & Rubber Company, Michelin North America Inc., Continental Automotive Inc., and Cooper Tire & Rubber Company Inc.

The largest rubber and plastic companies in the United States include Jarden Corporation, Berry Global Group Inc., Rubbermaid Incorporated, Griffon Corporation, and Omaha Intermediate Holding LLC.

4.0 PHARMA & BIOTECH PROCESSING

According to the 2016 Statistics of U.S. Businesses (SUSB) data presented by the Census Bureau the following is the breakdown of establishments in the pharma and biotech processing industry.

325412 – Pharmaceutical Preparation Manufacturing

  • Total: 1,017
  • 0-4: 319
  • 5-9: 168
  • 10-19: 97
  • <20: 584
  • 20-99: 208
  • 100-499: 122
  • <500: 914
  • 500+: 103

325414 – Biological Product (except Diagnostic) Manufacturing

  • Total: 235
  • 0-4: 62
  • 5-9: 29
  • 10-19: 28
  • <20: 119
  • 20-99: 47
  • 100-499: 20
  • <500: 186
  • 500+: 49

Biological Product (except Diagnostic) Manufacturing and Pharmaceutical Preparation Manufacturing

·  Total : 1,252

  • 0-4: 381
  • 5-9: 197
  • 10-19: 125
  • <20: 703
  • 20-99: 255
  • 100-499: 142
  • <500: 1100
  • 500+: 152

Therefore, in the pharma & biotech processing/manufacturing industry in the United States, there are 703 companies with less than 20 employees; 397 with between 20 and 499 employees; and 152 companies with more than 500 employees.

5.0 FOOD & BEVERAGE PROCESSING

We made assumptions in relation to the number of employees that accounts for each level of business. They are as follows:

Based on data provided by Hoovers, the only number of employees available are 11-49, 50-99, 100-499, 500-99, 1000-4999, and more than 5000 employees. Therefore, companies with 11 to 49 employees are small businesses, 100 to 499 are medium business, and 1000 to 4999 are large businesses. Using this assumption, the calculated total number of businesses for each sub-sector in the food & beverage processing industry is as follows:

Small / medium / large

  • Bakery product manufacturing – 1435 / 121 / 6
  • Animal Production – 1851 / 40 / 3
  • Dairy production – 518 / 98.5 / 9
  • Breweries – 314 / 31.5 / 2
  • Food manufacturing – 495 / 65.5 / 2
  • Fruit and vegetables processing – 490 / 94.5 / 11
  • Seafood Processing – 145 / 37.5 / 2
  • Soft drink manufacturing – 159 / 31.5 / 4
  • sugar manufacturing – NA / 9 /1
  • Poultry Manufacturing – 56 / 25 / 7

TOTAL: small (5463), medium (554), and large (47)

6.0 CONSUMER GOODS MANUFACTURING

In the Census data, the number of firms was broken down according to the size of employees. The segments provided are as follows: from 0 to 4 employees, from 5 to 9 employees, from 10 to 19 employees, from 20 to 99 employees, from 100 to 499 employees, and from 500 and above employees. According to the Trade Industry website and also from the Small Business Administration (SBA) government website, 0 to 99 employees are categorized as small businesses in the United States, 100 to 499 are considered mid-size enterprises, and 500 or more employees are large enterprises. The data we provided, therefore, follow this categorization.

From our calculation, we sum up the total companies by size for the consumer goods manufacturing industry—195,728 (total small businesses), 4,294 (total medium or mid-size businesses), and 2,133 (total large enterprises).

chemical industry, consumer goods manufacturing, food and beverage, oil and gas, pharma and biotech, plastic tire and rubber, small medium and large businesses, market research, market trends, industry statistics

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