List of largest chemical producers

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The Friedrich-Engelhorn-Hochhaus, headquarters of BASF from 1957 to 2013 Ludwigshafen Friedrich-Engelhorn-Hochhaus 20100709.jpg
The Friedrich-Engelhorn-Hochhaus, headquarters of BASF from 1957 to 2013

Chemical & Engineering News publishes an annual list of the world's largest chemical producers by sales, excluding formulated products such as pharmaceutical drugs and coatings. [1] In 2018, sales of the top fifty companies amounted to US$ 951,000,000,000, an increase of 11.8% compared to the top fifty producers of 2017. [2] The American Chemistry Council estimated that global chemical sales in 2014 rose by 3.7% to US$ 5,389,000,000,000. [3]

Contents

In 2018, Forty-eight of the companies on the list disclosed chemical profits, which totaled US$ 110,100,000,000, an increase of 1.3% from 2017. The average profit margin for chemical operations for these companies was 9.6%. [1]

Top fifty producers by sales (2021)

Rank [4] CompanyChemical sales in 2021
USD millions [A]
Change from 2020
in percent
Headquarters
1 BASF 92,982



Increase2.svg32.9%Flag of Germany.svg  Germany, Ludwigshafen am Rhein
2 Sinopec 65,848Increase2.svg31.9%Flag of the People's Republic of China.svg  China, Beijing
3 Dow 54,968Increase2.svg42.6%Flag of the United States.svg  United States, Midland, Michigan
4 SABIC 43,230Increase2.svg50.1%Flag of Saudi Arabia.svg  Saudi Arabia, Riyadh
5 Formosa Plastics 43,173Increase2.svg47.8%Flag of the Republic of China.svg  Taiwan, Taipei
6 Ineos 39,937Increase2.svg121%Flag of the United Kingdom.svg  United Kingdom, London
7 Petrochina 39,693Increase2.svg41.7%Flag of the People's Republic of China.svg  China, Beijing
8 LyondellBasell Industries 38,995Increase2.svg66.6%Flag of the United States.svg  United States, Houston, Texas
9 LG Chem 37,257Increase2.svg41.8%Flag of South Korea.svg  South Korea, Seoul
10 ExxonMobil 36,858Increase2.svg59.6%Flag of the United States.svg  United States, Irving, Texas
11 Mitsubishi Chemical Group 30,719Increase2.svg24.8%Flag of Japan.svg  Japan, Tokyo
12 Hengli Petrochemical 27,961Increase2.svg31.9%Flag of the People's Republic of China.svg  China, Suzhou
13 Linde 27,926Increase2.svg14.5%Flag of Ireland.svg  Ireland, Dublin
14 Air Liquide 27,148Increase2.svg13.4%Flag of France.svg  France, Paris
15 Syngenta 24,900Increase2.svg20.9%Flag of Switzerland (Pantone).svg  Switzerland, Basel
16 Reliance Industries 22,583Increase2.svg65.6%Flag of India.svg  India, Mumbai
17 Wanhua 22,561Increase2.svg98.2%Flag of the People's Republic of China.svg  China, Yantai
18 Braskem 19,575Increase2.svg80.4%Flag of Brazil.svg  Brazil, São Paulo
19 Sumitomo Chemical 19,176Increase2.svg24.7%Flag of Japan.svg  Japan, Tokyo and Osaka
20 Shin-Etsu Chemical 18,885Increase2.svg38.6%Flag of Japan.svg  Japan, Tokyo
21 Covestro 18,813Increase2.svg48.5%Flag of Germany.svg  Germany, Leverkusen
22 Toray Industries 17,856Increase2.svg20.9%Flag of Japan.svg  Japan, Tokyo
23 Evonik Industries 17,692Increase2.svg22.6%Flag of Germany.svg  Germany, Essen
24 Shell 16,993Increase2.svg45.0%Flag of the United Kingdom.svg  United Kingdom, London
25 DuPont 16,653Decrease2.svg18.4%Flag of the United States.svg  United States, Wilmington, Delaware
26 Yara 16,617Increase2.svg43.4%Flag of Norway.svg  Norway, Oslo
27 Rongsheng Petrochemical 16,001Increase2.svg59.6%Flag of the People's Republic of China.svg  China, Hangzhou
28 Lotte Chemical 15,827Increase2.svg48.2%Flag of South Korea.svg  South Korea, Seoul
29 Mitsui Chemicals 14,681Increase2.svg33.1%Flag of Japan.svg  Japan, Tokyo
30 Indorama Ventures 14,626Increase2.svg41.2%Flag of Thailand.svg  Thailand, Bangkok
31 Chevron Phillips Chemical 14,104Increase2.svg67.1%Flag of the United States.svg  United States, The Woodlands, Texas
32 Umicore 13,567Increase2.svg34.4%Flag of Belgium (civil).svg  Belgium, Brussels
33 Solvay 13,527Increase2.svg17.7%Flag of Belgium (civil).svg  Belgium, Brussels
34 Bayer 12,743Increase2.svg9.7%Flag of Germany.svg  Germany, Leverkusen
35 Mosaic 12,357Increase2.svg42.3%Flag of the United States.svg  United States, Plymouth, Minnesota
36 Nutrien 11,590Increase2.svg62.0%Flag of Canada (Pantone).svg  Canada, Saskatoon
37 Arkema 11,261Increase2.svg20.7%Flag of France.svg  France, Colombes
38 Asahi Kasei 10,908Increase2.svg20.9%Flag of Japan.svg  Japan, Tokyo
39 DSM 10,888Increase2.svg13.5%Flag of the Netherlands.svg  Netherlands, Heerlen
39 Hanwha Solutions 10,888Increase2.svg22.8%Flag of South Korea.svg  South Korea, Seoul
41 Eastman Chemical 10,476Increase2.svg23.6%Flag of the United States.svg  United States, Kingsport, Tennessee
42 Johnson Matthey 10,412Decrease2.svg2.48%Flag of the United Kingdom.svg  United Kingdom, London
43 Air Products 10,323Increase2.svg16.6%Flag of the United States.svg  United States, Allentown, Pennsylvania
44 Eurochem 14,269Increase2.svg22.6%Flag of Switzerland (Pantone).svg  Switzerland, Zug
45 Borealis 10,164Increase2.svg26.0%Flag of Austria.svg  Austria, Vienna
46 PTT Global Chemical 16,521Increase2.svg51.7%Flag of Thailand.svg  Thailand, Bangkok
47 Sasol 9,011Increase2.svg10.8%Flag of South Africa.svg  South Africa, Johannesburg
48 Tongkun Group 8,996Increase2.svg28.5%Flag of the People's Republic of China.svg  China, Tongxiang
49 Lanxess 8,940Increase2.svg23.8%Flag of Germany.svg  Germany, Cologne
50 Hengyi Petrochemical 8,858Increase2.svg66.8%Flag of the People's Republic of China.svg  China, Hangzhou

Top fifty producers by sales (2018)

RankCompanyChemical sales in 2018
USD millions [A]
Change from 2017
in percent
Headquarters
1 DowDuPont 85,97737.6 Flag of the United States.svg Midland, Michigan, US
2 BASF 74,0662.4 Flag of Germany.svg Ludwigshafen, Germany
3 Sinopec 69,21022.4 Flag of the People's Republic of China.svg Beijing, China
4 Sabic 42,12012 Flag of Saudi Arabia.svg Riyadh, Saudi Arabia
5 Ineos 36,9702.1 Flag of the United Kingdom.svg London, UK
6 Formosa Plastics [B] 36,89113.8 Flag of the Republic of China.svg Taipei, Taiwan
7 ExxonMobil Chemical 32,44313.1 Flag of the United States.svg Irving, Texas, US
8 LyondellBasell Industries 30,7838.7 Flag of the United States.svg Houston, Texas US/ Flag of the Netherlands.svg Rotterdam, Netherlands
9 Mitsubishi Chemical 28,7477.1 Flag of Japan.svg Tokyo, Japan
10 DuPont 25,93537.6 Flag of the United States.svg Wilmington, Delaware, US
11 LG Chem 25,6379.7 Flag of South Korea.svg Seoul, South Korea
12 Reliance Industries 25,16737.3 Flag of India.svg Mumbai, India
13 PetroChina 24,849n/a Flag of the People's Republic of China.svg Beijing, China
14 Air Liquide 24,3222.8 Flag of France.svg Paris, France
15 Toray Industries 18,6518.7 Flag of Japan.svg Tokyo, Japan
16 Evonik Industries 17,7554.2 Flag of Germany.svg Essen, Germany
17 Covestro 17,2733.4 Flag of Germany.svg Leverkusen, Germany
18 Bayer [C] 16,85949 Flag of Germany.svg Leverkusen, Germany
19 Sumitomo Chemical 16,0818.7 Flag of Japan.svg Tokyo, Japan
20 Braskem 15,88517.7 Flag of Brazil.svg São Paulo, Brazil
21 Lotte Chemical 15,0514.2 Flag of South Korea.svg Seoul, South Korea
22 Linde plc 14,90030.3 Flag of the United States.svg Flag of Germany.svg Dublin, Ireland
23 Shin-Etsu Chemical [C] 14,43910.6 Flag of Japan.svg Tokyo, Japan
24 Mitsui Chemicals 13,43211.6 Flag of Japan.svg Tokyo, Japan
25 Solvay 13,3533.7 Flag of Belgium (civil).svg Brussels, Belgium
26 Yara 12,92813.8 Flag of Norway.svg Oslo, Norway
27 Chevron Phillips Chemical 11,31024.8 Flag of the United States.svg The Woodlands, Texas, US
28 DSM 10,9517.4 Flag of the Netherlands.svg Heerlen, Netherlands
29 Indorama 10,74721.2 Flag of Indonesia.svg Jakarta, Indonesia
30 Asahi Kasei 10,6548.1 Flag of Japan.svg Tokyo, Japan
31 Arkema 10,4185.9 Flag of France.svg Colombes, France
32 Syngenta 10,41312.6 Flag of Switzerland (Pantone).svg Basel, Switzerland
33 Eastman Chemical 10,1516.3 Flag of the United States.svg Kingsport, Tennessee, US
34 Borealis 9,85210.2 Flag of Austria.svg Vienna, Austria
35 SK Innovation 9,71914.4 Flag of South Korea.svg Seoul, South Korea
36 Mosaic 9,58729.4 Flag of the United States.svg Tampa, Florida, US
37 Huntsman 9,37912.2 Flag of the United States.svg The Woodlands, Texas, US
38 Wanhua Chemical 9,17214.1 Flag of the People's Republic of China.svg Yantai, China
39 PTT Global Chemical 8,96915.7 Flag of Thailand.svg Bangkok, Thailand
40 Ecolab [C] 8,96411 Flag of the United States.svg Saint Paul, Minnesota, US
41 Air Products & Chemicals 8,9309.1 Flag of the United States.svg Allentown, Pennsylvania, US
42 Westlake Chemical 8,6357.4 Flag of the United States.svg Houston, US
43 Lanxess 8,505-25.5 Flag of Germany.svg Cologne, Germany
44 Nutrien 8,13075.9 Flag of Canada (Pantone).svg Saskatoon, Canada
45 Umicore [C] 8,11327.1 Flag of Belgium (civil).svg Brussels, Belgium
46 Sasol 8,1104.2 Flag of South Africa.svg Sandton, South Africa
47 Tosoh 7,8034.7 Flag of Japan.svg Tokyo, Japan
48 Johnson Matthey [C] 7,57916.1 Flag of the United Kingdom.svg London, UK
49 DIC 7,2962 Flag of Japan.svg Tokyo, Japan
50 Hanwha Chemical [D] 7,2733.3 Flag of South Korea.svg Seoul, South Korea
51 Celanese 7,15516.5 Flag of the United States.svg Irving, Texas, US
A. ^ Some figures converted at 2018 average exchange rates of US$ 1.00 = R$ 3.6513 Brazilian, RMB  6.609, 0.8462, 67.16, ¥ 110.1, 1,099.29, SRls  3.75, R  13.2255, SFr  0.9784, NT$ 30.129, and ฿ 32.303. [1]
B. ^ Estimate by Chemical and Engineering News. [1]
C. ^ Sales include a significant amount of non-chemical products. [1]
D. ^ Chemical sales less administrative expenses and cost of sales. [1]

Largest companies since 1988

Since Chemical & Engineering News began keeping records in 1989, BASF has been the world's largest chemical producer by annual sales more frequently than any other company. The other companies that have headed the list are Dow Chemical, DowDuPont (which broke up into Dow, a new DuPont, and Corteva Agriscience in 2019), Hoechst (which merged with Rhône-Poulenc in 1999 and is now a subsidiary of Sanofi), ICI (acquired by AkzoNobel in 2008) and Bayer.

YearCompanyChemical sales
USD millions [A]
Source
1988Bayer22,694 [5]
1989BASF17,122 [6]
1990BASF18,520 [7]
1991ICI18,127 [8]
1992BASF22,883 [9]
1993Hoechst16,682 [10]
1994Hoechst19,702 [11]
1995BASF22,030 [12]
1996BASF26,519 [13]
1997BASF27,047 [14]
1998BASF27,740 [15]
1999BASF31,250 [16]
2000BASF30,791 [17]
2001Dow Chemical27,805 [18]
2002Dow Chemical27,609 [19]
2003Dow Chemical32,632 [20]
2004Dow Chemical40,161 [21]
2005Dow Chemical46,307 [22]
2006BASF49,516 [23]
2007BASF65,037 [24]
2008BASF70,485 [25]
2009BASF54,817 [26]
2010BASF70,391 [27]
2011BASF85,603 [28]
2012BASF79,760 [29]
2013BASF78,615 [30]
2014BASF78,698 [31]
2015BASF63,749 [32]
2016BASF60,653 [33]
2017BASF69,195 [2]
2018DowDuPont85,977 [1]
2019BASF66,400 [34]
2020BASF67,500 [35]
2021BASF92,982 [4]
A. ^ Foreign currencies converted to USD using average exchange rates of that year.

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