List of largest chemical producers

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 2017, sales of the top fifty companies amounted to US$851,000,000,000, an increase of 14.3% compared to the top fifty producers of 2016.[2] The American Chemistry Council estimated that global chemical sales in 2014 rose by 3.7% to US$5,389,000,000,000.[3]

In 2017, BASF was the world's largest chemical producer for the twelfth year in a row.[2] In 2017, More than half of the companies on the list were headquartered in the United States (twelve), Japan (eight) or Germany (six); eighteen countries in total were represented.[2]

In 2017, Forty-eight of the companies on the list disclosed chemical profits, which totaled US$108,600,000,000, an increase of 10.6% from 2016. The average profit margin for chemical operations for these companies was 13.4%.[2]

The top fifty producers in 2017 by sales

Rank Company Chemical sales in 2017
USD millions[A]		 Change from 2016 Headquarters
1 BASF 69,195 11.80% Germany Ludwigshafen, Germany
2 DowDuPont[B][C] 62,484 29.7 United States Midland, USA
3 Sinopec 55,323 31.5 China Beijing, China
4 SABIC 37,620 5.3 Saudi Arabia Riyadh, Saudi Arabia
5 Ineos 34,635 26.8 Switzerland Rolle, Switzerland
6 Formosa Plastics 32,118 14.1 Taiwan Taipei, Taiwan
7 ExxonMobil 28,694 10.1 United States Irving, USA
8 LyondellBasell 28,319 15 United States Houston, USA
9 Mitsubishi Chemical 26,422 12.6 Japan Tokyo, Japan
10 LG Chem 23,217 24.8 South Korea Seoul, South Korea
11 Air Liquide 22,617 13.3 France Paris, France
12 Reliance Industries 17,555 31.9 India Mumbai, India
13 DuPont[B] 17,281 -25.5 United States Wilmington, USA
14 The Linde Group 16,938 0.6 Germany Munich, Germany
15 Toray Industries 16,903 8.8 Japan Tokyo, Japan
16 AkzoNobel[B] 16,471 2.7 Netherlands Amsterdam, Netherlands
17 Evonik Industries 16,294 13.3 Germany Essen, Germany
18 Covestro 15,977 18.8 Germany Leverkusen, Germany
19 Braskem 15,437 3.3 Brazil São Paulo, Brazil
20 PPG Industries 14,750 3.4 United States Pittsburgh, USA
21 Sumitomo Chemical 14,572 12.2 Japan Tokyo, Japan
22 Lotte Chemical 14,060 20 South Korea Seoul, South Korea
23 Shin-Etsu Chemical 12,858 16.5 Japan Tokyo, Japan
24 Solvay 12,308 -4.5 Belgium Brussels, Belgium
25 Mitsui Chemicals 11,851 9.6 Japan Tokyo, Japan
26 Praxair 11,437 8.6 United States Danbury, USA
27 Yara International 11,347 -3.5 Norway Oslo, Norway
28 Lanxess 10,921 25.5 Germany Cologne, Germany
29 Bayer 10,823 -3.4 Germany Leverkusen, Germany
30 DSM 9,755 9 Netherlands Heerlen, Netherlands
31 Asahi Kasei 9,703 11.3 Japan Tokyo, Japan
32 Eastman Chemical 9,549 6 United States Kingsport, USA
33 Arkema 9,409 10.5 France Colombes, France
34 Syngenta 9,244 -2.4 Switzerland Basel, Switzerland
35 Chevron Phillips Chemical 9,063 7.2 United States The Woodlands, USA
36 Borealis 8,548 4.8 Austria Vienna, Austria
37 Indorama Ventures 8,443 12.5 Thailand Bangkok, Thailand
38 SK Innovation 8,272 21.5 South Korea Seoul, South Korea
39 Huntsman 8,208 -15 United States The Woodlands, USA
40 Air Products & Chemicals 8,188 -4.3 United States Allentown, USA
41 Ecolab 8,078 5.6 United States St. Paul, USA
42 Westlake Chemical 8,041 58.4 United States Houston, USA
43 Wanhua Group 7,862 76.5 China Yantai, China
44 Sasol 7,743 -1.9 South Africa Sandton, South Africa
45 Mosaic 7,409 3.4 United States Plymouth, USA
46 PTT Global Chemical 7,385 15.5 Thailand Bangkok, Thailand
47 Tosoh 7,340 10.7 Japan Tokyo, Japan
48 DIC 7,042 5.1 Japan Tokyo, Japan
49 Hanwha Chemical 6,858 -0.5 South Korea Seoul, South Korea
50 Clariant 6,479 9.1 Switzerland Muttenz, Switzerland
A.^ Some figures converted at 2016 average exchange rates of US$1 = R$3.4839 Brazilian, £0.7377, CN¥ 6.64 Chinese, €0.9032, ₹67.16 Indian, ¥108.66, ₩1,159.34, kr 8.3936, 3.75 Saudi riyals, CHF 0.9848, NT$32.226, and ฿35.264.[2]
B.^ Estimate by Chemical and Engineering News.[2]
C.^ Sales include a significant amount of non-chemical products.[2]

The largest companies before 2014

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, Hoechst (which merged with Rhône-Poulenc in 1999 and is now a subsidiary of Sanofi), ICI (acquired by AkzoNobel in 2008) and Bayer.

Year Company Chemical sales
USD millions[A]		 Source
1988 Bayer 22,694 [4]
1989 BASF 17,122 [5]
1990 BASF 18,520 [1]
1991 ICI 18,127 [6]
1992 BASF 22,883 [7]
1993 Hoechst 16,682 [8]
1994 Hoechst 19,702 [9]
1995 BASF 22,030 [10]
1996 BASF 26,519 [11]
1997 BASF 27,047 [12]
1998 BASF 27,740 [13]
1999 BASF 31,250 [14]
2000 BASF 30,791 [15]
2001 Dow Chemical 27,805 [16]
2002 Dow Chemical 27,609 [17]
2003 Dow Chemical 32,632 [18]
2004 Dow Chemical 40,161 [19]
2005 Dow Chemical 46,307 [20]
2006 BASF 49,516 [21]
2007 BASF 65,037 [22]
2008 BASF 70,485 [23]
2009 BASF 54,817 [24]
2010 BASF 70,391 [25]
2011 BASF 85,603 [26]
2012 BASF 79,760 [27]
2013 BASF 78,615 [28]
2014 BASF 78,698 [29]
2015 BASF 63,749 [30]
2016 BASF 60,653 [31]
2017 BASF 69,195 [2]
A.^ Foreign currencies converted to USD using average exchange rates of that year.

References

  1. 1 2 Layman, Patricia L. (5 August 1991). "German Firms Continue To Dominate Global Top 50 Chemical Producers". Chemical & Engineering News. American Chemical Society.
  2. 1 2 3 4 5 6 7 8 Tullo, Alexander H. (30 July 2018). "C&EN's Global Top 50 chemical companies". Chemical & Engineering News. American Chemical Society. Retrieved 8 October 2018.
  3. ↑ Davis, Nigel (7 September 2015). "ICIS Top 100 Chemical Companies". ICIS Chemical Business. Reed Business Information.
  4. ↑ Aftalion, Fred (1991). History of the international chemical industry. Philadelphia: University of Pennsylvania Press. p. 375. ISBN 0-81-228207-8.
  5. ↑ Layman, Patricia; Storck, William (5 November 1990). "Europe dominates global chemical sales". Chemical & Engineering News. American Chemical Society. Retrieved 22 August 2014.
  6. ↑ Layman, Patricia L. (7 September 1992). "Shifts in Rankings, Losses Mark Global Top 50 list". Chemical & Engineering News. American Chemical Society.
  7. ↑ Layman, Patricia L. (26 July 1993). "Sales Up, Profitability Suffers For Global Top 50 Chemical Makers". Chemical & Engineering News. American Chemical Society.
  8. ↑ Layman, Patricia L. (25 July 1994). "Global Top 50 Chemical Producers Troubled By Low Prices, Slow Economies". Chemical & Engineering News. American Chemical Society.
  9. ↑ Layman, Patricia L. (24 July 1995). "Global Top 50 Chemical Producers Show Rise In Profits And Sales". Chemical & Engineering News. American Chemical Society.
  10. ↑ Layman, Patricia L. (22 July 1996). "Global Top 50 Chemical Producers Shift Rankings During Profitable 1995". Chemical & Engineering News. American Chemical Society.
  11. ↑ Layman, Patricia L. (21 July 1997). "Slowdown for global top 50". Chemical & Engineering News. American Chemical Society.
  12. ↑ Layman, Patricia (20 July 1998). "Global top 50 chemical producers". Chemical & Engineering News. American Chemical Society.
  13. ↑ Layman, Patricia L. (26 July 1999). "BASF still tops global top 50". Chemical & Engineering News. American Chemical Society.
  14. ↑ Short, Patricia L. (24 July 2000). "Global top 50: BASF retains apex". Chemical & Engineering News. American Chemical Society.
  15. ↑ Short, Patricia L. (23 July 2001). "Global top 50". Chemical & Engineering News. American Chemical Society.
  16. ↑ Short, Patricia L. (29 July 2002). "Global top 50". Chemical & Engineering News. American Chemical Society.
  17. ↑ Short, Patricia L. (28 July 2003). "Global top 50". Chemical & Engineering News. American Chemical Society.
  18. ↑ Short, Patricia L. (19 July 2004). "Global top 50". Chemical & Engineering News. American Chemical Society.
  19. ↑ Tullo, Alexander H. (16 May 2005). "Global top 50". Chemical & Engineering News. American Chemical Society.
  20. ↑ Short, Patricia L. (24 July 2006). "Global top 50". Chemical & Engineering News. American Chemical Society.
  21. ↑ Short, Patricia L. (6 August 2007). "'Top 50' correction". Chemical & Engineering News. American Chemical Society.
  22. ↑ Short, Patricia L. (28 July 2008). "Global top 50". Chemical & Engineering News. American Chemical Society.
  23. ↑ Tullo, Alexander H. (3 August 2009). "Global top 50". Chemical & Engineering News. American Chemical Society.
  24. ↑ Tullo, Alexander H. (26 July 2010). "Global top 50". Chemical & Engineering News. American Chemical Society.
  25. ↑ Tullo, Alexander H. (25 July 2011). "Global top 50". Chemical & Engineering News. American Chemical Society.
  26. ↑ Tullo, Alexander H. (30 July 2012). "Global top 50". Chemical & Engineering News. American Chemical Society.
  27. ↑ Tullo, Alexander H. (29 July 2013). "Global top 50". Chemical & Engineering News. American Chemical Society.
  28. ↑ Tullo, Alexander H. (28 July 2014). "C&EN's Global Top 50 Chemical Firms For 2014". Chemical & Engineering News. American Chemical Society. Retrieved 22 August 2014.
  29. ↑ Tullo, Alexander H. (27 July 2015). "Global Top 50". Chemical & Engineering News. 93 (30). p. 16.
  30. ↑ Tullo, Alexander H. (25 July 2016). "C&EN's Global Top 50". Chemical & Engineering News. 94 (30). p. 35.
  31. ↑ Tullo, Alexander H. (24 July 2017). "C&EN's Global Top 50 chemical companies of 2016". Chemical & Engineering News. Retrieved 9 October 2018.
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