[Ranking] TOP 25 Chemical Manufacturing / Chemicals Companies Q3/2023
Intro
Chemical Manufacturing is a vital sub-industry within the broader sector of Chemicals, playing a crucial role in the global economy. With its wide range of applications, from pharmaceuticals to plastics, this industry is deeply intertwined with numerous sectors, making it an indispensable part of our daily lives.
The influence of Chemical Manufacturing extends far beyond its immediate boundaries, creating a ripple effect that permeates diverse industries. From agriculture to energy, automotive to consumer goods, the products and innovations from this sector have a profound impact on countless sectors, driving innovation, and propelling economic growth.
The economic magnitude of the Chemical Manufacturing industry is immense and continues to grow at an impressive rate. With an ever-increasing demand for chemicals across various sectors, the global market for chemical products is projected to reach new heights in the coming years. This upward trajectory is fueled by technological advancements, population growth, and emerging markets.
The industry is currently experiencing a wave of trends, breakthroughs, and obstacles that are shaping its future. Sustainability and environmental concerns are driving the development of eco-friendly chemicals and processes. Additionally, the rise of digital technologies and automation is revolutionizing production and supply chain management. However, challenges such as stricter regulations and geopolitical tensions pose obstacles that companies in this industry must navigate.
The landscape of Chemical Manufacturing is constantly evolving, driven by innovation and changing market dynamics. The exploration of the top companies in this industry provides a unique perspective on their strategies, achievements, and contributions to the sector's growth. By examining these leading companies, we gain valuable insights into the trends and developments shaping the future of Chemical Manufacturing.
Ranking
#25 Clariant International Ltd.
Employees: 17K
Revenue: 4.4B$
Website: https://www.clariant.com
Description: Clariant International Ltd. is a chemical manufacturing company based in Muttenz, Switzerland. Since its founding in 1995, the company has become a global leader in providing specialty chemicals and solutions across various industries. With approximately 17,000 employees worldwide, Clariant operates in the Chemical Manufacturing industry, offering a wide range of products and services. The company focuses on developing innovative solutions that enhance customers' performance and create sustainable value. Clariant's revenue in 2020 reached 4.4 billion US dollars, reflecting its strong market presence and successful business operations.
#24 Celanese Corporation
Employees: 7K
Revenue: 6.8B$
Website: https://www.celanese.com
Description: Celanese Corporation, headquartered in Dallas, United States, is a leading chemical manufacturing company in the Chemicals industry. Founded in 1918, Celanese operates globally and specializes in the production of advanced engineered materials, chemicals, and specialty materials. With a workforce of approximately 7,000 employees, Celanese is committed to delivering innovative solutions to its customers across various sectors, including automotive, consumer goods, industrial, and more. The company focuses on developing sustainable and high-performance products that enhance the efficiency and performance of its customers' applications. With a revenue of 6.8 billion USD, Celanese continues to drive growth and create value by combining its technical expertise, operational excellence, and customer-centric approach.
#23 Lanxess AG
Employees: 14K
Revenue: 7.2B$
Website: https://www.lanxess.com/
Description: Lanxess AG is a leading chemical manufacturing company based in Cologne, Germany. Founded in 2004, the company has grown to become a major player in the chemicals industry. With a workforce of approximately 14,000 employees, Lanxess operates globally, providing innovative solutions and high-quality chemical products to various sectors. The company's revenue reached 7.2 billion US dollars, reflecting its strong market presence and successful business operations. Lanxess focuses on manufacturing a wide range of chemicals, including specialty chemicals, intermediates, and additives, catering to diverse industries such as automotive, construction, electronics, and agriculture. With its dedication to sustainability and continuous innovation, Lanxess remains at the forefront of the chemical manufacturing industry.
#22 Huntsman Corporation
Employees: 10K
Revenue: 9B$
Website: https://www.huntsman.com/
Description: Huntsman Corporation, headquartered in Houston, United States, is a leading chemical manufacturer operating in the Chemicals industry. Founded in 1970, the company has a workforce of approximately 10,000 employees. With annual revenue of 9 billion dollars, Huntsman Corporation specializes in the production of various chemicals, serving customers across the globe. The company's diverse product portfolio includes polyurethanes, performance products, advanced materials, and textile effects. Huntsman Corporation is committed to delivering innovative solutions to meet the evolving needs of industries such as automotive, construction, electronics, and textiles. Through its cutting-edge research and development capabilities, Huntsman Corporation aims to drive sustainability and create value for its stakeholders.
#21 Formosa Plastics Corporation
Employees: 4.6K
Revenue: 9.8B$
Website: https://www.fpc.com.tw/en/
Description: Formosa Plastics Corporation is a chemical manufacturing company based in Taipei, Taiwan. Founded in 1954, the company has grown to become one of the leading players in the chemicals industry. With a workforce of approximately 4.6 thousand employees, Formosa Plastics Corporation operates globally, serving a wide range of industries. The company specializes in the production of polyvinyl chloride (PVC), polyethylene, and other chemical products. Formosa Plastics Corporation is committed to sustainable practices and aims to minimize its environmental impact while meeting the growing demand for chemical products worldwide. With annual revenues of around 9.8 billion dollars, the company continues to expand its operations and maintain its position as a key player in the chemicals industry.
#20 Eastman Chemical Company
Employees: 14K
Revenue: 10B$
Website: https://www.eastman.com
Description: Eastman Chemical Company, headquartered in Kingsport, United States, is a leading player in the Chemical Manufacturing industry. Founded in 1920, the company has grown exponentially over the years and currently employs approximately 14,000 people worldwide. With a revenue of 10 billion US dollars, Eastman Chemical Company is known for its innovative chemical products and solutions. The company operates across various sectors within the chemical industry, catering to diverse markets such as automotive, construction, electronics, and textiles. Eastman Chemical Company is committed to sustainability and continually strives to develop environmentally friendly products and practices.
#19 Arkema SA
Employees: 20K
Revenue: 10B$
Website: https://www.arkema.com
Description: Arkema SA is a leading chemical manufacturing company headquartered in Colombes, France. With a history that dates back to 2004, the company has grown to become a major player in the chemicals industry. Arkema specializes in the production of a wide range of chemical products, including polymers, specialty chemicals, and performance materials. The company's products find applications in various sectors, such as automotive, construction, electronics, and renewable energy. With a workforce of approximately 20,000 employees, Arkema operates globally and is committed to innovation, sustainability, and customer satisfaction. With an annual revenue of 10 billion dollars, Arkema continues to drive advancements in the chemical manufacturing industry and contribute to the development of innovative solutions for a variety of industrial challenges.
#18 Solvay SA
Employees: 24K
Revenue: 10.2B$
Website: https://www.solvay.com
Description: Solvay SA is a chemical manufacturing company headquartered in Brussels, Belgium. With a history dating back to 1863, Solvay is a global leader in providing advanced materials and specialty chemicals. The company operates in the Chemical Manufacturing industry, with a focus on developing innovative solutions for various sectors including automotive, aerospace, energy, and consumer goods. Solvay's diverse portfolio encompasses products such as polymers, composites, coatings, and specialty chemicals. With over 24,000 employees worldwide, the company generates an annual revenue of 10.2 billion US dollars, driving sustainable growth and contributing to the advancement of the chemical industry.
#17 Mitsui Chemicals, Inc.
Employees: 17K
Revenue: 13B$
Website: https://www.mitsuichem.com/en/
Description: Mitsui Chemicals, Inc. is a leading chemical manufacturing company based in Tokyo, Japan. Established in 1955, the company operates in the Chemical Manufacturing industry. With a workforce of approximately 17,000 employees, Mitsui Chemicals is involved in the production and sale of a wide range of chemical products. These products find applications in various sectors such as automotive, healthcare, information technology, and packaging. The company generates an annual revenue of around 13 billion dollars, contributing significantly to the chemical industry. Mitsui Chemicals, Inc. continues to innovate and develop sustainable solutions to meet the evolving needs of its customers and contribute to a better future.
#16 Evonik Industries AG
Employees: 33K
Revenue: 13.1B$
Website: https://corporate.evonik.com/
Description: Evonik Industries AG is a leading chemical manufacturing company based in Essen, Germany. Founded in 2007, the company has grown to become a major player in the chemicals industry. With headquarters in Essen, Evonik operates in Europe and serves customers worldwide. The company employs approximately 33,000 people, making it a significant employer in the industry. Evonik generates an annual revenue of 13.1 billion dollars, showcasing its strong financial performance. With a focus on innovation and sustainability, Evonik continues to develop and manufacture a wide range of chemical products that cater to various industries and sectors.
#15 Sumitomo Chemical Co., Ltd.
Employees: 39K
Revenue: 19B$
Website: https://www.sumitomo-chem.co.jp/english/
Description: Sumitomo Chemical Co., Ltd. is a leading chemical manufacturing company based in Tokyo, Japan. Founded in 1913, the company has grown to become a major player in the chemicals industry. With a workforce of approximately 39,000 employees, Sumitomo Chemical is dedicated to developing innovative solutions and technologies for various sectors. The company focuses on manufacturing a wide range of chemical products, including petrochemicals, plastics, agricultural chemicals, and pharmaceuticals. Sumitomo Chemical's commitment to sustainability and responsible business practices has made it a trusted name in the industry. With an annual revenue of approximately 19 billion dollars, Sumitomo Chemical continues to drive growth and contribute to the advancement of the chemicals sector.
#14 DuPont De Nemours, Inc.
Employees: 35K
Revenue: 20B$
Website: https://www.dupont.com
Description: DuPont De Nemours, Inc. is a leading company in the Chemical Manufacturing industry. Headquartered in Wilmington, United States, the company was founded in 1802. With approximately 35,000 employees, DuPont De Nemours operates in various sectors of the Chemicals industry. The company is known for its innovative products and solutions, ranging from industrial chemicals to advanced materials. DuPont De Nemours has a strong presence in North America and globally, providing high-quality and sustainable chemical products to its customers. With a revenue of 20 billion dollars, the company continues to be a major player in the Chemical Manufacturing industry.
#13 Air Liquide SA
Employees: 67K
Revenue: 27B$
Website: https://www.airliquide.com/
Description: Air Liquide SA is a leading company in the Chemical Manufacturing industry. Headquartered in Paris, France, the company operates in the European continent. With a rich history dating back to its founding in 1902, Air Liquide has grown to become a major player in the industry. The company employs approximately 67,000 employees worldwide, making it one of the largest employers in the sector. Air Liquide generates a significant annual revenue of 27 billion U.S. dollars, solidifying its position as a key revenue generator in the Chemical Manufacturing industry.
#12 Linde Plc
Employees: 80K
Revenue: 28B$
Website: https://www.linde.com
Description: Linde Plc, headquartered in Munich, Germany, is a leading chemical manufacturing company in the Chemicals industry. With a history dating back to 1879, Linde has established itself as a pioneer in the field. The company boasts a workforce of approximately 80,000 employees, who are dedicated to delivering innovative solutions and products to meet the diverse needs of their customers. Linde operates across the globe, offering a wide range of chemical products and services that cater to various industries, including healthcare, electronics, and manufacturing. With annual revenues reaching 28 billion dollars, Linde continues to drive growth and maintain its position as a key player in the chemical manufacturing sector.
#11 Sasol Limited
Employees: 30K
Revenue: 28B$
Website: https://www.sasol.com
Description: Sasol Limited, headquartered in Johannesburg, South Africa, is a leading company in the Chemical Manufacturing industry. Founded in 1950, Sasol has grown to become a major player in the sector. With approximately 30,000 employees, the company operates on a large scale, producing a wide range of chemicals and related products. Sasol's revenue in the most recent fiscal year reached 28 billion US dollars, making it one of the top performers in the industry. The company's commitment to innovation and sustainability has enabled it to maintain a strong market position and deliver high-quality products to its customers globally.
#10 LyondellBasell Industries NV
Employees: 13K
Revenue: 39B$
Website: https://www.lyondellbasell.com
Description: LyondellBasell Industries NV is a leading chemical manufacturing company headquartered in Houston, United States. Since its founding in 2007, the company has grown to employ approximately 13,000 people globally. With a revenue of 39 billion dollars, LyondellBasell operates in the Chemical Manufacturing industry, focusing on the production of polymers, chemicals, and refining products. The company's diverse product portfolio includes polyethylene, polypropylene, propylene oxide, ethylene glycol, and more. LyondellBasell serves various sectors such as packaging, automotive, construction, electronics, and agriculture, providing innovative solutions to meet the evolving needs of its customers. With its commitment to sustainability and safety, LyondellBasell continues to be a key player in the chemical manufacturing industry, driving innovation and contributing to economic growth.
#9 Ineos Group Holdings SA
Employees: 22K
Revenue: 40B$
Website: https://www.ineos.com
Description: Ineos Group Holdings SA, headquartered in Lausanne, Switzerland, is a major player in the Chemical Manufacturing industry. Founded in 1998, the company boasts a workforce of approximately 22,000 employees. With a revenue of around 40 billion dollars, Ineos has established itself as a leading global chemical manufacturer. The company operates across multiple continents, including Europe, North America, and Asia, producing a wide range of chemical products used in various sectors such as automotive, construction, packaging, and healthcare. Ineos is known for its commitment to innovation, sustainability, and safety, continuously striving to meet the evolving needs of its customers while minimizing its environmental impact.
#8 SABIC
Employees: 34K
Revenue: 40B$
Website: https://www.sabic.com
Description: SABIC is a leading chemical manufacturing company based in Riyadh, Saudi Arabia. With its headquarters in Asia, SABIC has been in operation since 1976. The company boasts a workforce of approximately 34,000 employees and generates an annual revenue of around 40 billion dollars. SABIC specializes in the production of chemicals, including polymers, fertilizers, and industrial gases. They also offer a wide range of downstream products and solutions for various industries such as automotive, construction, and packaging. SABIC's commitment to innovation, sustainability, and customer satisfaction has made them a prominent player in the chemical manufacturing industry.
#7 Dow Inc.
Employees: 36K
Revenue: 42.9B$
Website: https://www.dow.com
Description: Dow Inc. is a global chemical manufacturing company headquartered in Midland, United States. Founded in 1897, the company has a rich history in the chemical industry. With approximately 36,000 employees, Dow Inc. operates in the Chemical Manufacturing industry, focusing on the production of a wide range of chemicals and materials. The company's portfolio includes products for various sectors, including agriculture, automotive, construction, electronics, and packaging. Dow Inc. is known for its innovative solutions and commitment to sustainability. With annual revenue of 42.9 billion dollars, Dow Inc. is a major player in the chemical manufacturing industry.
#6 Bayer AG
Employees: 100K
Revenue: 43.5B$
Website: https://www.bayer.com/
Description: Bayer AG, headquartered in Leverkusen, Germany, is a leading chemical manufacturing company in the Chemicals industry. Founded in 1863, Bayer has a workforce of approximately 100,000 employees worldwide. The company generates an annual revenue of 43.5 billion US dollars. Bayer is dedicated to developing innovative solutions and products in various sectors, including healthcare, agriculture, and high-performance materials. They are committed to sustainability and actively contribute to improving the quality of life for people around the globe through their research and development efforts. With a strong focus on scientific advancements, Bayer continues to be a key player in the chemical manufacturing industry, driving growth and innovation.
#5 Mitsubishi Chemical Holdings Corporation
Employees: 40K
Revenue: 50B$
Website: https://www.mitsubishichem-hd.co.jp/english/
Description: Mitsubishi Chemical Holdings Corporation, headquartered in Tokyo, Japan, is a leading company in the Chemical Manufacturing industry. Founded in 1933, it has grown to become a global player in the sector. With approximately 40,000 employees, the company operates in various segments including Performance Products, Industrial Materials, Health Care, and more. Mitsubishi Chemical Holdings Corporation is known for its innovative solutions and high-quality products. The company's revenue stands at around 50 billion dollars, making it one of the major players in the industry. Through its diverse portfolio and commitment to sustainability, Mitsubishi Chemical Holdings Corporation continues to drive advancements in the Chemical Manufacturing sector.
#4 BASF SE
Employees: 117K
Revenue: 68.9B$
Website: https://www.basf.com
Description: BASF SE, headquartered in Ludwigshafen, Germany, is a leading chemical manufacturing company operating in the Chemicals industry. With a rich history dating back to 1865, BASF has established itself as a global leader in providing innovative solutions and products to various sectors. The company employs approximately 117,000 people worldwide, contributing to its annual revenue of 68.9 billion dollars. BASF's diverse portfolio includes chemicals, plastics, performance products, agricultural solutions, and oil and gas. Through its commitment to sustainability and research and development, BASF continues to drive advancements in the chemical manufacturing industry, delivering value to its customers and stakeholders.
#3 Reliance Industries Limited
Employees: 195K
Revenue: 87.9B$
Website: https://www.ril.com
Description: Reliance Industries Limited is a chemical manufacturing company headquartered in Mumbai, India. Founded in 1966, the company has grown to become one of the largest conglomerates in India. With approximately 195,000 employees, Reliance Industries operates in the Chemicals industry, specializing in the manufacturing of a wide range of chemical products. The company's annual revenue is estimated at 87.9 billion USD. Reliance Industries is known for its commitment to innovation and sustainability, as well as its strong presence in the global market.
#2 Exxon Mobil Corporation
Employees: 70K
Revenue: 265B$
Website: https://corporate.exxonmobil.com/
Description: Exxon Mobil Corporation is a leading player in the Chemical Manufacturing industry. Headquartered in Irving, United States, the company operates globally with a strong presence in North America. Since its founding in 1999, Exxon Mobil has grown to become one of the largest chemical manufacturers in the world. With around 70,000 employees, the company is dedicated to producing a wide range of chemicals used in various sectors, including industrial, consumer, and automotive. Exxon Mobil Corporation has achieved significant revenue growth, reaching approximately 265 billion dollars annually. Through its innovative and sustainable chemical manufacturing processes, the company continues to contribute to the advancement of the industry.
#1 Sinopec Corp.
Employees: 600K
Revenue: 400B$
Website: https://www.sinopec.com
Description: Sinopec Corp. is a leading chemical manufacturing company based in Beijing, China. With its headquarters in Asia, Sinopec Corp. operates in the Chemicals industry. The company was founded in 2000 and currently employs approximately 600,000 employees. Sinopec Corp. generates a revenue of 400 billion USD. The company is involved in various activities within the chemical manufacturing sector, focusing on the production and distribution of a wide range of chemical products. Sinopec Corp. plays a significant role in the global chemical manufacturing market and continues to expand its operations and innovations in the industry.
Summary
The chemical manufacturing industry is a crucial sector within the broader chemicals industry. It encompasses a wide range of companies involved in the production of various chemicals and chemical products. Forbes recently analyzed this sub-industry to identify the top companies that are leading the way in terms of revenue, market share, and overall success.
One of the unexpected findings from the analysis was the continued dominance of multinational conglomerates in the chemical manufacturing sector. These companies have the resources and capabilities to invest heavily in research and development, as well as global distribution networks. As a result, they are able to maintain their market positions and drive innovation in the industry.
Among the premier companies in the chemical manufacturing sub-industry is Company A. With a strong focus on sustainable practices and technological advancements, Company A has managed to carve out a significant market share. Their commitment to environmental responsibility and product quality has earned them a reputation as a trusted leader in the industry.
One common element driving the prosperity of the top chemical manufacturing firms is their ability to adapt to changing market demands. These companies are constantly investing in research and development to create new and improved products that meet evolving customer needs. Additionally, they prioritize operational efficiency to optimize production processes and reduce costs.
What sets these eminent chemical manufacturing companies apart from their rivals is their commitment to innovation. They are constantly pushing the boundaries of what is possible in terms of chemical production and finding new applications for their products. This forward-thinking mindset allows them to stay ahead of the competition and maintain their status as industry leaders.