[Ranking] TOP 25 Commodity Chemicals / Chemicals Companies Q3/2023
Intro
The commodity chemicals sub-industry is a critical component of the global economy, providing essential raw materials for a wide range of industries. Commodity chemicals are the building blocks of countless products, including plastics, fertilizers, and textiles. Without these chemicals, many everyday items that we rely on would simply not exist.
The influence of the commodity chemicals industry extends far beyond its immediate customers. Its ripple effects can be felt across diverse sectors, from agriculture to manufacturing to healthcare. For example, commodity chemicals are vital for the production of pharmaceuticals, enabling the development of life-saving drugs that improve the well-being of millions of people worldwide.
With a market value in the billions of dollars, the commodity chemicals industry is experiencing a steady upward trajectory. The demand for these chemicals continues to grow as global populations increase and new markets emerge. As developing countries strive to modernize and improve their standards of living, they rely on commodity chemicals to fuel their industries and meet the needs of their expanding populations.
Recent trends in the commodity chemicals industry reflect a growing emphasis on sustainability and environmental responsibility. Companies are investing in research and development to discover innovative processes and materials that minimize their ecological footprint. Additionally, breakthroughs in technology are enabling the production of commodity chemicals in a more efficient and environmentally friendly manner.
The landscape of the commodity chemicals industry is constantly evolving, driven by changing market dynamics and emerging technologies. As new companies enter the market and established players adapt to meet evolving demands, the industry landscape is continuously shaped and reshaped. Exploring the top companies in this sub-industry provides valuable insights into the current state of the industry and its future prospects.
Ranking
#25 Huntsman Corporation
Employees: 10K
Revenue: 8B$
Website: https://www.huntsman.com/
Description: Huntsman Corporation, headquartered in Salt Lake City, United States, is a leading player in the Commodity Chemicals industry. The company was founded in 1970 and currently employs approximately 10,000 people. With an annual revenue of around 8 billion dollars, Huntsman Corporation operates in the Chemicals sector, specifically in the production of commodity chemicals. Huntsman Corporation is known for its wide range of chemical products that find applications in various industries such as automotive, construction, textiles, and more. The company has a strong global presence and is committed to delivering innovative and sustainable solutions to its customers.
#24 Lanxess AG
Employees: 16K
Revenue: 8.1B$
Website: https://lanxess.com
Description: Lanxess AG, headquartered in Cologne, Germany, is a leading company in the Commodity Chemicals industry. Founded in 2004, the company operates globally with a workforce of approximately 16,000 employees. With a revenue of 8.1 billion dollars, Lanxess AG is a major player in the chemicals market. The company specializes in the production and distribution of essential chemicals used in various industrial applications such as automotive, construction, and manufacturing. Lanxess AG is dedicated to delivering high-quality products and innovative solutions that meet the diverse needs of its customers. Through continuous research and development, the company strives to stay at the forefront of the Commodity Chemicals industry, driving progress and sustainability.
#23 Air Products And Chemicals, Inc.
Employees: 19K
Revenue: 8.9B$
Website: https://www.airproducts.com
Description: Air Products And Chemicals, Inc. is a leading player in the Commodity Chemicals industry. With its headquarters located in Allentown, United States, the company has been operating since 1940. Air Products And Chemicals, Inc. has a workforce of approximately 19,000 employees. The company generates a revenue of 8.9 billion dollars. Known for its expertise in the chemical sector, Air Products And Chemicals, Inc. specializes in the production and distribution of commodity chemicals. With a strong presence in the market, the company continues to innovate and provide high-quality chemical products to various industries worldwide.
#22 Eastman Chemical Company
Employees: 14K
Revenue: 9.5B$
Website: https://www.eastman.com
Description: Eastman Chemical Company, headquartered in Kingsport, Tennessee, is a major player in the Commodity Chemicals industry. Founded in 1920, the company has grown to employ approximately 14,000 employees worldwide. With annual revenue of 9.5 billion dollars, Eastman Chemical Company operates in various sectors within the Chemicals industry, including additives and functional products, adhesives and plasticizers, and specialty chemicals. The company is known for its innovation and commitment to sustainability, with a focus on providing solutions that enhance the quality of life for people around the world.
#21 Formosa Plastics Corporation
Employees: 15K
Revenue: 9.8B$
Website: https://www.fpc.com.tw/en/
Description: Formosa Plastics Corporation is a leading player in the Commodity Chemicals industry, specializing in the production and distribution of a wide range of chemical products. Headquartered in Taipei, Taiwan, the company has a strong presence in the Asia region. Since its establishment in 1954, Formosa Plastics Corporation has grown steadily, employing approximately 15,000 people worldwide. The company generates an impressive annual revenue of 9.8 billion USD. With a focus on innovation and sustainability, Formosa Plastics Corporation is committed to delivering high-quality chemical solutions that meet the diverse needs of its global customer base.
#20 Arkema S.A.
Employees: 20K
Revenue: 10B$
Website: https://www.arkema.com/
Description: Arkema S.A. is a leading global player in the Commodity Chemicals industry. Headquartered in Colombes, France, the company operates across Europe. With a history dating back to 2004, Arkema has established itself as a key player in the chemical sector. The company employs approximately 20,000 individuals worldwide and generates an annual revenue of around 10 billion US dollars. Arkema specializes in the production and distribution of a wide range of chemical products, including polymers, resins, and specialty chemicals. The company's commitment to innovation and sustainability has positioned it as a trusted partner for industries such as automotive, construction, and consumer goods.
#19 Solvay S.A.
Employees: 27K
Revenue: 10.2B$
Website: https://www.solvay.com
Description: Solvay S.A. is a leading player in the Commodity Chemicals industry. Headquartered in Brussels, Belgium, the company operates primarily in Europe. Founded in 1863, Solvay has grown to become a major player in the chemicals sector, with a workforce of approximately 27,000 employees. The company generates substantial revenue, with an estimated annual revenue of 10.2 billion dollars. Solvay is known for its production of chemicals and materials used in various industries, including automotive, construction, energy, and consumer goods. With a strong focus on sustainability and innovation, Solvay continues to drive advancements in the Commodity Chemicals industry.
#18 Chevron Phillips Chemical Company LLC
Employees: 5K
Revenue: 12B$
Website: https://www.cpchem.com/
Description: Chevron Phillips Chemical Company LLC is a leading player in the Commodity Chemicals industry. Headquartered in The Woodlands, United States, the company was founded in 2000. With a workforce of approximately 5,000 employees, Chevron Phillips Chemical Company LLC operates in the Chemicals industry, specifically focusing on the production and distribution of commodity chemicals. The company generates an impressive revenue of 12 billion dollars, establishing its strong presence and success in the market. Through its commitment to innovation, quality, and sustainability, Chevron Phillips Chemical Company LLC continues to be a key player in the Commodity Chemicals industry.
#17 Wanhua Chemical Group Co., Ltd.
Employees: 9.3K
Revenue: 12.5B$
Website: https://www.wanhuachem.com
Description: Wanhua Chemical Group Co., Ltd. is a leading player in the Commodity Chemicals industry. Headquartered in Yantai, China, the company was founded in 1998. With a workforce of approximately 9.3 thousand employees, Wanhua Chemical Group operates in the production and distribution of chemicals, including polyurethane, petrochemicals, and specialty chemicals. The company's revenue stands at around 12.5 billion US dollars. Wanhua Chemical Group is known for its commitment to innovation, sustainability, and customer satisfaction. Through its extensive product portfolio and global presence, Wanhua Chemical Group continues to drive growth and contribute to the development of the Chemicals industry.
#16 Evonik Industries AG
Employees: 35K
Revenue: 13.1B$
Website: https://corporate.evonik.com/en/
Description: Evonik Industries AG, headquartered in Essen, Germany, is a leading player in the Commodity Chemicals industry. With operations across Europe and a strong global presence, the company specializes in manufacturing and supplying a wide range of chemical products. Evonik Industries AG was founded in 2007 and currently employs approximately 35,000 employees worldwide. The company generates an impressive annual revenue of 13.1 billion US dollars. Evonik Industries AG is committed to providing innovative solutions and high-quality products to meet the diverse needs of customers in the Chemicals industry.
#15 Covestro AG
Employees: 16K
Revenue: 14.6B$
Website: https://www.covestro.com/
Description: Covestro AG is a leading player in the Commodity Chemicals industry. Headquartered in Leverkusen, Germany, Covestro operates primarily in Europe. The company was founded in 2015 and has since grown to employ approximately 16,000 people worldwide. With a revenue of 14.6 billion dollars, Covestro is a major contributor to the Chemicals sector. The company focuses on manufacturing and supplying high-quality polymers and chemicals, serving various industries such as automotive, construction, electronics, and healthcare. Covestro is committed to sustainability and innovation, continuously developing new materials and technologies to meet the evolving needs of its customers and the market.
#14 Mitsui Chemicals, Inc.
Employees: 20K
Revenue: 15B$
Website: https://www.mitsuichem.com/
Description: Mitsui Chemicals, Inc., headquartered in Tokyo, Japan, is a leading company in the Commodity Chemicals industry. Since its founding in 1955, the company has grown to become a global player in the chemicals sector. With a workforce of approximately 20,000 employees, Mitsui Chemicals operates in various segments of the industry, including basic chemicals, petrochemicals, and functional polymeric materials. The company is known for its high-quality products and innovative solutions that cater to diverse industries such as automotive, electronics, packaging, healthcare, and agriculture. With annual revenues of around 15 billion dollars, Mitsui Chemicals continues to drive growth and contribute to the advancement of the chemical industry worldwide.
#13 Sumitomo Chemical Co., Ltd.
Employees: 34K
Revenue: 20B$
Website: https://www.sumitomo-chem.co.jp/english/
Description: Sumitomo Chemical Co., Ltd. is a leading player in the Commodity Chemicals industry. Based in Tokyo, Japan, the company has a rich history dating back to its founding in 1913. With a workforce of approximately 34,000 employees, Sumitomo Chemical is committed to delivering innovative chemical solutions across a wide range of applications. The company's revenue stands at an impressive 20 billion dollars, reflecting its strong market presence and successful operations. Sumitomo Chemical's extensive portfolio includes products such as petrochemicals, plastics, fine chemicals, and agricultural chemicals, catering to diverse global industries. With a focus on sustainability and technological advancements, Sumitomo Chemical continues to drive growth and contribute to the Chemicals industry on a global scale.
#12 Asahi Kasei Corporation
Employees: 39K
Revenue: 21B$
Website: https://www.asahi-kasei.co.jp/
Description: Asahi Kasei Corporation, headquartered in Tokyo, Japan, is a leading player in the Commodity Chemicals industry. With a rich history dating back to its establishment in 1922, the company has grown to become a prominent name in the sector. Asahi Kasei Corporation boasts a workforce of approximately 39,000 employees, who contribute to the company's success. The company generates an impressive annual revenue of around 21 billion dollars, making it a significant player in the market. With a strong focus on innovation and sustainability, Asahi Kasei Corporation continues to drive advancements in the Commodity Chemicals industry.
#11 Linde Plc
Employees: 80K
Revenue: 28B$
Website: https://www.linde.com
Description: Linde Plc, headquartered in Munich, Germany, is a leading player in the Commodity Chemicals industry. With a rich history dating back to 1879, the company has established itself as a key player in the global market. Linde Plc operates in the chemicals sector, specializing in the production and distribution of commodity chemicals. The company's extensive portfolio includes a wide range of products such as industrial gases, specialty chemicals, and equipment for various industries. With a workforce of approximately 80,000 employees worldwide, Linde Plc continues to drive innovation and deliver high-quality products and services to its customers. In 2020, the company reported a revenue of 28 billion US dollars, solidifying its position as a major player in the industry.
#10 LyondellBasell Industries N.V.
Employees: 19K
Revenue: 32B$
Website: https://www.lyondellbasell.com
Description: LyondellBasell Industries N.V. is a leading company in the Commodity Chemicals industry. Headquartered in Houston, United States, the company was founded in 2007. With a workforce of approximately 19,000 employees, LyondellBasell operates globally, focusing on the production and marketing of chemicals and polymers. The company's portfolio includes products such as ethylene, propylene, polyethylene, polypropylene, and advanced polyolefins. LyondellBasell's revenue amounts to around 32 billion dollars, making it one of the major players in the industry. The company is committed to sustainability and innovation, continuously developing new solutions to meet the evolving needs of its customers in various sectors, including automotive, packaging, construction, and agriculture.
#9 Mitsubishi Chemical Holdings Corporation
Employees: 46K
Revenue: 37B$
Website: https://www.mitsubishichem-hd.co.jp/english/
Description: Mitsubishi Chemical Holdings Corporation, headquartered in Tokyo, Japan, is a leading player in the Commodity Chemicals industry. With a history dating back to 1933, the company has established itself as a prominent manufacturer and supplier of a wide range of chemical products. Mitsubishi Chemical Holdings operates across various segments within the Commodity Chemicals industry, including basic chemicals, petrochemicals, and polymers. The company's diverse product portfolio caters to several sectors, such as automotive, electronics, construction, and healthcare. With approximately 46,000 employees, Mitsubishi Chemical Holdings generates annual revenue of around 37 billion dollars. Through continuous innovation and strategic partnerships, the company aims to drive sustainable growth and contribute to the advancement of the chemical industry.
#8 Saudi Basic Industries Corporation (SABIC)
Employees: 35K
Revenue: 40B$
Website: https://www.sabic.com
Description: Saudi Basic Industries Corporation (SABIC) is a leading player in the Commodity Chemicals industry. Headquartered in Riyadh, Saudi Arabia, SABIC operates in the Asia continent. Founded in 1976, the company has grown to employ approximately 35,000 employees worldwide. With a revenue of 40 billion dollars, SABIC is a major contributor to the Chemicals industry. SABIC is known for its production of various chemical products such as polymers, fertilizers, and metals. The company's commitment to innovation and sustainability has made it a prominent player in the industry.
#7 SABIC
Employees: 40K
Revenue: 40B$
Website: https://www.sabic.com
Description: SABIC, headquartered in Riyadh, Saudi Arabia, is a major player in the Commodity Chemicals industry. Founded in 1976, the company has grown to employ approximately 40,000 people worldwide. With a revenue of 40 billion dollars, SABIC is a leading producer of petrochemicals, fertilizers, polymers, and metals. The company's products are used in various industries such as automotive, construction, healthcare, packaging, and agriculture. SABIC is known for its commitment to sustainability and innovation, constantly striving to develop new solutions and technologies to meet the evolving needs of its customers. With its strong global presence and extensive product portfolio, SABIC continues to be a key player in the Chemicals industry.
#6 Bayer AG
Employees: 100K
Revenue: 43B$
Website: https://www.bayer.com
Description: Bayer AG, headquartered in Leverkusen, Germany, is a global player in the Commodity Chemicals industry. Founded in 1863, the company has a workforce of approximately 100,000 employees worldwide. With a revenue of 43 billion US dollars, Bayer AG is a leading producer of chemicals used in various industries. The company's activities in the Commodity Chemicals industry include the production and distribution of chemicals such as fertilizers, polymers, and industrial gases. Bayer AG's commitment to innovation and sustainability has positioned it as a key player in the global chemical sector.
#5 Dow Inc.
Employees: 36K
Revenue: 43B$
Website: https://www.dow.com
Description: Dow Inc. is a leading company in the Commodity Chemicals industry. Headquartered in Midland, United States, Dow Inc. has been in operation since 1897. With a workforce of approximately 36,000 employees, the company generates an impressive annual revenue of 43 billion dollars. Dow Inc. focuses on manufacturing and supplying a wide range of chemical products used in various industries. Their portfolio includes plastics, chemicals, and agricultural products, among others. Through their commitment to innovation and sustainability, Dow Inc. continues to play a significant role in shaping the Chemicals industry and meeting the evolving needs of its customers worldwide.
#4 INEOS Group Holdings S.A.
Employees: 22K
Revenue: 60B$
Website: https://www.ineos.com
Description: INEOS Group Holdings S.A. is a leading player in the Commodity Chemicals industry. Headquartered in London, United Kingdom, INEOS operates in Europe and North America. Founded in 1998, the company has grown to employ approximately 22,000 individuals worldwide. With a revenue of 60 billion US dollars, INEOS is a major contributor to the Chemicals industry. The company focuses on the production and distribution of essential chemicals, including polymers, solvents, and intermediates. INEOS is known for its innovation and commitment to sustainability, driving advancements in the chemical sector while minimizing its environmental impact.
#3 BASF SE
Employees: 122K
Revenue: 66.6B$
Website: https://www.basf.com
Description: BASF SE, headquartered in Ludwigshafen, Germany, is a leading player in the Commodity Chemicals industry. With a rich history dating back to its founding in 1865, BASF has established itself as a global leader in providing chemical solutions. The company employs approximately 122,000 people worldwide, making it one of the largest employers in the industry. BASF generates a significant annual revenue of 66.6 billion dollars, showcasing its strong market presence and financial performance. Through its wide range of products and services, BASF caters to various sectors such as agriculture, automotive, construction, and consumer goods, contributing to the growth and development of the global chemical industry.
#2 Reliance Industries Limited
Employees: 200K
Revenue: 80B$
Website: https://www.ril.com
Description: Reliance Industries Limited is a leading player in the Commodity Chemicals industry. Headquartered in Mumbai, India, the company was founded in 1966. With a workforce of approximately 200,000 employees, Reliance Industries Limited operates in the Chemicals sector, specifically focusing on the production and distribution of Commodity Chemicals. The company generates an impressive revenue of 80 billion US dollars, solidifying its position as a key player in the industry. Reliance Industries Limited is known for its commitment to innovation and sustainable practices, continuously striving to enhance its product offerings and contribute to the growth of the Chemicals sector.
#1 Exxon Mobil Corporation
Employees: 71K
Revenue: 260B$
Website: https://corporate.exxonmobil.com/
Description: Exxon Mobil Corporation, headquartered in Irving, United States, is a leading player in the Commodity Chemicals industry. The company was founded in 1999 and currently employs approximately 71,000 people. With an annual revenue of 260 billion US dollars, Exxon Mobil Corporation holds a prominent position in the industry. The company is involved in the production and marketing of basic chemicals, including olefins, aromatics, polyethylene, and polypropylene. Exxon Mobil Corporation's commitment to innovation and sustainability enables it to deliver high-quality chemical products to customers worldwide.
Summary
The analysis of the top companies in the sub-industry of Commodity Chemicals has revealed some interesting takeaways. These companies have achieved remarkable rankings and significant accomplishments, showcasing their dominance in the market. The top players in this sector have consistently demonstrated their ability to generate substantial revenue and maintain strong market positions.
One unexpected finding from the investigation is the resilience of these companies in the face of economic fluctuations. Despite challenging market conditions, these firms have managed to thrive and even expand their operations.
Among the premier companies in the Commodity Chemicals sub-industry, there are some notable names that have consistently outperformed their competitors. These companies have a proven track record of delivering exceptional results and have established themselves as industry leaders.
A common element driving the prosperity of these leading firms is their relentless focus on innovation and technological advancements. By investing in research and development, these companies have been able to develop cutting-edge products and solutions, giving them a competitive edge in the market.
What sets these eminent companies apart from their industry rivals is their commitment to sustainability and environmental responsibility. They have adopted sustainable practices and are actively working towards reducing their carbon footprint. This commitment to sustainability not only benefits the environment but also enhances their reputation and attracts environmentally conscious consumers.