[Ranking] TOP 25 Industrial Specialties / Chemicals Companies Q3/2023
Intro
The Industrial Specialties sub-industry, a vital part of the Chemicals sector, plays a critical role in the global economy. Its products serve as key components in various sectors, such as automotive, electronics, construction, and healthcare. From specialty chemicals to advanced materials, the industry's offerings are indispensable for numerous manufacturing processes and applications.
With its profound influence, the Industrial Specialties sub-industry has a ripple effect across diverse sectors. For example, the development of innovative materials and coatings drives advancements in sectors like aerospace and defense, enabling the creation of lighter and more durable products. Furthermore, the industry's focus on sustainability and environmental responsibility is pushing other sectors to adopt greener practices and reduce their carbon footprint.
The economic magnitude of the Industrial Specialties sub-industry is substantial and shows a promising upward trajectory. As global demand for specialized chemicals and materials continues to rise, the industry is projected to reach new heights in terms of revenue and market share. This growth is driven by factors such as technological advancements, increased investments in research and development, and the growing need for high-performance products in various sectors.
Recent trends, breakthroughs, and obstacles are shaping the Industrial Specialties sub-industry. The shift towards digitalization and automation is revolutionizing manufacturing processes, allowing for greater efficiency and customization. Additionally, the industry is actively addressing sustainability challenges, developing eco-friendly alternatives and implementing circular economy practices. However, regulatory changes, supply chain disruptions, and volatile raw material prices pose significant challenges that companies must navigate to maintain their competitive edge.
The landscape of the Industrial Specialties sub-industry is constantly evolving, creating an environment of innovation and competition. Companies within the industry must continually adapt to emerging technologies, market trends, and customer demands to stay ahead. This dynamic setting fosters the exploration and recognition of the top companies in the Industrial Specialties sub-industry, showcasing their achievements, strategies, and contributions to the sector.
Ranking
#25 Ingevity Corporation
Employees: 1.7K
Revenue: 1.1B$
Website: https://www.ingevity.com
Description: Ingevity Corporation, headquartered in North Charleston, United States, is a leading company in the Industrial Specialties industry. Founded in 2016, the company has a workforce of approximately 1,700 employees. Ingevity specializes in the production of high-performance specialty chemicals used in various applications such as asphalt paving, oilfield chemicals, and carbon materials. The company's innovative solutions help improve the performance and sustainability of products in the chemicals sector. With an annual revenue of 1.1 billion dollars, Ingevity has established itself as a key player in the Chemicals industry, providing advanced solutions that meet the evolving needs of its customers worldwide.
#24 Croda International Plc
Employees: 4.5K
Revenue: 1.2B$
Website: https://www.croda.com/
Description: Croda International Plc, headquartered in East Yorkshire, United Kingdom, is a leading player in the Industrial Specialties industry. Founded in 1925, the company has grown to become a global leader in specialty chemicals. Croda specializes in creating innovative, sustainable, and high-performance ingredients and technologies for various applications. With a workforce of approximately 4.5 thousand employees, the company operates across multiple continents, serving customers in diverse sectors including personal care, health care, crop care, and more. Croda's revenue stands at around 1.2 billion dollars, reflecting its strong market presence and successful business operations in the chemicals industry.
#23 Methanex Corporation
Employees: 1K
Revenue: 1.2B$
Website: https://www.methanex.com
Description: Methanex Corporation is a leading player in the Industrial Specialties sector, operating in the Chemicals industry. Headquartered in Vancouver, Canada, Methanex is a global producer and supplier of methanol, a key chemical used in various industrial applications. With a history dating back to 1988, the company has established itself as a reliable and innovative player in the market. Methanex employs approximately 1,000 employees worldwide, contributing to its annual revenue of 1.2 billion dollars. The company's website provides comprehensive information about its products, operations, and commitment to sustainability.
#22 FMC Corporation
Employees: 5K
Revenue: 1.8B$
Website: https://www.fmc.com
Description: FMC Corporation is a leading player in the Industrial Specialties industry. Headquartered in Philadelphia, United States, the company was founded in 1883. With a workforce of approximately 5,000 employees, FMC Corporation operates in the Chemicals sector, specifically focusing on Industrial Specialties. The company has achieved an impressive revenue of 1.8 billion dollars. FMC Corporation is renowned for its innovative solutions and products in the Industrial Specialties sector, catering to a wide range of industries including agriculture, pharmaceuticals, and food processing. Through its commitment to research and development, FMC Corporation continues to drive advancements in the Chemicals industry, ensuring its position as a key player in the market.
#21 Albemarle Corporation
Employees: 6K
Revenue: 3.5B$
Website: https://www.albemarle.com
Description: Albemarle Corporation is a leading player in the Industrial Specialties industry. Headquartered in Charlotte, United States, the company was founded in 1994. With a workforce of approximately 6,000 employees, Albemarle Corporation operates globally, providing innovative chemical solutions to various industrial sectors. The company's main focus is on developing and manufacturing specialty chemicals that are used in a wide range of applications, including pharmaceuticals, electronics, energy storage, and clean transportation. Albemarle Corporation is dedicated to sustainability and environmentally friendly practices, actively working on solutions that contribute to a cleaner and more sustainable future. With annual revenues of around 3.5 billion dollars, Albemarle Corporation continues to be a key player in driving innovation and growth in the Industrial Specialties sector.
#20 Nippon Paint Holdings Co., Ltd.
Employees: 24K
Revenue: 4.3B$
Website: https://www.nipponpaint-holdings.com/
Description: Nippon Paint Holdings Co., Ltd. is a leading player in the Industrial Specialties industry. Headquartered in Osaka, Japan, the company has a rich history dating back to its founding in 1881. With a workforce of approximately 24,000 employees, Nippon Paint Holdings Co., Ltd. operates in various sectors within the Chemicals industry, focusing on Industrial Specialties. The company has achieved impressive annual revenue of 4.3 billion dollars, establishing itself as a prominent player in the market. Nippon Paint Holdings Co., Ltd. is committed to delivering high-quality products and innovative solutions to meet the diverse needs of its customers in the Industrial Specialties sector.
#19 Wacker Chemie AG
Employees: 14K
Revenue: 5B$
Website: https://www.wacker.com
Description: Wacker Chemie AG is a leading global chemical company headquartered in Munich, Germany. With a history dating back to 1914, the company operates in the Industrial Specialties sector of the Chemicals industry. Wacker Chemie specializes in the development and production of innovative chemical solutions for various industries, including construction, electronics, automotive, and consumer goods. The company's products range from silicone-based products, polymer binders, and biotech solutions to specialty chemicals and materials for high-performance applications. With a workforce of approximately 14,000 employees, Wacker Chemie AG generates annual revenues of around 5 billion dollars.
#18 Celanese Corporation
Employees: 7.6K
Revenue: 6.8B$
Website: https://www.celanese.com/
Description: Celanese Corporation, headquartered in Dallas, United States, is a leading player in the Industrial Specialties industry. Founded in 1918, the company has a workforce of approximately 7.6 thousand employees. With an annual revenue of 6.8 billion dollars, Celanese Corporation is a key player in the chemicals sector. The company specializes in the development and production of industrial specialty materials used in various applications, including automotive, consumer goods, electronics, and healthcare. Celanese Corporation's commitment to innovation and sustainability has made it a trusted partner for customers worldwide, offering advanced solutions that enhance performance, efficiency, and sustainability in a wide range of industrial applications.
#17 Lanxess AG
Employees: 14K
Revenue: 8.1B$
Website: https://lanxess.com/
Description: Lanxess AG, headquartered in Cologne, Germany, is a leading company in the Industrial Specialties industry within the Chemicals sector. Founded in 2004, Lanxess specializes in the development, production, and marketing of chemical intermediates, specialty chemicals, and plastics. With a workforce of approximately 14,000 employees, the company operates in various segments including Advanced Intermediates, Performance Chemicals, High Performance Materials, and ARLANXEO. Lanxess is known for its innovative solutions and products that cater to diverse industries such as automotive, construction, electronics, agriculture, and pharmaceuticals. The company's revenue stands at 8.1 billion US dollars, reflecting its strong presence and success in the Industrial Specialties market.
#16 Huntsman Corporation
Employees: 11K
Revenue: 8.2B$
Website: https://www.huntsman.com/
Description: Huntsman Corporation is a leading global provider of specialty chemicals. Headquartered in Salt Lake City, United States, the company operates in the Industrial Specialties industry within the Chemicals sector. With over 11,000 employees, Huntsman Corporation specializes in the manufacturing and distribution of a wide range of chemical products, including polyurethanes, performance products, advanced materials, and textile effects. The company's products find applications in various industries, such as automotive, construction, electronics, adhesives, coatings, and textiles. Huntsman Corporation has a strong presence in North America and serves customers worldwide through its extensive network of manufacturing facilities, research and development centers, and sales offices. In 2020, the company reported a revenue of 8.2 billion US dollars.
#15 Westlake Chemical Corporation
Employees: 10K
Revenue: 8.5B$
Website: https://www.westlake.com
Description: Westlake Chemical Corporation is a leading player in the Industrial Specialties industry. Founded in 1986 and headquartered in Houston, United States, Westlake Chemical operates in the Chemicals sector, specifically focusing on Industrial Specialties. With approximately 10,000 employees, the company generates an annual revenue of 8.5 billion US dollars. Westlake Chemical is known for its expertise in producing and marketing specialty chemicals, polymers, and building products. The company's commitment to innovation, sustainability, and customer satisfaction has allowed it to establish a strong presence in the Industrial Specialties market.
#14 Air Products And Chemicals, Inc.
Employees: 16K
Revenue: 8.9B$
Website: https://www.airproducts.com
Description: Air Products And Chemicals, Inc. is a leading company in the Industrial Specialties industry. Headquartered in Allentown, United States, Air Products operates in the Chemicals sector. With a history dating back to 1940, the company has established itself as a key player in the industry. Air Products employs approximately 16,000 individuals globally, contributing to its revenue of 8.9 billion dollars. The company specializes in providing industrial gases, equipment, and technologies to a wide range of industries, including energy, healthcare, and manufacturing. With a strong focus on sustainability and innovation, Air Products continues to drive advancements in the Industrial Specialties sector.
#13 Eastman Chemical Company
Employees: 14K
Revenue: 9.3B$
Website: https://www.eastman.com
Description: Eastman Chemical Company, headquartered in Kingsport, United States, is a leading player in the Industrial Specialties industry. Since its establishment in 1920, Eastman Chemical Company has grown to become a major provider of chemicals and materials for various applications. With a workforce of approximately 14,000 employees, the company operates globally, offering innovative solutions and technologies to meet the evolving needs of its customers. Eastman Chemical Company generates impressive annual revenue of 9.3 billion USD, reflecting its strong market position and continuous growth in the industry.
#12 Solvay S.A.
Employees: 24K
Revenue: 10B$
Website: https://www.solvay.com
Description: Solvay S.A. is a leading chemical company headquartered in Brussels, Belgium. Founded in 1863, the company operates in the Industrial Specialties sector, specifically in the Chemicals industry. With a workforce of approximately 24,000 employees, Solvay focuses on developing and manufacturing specialty chemicals that cater to various industrial sectors. The company's products and solutions are utilized in applications such as automotive, aerospace, electronics, energy, and consumer goods. Solvay is committed to sustainability and innovation, continuously working towards providing sustainable solutions to its customers and reducing its environmental impact. With annual revenues of around 10 billion dollars, Solvay is a prominent player in the global chemical industry.
#11 Akzo Nobel N.V.
Employees: 30K
Revenue: 10B$
Website: https://www.akzonobel.com
Description: Akzo Nobel N.V. is a Dutch multinational company headquartered in Amsterdam, Netherlands. It operates in the Industrial Specialties industry within the Chemicals sector. Founded in 1994, Akzo Nobel specializes in the production of paints, coatings, and specialty chemicals. The company offers a wide range of products and solutions for various industrial applications. With around 30,000 employees worldwide, Akzo Nobel generates an annual revenue of approximately 10 billion US dollars. As a leading player in the industry, the company continues to innovate and develop sustainable solutions to meet the evolving needs of its customers.
#10 Praxair, Inc.
Employees: 26K
Revenue: 12B$
Website: https://www.praxair.com
Description: Praxair, Inc. is a leading industrial specialties company operating in the Chemicals industry. Headquartered in Danbury, United States, Praxair was founded in 1907. With a workforce of approximately 26,000 employees, the company generates an annual revenue of around 12 billion dollars. Praxair specializes in providing atmospheric gases, process and specialty gases, performance materials, equipment, and technologies to a wide range of industries including manufacturing, healthcare, food and beverage, and energy. Through its innovative solutions, Praxair helps customers improve their productivity, enhance operational efficiency, and reduce environmental impact. With a strong focus on safety, sustainability, and customer satisfaction, Praxair remains a key player in the Industrial Specialties sector.
#9 Covestro AG
Employees: 16K
Revenue: 12B$
Website: https://www.covestro.com/
Description: Covestro AG, headquartered in Leverkusen, Germany, is a leading player in the Industrial Specialties industry. The company was founded in 2015 and currently employs around 16,000 people globally. With a revenue of approximately 12 billion dollars, Covestro AG operates in the Chemicals sector, specifically focusing on industrial specialties. Covestro AG specializes in the development, production, and distribution of high-performance polymers, essential raw materials for various industries such as automotive, construction, and electronics. Through its innovative solutions, Covestro AG aims to contribute to sustainable development and address the challenges of the future.
#8 Evonik Industries AG
Employees: 32K
Revenue: 14.4B$
Website: https://www.evonik.com
Description: Evonik Industries AG, headquartered in Essen, Germany, is a leading company in the Industrial Specialties sector of the Chemicals industry. Founded in 2007, Evonik operates globally and specializes in producing specialty chemicals for various industrial applications. The company's portfolio includes products for coatings, adhesives, and sealants, as well as high-performance polymers, foams, and additives. With over 32,000 employees, Evonik is committed to providing innovative solutions and sustainable technologies to its customers. In 2020, the company generated revenue of approximately 14.4 billion USD, solidifying its position as a key player in the industry.
#7 PPG Industries, Inc.
Employees: 46K
Revenue: 15B$
Website: https://www.ppg.com
Description: PPG Industries, Inc. is a global leader in the Industrial Specialties industry, operating in the Chemicals sector. Headquartered in Pittsburgh, United States, PPG Industries was founded in 1883. With a workforce of approximately 46,000 employees, the company generates an annual revenue of 15 billion dollars. PPG Industries specializes in providing innovative solutions in paints, coatings, and materials for a wide range of industrial applications. Their offerings include products for automotive, aerospace, packaging, construction, and other industrial sectors. With a strong commitment to sustainability and customer satisfaction, PPG Industries continues to drive advancements in the Industrial Specialties industry through its research and development efforts and strategic partnerships.
#6 Mitsui Chemicals, Inc.
Employees: 14K
Revenue: 15B$
Website: https://www.mitsuichem.com/
Description: Mitsui Chemicals, Inc. is a leading chemical company headquartered in Tokyo, Japan. With a history dating back to 1955, the company operates in the Industrial Specialties sector of the Chemicals industry. Mitsui Chemicals specializes in the development, production, and sale of a wide range of chemical products, including performance materials, functional polymeric materials, and petrochemicals. The company's focus is on creating innovative solutions that contribute to the advancement of various industries, such as automotive, healthcare, packaging, and electronics. With a workforce of approximately 14,000 employees, Mitsui Chemicals generates an annual revenue of around 15 billion dollars, solidifying its position as a key player in the global chemical industry.
#5 Linde Plc
Employees: 80K
Revenue: 28B$
Website: https://www.linde.com
Description: Linde Plc is a global leader in the Industrial Specialties industry, operating in the Chemicals sector. Headquartered in Munich, Germany, the company was founded in 1879. With a workforce of approximately 80,000 employees, Linde Plc generates an annual revenue of 28 billion US dollars. The company specializes in providing a wide range of industrial gases and engineering services to various industries, including manufacturing, healthcare, food processing, and energy. Linde Plc's products and services play a critical role in processes such as welding, freezing, purging, and packaging, supporting the efficient and safe operations of its customers worldwide. With a strong commitment to sustainability and innovation, Linde Plc continues to drive advancements in the Industrial Specialties industry, enabling progress and growth for its customers and stakeholders.
#4 SABIC
Employees: 35K
Revenue: 30B$
Website: https://www.sabic.com
Description: SABIC is a leading chemical company operating in the Industrial Specialties industry. Headquartered in Riyadh, Saudi Arabia, SABIC has been serving the industry since its founding in 1976. With a workforce of approximately 35,000 employees, SABIC specializes in producing a wide range of chemicals and innovative materials that are used in various industrial applications. The company's revenue stands at around 30 billion dollars, solidifying its position as a major player in the industry. SABIC's commitment to research and development, combined with its global reach, allows it to offer high-quality products and solutions to its customers worldwide.
#3 LyondellBasell Industries N.V.
Employees: 19K
Revenue: 38B$
Website: https://www.lyondellbasell.com
Description: LyondellBasell Industries N.V. is a leading chemical company operating in the Industrial Specialties industry. Headquartered in Houston, United States, the company was founded in 2007. With a workforce of approximately 19,000 employees, LyondellBasell specializes in producing and marketing chemicals used in various industrial applications. The company's products cater to a wide range of sectors, including automotive, construction, packaging, electronics, and more. LyondellBasell generates substantial revenue, amounting to 38 billion dollars. With its commitment to innovation and sustainable practices, LyondellBasell continues to be a prominent player in the Industrial Specialties sector.
#2 Dow Inc.
Employees: 37K
Revenue: 42B$
Website: https://www.dow.com
Description: Dow Inc. is a leading company in the Industrial Specialties industry, operating within the Chemicals sector. Headquartered in Midland, United States, Dow Inc. has been in operation since 1897. With a workforce of approximately 37,000 employees, the company generates an impressive annual revenue of 42 billion dollars. Dow Inc. specializes in producing and providing innovative chemical products and solutions for various industrial applications. Through its extensive portfolio of offerings, Dow Inc. caters to diverse sectors such as manufacturing, construction, automotive, electronics, and more. With a commitment to sustainability and technological advancements, Dow Inc. continues to shape the Industrial Specialties industry with its cutting-edge products and services.
#1 BASF SE
Employees: 117K
Revenue: 59.3B$
Website: https://www.basf.com
Description: BASF SE, headquartered in Ludwigshafen, Germany, is a leading company in the Industrial Specialties industry. With a rich history dating back to its foundation in 1865, the company has established itself as a global leader in chemicals. BASF operates in various sectors, including chemicals, performance products, functional materials and solutions, agricultural solutions, and oil and gas. The company's Industrial Specialties division focuses on providing innovative and sustainable solutions for various industrial applications. With a workforce of approximately 117,000 employees, BASF generates impressive annual revenue of 59.3 billion dollars. Through its extensive product portfolio and commitment to research and development, BASF continues to drive advancements in the Industrial Specialties sector.
Summary
The Industrial Specialties sub-industry within the Chemicals sector has seen significant growth and success in recent years. The top companies in this field have achieved impressive rankings and accomplished notable milestones.
One unexpected finding is the diversification of the top companies in the Industrial Specialties sub-industry. While some specialize in specific products or services, others have successfully expanded their offerings to cater to a wider range of customer needs.
Among the premier companies in the Industrial Specialties sub-industry are Company A, Company B, and Company C. These companies have consistently demonstrated their excellence and innovation in the field.
One shared element among these leading firms is their commitment to research and development. By investing in cutting-edge technologies and staying ahead of market trends, they have been able to develop unique products and solutions that meet the evolving demands of their customers.
What sets these eminent companies apart from their rivals is their focus on sustainability and environmental responsibility. They have implemented eco-friendly practices throughout their operations, ensuring that their products are not only high-quality but also environmentally friendly.