[Ranking] TOP 25 Chemicals Companies Q3/2023
Intro
The chemicals industry plays a critical role in the worldwide economy, providing essential materials and solutions for a wide range of sectors.
With its profound influence and ripple effects, the chemicals industry impacts diverse sectors such as agriculture, manufacturing, healthcare, and technology.
The economic magnitude of the chemicals industry is substantial and continues to grow. According to recent reports, the global chemicals market is expected to reach a value of $5.7 trillion by 2027, reflecting a steady upward trajectory.
This industry is constantly shaped by various trends, breakthroughs, and obstacles. From advancements in sustainable practices to the challenges posed by regulatory changes, the chemicals industry is subject to ongoing transformation.
The landscape of the chemicals industry is ever-changing, driven by innovation, market demand, and environmental considerations. Exploring the leading companies in this dynamic industry provides valuable insights into their strategies, technologies, and contributions.
Ranking
#25 Borealis AG
Employees: 6K
Revenue: 4.9B$
Website: https://www.borealisgroup.com
Description: Borealis AG is a leading company in the Chemicals industry. Headquartered in Vienna, Austria, Borealis operates primarily in Europe. Founded in 1994, the company has a workforce of approximately 6,000 employees. Borealis specializes in providing innovative solutions in the fields of polyolefins, base chemicals, and fertilizers. With a strong focus on sustainability and circular economy, Borealis is committed to creating value for its customers and society as a whole. The company's revenue reached 4.9 billion dollars, solidifying its position as a key player in the global chemicals market.
#24 Lanxess AG
Employees: 15K
Revenue: 6.8B$
Website: https://lanxess.com/
Description: Lanxess AG is a leading player in the chemicals industry, headquartered in Cologne, Germany. Founded in 2004, the company operates globally and has a strong presence in Europe. With a workforce of approximately 15,000 employees, Lanxess is dedicated to developing and manufacturing high-quality chemical products across various sectors. The company's revenue stands at an impressive 6.8 billion dollars, reflecting its position as a major player in the industry. Lanxess focuses on providing innovative solutions in areas such as specialty chemicals, performance additives, and advanced intermediates, catering to diverse industries including automotive, construction, and agriculture. Through its commitment to sustainability and technological advancements, Lanxess continues to drive growth and deliver value to its customers.
#23 Formosa Plastics Corporation
Employees: 39K
Revenue: 9.2B$
Website: https://www.fpc.com.tw/
Description: Formosa Plastics Corporation is a leading player in the chemicals industry. Headquartered in Taipei, Taiwan, the company has been operating since 1954. With a workforce of approximately 39,000 employees, Formosa Plastics Corporation is dedicated to producing a wide range of chemical products. The company's website offers detailed information about its various divisions and products. In terms of financial performance, Formosa Plastics Corporation has achieved impressive revenue of 9.2 billion dollars. With its long-standing presence and commitment to innovation, the company continues to make significant contributions to the chemicals industry in Asia and beyond.
#22 Arkema SA
Employees: 20K
Revenue: 9.7B$
Website: https://www.arkema.com
Description: Arkema SA is a leading chemical company headquartered in Colombes, France. With a history dating back to 2004, Arkema specializes in the production of specialty chemicals and advanced materials. The company operates in various sectors of the chemicals industry, including industrial chemicals, performance materials, and coating solutions. With a workforce of around 20,000 employees, Arkema has a strong global presence and serves customers in over 50 countries. The company's revenue reached 9.7 billion dollars, making it a significant player in the chemicals industry. Arkema is committed to innovation and sustainability, striving to develop environmentally-friendly products and solutions to meet the evolving needs of its customers.
#21 Eastman Chemical Company
Employees: 14K
Revenue: 10B$
Website: https://www.eastman.com
Description: Eastman Chemical Company, headquartered in Kingsport, Tennessee, is a leading global specialty chemicals company operating in the chemicals industry. Founded in 1920, the company has a workforce of approximately 14,000 employees. With a revenue of 10 billion dollars, Eastman Chemical Company is a key player in the industry. The company specializes in creating innovative materials, chemicals, and fibers that are used in a wide range of applications, including transportation, construction, packaging, and consumer goods. Eastman Chemical Company is committed to sustainability and actively works towards developing sustainable solutions to address global challenges.
#20 Sumitomo Chemical Co., Ltd.
Employees: 35K
Revenue: 10B$
Website: https://www.sumitomo-chem.co.jp/english/
Description: Sumitomo Chemical Co., Ltd. is a Japanese company operating in the Chemicals industry. Headquartered in Tokyo, Japan, the company was founded in 1913. With a workforce of approximately 35,000 employees, Sumitomo Chemical is involved in the manufacturing and sale of a wide range of chemical products. The company operates through five business segments: Petrochemicals & Plastics, Energy & Functional Materials, IT-related Chemicals, Health & Crop Sciences, and Pharmaceuticals. Sumitomo Chemical is known for its innovative solutions in areas such as agriculture, healthcare, and energy. With annual revenues of around 10 billion dollars, the company is a major player in the global chemicals market.
#19 Mitsubishi Chemical Holdings Corporation
Employees: 45K
Revenue: 11B$
Website: https://www.mitsubishichem-hd.co.jp/english/
Description: Mitsubishi Chemical Holdings Corporation is a leading player in the chemicals industry, headquartered in Tokyo, Japan. With a history dating back to 1933, the company has established itself as a key player in the global market. Mitsubishi Chemical Holdings operates across various sectors within the industry including basic chemicals, specialty chemicals, and advanced materials. The company's diverse portfolio of products includes plastics, fibers, films, carbon fibers, resins, and more. With a workforce of approximately 45,000 employees, Mitsubishi Chemical Holdings generates an annual revenue of around 11 billion dollars. Through its strong commitment to innovation and sustainability, the company continues to drive advancements in the chemicals industry.
#18 Evonik Industries AG
Employees: 35K
Revenue: 13.1B$
Website: https://corporate.evonik.com
Description: Evonik Industries AG, headquartered in Essen, Germany, is a leading global player in the Chemicals industry. Founded in 2007, the company has grown to employ approximately 35,000 employees worldwide. With a revenue of 13.1 billion dollars, Evonik Industries AG operates in various sectors including specialty chemicals, animal nutrition, and high-performance materials. The company focuses on providing innovative solutions and products that contribute to various industries such as automotive, healthcare, and consumer goods. Evonik Industries AG is committed to sustainability and actively works towards reducing its environmental impact, promoting responsible sourcing, and developing eco-friendly products.
#17 Covestro AG
Employees: 17K
Revenue: 14.6B$
Website: https://www.covestro.com
Description: Covestro AG is a leading company in the chemicals industry, headquartered in Leverkusen, Germany. As one of the largest polymer producers globally, Covestro develops and manufactures a wide range of high-tech polymer materials and solutions. With a focus on sustainability and innovation, the company provides products for various sectors including automotive, construction, electronics, and healthcare. Covestro employs around 17,000 people worldwide and generated a revenue of approximately 14.6 billion dollars in the most recent fiscal year. Through continuous research and development, Covestro aims to drive forward advancements in the chemicals industry and contribute to a more sustainable future.
#16 Braskem SA
Employees: 8K
Revenue: 15B$
Website: https://www.braskem.com/
Description: Braskem SA is a leading chemical company headquartered in São Paulo, Brazil. With operations in South America, Braskem specializes in the production of chemicals. The company was founded in 2002 and currently employs around 8,000 people. Braskem generates an estimated annual revenue of 15 billion US dollars. With a focus on innovation and sustainability, Braskem is committed to delivering high-quality chemical products to meet the needs of various industries.
#15 Mitsui Chemicals, Inc.
Employees: 23K
Revenue: 15B$
Website: https://www.mitsuichem.com/
Description: Mitsui Chemicals, Inc. is a leading company in the chemicals industry based in Tokyo, Japan. Founded in 1912, the company has a long history in the sector. With a workforce of approximately 23,000 employees, Mitsui Chemicals operates globally, focusing on the development and production of a wide range of chemical products. The company's portfolio includes performance materials, petrochemicals, basic chemicals, and functional polymeric materials. Mitsui Chemicals is committed to sustainable development and strives to contribute to society through its innovative solutions. With annual revenues of around 15 billion dollars, the company has established itself as a key player in the chemicals industry.
#14 PPG Industries, Inc.
Employees: 46K
Revenue: 15.1B$
Website: https://www.ppg.com
Description: PPG Industries, Inc. is a leading global provider of paints, coatings, and specialty materials. Headquartered in Pittsburgh, United States, the company operates in the Chemicals industry. Founded in 1883, PPG Industries has grown to become a major player in the global market, employing approximately 46,000 people worldwide. With an annual revenue of 15.1 billion dollars, the company offers a wide range of products, including paints, coatings, optical products, and specialty materials. PPG Industries is known for its innovative solutions and commitment to sustainability, continuously developing products that meet customer demands while minimizing environmental impact.
#13 DuPont De Nemours, Inc.
Employees: 20K
Revenue: 18B$
Website: https://www.dupont.com
Description: DuPont De Nemours, Inc., headquartered in Wilmington, United States, is a leading company in the Chemicals industry. Founded in 1802, the company has a workforce of approximately 20,000 employees. With annual revenue of 18 billion dollars, DuPont De Nemours is a major player in the chemicals market. The company is involved in various activities within the industry, including the production and distribution of industrial chemicals, polymer materials, and agricultural products. DuPont De Nemours is known for its innovative solutions and commitment to sustainability, continuously striving to develop products that meet the evolving needs of its customers while minimizing environmental impact.
#12 Asahi Kasei Corporation
Employees: 40K
Revenue: 20B$
Website: https://www.asahi-kasei.co.jp/
Description: Asahi Kasei Corporation is a leading chemical company based in Tokyo, Japan. Since its founding in 1922, the company has been actively involved in the chemicals industry, specializing in the production of various chemical products. Asahi Kasei Corporation is known for its innovative approach and commitment to sustainable solutions. With a workforce of approximately 40,000 employees, the company operates globally and serves customers across multiple sectors, including automotive, electronics, healthcare, and housing. Asahi Kasei Corporation has achieved significant revenue growth, reaching around 20 billion dollars annually. Through continuous research and development, the company aims to contribute to the advancement of the chemicals industry and address the evolving needs of its customers.
#11 Air Liquide SA
Employees: 67K
Revenue: 21.9B$
Website: https://www.airliquide.com/
Description: Air Liquide SA, headquartered in Paris, France, is a leading player in the chemicals industry. Founded in 1902, the company operates globally and specializes in the production and distribution of industrial gases and related services. With a workforce of approximately 67,000 employees, Air Liquide caters to a wide range of sectors including healthcare, energy, manufacturing, and technology. The company's revenue reached 21.9 billion USD, making it one of the major players in the global chemicals market. Air Liquide's commitment to innovation and sustainability drives its operations, as it strives to provide solutions that contribute to a cleaner and more sustainable future.
#10 LG Chem Ltd.
Employees: 30K
Revenue: 26B$
Website: https://www.lgchem.com
Description: LG Chem Ltd. is a leading chemical company headquartered in Seoul, South Korea. With a history dating back to 1947, the company has established itself as a major player in the chemicals industry. LG Chem operates in various sectors including petrochemicals, advanced materials, and energy solutions. The company's diverse portfolio includes products such as basic chemicals, specialty chemicals, and performance materials. LG Chem's petrochemical division produces a wide range of products including polymers, synthetic resins, and synthetic rubbers. The company is also heavily involved in the production of lithium-ion batteries for electric vehicles and energy storage systems, contributing to the growth of the renewable energy sector. With a workforce of approximately 30,000 employees, LG Chem continues to innovate and provide high-quality chemical solutions to meet the demands of various industries worldwide.
#9 Linde PLC
Employees: 80K
Revenue: 27B$
Website: https://www.linde.com
Description: Linde PLC is a global leader in the chemicals industry, specializing in industrial gases and engineering. With its headquarters in Munich, Germany, Linde operates across Europe and serves customers worldwide. The company was founded in 1879 and has since grown to become a major player in the industry, employing approximately 80,000 individuals. Linde generates an impressive annual revenue of 27 billion dollars, making it one of the top companies in the sector. Through its innovative products and solutions, Linde contributes to various industries, including healthcare, manufacturing, and energy, enabling progress and enhancing quality of life.
#8 LyondellBasell Industries NV
Employees: 17K
Revenue: 34B$
Website: https://www.lyondellbasell.com/
Description: LyondellBasell Industries NV is a leading chemical company headquartered in Houston, United States. With a history dating back to 2007, the company has established itself as a key player in the chemicals industry. LyondellBasell employs approximately 17,000 employees globally, contributing to its success in generating a revenue of 34 billion dollars. The company operates in various segments of the chemicals industry, including plastics, chemicals, refining, and technology. LyondellBasell is known for its innovative products and solutions that cater to a wide range of industries, including packaging, automotive, construction, and electronics. Through its commitment to sustainability and continuous improvement, LyondellBasell continues to be a major player in the chemicals industry, driving growth and delivering value to its stakeholders.
#7 Dow Inc.
Employees: 37K
Revenue: 43.0B$
Website: https://www.dow.com
Description: Dow Inc. is a leading chemical company headquartered in Midland, United States. With a history dating back to 1897, Dow operates in the chemicals industry and is known for its innovative and sustainable solutions. The company employs approximately 37,000 people globally and generates an annual revenue of 43.0 billion dollars. Dow's diverse portfolio includes products and materials used in sectors such as packaging, infrastructure, transportation, consumer care, and agriculture. With a strong focus on research and development, Dow continues to drive advancements in chemistry to address the world's most pressing challenges.
#6 SABIC
Employees: 40K
Revenue: 45B$
Website: https://www.sabic.com
Description: SABIC is a leading global chemical company headquartered in Riyadh, Saudi Arabia. With a history dating back to 1976, SABIC has grown to become one of the largest petrochemical manufacturers in the world. The company operates in the chemicals industry, specializing in the production of chemicals, polymers, fertilizers, and metals. SABIC's diverse product portfolio caters to various sectors such as automotive, construction, healthcare, packaging, and agriculture. With a workforce of approximately 40,000 employees, SABIC generates an annual revenue of 45 billion US dollars. The company's commitment to sustainability and innovation has positioned it as a key player in the global chemicals industry.
#5 Bayer AG
Employees: 100K
Revenue: 46B$
Website: https://www.bayer.com
Description: Bayer AG, headquartered in Leverkusen, Germany, is a leading player in the Chemicals industry. Founded in 1863, the company has a rich history and has grown to become a global powerhouse in the sector. With approximately 100,000 employees worldwide, Bayer AG operates in various segments of the chemicals industry, including pharmaceuticals, crop science, consumer health, and animal health. The company is known for its innovative and sustainable solutions in healthcare and agriculture, contributing to advancements in medical research, disease prevention, and food security. In 2020, Bayer AG reported a revenue of 46 billion USD, solidifying its position as one of the industry leaders.
#4 BASF SE
Employees: 122K
Revenue: 59.3B$
Website: https://www.basf.com
Description: BASF SE is a leading chemical company headquartered in Ludwigshafen, Germany. With a history dating back to 1865, BASF operates in the chemicals industry and is known for its wide range of products and innovative solutions. The company employs approximately 122,000 people worldwide, contributing to its annual revenue of 59.3 billion USD. BASF is focused on creating chemistry for a sustainable future, offering products and solutions in areas such as chemicals, performance materials, functional materials and solutions, agricultural solutions, and oil and gas. The company's commitment to sustainability is reflected in its efforts to develop environmentally friendly and energy-efficient solutions to meet the evolving needs of industries around the world.
#3 Ineos Group Holdings SA
Employees: 22K
Revenue: 60B$
Website: https://www.ineos.com/
Description: Ineos Group Holdings SA is a leading player in the Chemicals industry, with its headquarters in Lausanne, Switzerland. Founded in 1998, the company has grown to employ approximately 22,000 individuals worldwide. Ineos is known for its significant revenue of 60 billion dollars, making it one of the key players in the industry. The company operates across a wide range of chemical sectors, including petrochemicals, specialty chemicals, and oil refining. Ineos is committed to innovation and sustainability, constantly striving to develop new and improved chemical products that meet the evolving needs of its global customer base.
#2 Exxon Mobil Corporation
Employees: 72K
Revenue: 230B$
Website: https://corporate.exxonmobil.com
Description: Exxon Mobil Corporation, headquartered in Irving, United States, is a leading player in the Chemicals industry. Founded in 1999, the company has a workforce of approximately 72,000 employees. With an annual revenue of around 230 billion dollars, Exxon Mobil is a significant contributor to the chemical sector. The company operates across the globe, focusing on the production and distribution of a wide range of chemicals, including olefins, aromatics, polymers, and intermediates. Exxon Mobil's commitment to innovation and sustainable practices drives its continuous growth and success in the industry.
#1 Sinopec
Employees: 470K
Revenue: 400B$
Website: https://www.sinopecgroup.com/group/en/
Description: Sinopec is a major player in the Chemicals industry, with its headquarters located in Beijing, China. Founded in 2000, Sinopec has grown to become one of the largest chemical companies in the world. With a workforce of approximately 470,000 employees, Sinopec operates across various segments of the chemicals sector, including petrochemicals, synthetic fibers, rubber, resins, and specialty chemicals. The company is known for its extensive portfolio of chemical products and its strong presence in both domestic and international markets. Sinopec's annual revenue is estimated to be around 400 billion dollars, solidifying its position as a leading player in the global chemicals industry.
Summary
The chemical industry is a highly competitive sector, with several companies vying for the top positions. After thorough analysis, we have identified the top companies in the sub-industry of Chemicals based on their revenue, market share, and overall performance.
One of the outstanding findings from our investigation is the significant growth of these top companies despite facing challenges such as regulatory changes, fluctuating raw material prices, and global economic uncertainties.
Among the premier companies in the chemical industry are ExxonMobil, Dow Chemical, BASF, DuPont, and SABIC. These companies have established themselves as leaders in the market and have consistently delivered impressive financial results.
One shared element driving the prosperity of these leading firms is their focus on innovation. They invest heavily in research and development to introduce new products and technologies that meet the evolving needs of their customers.
What sets these eminent companies apart from their industry rivals is their commitment to sustainability. They prioritize environmental responsibility and actively work towards reducing their carbon footprint and implementing sustainable practices throughout their operations.