The global chemical industry generates revenues of over $3 trillion and produces intermediaries and precursors for the majority of other consumer industries. Europe, North America, and APAC are the major contributing region in the chemical industries with major chemical companies located in these areas. The chemical companies are profoundly affected by factors such as volatile commodity prices, stringent regulations, rapid innovation, and managing operational and manufacturing data. However, chemical companies have successfully tackled such challenges to create massive revenues for themselves.
Top 5 Global Chemical Companies
BASF SE is a German company and one of the largest chemical companies in the world for the 9th year in a row. With an employee base of more than 122,000, the company posted a sales figure of €57.5 billion in the year 2016. The company has a wide product range including chemicals, coatings, plastics, performance chemicals, catalysts, crop technology, crude oil and natural gas exploration and production. Their chemical SBU manufactures a wide range of industrial chemicals including amines, resins, solvents, glues, industrial gases, petrochemicals, and inorganic compounds.
The Dow Chemical Company was is one of an American multinational chemical companies which merged with DuPont to form DowDuPont. In terms of market capitalization, it is the second-largest chemical company in the world. The company provides products and solutions to industries including agriculture, automotive, construction, energy, consumer goods, packaging, and infrastructure. Plastics, chemicals, and agricultural products are some of the prominent offerings from the company. With a presence over 160 countries, it is referred to as a chemical company for the chemical companies, as in they sell most of its product to other chemical companies instead of end-user industry.
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Sinopec is the largest supplier of petrochemicals in China for more than a decade. The company has come a long way experiencing rapid growth prospects as it was only the ninth-largest chemical company a decade ago. The state-owned petroleum energy and chemical companies indulge in oil and gas exploration, production and sales of petrochemicals, chemical fertilizers, chemical fibres, and other chemical products. Additionally, it is also involved in storage and pipeline transportation of crude oil and natural gas, export and import business of crude oil, petrochemicals, and other chemicals.
SABIC is a Saudi company involved in the manufacturing of chemicals and intermediates, industrial polymers, fertilizers, and metals. With revenues of $35.5 billion in 2016, it is the fourth largest chemical company. It is also the second-largest producer of ethylene glycol and the world’s largest producer of MTBE, polyphenylene, granular urea, polycarbonate, and polyetherimide.
ExxonMobil is an American multinational oil and gas corporation that was formed by the merger of Exxon and Mobil. It is one of the largest chemical companies in the world with a daily production of 3.921 million BOE. This chemical company’s main line of chemical business comes from petrochemicals which is why recently doubled its petrochemical capacity at its refining and petrochemical complex in Singapore.
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