List of largest chemical producers

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The Friedrich-Engelhorn-Hochhaus, headquarters of BASF from 1957 to 2013

Chemical & Engineering News publishes an annual list of the world's largest chemical producers by sales, excluding formulated products such as pharmaceutical drugs and coatings.[1] In 2014, sales of the top fifty companies amounted to US$961.3 billion, an decrease of 0.4% compared to the top fifty producers of 2013.[2] The American Chemistry Council estimated that global chemical sales in 2014 rose by 3.7% to US$5.389 trillion.[3]

BASF was the world's largest chemical producer for the ninth year in a row.[2] More than half of the companies on the list were headquartered in the United States (twelve), Japan (eight) or Germany (six); eighteen countries in total were represented.

Forty-four of the companies on the list disclosed chemical profits, which totaled US$82.7 billion, an increase of 3.8% from 2013. The average profit margin for these companies was 9.6%.[2]

The top fifty producers in 2014 by sales

Rank Company Chemical sales in 2014
USD millions[A]		 Change from 2013 Headquarters
1 BASF 78,698 0.0% Germany Ludwigshafen, Germany
2 Dow Chemical 58,167 1.9 United States Midland, USA
3 Sinopec 57,953 −4.6 China Beijing, China
4 SABIC 43,341 −0.6 Saudi Arabia Riyadh, Saudi Arabia
5 ExxonMobil 38,178 −2.2 United States Irving, USA
6 Formosa Plastics 37,059[C] −2.2 Taiwan Taipei, Taiwan
7 LyondellBasell 34,839 4.3 United States Houston, USA
8 DuPont 29,945[B] −3.5 United States Wilmington, USA
9 Ineos 29,652 10.2 Switzerland Rolle, Switzerland
10 Bayer 28,120 5.4 Germany Leverkusen, Germany
11 Mitsubishi Chemical 26,342 6.9 Japan Tokyo, Japan
12 Royal Dutch Shell 24,607[B] −41.8 Netherlands The Hague, Netherlands
13 LG Chem 21,456 −2.4 South Korea Seoul, South Korea
14 Braskem 19,578 12.4 Brazil São Paulo, Brazil
15 Air Liquide 19,210 0.2 France Paris, France
16 AkzoNobel 19,011 −2.0 Netherlands Amsterdam, Netherlands
17 The Linde Group 18,593 0.1 Germany Munich, Germany
18 Sumitomo Chemical 17,833 6.6 Japan Tokyo, Japan
19 Mitsui Chemicals 17,201 −1.5 Japan Tokyo, Japan
20 Evonik Industries 17,177 0.3 Germany Essen, Germany
21 Toray Industries 17,006 10.6 Japan Tokyo, Japan
22 Reliance Industries 15,870 −6.9 India Mumbai, India
23 Yara International 15,141 12.1 Norway Oslo, Norway
24 PPG Industries 14,250 8.0 United States Pittsburgh, USA
25 Solvay 14,134 2.5 Belgium Brussels, Belgium
26 Lotte Chemical 14,121 −9.6 South Korea Seoul, South Korea
27 Chevron Phillips Chemical 13,416 2.0 United States The Woodlands, USA
28 DSM 12,344 −3.5 Netherlands Heerlen, Netherlands
29 Praxair 12,273 2.9 United States Danbury, USA
30 SK Innovation 12,011 1.7 South Korea Seoul, South Korea
31 Shin-Etsu Chemical 11,874[B] 7.7 Japan Tokyo, Japan
32 Huntsman 11,578 4.5 United States The Woodlands, USA
33 Syngenta 11,286 4.6 Switzerland Basel, Switzerland
34 Borealis 11,076 2.7 Austria Vienna, Austria
35 Lanxess 10,646 −3.5 Germany Cologne, Germany
36 Asahi Kasei 10,628 2.8 Japan Tokyo, Japan
37 Sasol 10,299 20.9 South Africa Johannesburg, South Africa
38 Air Products & Chemicals 9,989 2.7 United States Allentown, USA
39 Eastman Chemical 9,527 1.9 United States Kingsport, USA
40 PTT Global Chemical 9,522 1.1 Thailand Bangkok, Thailand
41 Mosaic 9,056 −9.2 United States Plymouth, USA
42 DIC 8,218 17.0 Japan Tokyo, Japan
43 Arkema 7,915 −2.4 France Colombes, France
44 Tosoh 7,657[B] 4.8 Japan Tokyo, Japan
45 Hanwha Chemical 7,655 2.4 South Korea Seoul, South Korea
46 Siam Cement 7,617 18.2 Thailand Bangkok, Thailand
47 Indorama Ventures 7,514 6.5 Thailand Bangkok, Thailand
48 BP 7,284 −15.6 United Kingdom London, United Kingdom
49 Ecolab 7,215[B] 11.4 United States St. Paul, United States
50 Johnson Matthey 7,203[B] 11.7 United Kingdom London, United Kingdom
A.^ Some figures converted at 2014 average exchange rates of US$1.00 = R$2.3512, GB£0.6066, CN¥6.16, €0.752, ₹61.00, ¥105.74, ₩1,052.29 , kr 6.2969, SAR 3.75, CHF0.9147, NT$30.229, and ฿32.461.[2]
B.^ Sales include a significant amount of non-chemical products.[2]
C.^ Estimate by Chemical and Engineering News.[2]

The largest companies before 2014

Since Chemical & Engineering News began keeping records in 1989, BASF has been the world's largest chemical producer by annual sales more frequently than any other company. The other companies that have headed the list are Dow Chemical, Hoechst (which merged with Rhône-Poulenc in 1999 and is now a subsidiary of Sanofi), ICI (acquired by AkzoNobel in 2008) and Bayer.

Year Company Chemical sales
USD millions[A]		 Source
1988 Bayer 22,694 [4]
1989 BASF 17,122 [5]
1990 BASF 18,520 [1]
1991 ICI 18,127 [6]
1992 BASF 22,883 [7]
1993 Hoechst 16,682 [8]
1994 Hoechst 19,702 [9]
1995 BASF 22,030 [10]
1996 BASF 26,519 [11]
1997 BASF 27,047 [12]
1998 BASF 27,740 [13]
1999 BASF 31,250 [14]
2000 BASF 30,791 [15]
2001 Dow Chemical 27,805 [16]
2002 Dow Chemical 27,609 [17]
2003 Dow Chemical 32,632 [18]
2004 Dow Chemical 40,161 [19]
2005 Dow Chemical 46,307 [20]
2006 BASF 49,516 [21]
2007 BASF 65,037 [22]
2008 BASF 70,485 [23]
2009 BASF 54,817 [24]
2010 BASF 70,391 [25]
2011 BASF 85,603 [26]
2012 BASF 79,760 [27]
2013 BASF 78,615 [28]
A.^ Foreign currencies converted to USD using average exchange rates of that year.

References

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