List of largest chemical producers

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% | ![]() |
2 | Dow Chemical | 58,167 | 1.9 | ![]() |
3 | Sinopec | 57,953 | −4.6 | ![]() |
4 | SABIC | 43,341 | −0.6 | ![]() |
5 | ExxonMobil | 38,178 | −2.2 | ![]() |
6 | Formosa Plastics | 37,059[C] | −2.2 | ![]() |
7 | LyondellBasell | 34,839 | 4.3 | ![]() |
8 | DuPont | 29,945[B] | −3.5 | ![]() |
9 | Ineos | 29,652 | 10.2 | ![]() |
10 | Bayer | 28,120 | 5.4 | ![]() |
11 | Mitsubishi Chemical | 26,342 | 6.9 | ![]() |
12 | Royal Dutch Shell | 24,607[B] | −41.8 | ![]() |
13 | LG Chem | 21,456 | −2.4 | ![]() |
14 | Braskem | 19,578 | 12.4 | ![]() |
15 | Air Liquide | 19,210 | 0.2 | ![]() |
16 | AkzoNobel | 19,011 | −2.0 | ![]() |
17 | The Linde Group | 18,593 | 0.1 | ![]() |
18 | Sumitomo Chemical | 17,833 | 6.6 | ![]() |
19 | Mitsui Chemicals | 17,201 | −1.5 | ![]() |
20 | Evonik Industries | 17,177 | 0.3 | ![]() |
21 | Toray Industries | 17,006 | 10.6 | ![]() |
22 | Reliance Industries | 15,870 | −6.9 | ![]() |
23 | Yara International | 15,141 | 12.1 | ![]() |
24 | PPG Industries | 14,250 | 8.0 | ![]() |
25 | Solvay | 14,134 | 2.5 | ![]() |
26 | Lotte Chemical | 14,121 | −9.6 | ![]() |
27 | Chevron Phillips Chemical | 13,416 | 2.0 | ![]() |
28 | DSM | 12,344 | −3.5 | ![]() |
29 | Praxair | 12,273 | 2.9 | ![]() |
30 | SK Innovation | 12,011 | 1.7 | ![]() |
31 | Shin-Etsu Chemical | 11,874[B] | 7.7 | ![]() |
32 | Huntsman | 11,578 | 4.5 | ![]() |
33 | Syngenta | 11,286 | 4.6 | ![]() |
34 | Borealis | 11,076 | 2.7 | ![]() |
35 | Lanxess | 10,646 | −3.5 | ![]() |
36 | Asahi Kasei | 10,628 | 2.8 | ![]() |
37 | Sasol | 10,299 | 20.9 | ![]() |
38 | Air Products & Chemicals | 9,989 | 2.7 | ![]() |
39 | Eastman Chemical | 9,527 | 1.9 | ![]() |
40 | PTT Global Chemical | 9,522 | 1.1 | ![]() |
41 | Mosaic | 9,056 | −9.2 | ![]() |
42 | DIC | 8,218 | 17.0 | ![]() |
43 | Arkema | 7,915 | −2.4 | ![]() |
44 | Tosoh | 7,657[B] | 4.8 | ![]() |
45 | Hanwha Chemical | 7,655 | 2.4 | ![]() |
46 | Siam Cement | 7,617 | 18.2 | ![]() |
47 | Indorama Ventures | 7,514 | 6.5 | ![]() |
48 | BP | 7,284 | −15.6 | ![]() |
49 | Ecolab | 7,215[B] | 11.4 | ![]() |
50 | Johnson Matthey | 7,203[B] | 11.7 | ![]() |
- 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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