Top 100 Chemical Companies Ranked

September 3, 2019

2 Min Read
Top 100 Chemical Companies Ranked

ICIS has announced its annual Top 100 Chemical Companies listing of global producers ranked by 2018 sales.

 

This year, China’s Sinopec vaulted into the number one spot as the world's leading chemical company with sales of $79.5B in 2018, a 25% increase from 2017. The break-up of last year’s top company, U.S.-based DowDuPont, into three separate firms paved the way for the new leader.  

 

Germany-based BASF came in second with 2018 sales of $71.8B, followed by U.S.-based Dow with $60.3B. Saudi Arabia-based SABIC took the number four slot with $42.2B in revenue, and U.S.-based LyondellBasell was in fifth with $39.0B.

 

“There were dynamic shifts in the ICIS Top 100 Chemical Companies ranking, with capacity additions, mergers and acquisitions (M&A), spinoffs, and currency playing major roles,” said Joseph Chang, global editor of ICIS Chemical Business.

 

2018 saw sales growth but profit gains were hard to come by, especially with U.S.-China trade war headwinds emerging in the latter part of the year, which contributed to massive destocking in the fourth quarter.

 

“Sales growth was certainly healthy, but the average decline in operating profit of 8% illustrates the margin pressure encountered by many producers in the difficult second half,” said Nigel Davis, ICIS insight editor.

 

The companies in the ICIS Top 100 Chemical Companies listing generated combined sales of $1.2 trillion in 2018, up by 10% from a year earlier.

 

The ICIS Top 100 Chemical Companies ranking is available for download as a PDF at www.icis.com/pages/icis-top-100-chemical-companies.

Click here for more industry news, updated throughout the day


 

 

Sign up for the Powder & Bulk Solids Weekly newsletter.

You May Also Like