World’s Top 50 Largest Chemical Companies Based On Sales In 2015
German chemical company BASF ranked number one among the world’s top 50 chemical companies, according to Chemical & Engineering News. The world’s 50 largest chemical companies combined for $775.2 billion in sales for 2015, fell 10.8 percent from a year earlier.
With $48.8 billion in sales for 2015, Dow Chemical is No. 2 on the list of the largest chemical companies in the world, followed by Sinopec, SABIC, and Taiwanese chemical maker Formosa Plastics Group.
Two major factor influencing the ranking: first is the oil prices, averaged about $49 per barrel in 2015, down from $93 in 2014, second factor is the currency strength. In 2014, a euro cost $1.33 on average. In 2015, it cost $1.11.
US chemicals giants Dow Chemical and DuPont’s planned $130 billion merger will create a behemoth that would have had nearly $70 billion in chemical sales, enough to consider the new company, the largest chemical company in the world.
World's Top 50 Largest Chemical Companies Based On Sales In 2015
| Rank | Company | Chemical Sales in 2015 | Country |
|---|---|---|---|
| 1 | BASF | $63.7 billion | Germany |
| 2 | Dow Chemical | $48.8 billion | US |
| 3 | Sinopec | $43.8 billion | China |
| 4 | SABIC | $34.3 billion | Saudi Arabia |
| 5 | Formosa Plastics | $29.2 billion | Taiwan |
| 6 | Ineos | $28.5 billion | Switzerland |
| 7 | ExxonMobil | $28.1 billion | US |
| 8 | LyondellBasell Industries | $26.7 billion | Netherlands |
| 9 | Mitsubishi Chemical | $24.3 billion | Japan |
| 10 | DuPont | $20.7 billion | US |
| 11 | LG Chem | $18.2 billion | South Korea |
| 12 | Air Liquide | $17.3 billion | France |
| 13 | Linde | $16.8 billion | Germany |
| 14 | AkzoNobel | $16.5 billion | Netherlands |
| 15 | Toray Industries | $15.5 billion | Japan |
| 16 | Evonik Industries | $15.0 billion | Germany |
| 17 | PPG Industries | $14.2 billion | US |
| 18 | Braskem | $14.2 billion | Brazil |
| 19 | Yara | $13.9 billion | Norway |
| 20 | Covestro | $13.4 billion | Germany |
| 21 | Sumitomo Chemical | $13.3 billion | Japan |
| 22 | Reliance Industries | $12.9 billion | India |
| 23 | Solvay | $12.3 billion | Belgium |
| 24 | Bayer | $11.5 billion | Germany |
| 25 | Mitsui Chemicals | $11.1 billion | Japan |
| 26 | Praxair | $10.8 billion | US |
| 27 | Shin-Etsu Chemical | $10.6 billion | Japan |
| 28 | Lotte Chemical | $10.4 billion | South Korea |
| 29 | Huntsman Corp. | $10.3 billion | US |
| 30 | Syngenta | $9.9 billion | Switzerland |
| 31 | DSM | $9.9 billion | Netherlands |
| 32 | Air Products & Chemicals | $9.9 billion | US |
| 33 | Eastman Chemical | $9.6 billion | US |
| 34 | Chevron Phillips Chemical | $9.2 billion | US |
| 35 | Mosaic | $8.9 billion | US |
| 36 | Lanxess | $8.8 billion | Germany |
| 37 | Borealis | $8.5 billion | Austria |
| 38 | Arkema | $8.5 billion | France |
| 39 | Asahi Kasei | $8.5 billion | Japan |
| 40 | Sasol | $8.3 billion | South Africa |
| 41 | SK Innovation | $8.2 billion | South Korea |
| 42 | DIC | $7.1 billion | Japan |
| 43 | Hanwha Chemical | $7.1 billion | South Korea |
| 44 | Lubrizol | $7.0 billion | US |
| 45 | Ecolab | $6.9 billion | US |
| 46 | Indorama | $6.9 billion | Thailand |
| 47 | Johnson Matthey | $6.5 billion | UK |
| 48 | Honeywell | $6.5 billion | US |
| 49 | PTT Global Chemical | $6.4 billion | Thailand |
| 50 | PotashCorp | $6.3 billion | Canada |
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