Executive Education

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

RankCompanyChemical Sales in 2015Country
1BASF$63.7 billionGermany
2Dow Chemical$48.8 billionUS
3Sinopec$43.8 billionChina
4SABIC$34.3 billionSaudi Arabia
5Formosa Plastics$29.2 billionTaiwan
6Ineos$28.5 billionSwitzerland
7ExxonMobil$28.1 billionUS
8LyondellBasell Industries$26.7 billionNetherlands
9Mitsubishi Chemical$24.3 billionJapan
10DuPont$20.7 billionUS
11LG Chem$18.2 billionSouth Korea
12Air Liquide$17.3 billionFrance
13Linde$16.8 billionGermany
14AkzoNobel$16.5 billionNetherlands
15Toray Industries$15.5 billionJapan
16Evonik Industries$15.0 billionGermany
17PPG Industries$14.2 billionUS
18Braskem$14.2 billionBrazil
19Yara$13.9 billionNorway
20Covestro$13.4 billionGermany
21Sumitomo Chemical$13.3 billionJapan
22Reliance Industries$12.9 billionIndia
23Solvay$12.3 billionBelgium
24Bayer$11.5 billionGermany
25Mitsui Chemicals$11.1 billionJapan
26Praxair$10.8 billionUS
27Shin-Etsu Chemical$10.6 billionJapan
28Lotte Chemical$10.4 billionSouth Korea
29Huntsman Corp.$10.3 billionUS
30Syngenta$9.9 billionSwitzerland
31DSM$9.9 billionNetherlands
32Air Products & Chemicals$9.9 billionUS
33Eastman Chemical$9.6 billionUS
34Chevron Phillips Chemical$9.2 billionUS
35Mosaic$8.9 billionUS
36Lanxess$8.8 billionGermany
37Borealis$8.5 billionAustria
38Arkema$8.5 billionFrance
39Asahi Kasei$8.5 billionJapan
40Sasol$8.3 billionSouth Africa
41SK Innovation$8.2 billionSouth Korea
42DIC$7.1 billionJapan
43Hanwha Chemical$7.1 billionSouth Korea
44Lubrizol$7.0 billionUS
45Ecolab$6.9 billionUS
46Indorama$6.9 billionThailand
47Johnson Matthey$6.5 billionUK
48Honeywell$6.5 billionUS
49PTT Global Chemical$6.4 billionThailand
50PotashCorp$6.3 billionCanada
Track Latest News Live on CEOWORLD magazine and get news updates from the United States and around the world. The views expressed are those of the author and are not necessarily those of the CEOWORLD magazine.
Follow CEOWORLD magazine headlines on: Google News, LinkedIn, Twitter, and Facebook.
Thank you for supporting our journalism. Subscribe here.
For media queries, please contact: info@ceoworld.biz
Prof. Dr. Amarendra Bhushan Dhiraj
Prof. Dr. Amarendra Bhushan Dhiraj is a media and technology executive, macro-economist, strategic thinker, chair, and chief executive officer of the CEOWORLD magazine, one of the world’s most influential and recognized global news publications. Under Dr. Amarendra's leadership, CEOWORLD magazine has become the world's most iconic news organization, whose rigorous reporting and unsurpassed storytelling connect with millions of business leaders daily. Additionally, he serves as the chair and founding member of the CEOWORLD magazine’s Inclusion Advisory Board.

In his current role, he counsels and collaborates with c-suite executives of large multinational corporations, helping them drive change in their companies to improve their competitiveness. Dr. Amarendra has extensive experience in serving on numerous boards. He leads and supports a globally dispersed team of columnists, correspondents, editors, journalists, reporters, researchers, and industry analysts.

He received his Ph.D. in Finance and Banking from the European Global School, Paris, France. He also received his Doctoral Degree in Chartered Accountancy from the European International University Paris, France, and a Doctorate in Business Administration from Kyiv National University of Technologies and Design (KNUTD), Ukraine. He earned his Master of Business Administration degree in Finance and his master’s degree in Chartered Accountancy (CA) from European Global School Paris. Dr. Amarendra also holds a Master of Business Administration degree in International Relations and Affairs from the American University of Athens, Alabama, United States.

As CEO, he transformed the CEOWORLD magazine into a highly efficient, digital-first, profitable enterprise. Today, CEOWORLD magazine is a standard bearer for modern responsible journalism. Dr. Amarendra retains a strong desire to continuously improve his skills and abilities and believes that the first step to being a true leader is to inspire others to lead with you.

Prof. Dr. Amarendra Bhushan Dhiraj is the CHAIR, CEO, AND EDITORIAL DIRECTOR of the CEOWORLD magazine. Connect with him through LinkedIn.