Sunday, August 9, 2020

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
Dr. Amarendra Bhushan Dhiraj
CEO and editorial director of the CEOWORLD magazine, an extensively kudized author, noted journalist, syndicated columnist, and ostensible entrepreneur. Follow him on Twitter, Facebook or connect on LinkedIn.