What are the top chemical companies by chemical sales?

If you are curious about the leading names in the chemical industry, look no further than the top chemical companies by chemical sales. Each year, organizations like Chemical & Engineering News publish rankings that showcase the world's largest chemical producers based on their annual sales, revealing significant trends and shifts within the market.

In a recent survey, the top chemical companies saw substantial growth. For instance, in 2021, the top 50 chemical firms collectively reported sales of approximately $1.1 trillion—a notable increase of 38% over the previous year. This upsurge can be attributed to global economic recovery following the downturn caused by the COVID-19 pandemic, combined with rising commodity prices that prompted these companies to increase their product prices accordingly.

Here are the top performing chemical companies as per their reported sales:

Leading Chemical Companies by Sales

1. BASF
Chemical sales: $93.0 billion

BASF has consistently held the title of the largest chemical producer worldwide. The company has been navigating through uncertain geopolitical situations, particularly due to its operations in Russia.

2. Sinopec
Chemical sales: $65.8 billion

A major player from China, Sinopec is expanding rapidly with multiple projects aimed at increasing its ethylene production capacity.

3. Dow
Chemical sales: $55.0 billion

Dow is making strides towards carbon neutrality by investing in new technologies across its operations, focusing on sustainability.

4. Sabic
Chemical sales: $43.2 billion

This Saudi Arabian giant has been increasing its footprint in both Europe and North America, significantly through joint ventures.

5. Formosa Plastics
Chemical sales: $43.2 billion

Despite challenges in securing approvals for new projects in the U.S., Formosa continues to be a heavyweight in the chemical sector.

Additional companies making the list include LyondellBasell, LG Chem, and ExxonMobil, each contributing significantly to the overall growth of the chemical industry.

For more detailed information on industry trends and insights into chemical sales, feel free to read more about TJCY.

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