Global Top 50

After 12 years of BASF dominance, DowDuPont tops the ranking.

RANK            
2018 2017a COMPANY CHEMICAL SALES ($ MILLIONS) CHANGE FROM 2017 CHEMICAL SALES AS % OF TOTAL SALES HEADQUARTERS CHEMICAL OPERATING PROFITSb($ MILLIONS) CHANGE FROM 2017 CHEMICAL OPERATING PROFITS AS % OF TOTAL OPERATING PROFIT OPERATING PROFIT MARGINc IDENTIFIABLE CHEMICAL ASSETS ($ MILLIONS) CHEMICAL ASSETS AS % OF TOTAL ASSETS OPERATING RETURN ON CHEMICAL ASSETSd
12DowDuPonte$85,97737.6%100.0%US$8,41256.2%100.0%9.8%$188,030100.0%4.5%
21BASF74,0662.4100.0Germany7,462-23.7100.010.1102,288100.07.3
33Sinopec69,21022.416.2China3,92913.932.35.723,73512.916.6
44Sabic42,12012.093.4Saudi Arabia9,51816.898.322.679,75193.411.9
55Ineos36,9702.1100.0UK4,289-9.3100.011.6n/an/an/a
66Formosa Plasticsf36,89113.863.9Taiwan4,022-17.557.210.947,97769.98.4
77ExxonMobil Chemical32,44313.111.6US4,162-24.913.712.836,03510.411.5
88LyondellBasell Industries30,7838.778.9Netherlands5,615-6.199.818.2n/an/an/a
99Mitsubishi Chemical28,7477.180.9Japan2,382-12.182.98.339,91579.16.0
1011LG Chem25,6379.7100.0South Korea2,043-23.3100.08.026,330100.07.8
1112Reliance Industries25,16737.322.3India4,70651.948.618.719,00813.024.8
12PetroChina24,849n/a7.0China1,1845.96.54.8n/an/an/a
1310Air Liquide24,3222.898.0France2,3795.9101.19.845,31296.95.2
1414Toray Industries18,6518.786.2Japan1,378-7.590.27.4n/an/an/a
1515Evonik Industries17,7554.2100.0Germany2,07810.2100.011.723,968100.08.7
1616Covestro17,2733.4100.0Germany2,982-7.3100.017.313,099100.022.8
1727Bayere16,85949.036.0Germany3,708154.180.222.090,76960.84.1
1818Sumitomo Chemical16,0818.776.6Japan1,182-23.363.97.418,57664.76.4
1920Braskem15,88517.7100.0Brazil2,250-16.2100.014.216,212100.013.9
2019Lotte Chemical15,0514.2100.0South Korea1,790-32.8100.011.918,921100.09.5
2124Linde plc14,90030.3100.0UK2,244-10.2100.015.193,386100.02.4
2221Shin-Etsu Chemicale14,43910.6100.0Japan3,65719.9100.025.327,525100.013.3
2323Mitsui Chemicals13,43211.6100.0Japan846-9.7100.06.313,597100.06.2
2422Solvay13,3533.7100.0Belgium1,6060.0100.012.025,999100.06.2
2526Yara12,92813.8100.0Norway402-12.0100.03.116,656100.02.4
2633Chevron Phillips Chemical11,31024.8100.0USn/an/an/an/a16,610100.0n/a
2728DSM10,9517.4100.0Netherlands1,44643.3100.013.216,120100.09.0
2835Indorama10,74721.2100.0Thailand90335.6100.08.411,739100.07.7
2929Asahi Kasei10,6548.154.2Japan1,1746.353.511.013,51758.08.7
3030Arkema10,4185.9100.0France1,17110.5100.011.211,949100.09.8
3132Syngenta10,41312.677.0Switzerlandn/an/an/an/an/an/an/a
3231Eastman Chemical10,1516.3100.0US1,5238.2100.015.015,995100.09.5
3334Borealis9,85210.2100.0Austria558-39.6100.05.711,757100.04.8
3436SK Innovation9,71914.419.6South Korea1,017-18.952.810.5n/an/an/a
3545Mosaic9,58729.4100.0US1,157113.7100.012.120,119100.05.8
3637Huntsman9,37912.2100.0US1,04319.9100.011.17,953100.013.1
3741Wanhua Chemical9,17214.1100.0China2,434-5.2100.026.511,638100.020.9
3843PTT Global Chemical8,96915.755.9Thailand1,0343.185.711.510,16970.010.2
3939Ecolabe8,96411.061.1US1,1276.257.912.6n/an/an/a
4038Air Products & Chemicals8,9309.1100.0US1,91515.0100.021.419,178100.010.0
4140Westlake Chemical8,6357.4100.0US1,54213.2100.017.911,602100.013.3
4225Lanxess8,505-25.5100.0Germany689-12.3100.08.110,266100.06.7
43Nutrien8,13075.941.4Canada2,297252.378.428.324,50253.89.4
44Umicoree8,11327.150.1Belgium48859.083.76.06,82295.47.2
4542Sasol8,1104.259.1South Africa663-43.949.48.221,46066.03.1
4644Tosoh7,8034.7100.0Japan957-19.1100.012.37,955100.012.0
47Johnson Mattheye7,57916.152.8UK5856.877.47.72,76660.521.2
4846DIC7,2962.0100.0Japan438-14.3100.06.07,296100.06.0
4947Hanwha Chemicalb7,2733.374.2South Korea324-44.797.24.514,61675.02.2
50Celanese7,15516.5100.0US1,35443.7100.018.99,313100.014.5

Note: Some figures converted at 2018 average exchange rates of US$1.00 = 3.6513 Brazilian reais, 6.609 Chinese yuan, 0.8462 euros, 68.37 Indian rupees, 110.1 Japanese yen, 1099.29 Korean won, 3.75 Saudi riyals, 13.2255 South African rand, 0.9784 Swiss francs, 30.129 New Taiwan dollars, and 32.303 Thai baht.
n/a: not available.
a: Prior-year rankings have been revised from the July 30, 2018, issue of C&EN to reflect restated prior-year results and changes in exchange rates.
b: Chemical sales less administrative expenses and cost of sales.
c: Chemical operating profit as a percentage of chemical sales.
d: Chemical operating profit as a percentage of identifiable chemical assets.
e: Chemical sales include a significant amount of nonchemical products.
f: C&EN estimates.