Energy, chemicals, and industrial companies with the highest spending on R&D 2021

Published by
Einar H. Dyvik,
Jan 25, 2024

In 2021, the chemicals and energy producer that spent the most on research and development (R&D) was German company BASF, who spent over 2.2 billion euros. They were closely followed by Metallurgical Corporation of China, who spent just short of 2.2 billions that year. In total, 22 billion euros were spent by chemical companies and 17 billion euros by energy companies on R&D worldwide in 2020.

Ranking of the leading energy, chemicals, and industrial companies with the highest spending on research and development (R&D) in 2021 (in billion euros)

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Release date

December 2022

Region

Worldwide

Survey time period

2021

Supplementary notes

Source only includes the leading 20 R&D spenders in each of the regions EU, USA, China, Japan, and Rest of the World.

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