Coronavirus impact on chemical companies' stock price by revenue category 2020

The coronavirus (COVID-19) pandemic had a measurably negative impact on the stock price of commodity chemical and specialty chemical companies worldwide in February and March 2020 when compared to January 2020. The average stock decline of chemical companies with a medium-range revenue (between 500 million and five billion U.S. dollars in annual revenue) in February and March 2020 compared to January 2020 was 15 percent.

Commodity chemicals refers to a group of chemicals that are created on a very large scale in order to satisfy the global market demand for them, such as ethylene. Some of the main companies in this industry include BASF, LyondellBasell, and SABIC.
Specialty chemicals refers to chemicals that are sold based on their performance or functionality rather than on their composition. Some of the main companies in this industry include DSM, Clariant, Huntsman, and Ashland.

Percentage change in the stock price of chemical companies due to coronavirus (COVID-19) worldwide between January and March 2020, by revenue category*

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Sources

Release date

April 2020

Region

Worldwide

Survey time period

January to March 2020

Supplementary notes

*Average stock price decline of specialty chemicals companies and commodity chemicals companies. Values based on a comparison between January 2020 and February/March 2020.

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