Dow's revenue amounted to approximately 53.49 billion U.S. dollars in 2023. Thus Dow was ranked as the leading chemical company in the United States based on revenue as of June 2023. The ranking of the leading U.S. chemical companies based on revenue includes LyondellBasell Industries, PPG Industries, and DuPont following Dow to make up the four leading companies in this list.
Chemical companies worldwide
Several of the leading U.S. chemical companies also had spots among the 2023 top global chemical companies ranking based on revenue. Dow was not only the leading chemical company based on revenue in the U.S., it was the second leading chemical company worldwide based on this metric. Other chemical companies that made up the top five worldwide by revenue included German company BASF (in first place), Japan’s Mitsubishi Chemical Holdings, and LG Chem of South Korea.
Dow and DuPont
The U.S. enterprise, known as DowDuPont until the company was spun-off in June 2019, was formed by the merger between Dow Chemical and E. I. du Pont de Nemours and Company that was completed in September 2017. As a result of the merger, the company’s employee count almost doubled between 2016 and 2017. The multinational corporation was active in about 90 countries worldwide but generated about a third of its total revenue in the United States.
2023 ranking of leading United States chemical companies based on revenue
(in billion U.S. dollars)
Characteristic
Revenue in billion U.S. dollars
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Including chemical companies based in the United States. Excluding consumer goods companies and companies that are not mainly chemical companies. Revenues are global totals. Ranking compiled in March 2022 based on the latest available revenue.
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Financial Times. (June 16, 2023). 2023 ranking of leading United States chemical companies based on revenue (in billion U.S. dollars) [Graph]. In Statista. Retrieved July 27, 2024, from https://www.statista.com/statistics/257422/top-10-chemical-companies-worldwide-based-on-revenue/
Financial Times. "2023 ranking of leading United States chemical companies based on revenue (in billion U.S. dollars)." Chart. June 16, 2023. Statista. Accessed July 27, 2024. https://www.statista.com/statistics/257422/top-10-chemical-companies-worldwide-based-on-revenue/
Financial Times. (2023). 2023 ranking of leading United States chemical companies based on revenue (in billion U.S. dollars). Statista. Statista Inc.. Accessed: July 27, 2024. https://www.statista.com/statistics/257422/top-10-chemical-companies-worldwide-based-on-revenue/
Financial Times. "2023 Ranking of Leading United States Chemical Companies Based on Revenue (in Billion U.S. Dollars)." Statista, Statista Inc., 16 Jun 2023, https://www.statista.com/statistics/257422/top-10-chemical-companies-worldwide-based-on-revenue/
Financial Times, 2023 ranking of leading United States chemical companies based on revenue (in billion U.S. dollars) Statista, https://www.statista.com/statistics/257422/top-10-chemical-companies-worldwide-based-on-revenue/ (last visited July 27, 2024)
2023 ranking of leading United States chemical companies based on revenue (in billion U.S. dollars) [Graph], Financial Times, June 16, 2023. [Online]. Available: https://www.statista.com/statistics/257422/top-10-chemical-companies-worldwide-based-on-revenue/