Top ten chemical companies worldwide based on revenue
Chemical companies produce and develop industrial chemicals through the conversion of raw materials –organic and inorganic- into a wide variety of products. Chemical production is classified into two separate categories. There are specialty batch manufacturers that produce more expensive chemicals that are less commonly used within the chemical market. These performance chemicals are often produced by smaller manufacturers. On the other hand, commodity manufacturers tend to produce a large volume of basic and inexpensive compounds. The production of organic polymers for plastics, fibers, and elastomers are a rapidly growing sector of the chemical industry.
The chemical manufacturing industry in the United States is quite prominent, with companies such as Dow Chemical and LyondellBasell Industries. The chemical sector in Europe represents a great proportion of their manufacturing trade surplus. Europe is one of the largest chemical trading regions in the world. Three of Germany’s chemical companies are considered some of the largest in the world. German companies BASF, Bayer, and Linde generated revenues of 67.4 billion, 53.9 billion, and 19.1 billion U.S. dollars in 2016/2017, respectively. BASF operates on a global scale and maintains its operations in chemicals, plastics, performance products, functional and agricultural solutions, and oil and natural gas. With headquarters around the world, Bayer is known for marketing heroin in the past and branding aspirin. The Linde group is a large industrial gas and engineering company. The company produces many gas products such as atmospheric oxygen, nitrogen, and argon.