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Leading chemical companies - Statistics & Facts

The global chemical industry consists of a lot of companies but is dominated by a handful of top players. These companies have secured the top five places in the chemistry business worldwide. Germany has always been a stronghold of the global chemical industry, thus, it is no wonder that two German companies – BASF and Linde - are among the five leading chemical companies worldwide. Two United States-based companies – Dow and LyondellBasell – are also among them. The top five based on revenue is completed by Mitsubishi Chemical Holdings from Japan.

BASF made some 59.3 billion euros of revenue in 2019, making it the world’s largest chemical company based on revenue. German chemical and pharmaceutical company Bayer had 43.5 billion euros of revenue in 2019 but was not included in the ranking due to the pharmaceutical aspect of the business. Dow, the second largest chemical company to be included in the ranking based on revenue reported around 41.75 billion U.S. dollars of total revenue that year. LyondellBasell and Mitsubishi Chemical Holdings followed with 33.44 and 33.24 billion U.S. dollars, respectively.

When it comes to net income, Japanese chemical company Shin-Etsu was the leader in the 2020 ranking of the leading global chemical companies based on net income, generating some 2.92 billion U.S. dollars of net income in 2019. In second place, LyondellBasell Industries generated 2.72 billion U.S. dollars. Third, France's Air Liquide generated 2.44 billion U.S. dollars of profit. In fourth place, LyondellBasell reported around 3.6 billion U.S. dollars of profit. BASF, the world's largest chemical company based on revenue only ranked fourth in terms of net income value, at 2.41 billion U.S. dollars that year.

Chemical companies are important employers, providing employment to hundreds of thousands of people all over the world. In 2019, BASF employed some 117,628 people, making them the largest employer in the chemical industry worldwide. In the same year, Linde employed some 79,100 people and LyondellBasell around 19,100 people. Mitsubishi Chemical Holdings Corporation employed some 72,020 people.

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Top chemical companies

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BASF

Dow Chemical

Bayer

Saudi Basic Industries

LyondellBasell Industries

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