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Leading chemical companies - statistics & facts

As a whole, the global chemical industry consists of many companies, but is dominated by a handful of top players. These companies have secured the top five places in the chemistry business worldwide. Accounting for more than one-tenth of global chemical exports, Germany has always been a stronghold of the global chemical industry, thus, it is no wonder that BASF, a German company, ranks as the number one chemical company worldwide based on revenue. Two United States-based companies – Dow and LyondellBasell – are also among the world's top five chemical companies based on revenue. This top five ranking is completed by LG Chem from South Korea and Mitsubishi Chemical Holdings from Japan.

Revenue comparison of the leading chemical companies

BASF made some 78.6 billion euros of revenue in 2021, making it the world’s largest chemical company based on revenue. German chemical and pharmaceutical company Bayer had 44 billion euros of revenue in 2021 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 55 billion U.S. dollars of total revenue that year. The third, fourth, and fifth leading companies had relatively close revenues: LyondellBasell with 46.2 billion U.S. dollars, LG Chem with 34.4 billion U.S. dollars, and Mitsubishi Chemical Holdings with 32.2 billion U.S. dollars.

Another angle: chemical companies by net income

Chemical company Dow was the leader in the ranking of the leading global chemical companies based on net income, generating some 6.4 billion U.S. dollars of net income in 2021. In second place, BASF, the world's largest chemical company based on revenue, generated 5.5 billion euros in net income in that year, after registering a net loss of 1.06 billion euros in 2020.

Chemical industry employment: company snapshots

Chemical companies are important employers. Alone, the leading fifteen chemical companies based on employees provide employment to hundreds of thousands of people all over the world. In 2021, BASF employed some 111 thousand people, making them the largest employer in the chemical industry worldwide. In the same year, the second-largest employer, industrial gases and chemical company Linde, employed some 72 thousand people. Mitsubishi Chemical Holdings Corporation ranked as the third largest chemical employer with almost 70 thousand people employed.

Interesting statistics

In the following 6 chapters, you will quickly find the 31 most important statistics relating to "Top chemical companies".

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