10 Largest Chemical Companies in the World

When someone mentions chemical companies, you probably think of industrial-use compounds that you’d never use during daily life. However, many chemical companies also produce a staggering variety of common household items such as plastic packaging and fertilizers for your garden.

With such a wide range of products to manufacture, some chemical companies can make a jaw-dropping amount of money by the end of each year! Today, let’s look at 10 of the largest chemical companies in the world and rank them according to the money they’ve made from chemical sales. We’ll also learn some fun facts about each one along the way.

  1. LG Chem

Chemical Sales: $23,217 million
Notable Product: Acrylonitrile butadiene styrene
Headquarters Location: Seoul, South Korea
Year Founded: 1995

LG Chem  Source: wikimedia.org

Most people recognize the LG Corporation conglomerate for its consumer electronics and appliances. However, they also have stakes in the chemical industry: And LG Chemical is the largest Korean chemical company of all. Its primary product, Acrylonitrile Butadiene Styrene, is known for its durability and temperature resistance. This versatile plastic is used in everything from vacuum cleaners to computer keys. LG Chemical has also developed solar-paired RESU batteries.

Did You Know?

LG Chemical actually operates in three segments: IT & Electronic Materials, Petrochemicals, and Batteries.

  1. Mitsubishi Chemical Holdings Corporation

Chemical Sales: $26,422 million
Notable Product: Carbon Fiber Reinforced Plastic
Headquarters Location: Tokyo, Japan
Year Founded: 2005

Mitsubishi Chemical Holdings Corporation  Source: wikimedia.org

The Mitsubishi Group doesn’t just produce world-famous vehicles and industrial equipment. This conglomerate is made up of around 40 different companies, and its Chemical Holdings subsidiary handles industrial chemicals, plastics, and pharmaceuticals. Mitsubishi Chemical Corporation and Mitsubishi Pharma Corporation merged together in 2005 to create the Mitsubishi Chemical Holdings Corporation.

Did You Know?

A fire broke out in one of the Mitsubishi Chemical plants in 2007, leading the company to place a much greater emphasis on safety and good work principles.

  1. LyondellBasell

Chemical Sales: $28,319 million
Notable Product: Ethylene
Headquarters Location: Netherlands
Year Founded: 2007

LyondellBasell  Source: wikimedia.org

This multinational chemical company operates in around 100 different countries and is primarily Netherlands-based. However, it also has a United States headquarters location in Houstin, Texas and another in London, UK. LyondellBasell was formed by the merger of Basell AF and Lyondell Chemical Company, and has grown to employ more than 19,000 people around the globe.

Did You Know?

In 2015, LyondellBasell raised $2.7 million to make a charity donation to United Way.

  1. ExxonMobil Chemical

Chemical Sales: $28,694 million
Notable Product: Petrochemicals
Headquarters Location: Texas, USA
Year Founded: 1999

ExxonMobil Chemical   Source: wikimedia.org

ExxonMobil is primarily known for its oil and gas production and trade, but it also produces a vast array of polymers, resins, solvents, and plastics through its ExxonMobil Chemical brand. Some of this company’s more recognizable, everyday products include plastic storage containers, shrink packaging, and plastic bags.

Did You Know?

ExxonMobil’s reputation is tied to its crude oil and natural gas production, which has repeatedly been found to be ethically questionable. The company has stated that it’s been taking steps to improve its carbon footprint.

  1. Formosa Plastics

Chemical Sales: $32,118 million
Notable Product: Polyvinyl chloride
Headquarters Location: Kaohsiung City, Taiwan
Year Founded: 1954

Formosa Plastics  Source: wikimedia.org

This Taiwanese chemical company is the largest producer worldwide of the extremely versatile poly vinyl chloride, commonly known as PVC. Formosa Plastics is also the largest non-government enterprise in Taiwan. Successful entrepreneur Wang Yung-Ching founded the entire Formosa Plastics Group conglomerate around Formosa Plastics to include biotechnology and electronics production. The company also has facilities in Texas which are managed by affiliate Formosa Plastics Corp. USA.

Did You Know?

Other Formosa Plastics chemical products include acrylonitrile, epoxy chloropropane, and methacrylic ester.

  1. Ineos

Chemical Sales: $34,635 million
Notable Product: LDPE compounds
Headquarters Location: London, UK
Year Founded: 1998

Ineos  Source: wikimedia.org

This multinational chemical company has several other registered offices throughout the United Kingdom and maintains aroune 171 facilities throughout 24 different countries. Ineos encompasses the only crude oil refinery in Scotland and operates in key industries such as packaging and food, fuels and lubricants, and construction. Ineos also announced its plans to invest one billion British pounds in several projects including the improvement of the Forties Pipeline System.

Did You Know?

Ineos avoids middle management as much as possible, preferring for its employees to work in a team setting.

  1. SABIC

Chemical Sales: $37,620 million
Notable Product: Polybutadiene rubber
Headquarters Location: Saudi Arabia
Year Founded: 1976

SABIC  Source: wikimedia.org

Saudi Basic Industries Corporation (SABIC) is said to be the largest public company in the Middle East and Saudi Arabia, and it employs a workforce of more than 33,000 people throughout over 50 countries. SABIC’s five core business divisions are Basic Chemicals, Intermediates, Polymers, Fertilizers, and Metals. This company is the largest producer of several chemical substances worldwide, including polyphenylene.

Did You Know?

Despite being listed as a public company, the Saudi government still retains ownership of 70% of SABIC’s shares.

  1. Sinopec

Chemical Sales: $55,323 million
Notable Product: Petrochemicals
Headquarters Location: Beijing, China
Year Founded: 2000

Sinopec  Source: wikimedia.org

China’s oil and gas production industry is consolidated into three main companies, with China Petroleum and Chemical Corporation Limited (Sinopec) being the largest of them all. Alongside crude oil and natural gas production, Sinopec produces derivative petrochemical products and other chemical products such as synthetic rubbers, plastics, and fertilizers.

Did You Know?

Sinopec has repeatedly been subject to criticism as a result of its negative impact upon the environment in the form of pollution and habitat destruction.

  1. Dow Inc.

Chemical Sales: $62,484 million
Notable Product: Elemental chlorine
Headquarters Location: Michigan, USA
Year Founded: 2019

Dow Inc.  Source: wikimedia.org

This chemical company is a spinoff of the larger predecessor DuPont de Nemours, Inc., which evolved through an extensive history of mergers and company adaptations following World War I. Dow’s primary subsidiary is The Dow Chemical Company (TDCC), which traces its roots all the way back to 1897 when it was created to help sister companies with chemical extraction.

Did You Know?

The Dow Chemical Company employs 54,000 people in 160 countries around the world.

  1. BASF

Chemical Sales: $69,195 million
Notable Product: Semi-crystalline polyamide
Headquarters Location: Ludwigshafen, Germany
Year Founded: 1865

BASF   Source: wikimedia.org

BASF is the largest chemical company in the world by chemical sales. It was formerly called Badische Anilin-und SodaFabrik AG and is now formally known as BASF Aktiengesellschaft and sits at the top of Germany’s three largest chemical companies. BASF produces synthetic dyes, pigments, inks, cosmetic bases, and fertilizers–just to name a few of its products!

Did You Know?

BASF’s profits and high level of success is especially impressive when you consider that chemical companies are currently among the worst-performing sectors in Europe.

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