Introduction

In the current context we have decided to deepen our knowledge of chemical companies and share it with you. We did not limit our investigation only to the top-100 but targeted 300 companies (among 400 identified companies). This resulted in a thorough study that we are introducing  hereafter in this D-News. If you are interested in getting more information and the full analysis you can purchase the exhaustive study namely the Market Report in PDF format (option 1). You can also choose to add the Data Excel file (option 2) and complete option 2 with the Complete Book of the Data Sources (option 3).

You will find all the commercial options we propose around this topic at the bottom of this D-News after the article.

Our study is based on 2018 chemical sales rankings and major financial data (but not only) for 2019 disclosed by various chemical companies. We, Daydream & Dynovel selected the top 300 chemical companies according to chemical sales revenue in 2019. For most companies, the latest data came from calendar year 2019, while the remaining companies reported different 12-month periods.

In the report we evaluated the efficiency and innovativeness of the Top 300 chemical companies by using such unconventional parameters as Turnover / Employees (for the efficiency), Patents / employees and R&D Expenditures / Employees. For the Top 50 companies, we additionally studied the evolution of the performance from 2018 to 2019.  One of the goals of the report was to identify the key success factors for the chemical companies.

Furthermore, we analyzed the geographical foot print and diversification of the manufacturing systems to estimate how well the companies are positioned to mitigate the risks in case of crisis in particular countries and / or regions. In the context of the current COVID-19 pandemic situation it becomes even more important for the chemical companies to optimize production systems to be able to overcome such unexpected regional or global crises.

In addition to the Top 300 chemical companies included in the final ranking, we provided the list of further 100 companies which were investigated, but not enclosed in the list Top 300 chemical companies, as the information identified for those companies was not complete for the analysis.

Based on the data collected we developed while remaining within the standards of the D-Method the final ranking for the Top 100 chemical companies which is oriented towards the future and helps evaluate which companies are going to be the most efficient in the financial terms and which innovation potential they are going to have in the nearest future.

The current report not only compares the chemical companies by their financial performance, but more importantly it provides a better understanding of the future of the chemical companies based on their efficiency and capacity to innovate.

Key figures in 2019:

Overview of the Global Top 300 Chemical Companies

According to our analysis of the Top 300 chemical company list, the regional distribution worldwide is fairly even. EMEA (Europe, Middle East & Africa) leads the way, with 108 of the top 300 headquartered there, followed by APAC (Asia-Pacific) with 101 companies and NA & LATAM (North America & Latin America) with the remaining 91. Together, the top 300 revenues account for a total of $1,594 billion (1,594,267 USD Million) in chemical sales in 2019. The regional and country distribution of the companies is depicted in Figure 1

Roughly even distribution of the Top 300 Chemical Companies across 3 regions: EMEA; NA&LATAM; APAC

Figure 1: Top 300 chemical companies split by region (top) and by country (bottom (2019)

The following table (Table.1) shows the Top 300 list

Rank Company Name
1 BASF
2 Sinopec
3 Dow
4 Sabic
5 LyondellBasell Industries
6 Linde Plc
7 Mitsubishi Chemical Holding
8 ExxonMobil Chemical
9 Air Liquide
10 Chemchina
11 LG Chem
12 Petrochina
13 Bayer Crop Science
14 Dupont
15 Sumitomo Chemical
16 Reliance Chemicals
17 Sherwin-Williams
18 Toray Industries
19 Total (Chemical Part)
20 Shell Chemicals
21 PPG
22 Ineos
23 Shin-Etsu Chemical
24 Evonik
25 Brenntag
26 Corteva Agriscience
 27 Syngenta
28 Covestro
29 Yara International
30 Mitsui Chemicals
31 Solvay
32 Lotte Chemical
33 Indorama Ventures
34 Chevron
35 Formosa Chemicals & Fibre
36 Sekisui Chemical
37 SC Johnson
38 Henkel Adhesive Technologies
39 Asahi Kasei
40 SK Innovation
41 AkzoNobel
42 Nutrien
43 DSM
44 Wanhua Chemical
45 Arkema
46 Braskem
47 Chevron Phillips Chemical
48 Univar
49 Eastman Chemical
50 Air Products
51 Mosaic
52 Borealis
53 Sika
54 Saint Gobain
55 Idemitsu
56 Westlake Chemical
57 Taiyo Nippon Sanso
58 Hanwha Chemical
59 Tosoh
60 Nagase Chemtex
61 PTT Global Chemical
62 Lanxess
63 DIC
64 RongSheng Petrochemical
65 Formosa Plastics Corporation
66 Orbia / Mexichem
67 Nitto Denko
68 Huntsman
69 Clariant
70 Sasol
71 Lubrizol
72 Nippon Paint
73 Givaudan
74 Celanese
75 Alpek (Grupo Alfa)
76 EuroChem
77 Olin
78 Avantor Performance Materials
79 Teijin
80 Formosa Petrochemical
81 SCG Chemicals
82 Kaneka
83 RPM International
84 Nouryon Group
85 Chemours
86 Helm AG
87 Mitsubishi Gas Chemical
88 Styrolution (part of Ineos)
89 Wacker-Chemie
90 Kuraray
91 ICL Group
92 Johnson Matthey
93 IFF (International Flavors & Fragrances)
94 Honeywell
95 Imerys
96 Hutchinson
97 Gs Caltex
98 FMC
99 CF Industries
100 Versalis
101 Axalta
102 JSR Corporation
103 K+S
104 AGC Chemicals
105 United Phosphorous Ltd
106 Occidental Chemical
107 Kingfa
108 Orica
109 Firmenich
110 Adama Agricultural Solutions
111 Kansai Paint
112 Roquette
113 Trinseo
114 Petronas Chemicals Group
115 Nufarm
116 Ecolab b
117 Symrise AG
118 Umicore
119 SNF Floerger
120 Showa Denko
121 Sibur
122 Sibelco
123 Albemarle
124 Nova Chemicals
125 Denka 1
126 Calumet Specialty Products
127 Hexion
128 Tate & Lyle
129 Cabot
130 Methanex
131 Arlanxeo
132 Sojitz
133 Daicel Corp
134 Mapei
135 OCI Nitrogen
136 Solenis
137 PKN Orlen
138 IMCD
139 Sinochem Group
140 Kemira
141 Yuntianhua
142 Polyone (now Avient)
143 Aarhus Karlshamn
144 Nippon Shokubai
145 Merck KGaA
146 Fuchs Petrolub
147 3M
148 Masco
149 Grupa Azoty
150 Incitec Pivot
151 UBE
152 Kao Chemicals
153 Tronox
154 CEPSA
155 Saudi Kayan
156 Nizhnekamskneftekhim
157 Ashland
158 Altana
159 Fujifilm Holdings Corporation
160 Zhejiang Longsheng Group (Lonsen)
161 Allnex
162 Carpenter Technology
163 Hexcel
164 Hitachi Chemical
165 Asian Paints Ltd
166 Polynt- Reichhold
167 EMS-Chemie
168 Aditya-Birla-Grasim
169 Rabigh Refining and Petrochemical
170 J.M. Huber Corporation / CP Kelco
171 Heraeus
172 Newmarket Corp.
173 Flint Group
174 Venator
175 Owens Corning
176 OCI Company
177 Adeka
178 Jotun
179 Nissan Chemical
180 W.R. Grace
181 KLK (Oleochemicals Part)
182 SQM
183 Irpc Public Company Limited
184 Longji Green Energy Technology
185 Stepan
186 Tessenderlo Group
187 Röhm
188 Element Solutions Inc
189 Kraton
190 Synthomer
191 Rayonier Advanced Materials
192 Koppers
193 Petkim Petrokimya
194 Lonza
195 Kronos Worldwide
196 Nynas
197 NOF Corporation
198 Croda Group
199 ITW (Polymers & Fluids division)
200 Zhejiang Juhua
201 KPIC (Korea Petrochemical)
202 PQ Corporation
203 Adisseo
204 Hexpol
205 H.B. Fuller
206 Zheijang Wynca Chemical
207 Innospec
208 Beiersdorf (Tesa Adhesives Part)
209 Compass Minerals
210 Americas Styrenics
211 Orion
212 Shandong Dongyue Chemical
213 Takasago International Corporation 1
214 Minerals Technologies
215 Tata chemicals
216 Xingfa
217 Sensient Technologies Corporation
218 Zibo Qixiang Tengda Chemical
219 Barentz International
220 OQ Chemicals (Oxea)
221 AdvanSix
222 Ingevity
223 Maxam
224 Freudenberg (Chemical Part)
225 Messer Group
226 Nippon Soda (“Nisso”)
227 Radici Group
228 Industries Qatar
229 H&R Group
230 Perstorp
231 Quaker Houghton
232 Genesis Energy
233 Albis
234 Omnia Holdings
235 Corbion
236 Cabot Microelectronics
237 Jiangsu Yangnong Chemical
238 SWM
239 Ferro Corporation
240 GCP Applied Technologies
241 Zhejiang Nhu
242 Domo Chemicals
243 Kukdo
244 Hangzhou First Applied Material
245 Kelly-Moore Paint CO. Inc
246 Kumiai Chemical
247 Elementis
248 Huber Group
249 BEFAR
250 Siegfried
251 Ciech Group
252 TOKEN
253 PCC Group
254 Prayon
255 Zhejiang Zanyu Technology Co
256 BERGER PAINTS INDIA
257 India Glycols Ltd.
258 Innophos
259 Nippon Kayaku
260 Nutrichem
261 Omnova
262 KANSAI NEROLAC PAINTS LTD.
263 Lhoist Group
264 Ercros
265 Arakawa
266 Zschimmer & Schwarz
267 Songwon
268 Balchem
269 Kureha
270 Italmatch
271 Robertet Group
272 Huabao International
273 Gurit
274 Kuo (Dynasol & Resinere)
275 Borregaard
276 Atul Ltd.
277 Cerdia
278 Tasnee
279 Aarti Industries Ltd.
280 Hansol Chemical
281 Lianhetech
282 T. Hasegawa
283 AMVAC
284 Rain Carbon
285 Vencorex
286 Goodyear Tire & Rubber
287 Livent
288 Guangzhou Tinci
289 Gujarat Alkalies & Chemicals
290 Idesa
291 Victrex
292 EOC Group
293 Gujarat Fluoro Chemicals
294 VALIANT
295 Aeci
296 Shawcor Ltd.
297 GHCL Ltd.
298 Peroxychem
299 Stahl
300 Cloverdale Paint Inc.

Table 1: Top 300 List 2019

The final ranking of the Top 100 companies is based on the efficiency, as well as the ability of the companies to innovate today and in the near future. We applied the following parameters in order to form the ranking for the Top 100 companies:

  • Rank Turnover/1000 Employees: to evaluate the efficiency of the company today
  • Rank Patents/ 1000 Employees: to evaluate the innovation efficiency of the company today
  • Rank R&D Expenditures. / 1000 Employees: to evaluate the innovation potential for the future

In the table below we have presented the Top 10 companies from the final ranking, for the complete Top 100 final ranking see the complete report.

Final ranking Name of the company
1 SK Innovation
2 KPIC
3 Chevron Phillips Chemical
4 LG Chem
5 Styrolution
6 Sinopec
7 Newmarket Corp.
8 Borealis
9 Hanwha Chemical
10 CEPSA

Table 2. Final Ranking for the Top 100 Chemical Companies 2019

Examples of the data analysis provided in the complete Report

  • Comparison of Turnover / Full Time Equivalent (FTE) & Patents published in 2019 / FTE by region, for the Top 300


Illustration 1. Performances of Top 300 chemical companies in terms of chemical sales and number of published patents per 1,000 employees in 2019 (includes the companies falling in areas with X-axis (patent/FTE) values of 30 and Y-axis (TO/FTE) values of 6000)

  • Comparison of the change in Turnover from Chemical Sales and Changes in R&D Expenditures from 2018 to 2019 by region, for the Top 300

Illustration 2. Analysis of Top 100 revenues and R&D expense. Axes measure percent growth from 2018 into 2019.

  • Comparison of the performance of Top 50 companies in 2018 and 2019

Illustration 3. Analysis of the performance of the Top 50 companies. Comparison of the Chemical-related Sales in 2018 and 2019

 

Contents of the Market Report

The table of contents for the complete market report is presented below (total report is 82 pages).

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