20 September 2010 16:05 [Source: ICIS news]
By Nigel Davis
Industry giants may give the semblance of striding across the globe. Their regional counterparts are doing so across continents.
As part of its Top 100 series, ICIS Chemical Business (ICB) has taken a look at the principal regional players in chemicals. The listings make fascinating reading.
They highlight names that may not be universally known but which regionally are significant. And given the importance of chemicals markets in some of the fastest growing parts of the world, and their equivalent in the feedstock rich regions, they pinpoint some that may become the new industry giants.
Take Asia, excluding
The chemicals businesses of Reliance Industries, second in the
Reliance itself is a big company with opportunities for growth - not just in petrochemicals - and has yet to do the deal which takes this part of the company onto another level.
Perhaps surprising is the impact of consolidation in the chemical industry in
Honam Petrochemical’s sales nearly doubled in 2009 following the merger with subsidiary Lotte Daesan Petrochemical. It is acquiring
And it is all about growth and influence. Take the
The company will undoubtedly consolidate that position in the 2010 listing. It merged with Brazilian rival Quattor this year and acquired Sunoco Chemical of the
SABIC is by far the largest regional chemical company and is now an important global player, lying in seventh place in the Top 100. Its sales shrank by 32% in 2009 and profits more than halved as recession gripped its petrochemicals and more specialised chemicals businesses worldwide.
Other regional players were hard hit in an extraordinarily difficult year. Yet new plant start-ups had an influence on the league table, with South Africa’s Sasol’s turnover in chemicals, solvents and polymers up healthily, driven by its new Arya Sasol Polymers complex in Iran and somewhat higher solvent sales.
Sasol particularly demonstrated that even last year, in exceptional regional circumstances, it was possible to buck the severe downward trend. In future years it will be investment-led growth in the right place at the right time that continues to sort the global leaders from the rest.
Even last year, the top 10 global giants maintained their share of the Top 100’s combined sales at about 36%. “This is larger than the second tier of about 50 players by around 70%,” ICIS said. It came at a time when total Top 100 sales were down close to 20%.
($1 = W1,161.05)
Bookmark Paul Hodges’ Chemicals & the Economy blog
Read John Richardson and Malini Hariharan’s Asian Chemical Connections blog
For more on Top 100 companies visit ICIS company intelligence
To discuss issues facing the chemical industry go to ICIS connect
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections