ICIS Top 100 Chemical Companies revealed
ICIS Editorial
06-Sep-2016
NEW YORK and LONDON
(ICIS)–ICIS Chemical Business magazine has unveiled its
annual ICIS Top 100 Chemical Companies, a global listing of
producers ranked by 2015 sales.
The ICIS Top 100 Chemical Companies
ranking, sponsored by US Chemicals, a Maroon Group company,
is available for download as a PDF.
Germany’s BASF retains its position as the
world’s leading chemical company with $76.6bn in sales,
followed by China’s Sinopec at No.2 with $50.2bn and US-based
Dow Chemical at No.3 with $48.8bn. Saudi Arabia’s SABIC moves
up to the No.4 slot with $39.5bn in sales, followed by
Japan’s Mitsubishi Chemical at No.5 with $34.0bn in
revenues.
Currency conversions to US dollars for the
ranking were based on year-end 2015 exchange rates, or rates
at the end of the company’s fiscal year.
In 2015, many of the ICIS Top 100 Chemical
Companies posted significant sales declines on the back of
lower crude oil prices. In reporting currency terms, sales
fell 23.7% for Sinopec, 16.1% for Dow and 21.6% for SABIC.
Leader BASF posted a modest 5.2% decline.
“Commodity chemical companies felt the
brunt of the impact of lower crude oil prices on their top
lines in 2015,” said Joseph Chang, Global Editor of ICIS
Chemical Business. “However, many companies demonstrated
their resilience, showing lesser declines or even increases
in underlying profitability.”
Over the course of calendar 2015, the
average Brent crude oil price fell by 47.3%. The annual
average of the ICIS Petrochemical Index (IPEX), a
capacity-weighted basket of prices for 12 petrochemicals and
polymers, declined by 28%, noted Nigel Davis, ICIS Insight
Editor.
“Chemical companies had to work hard to
lift volumes in a slower demand growth environment dominated
by the complexity of China’s economic realignment. The
addition of considerable new production capacities in China
is having a widespread impact in global petrochemicals and
plastics, as well as intermediates,” said Davis.
The ICIS Top 100 Chemical Companies runs
over three consecutive weekly issues.
The September 12 issue of ICIS Chemical
Business will feature the geographic leaders in North
America, Latin America, Europe, Asia, and the Middle East
& Africa.
The September 19 issue will highlight the
ICIS Company of the Year based on financial metrics.
To download the 2016 ICIS Top 100 Chemical
Companies listing click here.
Image source: Newscast/REX/Shutterstock
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