ICIS Top 100 Chemical Companies revealed

06 September 2016 12:23 Source:ICIS News

Dollars and eurosNEW 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

By Staff Reporter