ICIS Top 100 Chemical Companies published

04 September 2018 15:13 Source:ICIS News

LONDON (ICIS)--The ICIS Top 100 Chemical Companies ranking of the world’s major chemical producers by sales is available for download, the data and analytics provider said on Tuesday.

The Top 100 lists chemical companies by sales in the most recent financial year and provides data on annual operating and net profits, assets, capital spending, R&D and employees.

This year, US-based DowDuPont captured the number one spot with sales of $79.5bn in 2017 on a pro forma basis following the mega merger between Dow and DuPont. Its top position will be fleeting, however, as it plans to split into three separate companies in 2019.

DowDuPont narrowly eclipsed Germany-based BASF which came in 2nd with $77.4bn in sales. China's Sinopec took the #3 slot with $67.3bn in revenues, followed by Saudi Arabia's SABIC at $39.9bn and Mitsubishi Chemical Holdings at $35.0bn.

Currency conversions to US dollars for the ranking were based on year-end 2017 exchange rates, or rates at the end of the company's fiscal year, ICIS said.

"The ICIS Top 100 Chemical Companies listing exemplifies the global nature of the chemical business with geographic diversity among the top 10, along with the rest of the group," said Joseph Chang, Global Editor of ICIS Chemical Business.

The year 2017 was a banner year for the global chemical industry, driven by the synchronised global economic expansion. The the world's largest chemical producers were buoyed by continued strong demand growth, particularly those operating upstream in petrochemicals.

The companies in the ICIS Top 100 Chemical Companies listing, including the "Bubbling Under" category, generated combined sales of $1.24 trillion in 2017, up 13% from a year earlier.

The ICIS Top 100 Chemical Companies series of special reports runs over three consecutive weekly issues of ICIS Chemical Business.

The 7 September 7 issue of the magazine will feature the geographic leaders in North America, Latin America, Europe, Asia, and the Middle East & Africa.

The 14 September issue will highlight the ICIS Company of the Year based on financial metrics.

By Nigel Davis