On July 30th, the US Chemical and Engineering News magazine released the latest 'Top 50 Global Chemicals' list, and BASF still tops the list this year.
This year plus Syngenta, which was acquired by China National Chemical Corporation, four Chinese chemical companies have entered the top 50. China Petrochemical ranks third; Formosa Plastics ranks sixth, Syngenta ranks 34th, Wanhua Chemical ranks 43. In 2017, only two companies in China were selected, namely Sinopec and Formosa Plastics.
The top 10 companies are: BASF, Dow DuPont, Sinopec, Saudi Basic Industries, INEOS, Formosa Plastics, Exxon Mobil, Lyondell Basel, Mitsubishi Chemical, LG Chem.
According to C&EN, the 50 companies' total sales of chemical products in 2017 totaled $851 billion, and only nine companies lost sales, thanks to strong economic growth and rising oil prices. This also indicates that the global chemical business is further strong. recovery.
The 50 companies on the list had 48 profitability increases. Last year's revenue reached US$108.6 billion, an increase of 14.4% year-on-year. Only 13 of these companies reported a decrease in profits, and no company lost money.
In recent years, the global chemical industry has ushered in a wave of mergers and acquisitions, which has caused a big change in the list. Dow DuPont first appeared in the second place. In the future, Linde acquired Praxair, and the potential acquisition of Leander Basel acquired Brass. Branch, will affect the future ranking.
The global chemical industry is still dominated by European, American, Japanese and Korean giants. The European and American regions occupy 28 seats. There are 8 and 4 companies in Japan and South Korea. There are 4 and 2 companies in China and Thailand, India, Brazil, South Africa, Saudi Arabia, etc. Each company has a list.