The top BASF competitors are Covestro, Reliance Industries, Royal Dutch Shell, Total SA, Bayer, Evonik, Formosa Plastics, and others. BASF is a German chemical company that produces chemicals, plastics, performance products, agricultural solutions, and oil and gas.
BASF is a global chemical industry leader known for innovative and sustainable solutions. With a history of more than 150 years, the company has established itself as a trusted name in various sectors, including chemicals, plastics, agriculture, and performance materials.
One of the BASF group’s key strengths lies in its broad portfolio of products and services. The company offers various chemicals across multiple industries, catering to diverse needs and requirements. From advanced materials used in the automotive and construction sectors to crop protection solutions in agriculture, the BASF group continuously strives to meet evolving market demands.
The BASF group stands out for its commitment to sustainability. The company integrates sustainability principles in its entire value chain, from production processes to product development, helping customers address environmental challenges and create a more sustainable future.
- Product Type: Chemicals, plastics, performance products, agricultural solutions, and oil and gas.
- Industry: Chemicals.
- Founded Date: April 6, 1865.
- Founders: Friedrich Engelhorn.
- Headquarters: Ludwigshafen, Germany.
- Area Served: Worldwide.
- Current CEO: Martin Brudermüller.
Table of Contents
The top BASF competitors are
1. Covestro
- Product Type: Chemicals and plastics
- Industry: Chemicals
- Founded Date: 2015
- Founders: Bayer AG
- Headquarters: Leverkusen, Germany
- Area Served: Worldwide
- Current CEO: Markus Steilemann
Covestro is a leading manufacturer of high-tech polymer materials. They develop products for various industries, including automotive, construction, electronics, and healthcare. Covestro prides itself on its commitment to sustainability and innovation, constantly striving to create solutions that meet the evolving needs of its customers.
2. Reliance Industries
- Product Type: Petrochemicals, refining, oil and gas exploration
- Industry: Conglomerate
- Founded Date: 1966
- Founders: Dhirubhai Ambani
- Headquarters: Mumbai, India
- Area Served: Worldwide
- Current CEO: Mukesh Ambani
Reliance Industries is a conglomerate with diverse business interests, including petrochemicals, refining, oil, and gas exploration. They are known for their focus on vertical integration, controlling almost every country and aspect of their supply chain to ensure quality and cost efficiency. Reliance is one of the largest polyester producers in the country and the world and has a strong presence in the Indian market.
3. Royal Dutch Shell
- Product Type: Oil and gas
- Industry: Energy
- Founded Date: 1907
- Founders: Royal Dutch Petroleum Company, Shell Transport and Trading Company
- Headquarters: The Hague, Netherlands
- Area Served: Worldwide
- Current CEO: Ben van Beurden
Royal Dutch Shell is a global energy company specializing in oil and gas exploration, production, refining, and marketing. They are one of the largest publicly traded oil companies and operate in over 70 countries. Shell is firmly committed to sustainability and actively invests in renewable energy sources to help transition to a low-carbon future.
4. Total SA
- Product Type: Oil and gas
- Industry: Energy
- Founded Date: 1924
- Founders: Compagnie française des pétroles, Turkish Petroleum Company
- Headquarters: Paris, France
- Area Served: Worldwide
- Current CEO: Patrick Pouyanné
Total SA is a French multinational integrated oil and gas company. They operate in all aspects of the industry, including exploration, production, refining, and distribution. Total is known for its strong presence in the downstream segment, with a vast network of service stations worldwide. They also focus on renewable energy, investing in solar and wind power projects.
5. Bayer
- Product Type: Pharmaceuticals, consumer health, crop science
- Industry: Pharmaceuticals
- Founded Date: 1863
- Founders: Friedrich Bayer, Johann Friedrich Weskott
- Headquarters: Leverkusen, Germany
- Area Served: Worldwide
- Current CEO: Werner Baumann
Bayer is a German multinational pharmaceutical and life sciences company. They produce pharmaceuticals, consumer healthcare products, and agricultural chemicals. Bayer is well-known for its research and development capabilities, constantly striving to bring innovative solutions to market. They also have a strong focus on sustainability and social responsibility.
6. Evonik
- Product Type: Specialty chemicals
- Industry: Chemicals
- Founded Date: 2007
- Founders: RAG AG
- Headquarters: Essen, Germany
- Area Served: Worldwide
- Current CEO: Christian Kullmann
Evonik is a specialty chemicals company that offers various products for various industries and markets, including automotive, construction, food, and personal care. They are known for their specialty chemicals and materials expertise, providing tailor-made solutions to their customers’ specific needs. Evonik strongly emphasizes sustainability and works towards a more resource-efficient world.
7. Formosa Plastics
- Product Type: Plastics, petrochemicals
- Industry: Chemicals
- Founded Date: 1954
- Founders: Wang Yung-ching
- Headquarters: Taipei, Taiwan
- Area Served: Worldwide
- Current CEO: Jason Lin
Formosa Plastics is a Taiwanese company specializing in producing and selling plastics and petrochemicals. They have a diverse product portfolio, including PVC, polyethylene, and polypropylene. Formosa Plastics is known for its manufacturing capabilities and cost competitiveness.
8. Chevron Phillips Chemical
- Product Type: Petrochemicals
- Industry: Chemicals
- Founded Date: 2000
- Founders: Chevron Corporation, Phillips 66
- Headquarters: The Woodlands, Texas, United States
- Area Served: Worldwide
- Current CEO: Mark Lashier
Chevron Phillips Chemical is a joint venture between Chevron Corporation and Phillips 66. They are a leading producer of olefins, polyolefins, and other specialty chemicals. Chevron Phillips Chemical focuses on delivering high-quality, innovative solutions to its customers while maintaining a solid commitment to safety and sustainability.
9. LG Chem
- Product Type: Chemicals, electronics, batteries
- Industry: Conglomerate
- Founded Date: 1947
- Founders: In-hwoi Koo
- Headquarters: Seoul, South Korea
- Area Served: Worldwide
- Current CEO: Hak Cheol Shin
LG Chem is a South Korean company that manufactures chemicals and materials for various industries, including electronics, automotive, and energy storage. They are known for their expertise in lithium-ion battery technology and have a strong position in the electric vehicle market. LG Chem places a strong emphasis on research and development to drive innovation.
10. Mitsubishi Chemical Corporation
- Product Type: Chemicals
- Industry: Chemicals
- Founded Date: 1934
- Founders: Mitsubishi Group
- Headquarters: Tokyo, Japan
- Area Served: Worldwide
- Current CEO: Masayuki Waga
Mitsubishi Chemical Corporation is a Japanese chemical company that offers a wide range of products, including performance polymers, specialty chemicals, and electronic materials. They have a global presence and serve various industries, such as automotive, electronics, and healthcare. Mitsubishi Chemical is committed to sustainability and seeks to contribute to a sustainable society through its products and solutions.
11. Lanxess
- Product Type: Chemicals
- Industry: Chemicals
- Founded Date: 2004
- Founders: Bayer AG
- Headquarters: Cologne, Germany
- Area Served: Worldwide
- Current CEO: Matthias Zachert
Lanxess is a German specialty chemicals company that operates in various segments, including advanced intermediates, performance chemicals, and engineering materials. They provide innovative solutions to the automotive, construction, and agriculture industries. Lanxess aims to contribute to sustainable development by providing environmentally friendly products and processes.
12. Solvay
- Product Type: Chemicals
- Industry: Chemicals
- Founded Date: 1863
- Founders: Ernest Solvay
- Headquarters: Brussels, Belgium
- Area Served: Worldwide
- Current CEO: Ilham Kadri
Solvay is a Belgian chemical company that offers various products and solutions for multiple industries, including automotive, aerospace, and healthcare. They are known for their expertise in specialty polymers, advanced materials, and chemical intermediates. Solvay strongly emphasizes sustainability, aiming to be a leader in sustainable chemistry.
13. Arkema
- Product Type: Chemicals
- Industry: Chemicals
- Founded Date: 2004
- Headquarters: Colombes, France
- Area Served: Worldwide
- Current CEO: Thierry Le Hénaff
Arkema is a French specialty chemicals company that provides innovative and sustainable solutions to various industries, including coatings, adhesives, and electronics. They are known for their cutting-edge research and development capabilities, constantly seeking to address industry challenges through innovation. Arkema is committed to sustainability and actively works towards reducing its environmental footprint.
14. Clariant
- Product Type: Chemicals
- Industry: Chemicals
- Founded Date: 1995
- Headquarters: Muttenz, Switzerland
- Area Served: Worldwide
- Current CEO: Conrad Keijzer
Clariant is a Swiss specialty chemicals company that provides innovative and sustainable solutions for various industries, including plastics, coatings, and agriculture. With a strong emphasis on research and development, Clariant constantly strives to discover and deliver products that meet customer needs while addressing environmental and social challenges.
15. Huntsman
- Product Type: Chemicals
- Industry: Chemicals
- Founded Date: 1970
- Founders: Jon Huntsman Sr.
- Headquarters: The Woodlands, Texas, United States
- Area Served: Worldwide
- Current CEO: Peter Huntsman
Huntsman is a global manufacturer and marketer of differentiated chemicals. They offer a wide range of products that cater to industries such as construction, automotive, and textiles. Huntsman is known for its customer-centric approach and commitment to sustainability, driving its efforts to develop more environmentally friendly solutions.
16. Braskem
- Product Type: Chemicals
- Industry: Chemicals
- Founded Date: 2002
- Headquarters: São Paulo, Brazil
- Area Served: Worldwide
- Current CEO: Roberto Simões
Braskem, a Brazilian petrochemical company, specializes in producing plastics and chemicals. With its employees and a global sales presence, Braskem plays a significant role in the industry and serves many companies in various sectors, including packaging, automotive, and construction. The company is committed to promoting a circular economy and actively working towards reducing its environmental impact.
17. AkzoNobel
- Product Type: Chemicals
- Industry: Chemicals
- Founded Date: 1994
- Headquarters: Amsterdam, Netherlands
- Area Served: Worldwide
- Current CEO: Thierry Vanlancker
AkzoNobel, a Dutch multinational company, produces paints, coatings, and specialty chemicals. With a focus on sustainability, AkzoNobel aims to create innovative and eco-friendly products for its customers. They have a strong reputation for quality and are known for their extensive portfolio of brands.
18. Sumitomo Chemical
- Product Type: Chemicals
- Industry: Chemicals
- Founded Date: 1913
- Headquarters: Tokyo, Japan
- Area Served: Worldwide
- Current CEO: Keiichi Iwata
Sumitomo Chemical, a Japanese company, operates across various business sectors, including petrochemicals, energy, and agriculture. They offer multiple products, such as fertilizers, plastics, and pharmaceuticals. Sumitomo Chemical’s commitment to sustainability and innovation is evident in its efforts to discover and develop environmentally friendly solutions to global challenges.
19. Wanhua Chemical
- Product Type: Chemicals
- Industry: Chemicals
- Founded Date: 1998
- Headquarters: Yantai, China
- Area Served: Worldwide
- Current CEO: Zengtai Liao
Wanhua Chemical, a Chinese chemical company, specializes in producing polyurethane products and chemicals. They provide solutions across industries like construction, automotive, and consumer goods. Wanhua Chemical is known for its technological expertise, constantly introducing new products and applications to meet evolving market demands.
20. DSM
- Product Type: Chemicals
- Industry: Chemicals
- Founded Date: 1902
- Headquarters: Heerlen, Netherlands
- Area Served: Worldwide
- Current CEO: Geraldine Matchett and Dimitri de Vreeze
DSM, a Dutch multinational company, operates in nutrition, health, and materials. They offer a diverse product portfolio that includes nutritional ingredients, pharmaceuticals, and high-performance raw materials. DSM strongly emphasizes sustainability and works towards developing innovative solutions that contribute to a healthier and more sustainable future.
21. Sinopec
- Product Type: Chemicals
- Industry: Chemicals
- Founded Date: 2000
- Headquarters: Beijing, China
- Area Served: Worldwide
- Current CEO: Zhang Yuzhuo
Sinopec is a Chinese oil and natural gas company involved in chemicals and refining. They have a significant presence in the petrochemical industry, producing a wide range of products, including plastics, synthetic fibers, and chemicals. Sinopec is known for its extensive manufacturing capabilities and focus on creating value for its employees and customers.
22. Syngenta
- Product Type: Chemicals
- Industry: Agriculture
- Founded Date: 2000
- Headquarters: Basel, Switzerland
- Area Served: Worldwide
- Current CEO: Erik Fyrwald
Syngenta is a global agriculture company that produces crop protection technologies and seed products. They aim to improve global food security by providing innovative solutions for farmers. Syngenta’s mission is to help sustainably increase crop productivity while minimizing the environmental impact of agricultural practices.
23. Braskem
- Product Type: Chemicals
- Industry: Chemicals
- Founded Date: 2002
- Headquarters: São Paulo, Brazil
- Area Served: Worldwide
- Current CEO: Roberto Simões
Braskem is a Brazilian petrochemical company that specializes in the production of plastics and chemicals. They offer a wide range of products that cater to industries such as packaging, automotive, and construction.
Braskem is known for its global presence and strong manufacturing capabilities, allowing it to serve customers worldwide. The company places a significant emphasis on sustainability, actively working towards reducing its environmental impact and promoting a circular economy. Braskem remains a prominent competitor in the petrochemical industry with a focus on innovation and customer satisfaction.
These were all the competitors of BASF. If you know any other competitors, please write in the comments below.
Liked this post? Check out the complete series on Competitors
