Top 33 Chemical companies in the world in 2024

Top Chemical Companies

1. ExxonMobil 

ExxonMobil is a multinational oil and gas corporation in the United States. It is the world’s largest publicly traded oil and gas company and operates various business lines, including refining, production, and chemicals. The company’s market capitalization stands at $405.99 billion.

ExxonMobil has consistently dominated the energy industry due to its extensive exploration and production activities, efficient management, and significant global presence. Its size and innovative technologies make it a driving force in the oil and gas sector.

2. Chevron Phillips Chemical

Chevron Phillips Chemical is a leading global petrochemical company providing solutions to various industries, from consumer electronics to construction. Through a joint venture between Chevron and Phillips 66, the company manufactures and supplies a wide range of specialty chemicals and plastics. Its market capitalization is $283.03 billion.

Chevron Phillips Chemical is prominent in the petrochemical industry due to its high-quality and diverse product offering, extensive customer base, and robust operational efficiency. It enjoys a strong reputation in the market for its sustainable practices and commitment to innovation.

3. Reliance Industries

Reliance Industries is a multinational conglomerate based in India with a diversified range of businesses, including refining, petrochemicals, textiles, telecommunications, and retail. It is the largest private company in India and ranks among the Fortune Global 500. Its market capitalization stands at $200.20 billion.

Reliance Industries dominates the market due to its presence in various highly profitable sectors, focusing on refining and petrochemicals. It maintains a strategic advantage due to its integrated and diversified business model, enabling it to stay resilient and profitable, even during challenging market conditions.

4. Linde

Linde is a global industrial gas and engineering company that operates in various industries, including chemicals, electronics, healthcare, and energy. Linde supplies atmospheric, process, specialty gases, equipment, and services. The company’s market capitalization is valued at $193.46 billion.

Linde’s inclusion in the top list is due to its exceptional market dominance in the gas industry, product innovation, and reliability in the supply of industrial gases. Its continued investments in research and development and expansion into new markets have propelled the company to a leadership position globally.

5. PetroChina

PetroChina is a state-owned oil and gas company based in China focusing on the exploration, production, and sale of crude oil and natural gas. It ranks among the top oil and gas companies in revenue and is one of the world’s largest corporations. PetroChina’s market capitalization stands at $166.89 billion.

PetroChina remains a key player and a top brand due to its extensive reserves, production capabilities, and government backing. As China’s leading oil and gas producer, the company benefits from strong domestic demand and a growing global presence.

6. Air Liquide

Air Liquide is a French multinational company specializing in industrial, medical, and specialty gases. Besides gas production, the company also provides services related to gas use, including associated equipment and related application technologies. Air Liquide’s market capitalization stands at $97.60 billion.

Air Liquide earns its place among the top brands due to its consistent delivery of high-quality products and services, solid global network, and commitment to sustainable innovation. It caters to various industries, including healthcare, electronics, and energy, making it highly valuable.

7. Sinopec

Sinopec, also known as China Petroleum & Chemical Corporation, is a state-owned Chinese oil and gas corporation. It is one of the largest oil refining and petrochemical companies worldwide, engaged in the exploration, production, and distribution of oil and natural gas products. Sinopec has a market capitalization of $83.13 billion.

Sinopec’s inclusion in the top brands list is driven by its enormous scale, strong government backing, and ability to meet China’s growing energy demands. Its vast network and expertise help maintain its dominant market position.

8. Shin-Etsu Chemical

Shin-Etsu Chemical is a Japanese multinational chemical company specializing in producing PVC resins, silicon wafers, polymers, and various chemical products. Founded in 1926, the company has grown to become a leader in the global chemical industry. Shin-Etsu Chemical’s market capitalization is valued at $70.45 billion.

Shin-Etsu Chemical’s position among the top brands can be attributed to its diverse product portfolio, technological innovation, high-quality standards, and strong production capabilities. Their expertise in specialized products and supplying essential materials for multiple industries has helped maintain a competitive edge in the market among chemical manufacturers.

9. Merck KGaA

Merck KGaA is a German multinational company specializing in pharmaceuticals, life sciences, and performance materials. With a history dating back to 1668, it is one of the oldest pharmaceutical and chemical companies globally. The company’s market capitalization is $66.53 billion.

One of the top brands, Merck KGaA, owes its position to its innovative research-driven approach, the strength of its product pipeline, and its focus on life sciences. Its longstanding position in the market and investment in new technologies has allowed it to achieve robust and stable growth.

10. SABIC

SABIC (Saudi Basic Industries Corporation) is a multinational Saudi chemical manufacturing company. It is one of the world’s largest producers of petrochemicals, fertilizers, plastics, and metals. SABIC’s market capitalization stands at $64.02 billion.

SABIC holds a top position in the industry due to its significant production capabilities, extensive product portfolio, and strong government support from Saudi Arabia. It has established a global presence and continues to invest in product innovation and sustainability and expand its market share.

11. Air Products and Chemicals

Air Products and Chemicals is a US-based company specializing in industrial gases and chemicals. The company operates worldwide, providing atmospheric gases, process and specialty gases, equipment, and services. It’s renowned for its innovation in the industrial gases and chemical sectors. Air Products and Chemicals’ market capitalization is $58.34 billion.

This brand graces the top list due to its well-established distribution network, commitment to technological innovation, and diversified range of products. Their consistent investment in improving operational efficiency and developing innovative applications of industrial chemicals and gases has fueled the company’s growth.

12. Sika

Based in Switzerland, Sika is a specialty chemical company offering various construction and industry applications products. Its core product range includes concrete admixtures, specialty mortars, sealants, adhesives, and additives. Sika’s market capitalization is valued at $44.54 billion.

Sika’s place among the top brands is attributed to its strong global presence, relentless focus on innovation, and broad portfolio of quality products. Its ability to offer customized, high-performance solutions for construction and industrial applications has helped Sika carve out a leading position in the market.

13. BASF

BASF is a German multinational chemical company and the world’s second-largest producer. It provides various products, including chemicals, plastics, performance chemicals, catalysts, coatings, and crop technology products. BASF’s market capitalization stands at $42.47 billion.

BASF ranks on the top brands list because of its sheer scale, substantial product diversity, and commitment to sustainable and innovative chemistry solutions. Its strong R&D focus, customer-centric approach, and ability to deliver high-value products have bolstered its market position.

14. Wesfarmers

Wesfarmers is an Australian conglomerate with diverse business operations, including retail, resources, chemicals, fertilizers, and industrial and safety products. Originating in 1914 as a farmers’ cooperative, Wesfarmers has grown into one of Australia’s largest listed companies. Wesfarmers’ market capitalization is valued at $39.76 billion.

Wesfarmers is among the top brands due to its varied business portfolio, strategic acquisitions, and well-established marketing strategies. Its ability to effectively manage various business segments and adapt to market changes has enabled its sustained growth.

15. Dow

Dow is a US-based global leader in technology-driven solutions specializing in performance materials, industrial intermediates, and plastics. The company operates in approximately 180 countries and offers various differentiated technology-based products and solutions. Dow’s market capitalization is $36.11 billion.

Dow’s inclusion in the top brands list stems from its robust product offering, customer-centric approach, continuous innovation, and broad market reach. The brand’s commitment to sustainability and value-creation technologies has helped secure its place on the global stage.

16. Bayer

Bayer is a globally leading life science company that deals in pharmaceuticals, consumer health, and crop science, with a market capitalization of $34.39 billion. Headquartered in Germany, Bayer has an expansive presence in over 100 countries and is committed to creating innovative solutions for a better life.

Bayer has etched its position among the top brands due to its strong commitment to research and development, focus on life sciences, and ability to create breakthrough innovations across diversified fields. Its substantial contribution to the healthcare sector and focus on sustainability further strengthens its position in the market.

17. PPG Industries

PPG Industries is an American multinational corporation specializing in specialized coatings, paints, and materials. With a market capitalization of $33.87 billion, it operates in more than 70 countries, serving industrial, automotive, aerospace, and other markets with high-performing paints and coatings solutions.

PPG Industries’ presence among the top brands can be accredited to their dedication to innovation, quality, and a broad range of product offerings in the coatings. The brand’s customer-centric approach and focus on environmentally friendly solutions and performance products have helped PPG Industries achieve a robust and competitive position in its industry.

18. Wanhua Chemical

Wanhua Chemical is a leading Chinese multinational company specializing in polyurethane products, organic chemicals, performance materials, and petrochemicals. With a market capitalization of $33.82 billion, the company has successfully established a global presence, focusing on meeting customers’ evolving needs through innovative product development.

Wanhua Chemical ranks among the top brands due to its integrated business model, focus on innovation, and comprehensive product portfolio in polyurethane and petrochemical markets. Its commitment to vertical integration and investments in global expansion projects have positioned Wanhua Chemical as a critical player in the industry.

19. DuPont de Nemours

DuPont de Nemours, known as DuPont, is an American conglomerate with a rich history of delivering innovative solutions in multiple industries, such as electronics, transportation, construction, and personal safety. DuPont’s market capitalization is valued at $31.57 billion, reflecting its dominant position in the chemical sector.

DuPont’s status among the top brands is derived from its commitment to science-based innovation, robust product portfolio, and emphasis on sustainability. By leveraging its technological capabilities and global reach, DuPont continues to achieve consistent growth and deliver value to its customers and shareholders.

20. Corteva

Corteva, a leading global provider of agricultural products and services, was formed as a spin-off from the merger of DowDuPont. The company has a market capitalization of $31.16 billion and operates in over 140 countries, focusing on seeds, crop protection, and digital agriculture solutions.

Corteva’s place among the top brands can be attributed to its expertise in the agricultural sector, rich product pipeline, and strong commitment to research and development. By driving innovation and offering personalized solutions for farmers, Corteva is redefining the farm landscape and securing its position as a market leader.

21. Henkel

Henkel is a German multinational company that operates across three business sectors: Adhesive Technologies, Beauty Care, and Laundry and Home Care. With a focus on innovation and sustainability, Henkel provides high-quality solutions across 120 countries. Henkel’s market capitalization is valued at $30.87 billion.

Henkel’s position in the top brands list is due to its strong brand portfolio, commitment to sustainability, and ability to offer innovative and high-quality products consistently. Its strategic growth initiatives and investments in digitalization and emerging markets have also contributed to its top status.

22. LyondellBasell

LyondellBasell is an American multinational chemical corporation serving fuel, building, and construction markets, food and beverage packaging, automotive, and electronics. One of the world’s largest plastics, chemicals, and refining companies, its market capitalization is $30.68 billion.

LyondellBasell’s strength and market value lie in its broad and diverse product portfolio, technological invention, and sustainable practices. Effective utilization of resources and an ability to adapt to market changes support its place among the top brands.

23. LG Chem

Based in South Korea, LG Chem is a leading global chemical company specializing in petrochemicals, IT & electronic materials, and energy solutions. Committed to sustainable growth and innovation, LG Chem’s market capitalization is at $28.81 billion.

LG Chem’s prominence among the top brands derives from its dedication to research and development, diversification strategy, and leadership in key markets such as electronics and energy solutions. Their customer-oriented focus and consistent investment in new technology have secured their competitive position.

24. POSCO Chemical

POSCO Chemical, a member of the POSCO family, is a South Korean company specializing in secondary battery materials, tire cords, synthetic rubber, and carbon materials. As a relatively young brand, it has quickly risen in its field, with a market capitalization of $21.58 billion.

POSCO Chemical’s elevation to the top brands can be attributed to its aggressive growth strategy, focus on emerging markets like secondary battery materials, and strategic collaborations with smaller companies. Its commitment to technological advancement and sustainability initiatives also strengthens its position.

25. Industries Qatar

Industries Qatar is a leading industrial conglomerate in the Middle East, specializing in petrochemicals, fertilizers, and steel industries. A key contributor to Qatar’s economic growth, Industries Qatar’s market capitalization is valued at $20.62 billion.

Industries Qatar’s placement among the top brands is due to its robust industrial base, state support, and significant export capacity. Its investment in production capacity, expansion projects, and commitment to diversified growth also play a pivotal role in reinforcing its global position.

26. Formosa Plastics

Formosa Plastics, headquartered in Taiwan, is a prominent industrial corporation specializing primarily in plastics and petrochemicals. With a substantial global reach, this corporation manufactures and markets plastic products for various commercial applications. Formosa Plastics’ current market capitalization stands at $16.24 billion.

Formosa Plastics’ strong recognition among the top brands stems from its consistent production of high-quality petrochemical products, commitment to constant innovation, and broad industrial reach. Its proficient management and emphasis on research and development further solidify its position within the industry.

27. Eastman

Headquartered in the United States, Eastman produces plastics, chemicals, and fibers globally. With a vested interest in advancing sustainable and innovative solutions, Eastman has earned a reputation for materially improving the quality of life. The company’s market capitalization is $10.62 billion.

Eastman’s reputation among the top brands is attributed to its commitment to delivering advanced materials, distinctive services, and a customer-focused approach. Its robust sustainability practices and ongoing commitment to innovation further enhance its standing.

28. Mitsubishi Chemical Group

Mitsubishi Chemical Group is a multinational corporation providing various products and services across multiple industries, including healthcare, electronics, and information technology. Boasting a market capitalization of $9.56 billion, it continues to leverage premier science and engineering for societal change.

Mitsubishi Chemical Group’s rank among the top brands arises from its expansive product portfolio, strategic global acquisitions, and invigorating belief in sustainable growth and technological innovation. Its diversified business structure and intense focus on R&D bolster its competitive edge.

29. Evonik

Evonik is a leading global chemical company headquartered in Germany. Known for producing high-quality specialty chemicals, Evonik caters to various sectors such as health, nutrition, resource efficiency, and more. The company has a market capitalization of $9.15 billion.

Evonik’s placement among the top brands results from its persistent focus on innovation, commitment to sustainability, and comprehensive portfolio of specialty chemical products; its strength in strategic relationships and R&D efforts contribute significantly to its worldwide renown.

30. Toray Industries

Toray Industries, a Japanese multinational corporation, specializes in industrial products, including fibers, textiles, plastics, and chemicals. With global reach and a market capitalization of $8.31 billion, it’s committed to creating new value and innovation with advanced materials.

Toray Industries’ place in the top brands list is due to its strong product diversification, technology-based innovation, and commitment to delivering superior quality. The brand’s vision for future growth and sustainability initiatives reinforce its position.

31. Sumitomo Chemical India Pvt Ltd

As part of the giant Sumitomo Chemical Group, this Indian subsidiary specializes in manufacturing and selling high-performance chemicals and fertilizers. A significant player in the AgroChemicals industry in India, Sumitomo Chemical India has a market capitalization valued at about $4.03 billion.

Sumitomo Chemical India’s position among the top brands stems from its unwavering commitment to quality, robust product portfolio, and strong presence in the fast-growing Indian market. Its alignment with the global vision of sustainable growth contributes to its strong market position.

32. Braskem

Brazil-based Braskem is the largest petrochemical producer in the Americas and a global leader in the production of biopolymers. It produces a diverse range of petrochemical products used in various sectors. Braskem’s market capitalization is valued at $2.82 billion.

A leader in materials and sustainable solutions, Braskem’s placement among the top brands is a testament to its innovative product development, substantial regional dominance, and significant investments in green solutions like bio-based plastic.

33. INEOS

INEOS is a young but rapidly growing UK-based petrochemical company with a presence in 29 countries and diversified product segments. Despite its relatively small size with a market capitalization of $0.17 billion, INEOS has demonstrated impressive annual sales growth since its inception in 1998.

INEOS’s position among the top brands is attributed to aggressive growth strategies, extensive global reach, and an expansive range of product offerings across multiple industries. Its rapid growth trajectory and willingness to make bold decisions further enhance its standing within the market.

Conclusion

As we conclude our exploration of the top chemical companies, it’s evident that these organizations are more than just corporate entities; they are innovators and pioneers at the forefront of scientific progress. Their contributions extend beyond their laboratories and production lines, impacting our economy, environment, and everyday life.

While challenges remain, particularly in sustainable practices and environmental impact, the strides made by these industry leaders offer a glimpse into a future where science and responsibility converge.

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