The Top 100 chemical companies generated revenues of $1.05 trillion in 2019

Independent Commodity Intelligence Services (ICIS) has announced its annual ICIS Best Players Chemical Companies report on global producers rated by 2019 sales.  Your opportunity includes both private and public companies, in addition to additional metrics on operating profit, internet earnings, capital expenses, R&D spending, in addition to total assets and employees.

This season, Germany's BASF obtained charge because the world's largest chemical company with sales of $66.6bn in 2019, a decline of just one.5% from 2018.

Arriving second was 2018's leader, China-based Sinopec with $63.2bn in chemicals sales, adopted by US-based Dow jones in third with $43.0bn in revenues, US-based LyondellBasell in 4th with $34.7bn in sales, and Saudi Arabia's SABIC in fifth with $32.5bn in sales.

"2019 would be a tough year for that global chemicals sector with declines in profits almost overall among a producing slowdown. It has been overshadowed through the coronavirus pandemic in 2020 that will hit results even harder," stated Frederick Chang, Global Editor of ICIS Chemical Business.

The synchronized global manufacturing slowdown together with overcapacity in key chemical markets designed for a hard 2019.

"The Very Best 100 chemical companies generated revenues of $1.05 trillion in 2019 - lower 4.9% in 2018 on the comparable, as reported, basis. The information reveal that 33 from the companies within this listing reported an autumn in sales in excess of 10%," stated Nigel Davis, ICIS Insight Editor.

This comes even close to a strong 2018 in which the ICIS Best Players Chemical Companies generated combined sales of $1.2 trillion, up 10% from last year.