BASF regains lead in ICIS Top 100 Chemical Companies ranking

Prnewswire | August 07, 2020

ICIS has announced its annual ICIS Top 100 Chemical Companies listing of global producers ranked by 2019 sales. This year, Germany's BASF regained the lead as the world's largest chemical company with sales of $66.6bn in 2019, a decline of 1.5% from 2018. Coming in second was 2018's leader, China-based Sinopec with $63.2bn in chemicals sales, followed by US-based Dow in third with $43.0bn in revenues, US-based LyondellBasell in fourth with $34.7bn in sales and Saudi Arabia's SABIC in fifth with $32.5bn in sales.  "2019 was a tough year for the global chemicals sector with declines in sales and profits almost across the board amid a manufacturing slowdown. This has been overshadowed by the coronavirus pandemic in 2020 which will hit results even harder," said Joseph Chang, Global Editor of ICIS Chemical Business.

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