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    Home > Chemicals Industry > International Chemical > The global chemical industry's $1 billion club list is released

    The global chemical industry's $1 billion club list is released

    • Last Update: 2021-11-12
    • Source: Internet
    • Author: User
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    Recently, the US "Chemical Weekly" announced the latest ranking of the 2021 global chemical 1 billion dollar club


    Little change in the top five rankings

    Little change in the top five rankings Little change in the top five rankings

    In 2020, when the global epidemic is pandemic and the external environment is extremely difficult, BASF will continue to maintain its top position in the industry with sales of $73.


    Sales revenue generally declined

    Sales revenue generally declines Sales revenue generally declines

    The most notable feature of the 2021 Global Chemicals $1 Billion Club Ranking is not the company’s ranking change.


    Among the 100 companies that were shortlisted in the US "Chemical Weekly" 2021 Global Chemical $1 Billion Club Ranking, 78 companies saw sales revenue decline in 2020, while only 22 companies saw revenue growth


    Limited impact of M&A transactions

    Limited impact of M&A transactions Limited impact of M&A transactions

    At the same time, M&A transactions significantly changed the rankings in the late 2010s, but their impact in 2020 was very limited because the epidemic restricted large-scale M&A transactions


    A difficult year

    Go through a hard year go through a hard year

    Although the pandemic is unprecedented, many chemical manufacturers have developed action plans to minimize damage


      Jim Fettering, Chairman and CEO of Dow Chemical, stated in a letter to shareholders in February: "Due to the global economic downturn caused by the epidemic, coupled with the sharp decline in demand due to the stay-at-home order, Dow Chemical has also been affected


      Some parts of the world have recovered from the epidemic faster than others


      As time goes on, approaching 2021, the global chemical industry rebounded almost as sharply as the contraction in the second quarter of 2020, although there was a significant pause




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