Top 20 Global Chemical Companies by Revenue in 2025

The Mosaic Company announced its fourth-quarter and full-year 2025 financial results. Net sales for the quarter amounted to $2.974 billion, up from $2.816 billion in the prior-year period. Operating loss for the quarter was $101 million, compared to an operating loss of $99.9 million in the prior-year period. Net loss attributable to the company was $520 million, versus net income of $169 million in the prior-year period. Full-year net sales totaled $12.052 billion, up from $11.123 billion in the prior year. Full-year operating profit was $822 million, up from $622 million in the prior year. Full-year net income attributable to the company was $541 million, versus $175 million in the prior year. Coatings PPG Industries announced its fourth-quarter and full-year 2025 financial results. Net sales for the quarter were $3.914 billion, up 5% year-on-year from $3.729 billion. Net income from continuing operations for the quarter was $302 million, versus $2 million in the prior-year period. Full-year net sales totaled $15.875 billion, flat year-on-year versus $15.845 billion. Net income from continuing operations for the full year was $1.571 billion, up 17% year-on-year versus $1.344 billion. AkzoNobel announced its fourth-quarter and full-year 2025 financial results. Revenue for the quarter was €2.372 billion (approximately $2.782 billion), down 9% year-on-year from €2.619 billion. Operating profit for the quarter was €787 million, versus €127 million in the prior-year period. Net income attributable to shareholders was €598 million, versus €21 million in the prior-year period. Full-year revenue totaled €10.158 billion (approximately $11.9 billion), down 5% year-on-year from €10.711 billion. Full-year operating profit was €1.164 billion, up 27% year-on-year versus €917 million. Net income attributable to shareholders was €635 million, versus €542 million in the prior year. Nippon Paint Holdings Co., Ltd. announced its 2025 financial results. Full-year revenue totaled ¥1,774.231 billion (approximately $11.1 billion), up 8.3% year-on-year from ¥1,638.72 billion. Full-year operating profit was ¥257.104 billion, up 38.1% year-on-year from ¥186.206 billion. Net income attributable to owners of parent was ¥179.8 billion, up 42.8% year-on-year from ¥125.889 billion. Sherwin-Williams announced its fourth-quarter and full-year 2025 financial results. Net sales for the quarter were $5.596 billion, up from $5.297 billion in the prior-year period. Net income for the quarter was $477 million, versus $480 million in the prior-year period. Of this, net sales for the Paint Stores Group were $3.127 billion; for the Performance Coatings Group, $1.642 billion; and for the Consumer Brands Group, $825 million. Full-year net sales totaled $23.574 billion, up from $23.1 billion in the prior year. Full-year net income was $2.569 billion, versus $2.681 billion in the prior year.

Axalta’s first-half revenue declined to RMB 18.7 billion, while its China revenue grew 9% to RMB 2.1 billion

By business segment, Axalta’s high-performance coatings segment generated sales revenue of $1.658 billion in the first half of 2025, a 4.44% decline year-on-year: automotive refinish coatings revenue was $1.025 billion, down 3.76% year-on-year; industrial coatings revenue was $633 million, down 5.52% year-on-year. The mobility coatings segment generated sales revenue of $909 million, down 0.11% year-on-year: light vehicle business revenue was $702 million, up 0.86% year-on-year; commercial vehicle business revenue was $207 million, down 3.27% year-on-year. Axalta’s Q2 2025 Operating Results According to its financial report, net sales for Q2 2025 declined 3% year-on-year to $1.305 billion; volume declines—primarily in the high-performance coatings segment—outweighed contributions from the CoverFlexx acquisition and favorable currency translation effects. Operating profit was $193 million, down 5.85% year-on-year; pre-tax profit was $143 million, down 8.33% year-on-year; adjusted EBITDA reached a new quarterly record of $292 million, up $1 million year-on-year. Adjusted EBITDA margin expanded by 90 basis points year-on-year to 22.4%. Net income declined 3% year-on-year to $110 million, with a net profit margin of 8.4%. The primary driver of the decline was costs associated with a newly launched restructuring initiative aimed at improving efficiency, partially offset by reductions in operating expenses as well as lower interest and tax expenses. Adjusted net income increased by $4 million year-on-year to $139 million, driven by lower operating expenses, reduced interest expense, and improved variable costs. Diluted earnings per share declined 2% year-on-year to $0.50, while adjusted diluted EPS rose 5% year-on-year to $0.64. In Q2 2025, Axalta generated $142 million in cash from operating activities, a significant improvement over $114 million in the prior-year period. This year-on-year growth reflects the company’s focus on margin expansion and operational discipline. Free cash flow for the quarter was $101 million, up from $95 million in the prior-year period, supported by stronger operating performance, partially offset by increased strategic capital expenditures aimed at enhancing productivity and long-term growth. Chris Villavarayan, Axalta’s CEO and President, stated: “We delivered another outstanding quarter, with record adjusted EBITDA and adjusted diluted EPS. Our results reflect Axalta’s commitment to operational excellence and our dedication to achieving financial targets and creating value through the goals of our ‘Excellence Plan.’” According to the financial report, Axalta’s high-performance coatings segment achieved net sales of $836 million in Q2 2025, down 6.0% year-on-year. Contributions from the CoverFlexx acquisition and favorable foreign exchange impacts partially offset the organic decline in net sales. Automotive refinish net sales declined 6% year-on-year to $514 million, primarily driven by organic net sales declines in North America.