Top 20 Global Chemical Companies by Revenue in 2025

Westlake Corporation announced its fourth-quarter and full-year 2025 financial results. Q4 net sales totaled $2.533 billion, down from $2.843 billion in the prior-year period. Net loss attributable to the company for the quarter was $544 million, compared to a net loss of $782 million in the prior-year quarter. Full-year net sales amounted to $11.17 billion, down from $12.142 billion in 2024. Full-year net loss attributable to the company was $1.508 billion, versus net income of $602 million in 2024. International Flavors & Fragrances Inc. (IFF) announced its Q4 and full-year 2025 results. Q4 net sales were $2.589 billion, down 7% year-on-year from $2.771 billion. Operating profit for the quarter was $97 million, down 24% from $127 million in the prior-year quarter. Net income attributable to shareholders was $18 million, versus a net loss of $60 million in the prior-year quarter. Full-year net sales totaled $10.89 billion, down 5% from $11.184 billion in 2024. Full-year operating loss was $382 million, versus operating income of $766 million in 2024. Full-year net loss attributable to shareholders was $374 million, versus net income of $263 million in 2024. Celanese Corporation announced its Q4 and full-year 2025 results. Q4 net sales were $2.204 billion, down from $2.358 billion in the prior-year quarter. Operating profit for the quarter was $93 million, versus an operating loss of $1.419 billion in the prior-year quarter. Net income for the quarter was $22 million, versus a net loss of $1.922 billion in the prior-year quarter. Full-year net sales totaled $9.544 billion, down from $10.268 billion in 2024. Full-year operating loss was $786 million, versus an operating loss of $720 million in 2024. Full-year net loss was $1.151 billion, versus a net loss of $1.534 billion in 2024. Eastman Chemical Company announced its Q4 and full-year 2025 results. Q4 sales were $1.973 billion, down from $2.245 billion in the prior-year quarter. Net income attributable to the company was $105 million, versus $330 million in the prior-year quarter. Full-year sales totaled $8.752 billion, down from $9.382 billion in 2024. Full-year net income attributable to the company was $474 million, versus $905 million in 2024. DuPont de Nemours, Inc. announced its Q4 and full-year 2025 results. Q4 net sales were $1.693 billion, up slightly from $1.689 billion in the prior-year quarter. Net loss attributable to common shareholders was $126 million, versus a net loss of $117 million in the prior-year quarter. Full-year net sales totaled $6.849 billion, up from $6.719 billion in 2024. Full-year net loss attributable to common shareholders was $779 million, versus net income of $703 million in 2024. DuPont has previously completed the spin-off of its Electronics Materials business into an independent, publicly traded company named Qnity Electronics. Huntsman Corporation announced its Q4 and full-year 2025 results.

Breaking News! DuPont Announces Termination of Acquisition — What’s Going On? Plastic Futures Rally for Three Consecutive Days; ABS Prices Rebound by RMB 100/Ton Intraday; Freight Rates Fall to Cost Level, Severely Impacting Southeast Asian Exports; Experts: Situation May Further Deteriorate

Lead-in Chemical giant DuPont announced the termination of its acquisition deal with Rogers Corporation, an engineering materials company; Freight rates on the U.S. West Coast have fallen to cost level, severely impacting exports from Southeast Asia; experts warn the situation may further deteriorate; Plastic futures rose for three consecutive days; ABS and PET prices rebounded modestly by RMB 100 per ton. Breaking News! DuPont Announces Acquisition Termination! On November 2, chemical materials giant DuPont announced it would terminate its acquisition of Rogers Corporation due to failure to obtain timely regulatory approvals. According to the official statement, DuPont will pay Rogers a breakup fee of $162.5 million. As of now, Rogers’ stock (ROG) has plunged approximately 43% to $129. This acquisition was first announced in November last year, when DuPont agreed to acquire Rogers for $5.2 billion at $277 per share. The deal had originally been expected to close in Q2 2022, subject to approval by Rogers’ shareholders and applicable regulatory authorities. The bottleneck occurred during the regulatory review phase—specifically, antitrust scrutiny—which delayed the transaction for several months. In late September this year, DuPont withdrew and resubmitted its merger filing to antitrust regulators, intending to complete the deal as soon as possible. At that time, most observers speculated the deal might be renegotiated at a lower price—not terminated outright. Yet according to the latest announcement, the acquisition has indeed been terminated. DuPont is scheduled to release its Q3 earnings next Tuesday, when more details regarding the rationale behind this decision may be disclosed. As a global chemical powerhouse, DuPont has recently been transforming toward high-growth, high-value-added sectors such as electric vehicles, ADAS (Advanced Driver Assistance Systems), 5G communications, and clean energy. Rogers is a specialty electronics materials company with a market capitalization of nearly $4 billion. Its core products include high-performance, highly reliable engineered materials and components; its revenue in 2021 was approximately $950 million. Last July, DuPont acquired Laird Performance Materials—a key player in electronic materials—for $2.3 billion. Rogers’ electronics and industrial businesses were seen as highly complementary, and the proposed acquisition would have further strengthened DuPont’s supply chain capabilities in the electronics sector. Beyond this acquisition, DuPont recently also announced the divestiture of the majority of its Transportation & Industrial segment to Celanese for $11 billion in cash. In 2021, DuPont’s net sales exceeded $16.7 billion—the divested businesses accounted for over two-thirds of that total. Freight Rates Fall to Cost Level, Hitting Southeast Asian Exports Hard The container shipping market is experiencing downward pressure amid continued deliveries of large container vessels. Spot freight rates on the U.S. West Coast have recently dropped to around $1,500 per 40-foot container—reaching the break-even point for most carriers. Rolf Habben Jansen, CEO of Hapag-Lloyd—the world’s fifth-largest container line—stated that excessive order cancellations in the market could accelerate a rebound in freight rates. Industry insiders note that the break-even rate for mega-container ships (10,000+ TEU) on the U.S. West Coast is approximately $1,500 per 40-foot container, while for smaller vessels (<10,000 TEU), it stands at roughly $1,700. Current rates have already fallen to or below most carriers’ cost levels; one carrier has even offered rates under $1,500. By contrast, U.S. East Coast rates remain relatively stable at around $4,800 per 40-foot container—about 40% above the estimated cost level of $2,800.

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DuPont de Nemours will release Q3 2026 earnings on November 3rd, with analysts projecting $1.87 EPS and $1.84 billion revenue alongside a new quarterly dividend declaration.

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