2021 Global Top 50 Chemical Companies Financial Summary! BASF, DuPont, China’s ‘Three Oil Giants’, Wanhua Chemical, and Hengli Petrochemical—who was the most profitable?

Huntsman reported $8.453 billion in revenue and $1.104 billion in net profit for 2021; adjusted net profit stood at $784 million, and adjusted EBITDA totaled $1.343 billion. Celanese achieved net sales of $8.5 billion in 2021, up 51% year-on-year; consolidated operating profit reached $1.9 billion, and adjusted EBITDA hit a record $2.5 billion. Westlake Chemical recorded $11.8 billion in sales for 2021, an increase of 57% over 2020; EBITDA amounted to $3.7 billion—up 196% compared to the three-year average. Corteva’s fiscal year 2021 net sales totaled $15.65 billion, up 10% year-on-year. Sherwin-Williams posted net sales of $19.9446 billion in 2021, up 8.6% year-on-year; EBITDA was $3.1559 billion, down 8.29% year-on-year. PPG Industries reported approximately $16.8 billion in net sales from continuing operations in 2021, up about 21% year-on-year; adjusted net profit was $1.619 billion, up 12% year-on-year. Nutrien generated $27.7 billion in sales in 2021, up 33% year-on-year; adjusted EBITDA reached $7.126 billion, up 94% year-on-year. Mosaic reported net sales of $12.357 billion in 2021 (versus $8.682 billion in 2020); full-year net profit totaled $1.631 billion (versus $666 million in 2020). III. Asia Sinochem Group reported RMB 1108.6 billion in revenue for 2021, up 30% year-on-year; total profit reached RMB 35 billion, up 33%; net profit totaled RMB 20.1 billion, up 16%. Wanhua Chemical achieved approximately RMB 145.538 billion in revenue in 2021, up 98.19% year-on-year; net profit attributable to shareholders amounted to approximately RMB 24.649 billion, up 145.47%. Net profit has exceeded RMB 10 billion for five consecutive years. Yuntianhua reported RMB 63.249 billion in revenue for 2021, up 21.37% year-on-year; net profit attributable to shareholders totaled RMB 3.642 billion, up 1238.77%. Dongfang Shenghong recorded RMB 51.722 billion in revenue in 2021, up 53.48% year-on-year; net profit attributable to shareholders reached RMB 4.544 billion—a staggering 492.66% increase year-on-year. Tongkun Group reported RMB 60.08 billion in revenue for 2021, up 31.09% year-on-year; net profit totaled RMB 7.325 billion, up 158.17%. Zhongtai Chemical reported RMB 62.463 billion in revenue for 2021, down 25.83% year-on-year; net profit totaled RMB 2.703 billion, up 1769.96%. Rongsheng Petrochemical achieved RMB 181.535 billion in revenue in 2021, up 69.24% year-on-year; net profit attributable to shareholders reached RMB 12.843 billion, up 75.72%. Hengli Petrochemical achieved record-high revenue and profitability in 2021: revenue totaled RMB 197.97 billion, up 29.92% year-on-year; net profit attributable to shareholders amounted to RMB 15.531 billion, up 15.37%.

Latest: The Global Chemical Industry’s ‘Billion-Dollar Club’—13 Chinese Companies Make the List

Rank Company Headquarters 2021 Chemical Sales (in millions of USD) 1. BASF Germany 92,964 2. Sinopec China 78,358 3. Dow USA 54,968 4. ExxonMobil USA 52,544 5. LyondellBasell USA 46,173 6. SABIC Saudi Arabia 43,210 7. INEOS UK 43,045 8. Formosa Plastics Taiwan, China 39,799 9. ChemChina China 38,663 10. Hengli Petrochemical China 27,964 11. Linde Ireland 27,926 12. Mitsubishi Chemical Japan 27,874 13. Nutrien Canada 26,861 14. Air Liquide France 25,197 15. Rongsheng Petrochemical China 24,157 16. Bayer Germany 23,900 17. Shell UK 23,355 18. LG Chem South Korea 22,325 19. Wanhua Chemical China 22,284 20. Sherwin-Williams USA 19,945 21. Toray Industries Japan 19,847 22. Braskem Brazil 19,603 23. Covestro Germany 18,810 24. Shin-Etsu Chemical Japan 18,475 25. Sumitomo Chemical Japan 17,895 26. Evonik Germany 17,688 27. PPG Industries USA 16,802 28. Asahi Kasei Japan 16,791 29. DuPont USA 16,653 30. Yara Norway 16,616 31. Lotte Chemical South Korea 15,832 32. Corteva USA 15,655 33. Indorama Thailand 14,726 34. Mitsui Chemicals Japan 14,363 35. Shanghai Petrochemical China 13,699 36. Solvay Belgium 13,524 37. 3M USA 12,880 38. Ecolab USA 12,733 39. Hengyi Petrochemical China 12,592 40. Showa Denko Japan 12,502 41. Mosaic USA 12,357 42. Borealis Austria 12,009 43. Westlake Chemical USA 11,778 44. IFF USA 11,656 45. Henkel Germany 11,403 46. AkzoNobel Netherlands 11,339 47. Arkema France 11,259 48. DSM Netherlands 10,886 49. Eastman Chemical USA 10,476 50. Air Products USA 10,323 51. EuroChem Switzerland 10,202 52. Sika Switzerland 10,122 53. Sasol South Africa 9,924 54. Johnson Matthey UK 9,274 55. Nippon Paint Japan 9,094 56. Tongkun Group China 8,997 57. LANXESS Germany 8,938 58. Orbia Mexico 8,783 59. Celanese USA 8,537 60. Huntsman USA 8,453 61. Tosoh Japan 8,181 62. OCP S.A. Morocco 8,016 63. Air Water Japan 7,914 64. Grupo Alfa Mexico 7,705 65. Kumho Petrochemical South Korea 7,393 66. Wacker Chemie Germany 7,342 67. Olin USA 7,327 68. Givaudan Switzerland 7,312 69. ICL Israel 6,955 70. RPM USA 6,708 71. Eni/Versalis Italy 6,611 72. CF Industries USA 6,538 73. Xin Feng Ming Group China 6,388 74. Chemours USA 6,345 75. OCI Netherlands 6,319 76. Teijin Japan 6,316 77. Mitsubishi Gas Chemical Japan 6,285 78. UPL India 6,207 79. Kingfa Science & Technology China 5,905 80. Norinco Huajin China 5,895 81. Kuraray Japan 5,734 82. PhosAgro Russia 5,707 83. Petronas Chemicals Malaysia 5,556 84. Hanwha Solutions South Korea 5,509 85. Lonza Switzerland 5,259 86. Kaneka Japan 5,205 87. Nouryon Netherlands 5,161 88. FMC USA 5,045 89. Trinseo USA 4,828 90. Avient USA 4,819 91. Clariant Switzerland 4,783 92. Firmenich Switzerland 4,696 93. Shanghai Huayi China 4,657 94. Symrise Germany 4,525 95. Axalta USA 4,416 96. KG Chemical South Korea 4,309 97. Daicel Japan 4,167 98. Uralkali Russia 4,155 99. Orica Australia 3,942 100. Asian Paints India 3,885 101. Elkem Norway 3,850 102. Kansai Paint Japan 3,733 103. Tronox USA 3,572 104. Cabot USA 3,409 105. Albemarle USA 3,328 106. H.B.

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