20 Companies! Summary of Chemical Giants’ 2024 Financial Performance!

Celanese On February 18, global chemical and specialty materials company Celanese announced its full-year 2024 net sales totaled $10.3 billion, down 6% year-on-year—primarily due to persistently weak global demand across key end markets including automotive, paints & coatings, construction, and industrial sectors, posing headwinds throughout the year. In 2024, the company reported a consolidated operating loss of $697 million; adjusted EBIT was $1.6 billion, down 6% year-on-year; and operating EBITDA stood at $2.4 billion, with corresponding margins of (7)%, 16%, and 23%. Additionally, Celanese announced plans to cease production and shut down its Mylar specialty film manufacturing business in Luxembourg—a 50/50 joint venture between Celanese and Teijin. This move aligns with the company’s core principle of exiting high-cost facilities. Lanxess On January 20, Lanxess issued a preliminary earnings announcement, forecasting its Q4 2024 EBITDA at approximately €159 million—significantly exceeding the current market consensus (VARA) of €130 million by 22%. Accordingly, Lanxess expects its full-year 2024 EBITDA before non-recurring items to reach approximately €614 million—up about 20% year-on-year, landing at the upper end of its previously guided growth range of 10–20%. The strong Q4 performance was primarily driven by better-than-expected December sales, especially due to customer pre-purchasing. This early-sales effect occurred mainly in the U.S., particularly for products from Lanxess’s Specialty Additives and Consumer Protection divisions. Huntsman On February 17, Huntsman Corporation released its 2024 financial results: full-year revenue amounted to approximately $6.0 billion, with a net loss of $189 million. In Q4 2024 alone, revenue reached $1.452 billion; net loss attributable to Huntsman was $141 million; adjusted net loss attributable to Huntsman was $43 million; and adjusted EBITDA stood at $71 million. Huntsman’s quarterly results for the first three quarters of 2024 were as follows: Q3 revenue was $1.54 billion with a net loss of $33 million; Q2 revenue was $1.574 billion with net income of $22 million; and Q1 revenue was $1.47 billion with a net loss of $37 million. Syensqo On February 27, Syensqo released its 2024 financial results: net sales totaled €6.6 billion, reflecting an organic decline of 3% year-on-year—mainly attributable to price reductions (−4%); EBITDA amounted to €1.4 billion, in line with expectations. Specifically, Q4 2024 net sales reached €1.6 billion, representing an organic increase of 2% year-on-year—driven primarily by volume growth (+3%); Q4 EBITDA was €298 million, up 5% organically year-on-year, with contributions from both the Materials and Consumer Care & Resources businesses. Furthermore, in 2025, Syensqo will continue evaluating various initiatives to accelerate value creation—including asset divestitures—to become a more focused specialty chemicals company. Building on its already-announced decision to divest its oil & gas business, Syensqo plans to adopt the same approach for its Fragrance & Functional Chemicals business.

Authoritative Release | Who Are the Top 50 Global Chemical Companies by Revenue in 2025? With Detailed Data Analysis →

Editor’s Note: The China National Center for Petroleum and Chemical Industry Economic and Technological Development (CNCPEC) is a leading comprehensive consulting service provider in China’s petroleum and chemical industry. It operates its own global chemical data platform and maintains a team of professional researchers. For many years, CNCPEC’s Research Group on Global Leading Chemical Enterprises has dynamically tracked investment directions, strategic resource allocation trends, and financial structure optimization patterns among approximately 100 top global chemical enterprises. Based on this work, the group compiled the 'Dynamic Monitoring Report on Global Leading Chemical Enterprises (2025)'. The editorial team has edited and summarized the information on the top 50 chemical enterprises featured in this report. Their strategic moves serve as barometers for global industry development and exert a guiding influence on the evolution of industry structure. Moreover, their core financial indicators amplify signals of global supply-demand shifts—and have thus become critical leading indicators for anticipating turning points in the chemical industry cycle. □ Research Group on Global Leading Chemical Enterprises, China National Center for Petroleum and Chemical Industry Economic and Technological Development In recent years, the international environment has grown increasingly complex and volatile, regional instability continues to intensify, global economic growth has slowed, and energy structures are undergoing accelerated transformation. The global chemical industry is confronting multiple challenges—including shrinking demand, supply chain disruptions, and surging trade barriers. At the same time, the global economy has demonstrated notable resilience, market demand is recovering steadily, inflation is gradually returning toward target ranges, and confidence in achieving a soft landing for the global economy continues to strengthen—creating new opportunities for the global chemical industry. Overall, amid coexisting challenges and opportunities, clear signs of recovery are emerging across the global chemical industry, and the broad-based downturn has begun to ease. Overall Situation Although the global chemical industry continued its downward trend in 2024—as it did in 2023—the pace of decline significantly narrowed, and regional divergence accelerated. Early signs of bottoming out in profitability emerged among industry leaders. Total chemical revenue generated by the top 50 global chemical enterprises amounted to RMB 755.321 billion (same currency unit throughout), down 1.0% year-on-year—a narrowing of 4.9 percentage points compared to 2023. Source: Corporate financial reports and publicly available data, collected, collated, and analyzed by the China National Center for Petroleum and Chemical Industry Economic and Technological Development. (Click image to view high-resolution version) Specifically, Sinopec ranked first on the 2024 Top 50 Global Leading Chemical Enterprises list with chemical revenue of RMB 523.86 billion; Germany’s BASF followed closely in second place with RMB 504.12 billion; and U.S.-based Dow secured third position with RMB 305.98 billion—surpassing U.S.-based ExxonMobil. Sinopec exhibited a recovery-oriented growth pattern, with its chemical revenue shifting from decline to growth, rising 1.7% year-on-year. BASF’s chemical revenue declined 4.3% year-on-year, while Dow’s fell 2.7%. Fertilizer prices—having peaked in 2022—continued their downward trajectory, causing further sharp declines in the 2024 performance of fertilizer producers such as Norway’s Yara and U.S.-based Mosaic. Although the rate of decline eased somewhat, Mosaic remained the enterprise with the largest year-on-year drop in chemical revenue among the Top 50—down 17.9%—resulting in a significant 11-rank slide in its overall position. Year-on-Year Ranking Changes Among the Top 50 Global Leading Chemical Enterprises in 2024 (Click image to view high-resolution version) Regional Distribution Geographically, 45 of the Top 50 enterprises are headquartered in the United States, China, Europe, and Japan/South Korea—up by one compared to 2023.

Eastman Chemical Company Reports Q1 Revenue of $2.18B, Surpassing Estimates

Apr 30, 2026

Eastman Chemical Company reported Q1 revenue of $2.18 billion and adjusted EPS of $1.09 per share, both exceeding analyst estimates. The company also provided Q2 adjusted EPS guidance ranging from $1.70 to $1.90.

www.marketscreener.com

2026-04-30

Eastman Chemical Announces First-Quarter 2026 Financial Results

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Eastman Chemical Company Reports Q1 Revenue of $2.18B, Surpassing Estimates

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Eastman Chemical: Q1 Earnings Snapshot

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Eastman Chemical Forecasts Q2 Adjusted EPS of $1.70-$1.90

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Eastman Chemical Q1 2026 slides: sequential gains amid geopolitical headwinds