Top 20 Global Chemical Companies by Revenue in 2025

DuPont announced its fourth-quarter and full-year 2025 financial results. Fourth-quarter net sales totaled $1.693 billion, compared to $1.689 billion in the prior-year period. Net loss attributable to DuPont’s common shareholders for the quarter was $126 million, versus a net loss of $117 million in the prior-year quarter. Full-year net sales amounted to $6.849 billion, up from $6.719 billion in 2024. Full-year net loss attributable to DuPont’s common shareholders was $779 million, reversing from a net income of $703 million in 2024. DuPont has already completed the spin-off of its Electronics Materials business into an independent, publicly traded company named Qnity Electronics. Huntsman Corporation announced its fourth-quarter and full-year 2025 financial results. Fourth-quarter revenue totaled $1.355 billion, down from $1.452 billion in the prior-year period. Net loss attributable to the company for the quarter was $96 million, versus a net loss of $141 million in the prior-year quarter. Full-year revenue totaled $5.683 billion, down from $6.036 billion in 2024. Full-year net loss attributable to the company was $284 million, compared to a net loss of $189 million in 2024. Industrial Gases Linde plc announced its fourth-quarter and full-year 2025 financial results. Fourth-quarter sales totaled $8.764 billion, up from $8.282 billion in the prior-year period. Operating profit for the quarter was $2.018 billion, versus $2.27 billion in the prior-year quarter. Net income for the quarter was $1.53 billion, versus $1.725 billion in the prior-year quarter. Full-year sales totaled $33.986 billion, up from $33.005 billion in 2024. Full-year operating profit was $8.923 billion, up from $8.635 billion in 2024. Full-year net income was $6.898 billion, up from $6.565 billion in 2024. Air Liquide announced its 2025 financial results. Total annual revenue was €26.94 billion (approximately $31.6 billion), down slightly from €27.058 billion in 2024. Group net profit attributable to shareholders was €3.518 billion, up from €3.306 billion in 2024. Air Products & Chemicals announced its first fiscal quarter results ended December 31, 2025. Quarterly sales totaled $3.103 billion, up from $2.932 billion in the prior-year period. Operating profit for the quarter was $735 million, versus $644 million in the prior-year quarter. Net income attributable to the company was $678 million, up from $617 million in the prior-year quarter. Crop Science Syngenta Group announced its fourth-quarter and full-year 2025 financial results. Fourth-quarter group revenue totaled $7.6 billion, up from $7.5 billion in the prior-year period. Of this, Syngenta Crop Protection generated $3.9 billion, Adama $1.0 billion, Syngenta Seeds $1.6 billion, and Syngenta Group China $1.8 billion. Group EBITDA for the quarter was $900 million, down from $1.1 billion in the prior-year quarter. Full-year group revenue totaled $28.4 billion, down from $28.8 billion in 2024. Full-year group EBITDA was $4.4 billion, up from $3.9 billion in 2024. Of this, Syngenta Crop Protection generated $13.7 billion, Adama $4.1 billion, Syngenta Seeds $4.8 billion, and Syngenta Group China $8.3 billion.

Blaming AI Again? This Gas Surged 240%

Argon is primarily produced via cryogenic air separation—a byproduct of the air separation process. Unlike many other chemical products, manufacturers cannot simply install a dedicated argon production unit to quickly ramp up supply when prices rise. New supply capacity ultimately depends on air separation units (ASUs), argon extraction capabilities, and downstream distribution infrastructure—resulting in inherently low short-term supply elasticity. This summer, maintenance shutdowns at some ASUs, reduced operational loads due to high ambient temperatures, and regional supply disruptions collectively tightened liquid argon supply on a temporary basis. According to a July analysis by ChemLinked (Zhuo Chuang Information), concentrated ASU maintenance across central and eastern China—combined with heat-induced reductions in liquid output—significantly widened the market supply gap. Yet argon merits special attention not because it is exotic, but because of its dual identity. On one hand, it serves as a critical industrial gas for welding, steelmaking, and mechanical manufacturing—argon arc welding being its largest application, widely used in structural steel, pressure vessels, shipbuilding, construction machinery, and aluminum components for new-energy vehicles. On the other hand, argon is classified as an electronic bulk gas, playing essential roles—including protective and carrier functions—in semiconductor manufacturing. The semiconductor industry imposes far stricter requirements on argon purity, impurity control, and supply stability than general industrial applications do. It is not a 'magical semiconductor material,' but rather one of the most fundamental and ubiquitous gases in semiconductor fabrication. Precisely because it is so foundational, its demand trends serve as a reliable barometer for overall industry expansion. AI did not directly trigger this price surge—but it is indeed lifting the long-term demand floor for electronic gases. Argon prices rose 240%, yet AI cannot be considered the direct driver. However, AI-driven semiconductor capacity expansion is undeniably elevating the long-term demand baseline for electronic gases. Two global industrial gas leaders have already committed substantial capital investments targeting semiconductor growth. On July 31, 2026, Linde announced a long-term gas supply agreement with a major global semiconductor manufacturer and plans to invest approximately $1 billion to expand its industrial gas facility in Phoenix, Arizona. The project includes constructing two new air separation units to supply ultra-high-purity nitrogen, oxygen, and argon to two newly built semiconductor wafer fabs. Linde described this as one of its largest-ever investments globally for electronics industry customers. If semiconductor capacity expansion were merely a capital-market narrative, Linde would have no reason to commit $1 billion toward building ASUs. In July 2026, industrial gas giant Air Products disclosed in its third-fiscal-quarter earnings materials that its subsidiary Sanfu Gases had signed a long-term agreement with a semiconductor manufacturer to support its capacity expansion. Under the agreement, Sanfu will design, build, own, and operate four large-scale advanced air separation units, bulk gas delivery systems, and underground pipeline networks—supplying nitrogen, oxygen, argon, and helium. This confirms that semiconductor-driven gas demand has already translated into real, tangible capital expenditures—not just conceptual or speculative commitments. Argon Is the Symptom—Supply and Demand Are the Root Cause Broadening the lens beyond argon to the entire electronic gases sector reveals that argon is neither the first nor the last gas to experience supply-demand imbalances. On July 10, 2026, China’s Ministry of Commerce and General Administration of Customs jointly issued a notice, invoking provisions of the PRC Foreign Trade Law, to impose temporary export bans on helium—effective immediately upon publication.

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Air Products income surges, continues to refocus on traditional industrial gas projects

Air Products income surges, continues to refocus on traditional industrial gas projects

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