Top 10 Chemical Companies in the World in 2021 by Revenue

BASF SE, Dow Inc, Saudi Basic Industries Corp, LyondellBasell Industries NV, and 3M Co are the top 5 chemical companies in the world in 2021 by revenue. Cumulatively, the top 10 chemical companies in the world generated revenue of $407,589 million, with average revenue growth of 22.6%, where the highest revenue was generated by BASF SE ($92,938 million), followed by Dow Inc ($54,968 million), while the lowest increases were registered by Sumitomo Chemical Co Ltd ($20,360 million). The highest revenue growth was registered by LyondellBasell Industries NV (66.4%), followed by Saudi Basic Industries Corp (49.5%), while Mitsubishi Chemical Group Corp reported a decline in its revenues by 9.0%. In terms of the geographical split, 5 out of the world's top 10 chemical companies are based in Europe, while 3 are based in Asia, and the remaining 2 are based in North America. They employed a total of 588,650 people in 2021. Germany-based BASF SE is the largest chemical company in the world (by revenue). The company reported revenues of $92,938 million for the fiscal year ended December 2021 (FY2021), an increase of 32.9% over FY2020. The company carries out the production, marketing, sales of chemicals, plastics, crop protection products, and performance products, and Others. It operates 347 production plants and six Verbund sites worldwide. The company has operations in more than 80 countries. BASF carries out R&D in alliance with global customers, scientists, and partners. The company operates through a network of manufacturing facilities across the world and employs 110,725 people. Dow Inc is one of the leading chemical companies in the world (by revenue). The company reported revenues of $54,968 million for the fiscal year ended December 2021 (FY2021), an increase of 42.6% over FY2020. The company provides material science solutions across various markets and operates its business through its wholly-owned subsidiary, The Dow Chemical Co (TDCC). The company’s product portfolio is comprised of plastics, performance materials, coatings and silicones, and industrial intermediates. As of December 31, 2021, Dow operates 104 manufacturing sites in 31 countries and employs 35,700 people.