BASF, a German chemical enterprise, ranks first in the ranking of world chemical companies in 2021 based on sales, with sales of about US $ 75.5 billion (subject to the end of the fiscal year 2020).
Revenue of the world's top chemical companies
Chemical companies produce and develop industrial chemicals by converting raw materials - organic and inorganic - into a variety of products. Chemical production is divided into two categories. There are specialized batch manufacturers that produce more expensive chemicals and less commonly used chemical markets. These high-performance chemicals are usually produced by smaller manufacturers. On the other hand, commodity manufacturers tend to produce large quantities of alkaline and cheap compounds. The production of organic polymers for plastics, fibers, and elastomers is a rapidly growing sector of the chemical industry.
Major chemical manufacturing countries
The chemical manufacturing industry in the United States is quite prominent, including Dow, DuPont, and LyondellBasell industries. The chemical industry in Europe is also very prominent, which shows that the chemical industry accounts for a large proportion of its manufacturing trade surplus. Europe (and the EU) is one of the largest chemical trading regions in the world. Germany accounts for the largest share of total EU chemicals revenue. Three chemical companies in Germany are considered to be the largest in the world. BASF and Bayer have always been some of the most profitable chemical companies in the world. BASF operates globally and maintains its segments in chemicals, materials, surface technology, nutrition and care, industrial solutions, and agricultural solutions. Bayer, headquartered around the world, used to be famous for selling heroin and aspirin.