This year, US-based DowDuPont has captured the #1 spot as the world's leading chemical company with sales of $79.5bn in 2017 on a pro forma basis following the mega merger between Dow and DuPont. However, its top position will be fleeting, as it plans to split into three separate companies in 2019.
DowDuPont narrowly eclipsed Germany-based BASF which came in 2nd with $77.4bn in sales. China's Sinopec took the #3 slot with $67.3bn in revenues, followed by Saudi Arabia's SABIC at $39.9bn and Mitsubishi Chemical Holdings at $35.0bn.
Currency conversions to US dollars for the ranking were based on year-end 2017 exchange rates, or rates at the end of the company's fiscal year.
"The ICIS Top 100 Chemical Companies listing exemplifies the global nature of the chemical business with geographic diversity among the top 10, along with the rest of the group," said Joseph Chang, Global Editor of ICIS Chemical Business.
The year 2017 was a banner year for the global chemical industry, driven by the synchronized global economic expansion.
"In 2017, the world's largest chemical producers were buoyed by continued strong demand growth, particularly those operating upstream in petrochemicals," said Nigel Davis, ICIS Insight Editor.
The companies in the ICIS Top 100 Chemical Companies listing, including the "Bubbling Under" category, generated combined sales of $1.24 trillion in 2017, up by an impressive 13% from a year earlier.
The ICIS Top 100 Chemical Companies series of special reports runs over three consecutive weekly issues.
The September 7 issue of ICIS Chemical Business will feature the geographic leaders in North America, Latin America, Europe, Asia, and the Middle East & Africa.
The September 14 issue will highlight the ICIS Company of the Year based on financial metrics.
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