IHS Chemical Week


Billion-Dollar Club

4:45 PM MDT | September 17, 2012 | By ROB WESTERVELT

Emerging Asia and Mideast players continue to break through and reshape industry, as CW’s latest Billion-Dollar Club Ranking demonstrates (p. 21).

New industry giants in high-growth economies have leapfrogged U.S., European, and Japanese companies. Sabic (Saudi Arabia) and Sinopec (China) are now entrenched top-five players (table). Neither company was in the top 25 ten years ago. Other companies that have cracked the top 25 in recent years include IPIC (United Arab Emirates), Reliance Industries (India), and Braskem (Brazil).

BASF, with chemicals revenue of $72 billion, maintains the overall top spot for a sixth straight year, nearly $7 billion ahead of ExxonMobil. Sabic is now number three, and Dow Chemical takes the fourth spot.

The median revenue gain in dollar terms for all companies in the ranking was 12%. Last year was uneven, but companies now likely look on it quite fondly given the weakness seen since the second quarter. Industry seems likely to fall short of the strong gains in 2011 due to the recession in Europe and deceleration in China. BASF recently cut its 2012 global chemical production growth forecast to 3.5%, from the 4.1% rate it expected earlier in the year. Industry should see year-over-year growth in 2012, with the notable exception of Western Europe, but gains are clearly moderating from the strong advances of 2010 and 2011.

Top Ranks
(2011 chemical revenues in millions of dollars)
Rank Company (headquarters) Revenues
1 BASF (Germany) $71,502
2 ExxonMobil (U.S.) 64,731
3 Sabic (Saudi Arabia) 62,469
4 Dow Chemical (U.S.) 59,985
5 Sinopec (China) 58,170
6 Royal Dutch/Shell (Netherlands; U.K.) 46,963
7 DuPont (U.S.) 37,961
8 LyondellBasell (The Netherlands) 37,333
9 Mitsubishi Chemical (Japan) 32,658
10 Ineos Holdings (Switzerland) 27,530
11 Total (France) 26,841
12 Bayer (Germany) 22,011
13 Formosa Plastics Group (Taiwan) 21,869
14 Akzo Nobel (Netherlands) 20,343
15 SK Innovation (Korea) 19,900
16 Evonik (Germany) 18,844
17 Air Liquide (France) 18,736
18 Sumitomo Chemical (Japan) 18,274
19 Linde (Germany) 17,868
20 IPIC (UAE) 16,956
Source: IHS Chemical Week

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