List of billion dollar clubs of the hottest chemic

Chemical Company billion dollar Club ranking released

chemical company billion dollar Club ranking released

September 21, 2020

chemical weekly recently released the latest ranking of global chemical company billion dollar clubs in 2019. Based on 2019 sales revenue, BASF returned to the top of the billion dollar Club ranking with annual sales revenue of $66.647 billion. In the 2017 and 2018 lists, BASF gave the first place to Dow DuPont, Sinopec still ranked second, and Dow Chemical (Dow), a newly independent company, ranked third. The onebillion Dollar Club of chemical weekly is the annual ranking of the world's chemical manufacturers with an annual sales revenue of more than 3billion dollars

the top five enterprises in this ranking are BASF, Sinopec, Dow, ExxonMobil and Formosa Plastics. These five companies are among the top five companies in 2016. However, Formosa Plastics ranked fourth and ExxonMobil ranked fifth in 2016. The sixth to tenth places in this ranking are leandre Basser, Saudi Basic Industries Corporation, China National Chemical Corporation, Mitsubishi Chemical Corporation and Linde Corporation

the data of the billion dollar Club of chemistry weekly is based on the industrial clusters formed by companies; Based on the cold-rolled sheet of Anyang Iron and Steel Co., Ltd. and the silicon steel project of Henan Lide energy-saving material, due to differences in data collection, it may not be completely consistent with the billion dollar Club ranking last year. In addition, several companies with a large chemical business, including Ineos, Koch industries, shell, total and PetroChina, failed to participate in this year's ranking because they did not fully report their chemical revenue publicly

last year, the sales of chemical companies worldwide generally declined. For example, BASF and SINOPEC are two companies with chemical sales revenue of more than $50billion in 2019, compared with four companies each year in the previous two years. However, in 2019, the sales revenue of 40 companies exceeded US $10billion, which was the same as that in 2018

despite this, the sales revenue and profit of chemical companies fell sharply in 2019. The chemical sales revenue of the 99 billion dollar Club companies on the list averaged US $11.9 billion, a year-on-year decrease of 2%. The average operating profit was US $1.15 billion, a year-on-year decrease of 11%. Among the 99 companies in the billion dollar club this year, 60 companies' sales fell, and 39 companies' sales increased or remained flat

last year, the sales revenue of chemical companies in the Americas and the Asia Pacific region fell the most, and the median sales revenue of Companies in the two regions fell by 6% year-on-year. The sales revenue of EMEA chemical companies was roughly flat year-on-year. Average sales revenue in the Americas fell more than in the Asia Pacific region. The average sales revenue of EMEA actually increased year-on-year, but the average revenue also followed a similar pattern. The median operating profit of chemical companies in the Americas and Asia Pacific region fell by double digits last year, the median operating profit of EMEA fell by single digits, and the overall profit of the world was declining. The trend of average operating profit is similar. The median profit margin also fell. The median operating profit margin of the ranking companies during the tensile test in 2019 was 10.2%, lower than 11.9% in 2018

BASF chairman Bo mule said in February that the market was challenging all year round last year. Contrary to the expectations at the beginning of the year, the company revealed that the economic environment in 2019 was not very good. Trade conflicts, political uncertainty and the sharp decline in demand from major customer industries (especially the automotive industry) have put great pressure on the company's business. Last year, the price fell more than expected, and BASF was not satisfied with the performance on the whole. BASF is also adjusting its product portfolio. In 2019, it divested its oil and gas, paper chemicals and pigments businesses, and completed the acquisition of agrochemicals and polyamide businesses

as far as Sinopec is concerned, the main reason for the decline in the operating revenue of the company's chemical sector is the sharp decline in the price of chemical products caused by the increase in production capacity and the resulting changes in the supply and demand structure. Of course, all these challenges are masked by the outbreak