Though chemicals have been used by mankind from time immemorial, the chemicals being used now have a broader scope than compared to the ones used during the 19th century or before. One of the critical challenges that chemical manufacturers face today is to deliver profitable growth in a low-growth and hypercompetitive world. To attain growth in the upcoming years, players in the chemical industry must consider new approaches to technology, business models, innovations, customers workforce, and operations. We have curated the list of the top performing chemical companies from around the globe:
BASF SE is one of the top chemical companies in the world. They own the title of the “largest chemical manufacturers” globally. This Germany-based chemical giant operates through a total of five segments – Chemicals, Oil and gas, Performance products, Agricultural solutions, and Functional materials & solutions. In the early days, BASF became popular for manufacturing dyes. In the year 1990, the company dropped its operations in consumer product lines and focused on industrial products only.
The DOW Chemical Company
DOW chemical company is an integral player in the production of chemicals, agrochemicals, hydrocarbons, and plastics. It is one of the largest chemical manufacturers in the USA. The company is also involved in the production of performance plastics such as engineering plastics, polyurethanes and other such materials for DOW Automotives. It is one among the top chemical companies involved in the production of chlorine, caustic soda, vinyl chloride monomer, Styrofoam insulation, and ethylene dichloride.
This company was founded as a gunpowder mill but over the years has diversified to a number of chemical segments. Some of the main chemical products under DuPont’s name include Kalrez, Kevlar, Corian, Orlon, and Zodiaq. DuPont is famous for the development of Freon – a chlorofluorocarbon that is primarily used in refrigeration, they have also gained popularity by developing synthetic pigments and paints such as ChromaFlair.
SABIC Innovative Plastics US
This Saudi Arabia based company is among the top chemical companies to rank in the production of high-performance polymers that are used in the manufacture of automotive products, computers, electronics, and office equipment. SABIC is also among chemical companies who are the top producers of granular urea and polycarbonate in the world.
Mitsubishi Chemical Holdings
Mitsubishi is one of Japan’s largest chemical companies.Mitsubishi Chemical Corporation is a sub-segment of Mitsubishi chemical holdings and is responsible for the company’s primary and petrochemical businesses. The company is highly focused on sustainability and innovation.
Evonik Industries is one of the leading chemical companies in the world in terms of the production of specialty chemicals. The company also operates in a number of business areas such as real estate, energy, and mining, which is carried out by Evonik’s subsidiary-RAG. The company’s specialty chemical segment includes business units such as inorganic materials, consumer specialties, coatings, and additives, and health and nutrition.
Akzo Nobel N.V.
Akzo Nobel is one of the largest paint manufacturers in the world. But the company’s operations don’t stop there. They also manufacture chemicals and salts.They are mainly involved in the following divisions: performance coatings for marines, decorative paints division, industrial packaging and coating, specialty chemicals, and automotive paints.