2022 Global Top 50 Chemical Industry Announcement: Sinopec, PetroChina, Hengli, Wanhua and Rongsheng are on the list

　On July 25, the US "Chemical and Engineering News" (C&EN) announced the "Top 50 Global Chemical Companies in 2022"
.
The top three positions are solid, BASF is still the world's largest chemical manufacturer, Sinopec is still the second runner-up, and the third runner-up is still Dow
.
Nine Chinese chemical companies entered the top 50, two more than the previous year
.

BASF ranks first, with chemical sales of US$93 billion in 2021, a 33% increase from 2020; Sinopec’s chemical sales of US$65.
8 billion lag behind BASF by US$21 billion; Dow’s sales are approximately 55 billion US dollars, a year-on-year increase of 42.
6%
.

Nine Chinese chemical companies entered the world's top 50, an increase of two from the previous year
.
It is worth noting that the rankings of Chinese companies are basically flat or rising sharply, reflecting the vigorous development of China's chemical industry
.
In addition to Sinopec, Formosa Plastics ranked 5th, PetroChina ranked 7th, Hengli Petrochemical ranked 12th, Sinochem's Syngenta ranked 15th, Wanhua Chemical ranked 17th, and Rongli Petrochemical ranked 12th.
Sheng Petrochemical ranked 27th
.
In addition, as new entrants, Tongkun Group ranked 48th and Hengyi Petrochemical ranked 50th
.

Top 50 global chemical companies in 2022

Among the top 50 global industrial companies, there are 8 in the United States, 6 in Japan, 5 in Germany, and 3 each in South Korea and the United Kingdom
.

The top 50 revenue threshold for this year was $8.
9 billion, a significant increase of $2.
5 billion from last year
.
3 companies with sales over $50 billion; 2 companies with sales between $40 billion to $50 billion; 6 companies with sales of $30 billion to $40 billion; 6 companies with sales of $20 billion to $30 billion; 10 billion- There are 28 with $20 billion
.

In 2021, the global chemical industry has recovered from the impact of the new crown epidemic in 2019.
Riding on the east wind of rising prices, its performance has achieved substantial growth
.
The world's 50 largest chemical companies will have combined sales of $1.
1 trillion in 2021, an increase of 38% from the combined sales of the same 50 companies in 2020
.

At the same time, profitability also exceeded expectations
.
Chemicals operating profit for the 41 companies that disclosed profit data rose 148% to $127 billion
.

Revenue and profits from chemical sales surged in 2021, benefiting from higher prices for commodities such as oil
.
Among them, petrochemical companies with the fastest sales growth, such as Saudi Basic Industries Corporation, Formosa Plastics, PetroChina, LyondellBasell and ExxonMobil Chemical Company, all increased their sales by 40% or more
.
In addition, fertilizer makers such as Yara, Nutrien and Legg Mason also saw significant sales growth
.