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2020 Global Top 25 Chemical Brands Announced
Recently, Brand Finance, a well-known British brand evaluation agency, released the 2020 Global Top 25 Most Valuable Chemical Brands, and BASF of Germany, Dow of the United States and Saudi Basic Industries ranked in the top three
.
China's Rongsheng Petrochemical ranked 18th
.
This year, Brand Finance expanded the ranking from the top 10 to the top 25 for the first time, and although BASF's brand valuation fell to $7.
9 billion due to the general slowdown in the chemical industry's economic growth, it is still more than $3 billion higher than the second-ranked Dow, defending its title as the world's most valuable chemical brand and easily staying at the top
of the list.
Saudi Arabia's petrochemical giant SABIC (valued at $4.
3 billion) remained in third place, with a 9% increase in brand value, making it the fastest-growing brand
in the top 10.
Linde ranked high in the Top 25, jumping to fifth place
with a brand value of $2.
9 billion.
The brand's rise can be attributed to Linde's decision to continue with Linde after merging with American air giant Praxair, which allowed the brand to expand into new territory
.
