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The global chemical industry's $1 billion club list is released

 Last Update: 2021-11-12
 Source: Internet
 Author: User

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Recently, the US "Chemical Weekly" announced the latest ranking of the 2021 global chemical 1 billion dollar club

Little change in the top five rankings

Little change in the top five rankings Little change in the top five rankings

In 2020, when the global epidemic is pandemic and the external environment is extremely difficult, BASF will continue to maintain its top position in the industry with sales of $73.

Sales revenue generally declined

Sales revenue generally declines Sales revenue generally declines

The most notable feature of the 2021 Global Chemicals $1 Billion Club Ranking is not the company’s ranking change.

Among the 100 companies that were shortlisted in the US "Chemical Weekly" 2021 Global Chemical $1 Billion Club Ranking, 78 companies saw sales revenue decline in 2020, while only 22 companies saw revenue growth

Limited impact of M&A transactions

Limited impact of M&A transactions Limited impact of M&A transactions

At the same time, M&A transactions significantly changed the rankings in the late 2010s, but their impact in 2020 was very limited because the epidemic restricted large-scale M&A transactions

A difficult year

Go through a hard year go through a hard year

Although the pandemic is unprecedented, many chemical manufacturers have developed action plans to minimize damage

　　Jim Fettering, Chairman and CEO of Dow Chemical, stated in a letter to shareholders in February: "Due to the global economic downturn caused by the epidemic, coupled with the sharp decline in demand due to the stay-at-home order, Dow Chemical has also been affected

　　Some parts of the world have recovered from the epidemic faster than others

　　As time goes on, approaching 2021, the global chemical industry rebounded almost as sharply as the contraction in the second quarter of 2020, although there was a significant pause

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