September 12, 2011
ICIS Chemical Business magazine has revealed the ICIS Top 100 Chemical Companies, sponsored by global chemical distributor DKSH, with rankings based on 2010 sales.
"The global chemical sector rebounded strongly in 2010 from the financial and economic crisis of 2008-2009, with robust sales and earnings growth," said
, Global Editor of ICIS Chemical Business. "Sales of the ICIS Top 100 Chemical Companies were
in 2010, up 22.1% from 2009."
"Prices for key building block petrochemicals were pushed higher as developing world demand surged, particularly in
. Prices of other commodity chemicals also rose sharply as global markets tightened," said
, ICIS Insight Editor.
The ICIS Petrochemical Index (IPEX), which is based on a global basket of 36 key olefins, aromatics and polymers prices, rose by 14.5% in 2010.
-based chemical company BASF once again led the group with
in sales, followed by US-based Dow Chemical with
and the chemical business of US-based ExxonMobil with
Sinopec came in fourth with
Both capital spending and research and development (R&D) gained across the sector, rising 11.9% and 5.3%, respectively.
Looking ahead to the ICIS Top 100 Chemical Companies listing based on 2011 sales, companies are poised to post further sales and earnings gains, even on slowing global economic growth.
The ICIS Top 100 Chemical Companies table was compiled by
of the ICIS data & analytics team led by
A PDF of the ICIS Top 100 Chemical Companies is available for download at
ICIS Chemical Business