NEW YORK and LONDON, September 12, 2011 /PRNewswire/ --
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 Joseph Chang, Global Editor of ICIS Chemical Business. "Sales of the ICIS Top 100 Chemical Companies were $1.23 trillion in 2010, up 22.1% from 2009."
"Prices for key building block petrochemicals were pushed higher as developing world demand surged, particularly in Asia. Prices of other commodity chemicals also rose sharply as global markets tightened," said Nigel Davis, 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. Germany-based chemical company BASF once again led the group with $84.7bn in sales, followed by US-based Dow Chemical with $53.7bn and the chemical business of US-based ExxonMobil with $53.6bn. China's Sinopec came in fourth with $48.7bn in revenues. 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 Lara McNamee and Regan Hartnell of the ICIS data & analytics team led by Paul Ray. A PDF of the ICIS Top 100 Chemical Companies is available for download at http://www.icis.com/Top100Chem. ICIS Chemical Business