NEW YORK and LONDON, September 6, 2016 /PRNewswire/ --
ICIS Chemical Business magazine has unveiled its annual ICIS Top 100 Chemical Companies, a global listing of producers ranked by 2015 sales.
The ICIS Top 100 Chemical Companies ranking, sponsored by U.S. Chemicals, a Maroon Group company, is available for download as a PDF at http://www.icis.com/pages/icis-top-100-chemical-companies.
Germany's BASF retains its position as the world's leading chemical company with $76.6bn in sales, followed by China's Sinopec at #2 with $50.2bn and US-based Dow Chemical at #3 with $48.8bn. Saudi Arabia's SABIC moves up to the #4 slot with $39.5bn in sales, followed by Japan's Mitsubishi Chemical at #5 with $34.0bn in revenues.
Currency conversions to US dollars for the ranking were based on year-end 2015 exchange rates, or rates at the end of the company's fiscal year.
In 2015, many of the ICIS Top 100 Chemical Companies posted significant sales declines on the back of lower crude oil prices. In reporting currency terms, sales fell 23.7% for Sinopec, 16.1% for Dow and 21.6% for SABIC. Leader BASF posted a modest 5.2% decline.
"Commodity chemical companies felt the brunt of the impact of lower crude oil prices on their top lines in 2015," said Joseph Chang, Global Editor of ICIS Chemical Business. "However, many companies demonstrated their resilience, showing lesser declines or even increases in underlying profitability."
Over the course of calendar 2015, the average Brent crude oil price fell by 47.3%. The annual average of the ICIS Petrochemical Index (IPEX), a capacity-weighted basket of prices for 12 petrochemicals and polymers, declined by 28%, noted Nigel Davis, ICIS Insight Editor.
"Chemical companies had to work hard to lift volumes in a slower demand growth environment dominated by the complexity of China's economic realignment. The addition of considerable new production capacities in China is having a widespread impact in global petrochemicals and plastics, as well as intermediates," said Davis.
The ICIS Top 100 Chemical Companies runs over three consecutive weekly issues.
The September 12 issue of ICIS Chemical Business will feature the geographic leaders in North America, Latin America, Europe, Asia, and the Middle East & Africa.
The September 19 issue will highlight the ICIS Company of the Year based on financial metrics.
About ICIS Chemical Business
ICIS Chemical Business is the global weekly publication keeping you up-to-date on chemical prices with market news and analysis of both short term and long term drivers. Get your weekly global summary of these markets by subscribing today at http://www.icis.com/about/icis-chemical-business-magazine.
ICIS Chemical Business is part of ICIS. ICIS is the world's largest petrochemical market information provider and has fast-growing energy and fertilizer divisions. Our aim is to give companies in global commodities markets a competitive advantage by delivering trusted pricing data, high-value news, analysis and independent consulting, enabling our customers to make better-informed trading and planning decisions. We have more than 30 years' experience in providing pricing information, news, analysis and consulting to buyers, sellers and analysts. With a global staff of more than 800, ICIS has employees based in Houston, Washington, New York, London, Montpellier, Dusseldorf, Karlsruhe, Milan, Barcelona, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Yantai, Tokyo and Perth. ICIS is a division of Reed Business Information, part of RELX Group.
About Maroon Group
Maroon Group (http://www.maroongroupllc.com) is one of the fastest growing specialty chemical distributors in North America. Based in Avon, Ohio, Maroon has thrived on creating success for customers by forming partnerships with world-class manufacturers and supplying consistent products on-time. Customers have come to rely on Maroon's technical sales team, exceptional customer service, and global sourcing capabilities. Maroon Group's portfolio of companies include Addipel, CNX Distribution, D.B. Becker, Polyram USA, and U.S. Chemicals. The company continues to aggressively explore opportunities to expand our geographic reach and product portfolio via organic growth and strategic acquisition. Additional information on each of our portfolio companies can be found as follows: http://www.addipel.com, http://www.cnxdistribution.com, http://www.dbbecker.com, http://www.maroongroupllc.com, http://www.polyram-usa.com, http://www.uschemicals.com
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