In 2024, some of the top chemical factories globally include:
1. BASF: Ranked first with sales of $76.137 billion, although this represents a decrease of 21.10% compared to 2022.
2. Sinopec: Ranked second with sales of $72.528 billion, which is a decrease of 4.60% from the previous year.
3. Dow: Ranked third with sales of $44.622 billion, marking a 21.6% decrease from the year before.
4. LG Chem: Ranked fourth with sales of $42.598 billion, showing an 8.4% increase from the previous year.
5. LyondellBasell: Ranked fifth with sales of $41.107 billion, which is an 18.5% decrease from the previous year.
Additionally, several Chinese chemical factories hold significant positions in the global chemical industry, such as:
1. Wanhua Chemical Group Co. Ltd: With a market value of about $3.503 billion.
2. Ningxia Baofeng Energy Group Co. Ltd: With a market value of about $1.752 billion.
3. Zhejiang Juhua Co. Ltd: With a market value of about $930 million.
These chemical factories play a crucial role in the global chemical industry, covering a broad range of product lines from basic chemicals to specialty chemicals. As the chemical industry continues to evolve and innovate, the influence of these chemical factories in the global market is also growing.
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