Top 50 US chemical firms

During a 2020 colored by COVID-19, chemical sales declined for almost all firms.

RANK            
2020 2019 COMPANY CHEMICAL SALES ($ MILLIONS) CHANGE FROM 2019 CHEMICAL SALES AS % OF TOTAL SALES SECTOR CHEMICAL OPERATING PROFITa ($ MILLIONS) CHANGE FROM 2019 OPERATING PROFIT MARGINb HEADQUARTERS IDENTIFIABLE CHEMICAL ASSETS ($ MILLIONS) OPERATING RETURN ON CHEMICAL ASSETSd
1 1 Dow $38,542 –10.3% 100.0% Diversified $2,556 –27.4% 6.6% Midland, Michigan $61,470 4.2%
2 3 LyondellBasell Industries 23,407 –13.7 84.3 Petrochemicals 2,938 –36.3 12.6 Houston n/a n/a
3 2 ExxonMobil 23,091 –15.8 12.9 Petrochemicals 2,675 180.1 11.6 Irving, Texas 38,059 7.0
4 4 DuPont 20,397 –5.2 100.0 Diversified 1,661 –40.4 8.1 Wilmington, Delaware 70,904 2.3
5 7 Air Productsd 8,856 –0.7 100.0 Industrial gases 2,138 0.8 24.1 Allentown, Pennsylvania 25,169 8.5
6 8 Mosaic 8,682 –2.5 100.0 Fertilizers 693 27.7 8.0 Tampa, Florida 19,790 3.5
7 6 Eastman Chemical 8,473 –8.6 100.0 Diversified 1,095 –16.3 12.9 Kingsport, Tennessee 16,083 6.8
8 5 Chevron Phillips Chemical 8,439 –9.6 100.0 Petrochemicals n/a n/a n/a The Woodlands, Texas 17,026 n/a
9 10 Westlake Chemical 7,504 –7.6 100.0 Petrochemicals 465 –32.9 6.2 Houston 13,835 3.4
10 14 Corteva Agriscience 6,461 3.3 45.4 Agrochemicals 625 –9.9 9.7 Wilmington, Delaware 13,099 4.8
11 9 Ecolabe 5,960 –33.1 50.5 Process services 1,106 –10.4 18.6 Saint Paul, Minnesota n/a n/a
12 12 Lubrizol 5,950 –8.5 100.0 Specialties 1,000 0.0 16.8 Wickliffe, Ohio n/a n/a
13 11 Huntsman 5,903 –11.4 100.0 Diversified 190 –58.6 3.2 The Woodlands, Texas 8,713 2.2
14 13 Celanese 5,655 –10.2 100.0 Diversified 715 –30.7 12.6 Irving, Texas 10,909 6.6
15 16 Chemours 4,969 –10.1 100.0 Diversified 447 2.8 9.0 Wilmington, Delaware 7,082 6.3
16 15 Honeywell International 4,833 –15.0 14.8 Fluorochemicals n/a n/a n/a Charlotte, North Carolina n/a n/a
17 17 Olin 4,830 –11.3 83.9 Chlorine chemistry 44 –88.7 0.9 Clayton, Missouri 7,319 0.6
18 18 FMC 4,642 0.7 100.0 Agrochemicals 1,034 4.2 22.3 Philadelphia 10,186 10.2
19 19 CF Industries 4,124 –10.2 100.0 Fertilizers 595 –36.4 14.4 Deerfield, Illinois 12,023 4.9
20 20 Occidental Petroleum 3,733 –9.0 21.0 Petrochemicals 664 –16.9 17.8 Houston 4,326 15.3
21 22 Albemarle 3,129 –12.8 100.0 Specialties 506 –24.1 16.2 Charlotte, North Carolina 10,451 4.8
22 21 Trinseo 3,036 –19.6 100.0 Polymers 63 118.7 2.1 Berwyn, Pennsylvania 2,845 2.2
23 25 H.B. Fullerf 2,790 –3.7 100.0 Specialties 218 –3.4 7.8 Saint Paul, Minnesota 4,037 5.4
24 26 Tronox 2,758 4.4 100.0 Pigments 274 134.2 9.9 Stamford, Connecticut 6,568 4.2
25 24 Cabotd 2,614 –21.7 100.0 Specialties 151 –54.9 5.8 Boston 2,781 5.4
26 23 Hexion 2,510 –25.6 100.0 Specialties 45 –61.5 1.8 Columbus, Ohio 4,002 1.1
27 27 Ashlandᵈ 2,326 –6.7 100.0 Specialties 134 –17.3 5.8 Wilmington, Delaware 6,877 1.9
28 29 Avantor 2,044 1.7 32.0 Laboratory chemicals n/a n/a n/a Radnor, Pennsylvania n/a n/a
29 28 NewMarket 2,011 –8.2 100.0 Fuel additives 312 –7.6 15.5 Richmond, Virginia 1,934 16.1
30 31 Stepan 1,870 0.6 100.0 Detergents 183 25.9 9.8 Northfield, Illinois 1,752 10.4
31 30 W. R. Grace 1,730 –11.7 100.0 Specialties 268 –37.8 15.5 Columbia, Maryland 3,766 7.1
32 33 Kronos Worldwide 1,639 –5.3 100.0 Pigments 133 –16.1 8.1 Dallas 2,037 6.5
33 32 Kraton 1,563 –13.4 100.0 Polymers, pine chemicals 69 –20.8 4.4 Houston 2,461 2.8
34 45 Aviente 1,497 50.0 46.2 Pigments 181 22.7 12.1 Avon Lake, Ohio 3,019 6.0
35 39 Ingevity 1,216 –5.9 100.0 Pine chemicals 294 –1.9 24.1 North Charleston, South Carolina 2,335 12.6
36 35 Innospec 1,193 –21.2 100.0 Fuel additives 75 –50.1 6.3 Englewood, Colorado 1,397 5.4
37 38 AdvanSix 1,158 –10.8 100.0 Polymers 63 4.7 5.4 Parsippany, New Jersey 1,263 5.0
38 37 Orion Engineered Carbons 1,136 –23.0 100.0 Carbon black 96 –41.1 8.4 Houston 1,390 6.9
39 43 CMC Materialsd,g 1,116 7.6 100.0 Electronic materials 219 23.2 19.6 Aurora, Illinois 2,377 9.2
40 36 Americas Styrenics 1,116 –24.9 100.0 Polymers 87 –56.0 7.8 The Woodlands, Texas 606 14.3
41 34 PQ 1,107 –29.3 100.0 Inorganics 148 –33.8 13.4 Malvern, Pennsylvania 3,198 4.6
42 — ChampionXe 1,054 n.m. 55.5 Process services 88 n.m. 8.4 The Woodlands, Texas n/a n/a
43 40 3M 1,036 –16.9 3.2 Fluorochemicals n/a n/a n/a Saint Paul, Minnesota n/a n/a
44 44 Ferro 959 –5.8 100.0 Pigments 91 –5.2 9.5 Mayfield Heights, Ohio 1,961 4.7
45 42 Koppers 910 –12.4 54.5 Coal tar chemicals 112 15.3 12.3 Pittsburgh 960 11.7
46 41 Genesis Energy 886 –20.4 48.6 Inorganics 130 –41.9 14.7 Houston 1,962 6.6
47 — Balchem 593 12.9 84.2 Nutritional ingredients 91 23 15.4 New Hampton, New York 875 10.4
48 48 GCP Applied Technologies 519 –10.4 57.5 Construction chemicals 53 –6.5 10.2 Cambridge, Massachusetts 444 11.9
49 49 Minerals Technologies 511 –11.1 32.0 Inorganics 68 –18.4 13.3 New York City 560 12.1
50 — American Vanguard 459 –2.0 100.0 Agrochemicals 18 –30.2 4.0 Newport Beach, California 680 2.7

Sources: Company documents, C&EN analysis.
Note: n/a means not available, and n.m. means comparison not meaningful.
a Chemical sales less administrative expenses and cost of sales.
b Chemical operating profit as a percentage of chemical sales.
c Chemical operating profit as a percentage of identifiable chemical assets.
d Fiscal year ended Sept. 30, 2020.
e Chemical sales include a significant amount of nonchemical products.
f Fiscal year ended Nov. 30, 2020.
g Formerly called Cabot Microelectronics.