Top 50 US chemical firms

Coming out of pandemic-depressed 2020, chemical companies saw ginormous increases in sales and profits.

RANK            
2021 2020a COMPANY CHEMICAL SALES ($ MILLIONS) CHANGE FROM 2020 CHEMICAL SALES AS % OF TOTAL SALES SECTOR CHEMICAL OPERATING PROFITb ($ MILLIONS) CHANGE FROM 2020 OPERATING PROFIT MARGINc HEADQUARTERS IDENTIFIABLE CHEMICAL ASSETS ($ MILLIONS) OPERATING RETURN ON CHEMICAL ASSETSd
11Dow$54,96842.6%100.0%Diversified$7,887208.6%14.3%Midland, Michigan$62,99012.5%
22LyondellBasell Industries38,99566.684.5Petrochemicals8,009172.620.5Houstonn/an/a
33ExxonMobil36,85859.613.3Petrochemicals9,960272.327.0Irving, Texas39,72225.1
44DuPont16,653-18.4100.0Diversified2,65259.715.9Wilmington, Delaware45,7075.8
58Chevron Phillips Chemical14,10467.1100.0Petrochemicalsn/an/an/aThe Woodlands, Texas17,777n/a
66Mosaic12,35742.3100.0Fertilizers2,770299.522.4Tampa, Florida22,03612.6
77Eastman Chemical10,47623.6100.0Diversified1,45132.513.9Kingsport, Tennessee15,5199.3
85Air Productse10,32316.6100.0Industrial gases2,2153.621.5Allentown, Pennsylvania26,8598.2
914Westlake8,67058.673.6Petrochemicals2,5491,003.529.4Houston11,93821.4
1013Celanese8,53751.0100.0Diversified1,938171.022.7Irving, Texas11,97516.2
1112Huntsman8,25639.9100.0Diversified774307.49.4The Woodlands, Texas9,3928.2
1217Olin7,32751.782.2Chlorine chemistry1,6143,544.022.0Clayton, Missouri7,49221.5
139Corteva Agriscience7,25312.346.3Agrochemicals82532.011.4Indianapolis, Indiana12,4286.6
1419CF Industries6,53858.5100.0Fertilizers2,164263.733.1Deerfield, Illinois12,37517.5
1511Lubrizol6,5009.2100.0Specialties490-51.07.5Wickliffe, Ohion/an/a
1615Chemours6,34527.7100.0Diversified68252.610.7Wilmington, Delaware7,5509.0
1710Ecolabf6,3055.849.5Process services1,031-6.816.4Saint Paul, Minnesotan/an/a
1816Honeywell International5,40211.815.7Fluorochemicalsn/an/an/aCharlotte, North Carolinan/an/a
1920Occidental Petroleum5,24640.520.2Petrochemicals1,544132.529.4Houston4,67133.1
2018FMC5,0458.7100.0Agrochemicals1,15311.522.9Philadelphia10,58110.9
2122Trinseo4,82859.0100.0Polymers376494.17.8Berwyn, Pennsylvania4,7128.0
2224Tronox3,57229.5100.0Pigments577110.616.2Stamford, Connecticut5,9879.6
2325Cabote3,40930.4100.0Specialties454200.713.3Boston3,30613.7
2421Albemarle3,3286.4100.0Specialties503-0.715.1Charlotte, North Carolina10,9744.6
2523H.B. Fullerf,g3,27817.5100.0Specialties25315.77.7St. Paul, Minnesota4,2755.9
2626Hexionh2,5501.6100.0Specialties237426.79.3Columbus, Ohio3,7846.3
2728Avantor2,54824.734.5Laboratory chemicalsn/an/an/aRadnor, Pennsylvanian/an/a
2834Avientf2,39259.849.6Pigments30367.612.7Avon Lake, Ohio2,96510.2
2929NewMarket2,35617.2100.0Fuel additives258-17.310.9Richmond, Virginia2,55810.1
3030Stepan2,34625.5100.0Detergents181-0.97.7Northbrook, Illinois2,0668.8
31International Flavors & Fragrances2,3291,638.120.0Food additives2726,700.011.7New York City14,7741.8
3227Ashlande2,111-9.2100.0Specialties17228.48.1Wilmington, Delaware6,6122.6
3342ChampionXf1,98488.164.5Oil field chemicals196122.29.9The Woodlands, Texasn/an/a
3433Kraton1,97026.0100.0Polymers, pine chemicals258272.413.1Houston2,6559.7
3532Kronos Worldwide1,93918.3100.0Pigments19748.810.2Dallas2,0139.8
3640Americas Styrenics1,82263.3100.0Polymers205136.611.3The Woodlands, Texas70229.2
3737AdvanSix1,68545.5100.0Polymers191203.811.3Parsippany, New Jersey1,31214.6
3838Orion Engineered Carbons1,54736.1100.0Inorganics15460.610.0Houston1,6319.5
3936Innospec1,48324.3100.0Fuel additives13074.28.8Englewood, Colorado1,5718.3
4035Ingevity1,39214.4100.0Pine chemicals3074.722.1North Charleston, South Carolina2,46912.4
41433M1,20516.33.4Fluorochemicalsn/an/an/aSaint Paul, Minnesotan/an/a
4239CMC Materialse1,2007.5100.0Electronic materials215-1.917.9Aurora, Illinois2,15110.0
4344Ferro1,12617.4100.0Pigments12738.911.3Mayfield Heights, Ohio1,2909.8
4446Genesis Energy9739.945.8Inorganics16728.217.1Houston2,1337.8
4545Koppers9494.356.5Coal tar chemicals14327.815.0Pittsburgh1,03413.8
46Entegrisf71116.730.9Electronic materials16831.123.6Billerica, Massachusetts1,19214.1
4747Balchem67013.083.8Nutritional ingredients10211.815.3New Hampton, New York88611.5
4841Ecovyst611-44.8100.0Inorganics79-46.712.9Malvern, Pennsylvania1,9314.1
4949Minerals Technologies57913.331.2Inorganics737.512.6New York City60612.0
50Goodyear Tire & Rubber56979.55.7Polymersn/an/an/aAkron, Ohion/an/a

Sources: Company documents, C&EN analysis.
Note: n/a means not available.
a Prior-year results have been restated to include only chemical-producing segments at Westlake after nonchemical acquisitions.
b Chemical sales less administrative expenses and cost of sales.
c Chemical operating profit as a percentage of chemical sales.
d Chemical operating profit as a percentage of identifiable chemical assets.
e Fiscal year ended Sept. 30, 2021.
f Chemical sales include a significant amount from nonchemical products.
g Fiscal year ended Nov. 27, 2021. h Figures are for the first 9 months because the company was acquired in early 2022 and didn't publish an annual report.