Top 50 US chemical firms
Though some firms saw profits decline, 2022 was overall a strong year for chemical makers.
| CHEMICAL CAPITAL SPENDING | CHEMICAL R&D SPENDING | |||||
|---|---|---|---|---|---|---|
| 2022 ($ MILLIONS) | CHANGE FROM 2021 | % OF CHEMICAL SALES | 2022 ($ MILLIONS) | CHANGE FROM 2021 | % OF CHEMICAL SALES | |
| AdvanSix | $89 | 57.4 | 4.6 | $13 | -10.7 | 0.6 |
| Air Products | 2,927 | 18.8 | 23.0 | 103 | 10.1 | 0.8 |
| Albemarle | 1,262 | 32.3 | 17.2 | 72 | 33.3 | 1.0 |
| Americas Styrenics | 34 | 76.0 | 1.6 | 2 | -19.0 | 0.1 |
| Ashland | 113 | 7.6 | 4.7 | 55 | 10.0 | 2.3 |
| Avient | 41 | 2.0 | 1.8 | n/a | n/a | n/a |
| Balchem | 45 | 39.9 | 5.6 | 12 | -9.6 | 1.5 |
| Cabot | 211 | 8.2 | 4.9 | 55 | -1.8 | 1.3 |
| Celanese | 543 | 16.3 | 5.6 | 112 | 30.2 | 1.2 |
| CF Industries | 453 | -11.9 | 4.0 | n/a | n/a | n/a |
| ChampionX | 42 | 7.5 | 1.7 | n/a | n/a | n/a |
| Chemours | 307 | 10.8 | 4.5 | 118 | 10.3 | 1.7 |
| Corteva Agriscience | 380 | 13.1 | 4.5 | n/a | n/a | n/a |
| CVR Partners | 45 | 117.0 | 5.3 | n/a | n/a | n/a |
| Dow | 1,823 | 21.5 | 3.2 | 851 | -0.7 | 1.5 |
| DuPont | 743 | -16.6 | 5.7 | 536 | -13.3 | 4.1 |
| Eastman Chemical | 611 | 10.1 | 5.8 | 264 | 3.9 | 2.5 |
| Ecovyst | 59 | -1.8 | 7.2 | 7 | -4.0 | 0.9 |
| Entegris | 151 | 103.4 | 11.0 | n/a | n/a | n/a |
| ExxonMobil | 2,955 | 109.0 | 6.2 | n/a | n/a | n/a |
| FMC | 142 | 42.2 | 2.5 | 314 | 3.1 | 5.4 |
| Genesis Energy | 175 | -23.2 | 13.9 | n/a | n/a | n/a |
| H.B. Fuller | 130 | 35.3 | 3.5 | 45 | 14.2 | 1.2 |
| Huntsman | 272 | -20.5 | 3.5 | 125 | -16.7 | 1.6 |
| Ingevity | 143 | 37.3 | 8.5 | 30 | 15.2 | 1.8 |
| Innospec | 40 | 1.3 | 2.0 | 39 | 3.5 | 2.0 |
| International Flavors & Fragrances | 160 | 15.1 | 6.8 | n/a | n/a | n/a |
| Koppers | 56 | -7.1 | 4.7 | n/a | n/a | n/a |
| Kronos Worldwide | 63 | 7.8 | 3.3 | 15 | -11.8 | 0.8 |
| Livent | 337 | 155.4 | 41.4 | 4 | 30.0 | 0.5 |
| LSB Industries | 46 | 30.5 | 5.1 | n/a | n/a | n/a |
| LyondellBasell Industries | 1,830 | -1.4 | 4.6 | 124 | 0.0 | 0.3 |
| Mosaic | 1,247 | -3.2 | 6.5 | n/a | n/a | n/a |
| NewMarket | 56 | -28.8 | 2.0 | 140 | -2.6 | 5.1 |
| Occidental Petroleum | 331 | 4.7 | 4.9 | n/a | n/a | n/a |
| Olin | 179 | 10.8 | 2.3 | n/a | n/a | n/a |
| Orion Engineered Carbons | 233 | 8.4 | 11.5 | 22 | -1.4 | 1.1 |
| Sisecam Resources | 28 | 10.1 | 3.9 | n/a | n/a | n/a |
| Stepan | 302 | 55.1 | 10.9 | 67 | 6.2 | 2.4 |
| Trinseo | 148 | 25.9 | 3.0 | 51 | -19.6 | 1.0 |
| Tronox | 428 | 57.4 | 12.4 | 12 | -7.7 | 0.3 |
| Westlake | 913 | 61.0 | 8.3 | n/a | n/a | n/a |
Sources: Company documents, C&EN analysis.
Note: Figures are for companies on the top 50 list reporting capital and/or R&D expenditures. n/a means not available.