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China's Sinopec clinches top spot in ICIS Top 100 Chemical Companies
China-based Sinopec has become the world's largest chemical company in the newly released ICIS Top 100 Chemical Companies, an annual global ranking of the leading chemical producers.
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[{"type":"text","content":"ICIS forecasts continued growth for Chinese chemical companies as sales shrink for those in US and Europe","length":105,"tagName":"p"},{"type":"text","content":"LONDON and NEW YORK, Sept. 15, 2025 /PRNewswire/ -- China-based Sinopec has become the world's largest chemical company in the newly released ICIS Top 100 Chemical Companies, an annual global ranking of the leading chemical producers.","length":243,"tagName":"p"},{"type":"image","alt":"ICIS Logo","displaySize":"","headline":null,"caption":"ICIS Logo","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":165,"url":"https://media.zenfs.com/en/prnewswire.com/c307054ecc05a5e5bf9ce4590bd7a06a"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/fgdA09.E_FfNRwWf6g9I0Q--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTI5MTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/c307054ecc05a5e5bf9ce4590bd7a06a","width":400,"height":165}}},{"type":"text","content":"Sinopec has taken the top spot from Germany-based BASF which ranked second with $67.5 billion in revenues.","length":106,"tagName":"p"},{"type":"text","content":"Rounding out the Top 5 are US-based ExxonMobil with $55.4 billion in chemical sales, US-based Dow with $43.0 billion and China-based PetroChina with $42.2 billion.","length":168,"tagName":"p"},{"type":"text","content":"Chinese companies comprised four of the Top 10 in terms of sales with all posting sales gains, followed by three US companies, two European companies and one Middle East company.","length":178,"tagName":"p"},{"type":"text","content":"Most chemical producers around the world saw major profit declines in 2024, primarily driven by industry-wide overcapacity paired with weak demand, conditions that persist in 2025.","length":180,"tagName":"p"},{"type":"text","content":""It's been tough sledding with key profitability metrics in 2024 well off their peaks in 2021. The slide is expected to continue in 2025, with overall sales also likely to take a hit in the coming years as a number of producers shut down or divest assets while being cautious on the M&A front," said Joseph Chang, global editor of ICIS Chemical Business.","length":377,"tagName":"p"},{"type":"text","content":""Yet some companies will continue building capacity, bolstering their sales base, particularly in China. Look for Chinese che...
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