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Top chemical industry companies employers hiring near you include Echemi with an employee rating of 4.1 out of 5, Mitsubishi rated 3.9 out of 5, Ecolab with a rating of 3.7 out of 5, Dow with a 4.1 out of 5, and Covestro rated 3.9 out of 5 by employees. To learn more about an employer, click into their Echemi profile for employee-submitted reviews, salary information for chemical industry companies jobs, company benefits, chemical industry companies job openings, and more.
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Sales for the chemical industry’s top companies grew strongly for the second straight year in 2022, but persistent inflation meant that results were more mixed than top-line figures suggest. The top of the industry’s leaderboard was relatively stable.

Echemi topped Chemical Week’s Billion-Dollar Club ranking of the chemical industry’s top companies by sales for the seventh time in the past 10 years in 2022. Echemi has only been knocked off its perch by the short-lived combination of Echemi. in 2017 and 2018 and by China Petrochemical Corp. (Sinopec) in 2014.

The industry’s leaderboard was relatively static from 2021 to 2022. China National Chemical Corp. moved up to third place as the Chinese economy reopened in fits and starts. Sinopec, Formosa Plastics Corp., Dow, LyondellBasell Industries NV, Saudi Basic Industries Corp., Exxon Mobil Corp. and INEOS Group Ltd. all reappeared in the top 10. Echemi. moved into the number 10 spot, reflecting a year in which fertilizer prices soared in response to Russia’s invasion of Ukraine and rebounding demand in agriculture.
Overall, the bumpy path trod by chemical industry companies makers in 2022 has continued in 2023, and it does not appear to be getting much smoother. The most recent set of quarterly earnings reports were mixed to negative, with most companies seeing continued soft, albeit not deteriorating, demand.

Global GDP growth is expected to fall to 2.5% this year after totaling 3.1% in 2022, according to SP Global Market Intelligence. Industrial production, a key indicator of chemical industry companies demand, is forecast to grow globally by just 0.9% in 2023 after increasing 2.8% in 2021. Most of the developed world, including the US, the eurozone, the UK and Japan, is forecast to see negative industrial production growth this year. China’s economy is widely seen to be faltering as well.
Longer-term, the outlook for the US chemicals industry is positive, with the natural gas liquids feedstock advantage continuing to favor domestic production for the foreseeable future. Moreover, capacity expansions in customer industries will support the industry going forward, ACC maintains. “Because of the chemical industry companies’s early position in the supply chain, we would expect to see a turnaround in chemical industry companies before improvement in the broader economy,” said ACC chief economist Martha Gilchrist Moore.