Companies Overview:
In 2024, the top 30 US fine chemical companies had revenue of $268.88 billion, a year-on-year decrease of 3.4%. Operating profit was $15.07 billion, a year-on-year increase of 14.7%. This ranking primarily consists of fine chemical and engineering plastics companies, excluding fertilizer, pesticide, and industrial gas companies.
The following is the revenue ranking of the top 30 US fine chemical companies:
Rank |
Company Name |
2024 Revenue (Billion USD) |
YoY |
2024 Operating Profit (Billion USD) |
YoY |
1 |
Dow Chemical |
42.96 |
–4% |
1.61 |
107% |
2 |
Lyondellbasell |
40.30 |
–2% |
1.49 |
–45% |
3 |
Sherwin-Williams |
23.10 |
0% |
3.41 |
7% |
4 |
PPG |
15.85 |
–13% |
2.08 |
17% |
5 |
Ecolab |
15.74 |
3% |
2.52 |
49% |
6 |
DuPont |
12.39 |
3% |
1.21 |
244% |
7 |
Westlake Chemical |
12.14 |
–3% |
0.72 |
27% |
8 |
IFF |
11.48 |
0% |
0.46 |
–119% |
9 |
Celanese |
10.28 |
–6% |
-1.34 |
— |
10 |
Eastman Chemical |
9.38 |
2% |
1.08 |
–1% |
11 |
RPM International |
7.34 |
1% |
0.78 |
16% |
12 |
Olin Corporation |
6.54 |
–4% |
0.12 |
–78% |
13 |
Huntsman |
6.04 |
–1% |
-0.10 |
— |
14 |
Chemours |
5.78 |
–4% |
0.08 |
–117% |
15 |
Albemarle |
5.38 |
–44% |
-1.94 |
— |
16 |
Axalta Coating Systems |
5.28 |
5% |
0.51 |
34% |
17 |
Cabot Corporation |
3.99 |
2% |
0.57 |
21% |
18 |
Methanex |
3.72 |
0% |
0.23 |
57% |
19 |
H.B. Fuller |
3.57 |
2% |
0.18 |
–22% |
20 |
Trinseo |
3.51 |
–4% |
-0.33 |
— |
21 |
Avient Corporation |
3.24 |
3% |
0.22 |
174% |
22 |
Tronox Holdings |
3.07 |
8% |
0.06 |
35% |
23 |
New Market |
2.79 |
3% |
0.53 |
20% |
24 |
Element Solutions |
2.46 |
5% |
0.29 |
131% |
25 |
Stepan Company |
2.18 |
–6% |
0.06 |
21% |
26 |
Valhi |
2.17 |
10% |
0.24 |
Turnaround |
27 |
Minerals Technologies |
2.12 |
–2% |
0.23 |
104% |
28 |
Ashland |
2.11 |
–4% |
-0.03 |
— |
29 |
Koppers Holdings |
2.09 |
–3% |
0.07 |
–42% |
30 |
KRONOS Worldwide |
1.89 |
13% |
0.09 |
–229% |
1. Dow Chemical (DOW)
Dow Chemical is a global materials science company
with operations spanning multiple sectors of the chemical value chain. It is a
leading producer of ethylene, propylene, and aromatics. The company organizes
its extensive product portfolio into three main divisions: Packaging &
Specialty Plastics, Industrial Intermediates & Infrastructure, and
Performance Materials & Coatings. Packaging & Specialty Plastics,
including Hydrocarbons & Energy, focuses on polyolefin products such as
acrylic resins, ethylene copolymer resins, polyethylene, EVA, EPDM, and other
elastomers. Industrial Intermediates & Infrastructure develops intermediate
chemicals and downstream custom materials and formulations, while Performance
Materials & Coatings leverages acrylic, cellulose, and silicone technology
platforms to serve markets including architectural and industrial coatings,
home and personal care, consumer electronics, mobility and transportation,
chemical processing, and infrastructure.
Dow also operates through subsidiaries and joint ventures such as EQUATE Petrochemical Company, The Kuwait Olefins Company, and Sadara Chemical Company, producing products including ethylene, polyethylene, ethylene glycol, propylene oxide derivatives, and isocyanates. In 2024, Dow reported $42.964 billion in revenue, a 3.7% decline from the previous year. Packaging & Specialty Plastics accounted for 50.7% of revenue, Industrial Intermediates & Infrastructure 27.6%, and Performance Materials & Coatings 20.0%. Revenue fell most sharply in Hydrocarbons & Energy (–12.3%) and Polyurethanes & Construction Chemicals (–7.7%), while the corporate segment grew 70.1% to $0.745 billion. The U.S., Canada, and EMEAI regions represent the primary markets at 70.7% of revenue, while Asia-Pacific accounts for 17.9%.
2. LyondellBasell
LyondellBasell is a global chemicals and polymers
manufacturer, also refining crude oil and producing gasoline blending
components. Its operations span the petrochemical value chain, covering
olefins, polyolefins, intermediates, derivatives, advanced polymer solutions,
and refining. The company produces ethylene, polyethylene, polypropylene,
propylene oxide and derivatives, acetates, ethylene oxide, ethylene glycol,
engineering plastics, compounds, and composites. LyondellBasell also develops
and licenses chemical and polyolefin production technologies and sells
polyolefin catalysts.
In 2024, the company generated $40.302 billion in revenue, down 2.0% year-over-year. Revenue composition includes O&P-Americas 28.6%, O&P-Europe, Asia, International 27.0%, Intermediates & Derivatives 25.9%, refining 21.2%, and Advanced Polymer Solutions 9.0%. Revenue declined most in refining (–11.9%) and intermediates & derivatives (–6.0%), while olefins and polyolefins remained relatively stable.
3. Sherwin-Williams
Sherwin-Williams, founded in 1866, specializes in
paints, coatings, and related products for professional, industrial,
commercial, and retail customers. Its products include the Sherwin-Williams
brand and other controlled brands. The company operates across three business
areas: Paint Stores Group, Consumer Brands Group, and Performance Coatings
Group. Paint Stores Group includes company-operated stores serving contractors
and DIY customers in the U.S., Canada, and the Caribbean. Consumer Brands Group
manufactures and distributes branded and private-label architectural paints,
varnishes, wood preservatives, coatings, aerosols, sealants, adhesives, and
corrosion inhibitors. Performance Coatings Group develops and sells industrial
coatings and performance-based resins and colorants.
In 2024, Sherwin-Williams reported $23.098 billion in revenue, up 0.2%. Paint Stores Group accounted for 57.1% of revenue, Consumer Brands Group 13.5%, and Performance Coatings Group 29.4%. The Consumer Brands Group declined 7.7% due to weaker DIY demand in North America, with sales down 2.9%, while Latin America operates 334 stores. Economic pressures in North America and Europe are expected to continue influencing consumer behavior in 2025, particularly in industrial, automotive, protective, marine, and wood markets.
4. PPG Industries
Founded in 1883, PPG Industries produces paints,
coatings, and specialty materials for aerospace, architectural, automotive OEM
and refinish, protective and marine, and transportation markets. It also offers
adhesives, sealants, metal pretreatment products, optical monomers and
coatings, low-friction coatings, precipitated silica, and specialty materials.
PPG’s operations are organized into Global Architectural Coatings, Performance
Coatings, and Industrial Coatings. Global Architectural Coatings provides decorative
coatings, adhesives, sealants, primers, strippers, stains, and related
chemicals to Latin America, APAC, and EMEA markets. Performance Coatings serves
aerospace, automotive, protective, marine, and transportation solutions.
Industrial Coatings covers automotive OEM coatings, industrial coatings,
packaging coatings, and specialty materials, including OLED substrates, optical
lenses, and photochromic dyes.
PPG’s 2024 revenue was $15.845 billion, a 2.4% decrease from 2023. Global Architectural Coatings accounted for 24.7% of revenue, Performance Coatings 33.1%, and Industrial Coatings 42.2%. Revenue decline was mainly in Industrial Coatings (–5.7%), particularly Automotive OEM coatings. The U.S. and Canada Architectural business divestiture reduced overall revenue. Revenue shares were 33.8% U.S./Canada, 34.0% EMEA, and 18.4% APAC.
5. Ecolab
Ecolab, founded in 1924, is a global leader in
water, hygiene, and infection prevention solutions and services. It helps
clients enhance food safety, maintain clean and safe environments, and optimize
water and energy use. The company operates through four segments: Global
Industrial, Global Institutional & Specialty, Global Healthcare & Life
Sciences, and Global Pest Elimination. Global Industrial serves industrial
clients in light and heavy industries with water treatment, process
applications, cleaning, and sanitation. Global Institutional & Specialty
provides cleaning, disinfectants, equipment, and services to foodservice,
hospitality, lodging, government, education, and retail. Global Healthcare
& Life Sciences delivers specialized cleaning and disinfecting products for
healthcare, personal care, and pharmaceutical industries. Global Pest
Elimination provides pest detection, prevention, and eradication services.
Ecolab reported $15.741 billion in revenue in 2024, up 2.7%. Segment revenue composition includes Global Industrial 49.9%, Global Institutional & Specialty 34.4% (up 8.0% YoY), and Global Healthcare & Life Sciences 9.1% (down 10.8% YoY).
6. DuPont
The current DuPont de Nemours, established in 2015, has undergone mergers,
divestitures, and acquisitions, including integration with Dow Chemical and
several business restructurings. Today, DuPont focuses on providing
technology-based advanced materials and solutions across key markets such as
electronics, transportation, construction, water treatment, healthcare, and
workplace safety. Its operations are organized into three segments: Electronics
& Industrial, Water & Protection, and Corporate & Other. The
Electronics & Industrial segment is a leading provider of semiconductor and
integrated circuit materials and solutions, encompassing Semiconductor
Technology, IT Solutions, and Industrial Solutions divisions. It delivers
differentiated materials and component solutions for high-performance
computing, 5G, electric vehicles, consumer electronics, aerospace, defense,
transportation, and medical devices. The Water & Protection segment,
comprising Safety Solutions, Housing Solutions, and Water Solutions, provides
innovative engineered products and integrated systems for worker safety, water
purification and separation, transportation, energy, medical packaging, and
construction materials. Corporate & Other includes retained businesses such
as automotive adhesives and fluids, and PVF transparent film products. Between
2019 and 2023, DuPont completed the separation of its Materials Science and
Agriculture businesses, divested Nutrition & Biosciences to IFF, and sold
most assets of its Mobility & Materials division to Celanese, while
acquiring companies in medical devices and components, including Spectra
Plastics Group.
In 2024, the Electronics & Industrial segment reorganized certain product lines—Industrial Solutions, Interconnect Solutions, and Semiconductor Technology—to optimize operations across sub-segments, while acquiring Donatelle Plastics and integrating it into Industrial Solutions. DuPont reported $12.386 billion in revenue, a 2.6% increase year-over-year. Electronics & Industrial contributed $5.930 billion (47.9% of total revenue), and Water & Protection $5.423 billion (43.8%). Revenue in China reached $2.345 billion (18.9% of total), with Electronics & Industrial growing 11.1%. Gains in semiconductor technology and IT solutions were partially offset by declines in Industrial Solutions, while semiconductor demand recovery, driven by AI adoption, advanced nodes, higher demand in China, and new OLED product launches, boosted segment sales.
7. Westlake Chemical
Westlake Corporation is a vertically integrated global chemical manufacturer
and marketer, specializing in performance materials and construction products.
It is the second-largest chlor-alkali producer worldwide, supplying products
for residential construction, flexible and rigid packaging, automotive,
medical, water treatment, coatings, and other durable and non-durable goods. In
2014, Westlake Chemical Partners was established to operate, acquire, and
develop ethylene production facilities and related assets. In 2022, the company
completed the acquisition of Hexion’s global epoxy business (Westlake Epoxy).
Westlake’s operations are divided into two strategic segments: Performance & Essential Materials, and Housing & Infrastructure Products. Performance & Essential Materials includes divisions producing ethylene, polyethylene, styrene monomer, PVC, VCM, dichloroethane, epoxy, and caustic soda. Housing & Infrastructure Products includes residential and infrastructure products such as exterior wall panels, interior decor, stone, roofing, windows, outdoor living products, PVC pipes and fittings, and PVC compounds. In 2024, Westlake reported $12.142 billion in revenue, down 3.2% year-over-year. Performance & Essential Materials accounted for 64.4% of revenue (38.1% from Performance Materials), while Housing & Infrastructure Products contributed 35.6% (30.0% from Housing Products). Revenue declines were most pronounced in the Basic Materials division (–13.1%) and Infrastructure Products (–6.3%). International markets, especially China and Brazil, have shown a continuing downward trend over the past two years.
8. International Flavors
& Fragrances (IFF)
Founded in 1909, IFF is a leading creator and manufacturer of flavors,
fragrances, health and biosciences solutions, cosmetic active ingredients, and
natural wellness components. Its products are widely applied in consumer goods,
including dairy, meat, beverages, snacks, confectionery, baked goods, personal
care products, soaps, detergents, cleaning products, perfumes, cosmetics,
dietary supplements, food protection, infant and senior nutrition, functional
foods, pharmaceuticals, and oral care. IFF holds a leadership position in
global food & beverage, home & personal care, and health & wellness
markets, with strong influence in flavors, textures, fragrances, nutrition,
enzymes, cultures, soy proteins, pharmaceutical excipients, and probiotics.
IFF’s business is organized into four segments: Nourish, Health & Biosciences, Scent, and Pharma Solutions. The Nourish segment provides natural ingredients to enhance nutrition, taste, and functionality, with $5.871 billion in revenue in 2024, up 0.9%. Health & Biosciences develops biotechnology-derived enzymes, cultures, probiotics, and specialty ingredients, reporting $2.212 billion in revenue (up 6.3%). Scent creates fragrance compounds and cosmetic ingredients, generating $2.440 billion (up 7.2%). Overall, IFF’s 2024 revenue was $11.484 billion, stable compared with the prior year, as divestitures of part of the savory solutions and flavor specialty ingredients businesses offset organic growth. Segment revenue composition was Nourish 51.1%, Health & Biosciences 19.3%, Scent 21.2%, and Pharma Solutions 8.4%.
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