Chemical & Engineering News
January 12, 1998
Copyright © 1998 by the American Chemical Society

CHEMICAL PRODUCERS: Dow Chemical, Dupont, Monsanto, and Union Carbide have ranked among Top 10 biggest chemical makers since 1940

Company rankings by sales, $ millions (current)

1 2 3 4 5 6 7 8 9 10
1940 Dupont
$359
Union Carbide & Carbon
$231
Allied Chemical & Dye
$177
American Cynamid
$83
American Viscose
$63
Hercules Powder
$52
Monsanto
$51
Celanase
$46
Dow
Chemical
$38
Air
Production
$36
1945 Dupont
$632
Union Carbide & Carbon
$482
Allied Chemical & Dye
$268
American Cynamid
$159
Dow Chemical
$125
American Viscose
$268
Celanase
$104
Hercules Powder
$101
Monsanto
$95
Air
Production
$81
1950 Dupont
$1,310
Union Carbide
$758
Allied Chemical & Dye
$408
American Cynamid
$322
American Viscose
$268
Dow Chemical
$471
Monsanto
$227
Dow Chemical
$221
Hercules Powder
$160
Air
Production
$98
1955 Dupont
$1,909
Union Carbide
$1,187
Allied Chemical & Dye
$629
Olin Mathieson
$561
Monsanto
$522
Olin Mathieson
$668
American Cyanamid
$451
W.R. Grace
$427
American Viscose
$259
Hercules
Powder
$227
1960 Dupont
$2,143
Union Carbide
$1,548
Monsanto
$890
Dow Chemical
$781
Allied Chemical
$756
W.R. Grace
$1,003
American Cyanamid
$578
W.R. Grace
$553
Hercules
$337
Celanase
$264
1965 Dupont
$2,999
Union Carbide
$2,064
Monsanto
$1,468
Dow Chemical
$1,176
Allied Chemical
$1,121
W.R. Grace
$1,003
Olin Mathieson
$874
American Cyanamid
$863
Celanase
$862
Hercules
$532
1970 Dupont
$3,224
Union Carbide
$1,876
Monsanto
$1,716
Dow Chemical
$1,643
Standard Oil (NJ) $1,007 Celanase
$999
W.R. Grace
$894
Allied Chemical
$837
Hercules
$687
Occidental
Petroleum
$658
1975 Dupont
$5,500
Union Carbide
$3,425
Dow Chemical
$3,360
Monsanto
$3,054
Exxon
$2,594
W.R. Grace
$1,800
Celanase
$1,716
Allied Chemical
$1,522
Occidental
Petroleum
$1,447
Shell Oil
$1,203
1980 Dupont
$10,250
Dow Chemical
$7,217
Exxon
$6,936
Union Carbide
$5,650
Monsanto
$5,453
Celanase
$3,200
Shell Oil
$3,089
W.R. Grace
$2,733
Gulf Oil
$2,569
Occidental
Petroleum
$2,458
1985 Dupont
$11,250
Dow Chemical
$9,508
Exxon
$6,670
Monsanto
$5,203
Union Carbide
$3,961
Atlantic
Richfield
$3,804
Shell Oil
$3,318
Celanase
$3,046
Amoco
$2,905
W.R. Grace $2,868
1990 Dupont
$15,571
Dow Chemical
$14,690
Exxon
$11,153
Union Carbide
$7,621
Monsanto
$5,711
Hoechst Celanase
$5,499
General Electric
$5,167
Occidental
Petroleum
$5,040
BASF
$4,366
Amoco
$4,087
1995 Dow Chemical
$19,234
Dupont
$18,433
Exxon
$11,737
Hoechst Celanase
$7,395
Monsanto
$7,251
General Electric
$6,628
Mobil
$6,155
Union Carbide
$5,888
Amoco
$5,655
Occidental
Petroleum
$5,410
1996 Dow Chemical
$18,988
Dupont
$18,044
Exxon
$11,430
Monsanto
$7,267
Hoechst Celanase
$6,906
General Electric
$6,487
Union Carbide
$6,106
Amoco
$5,698
Eastman
Chemical
$4,782
BASF Corp.
$4,707

Note: Ranking based on total corporate sale through 1965, and on chemical sales only since 1970.

The combined chemical sales of the 10 largest U.S.-based chemical producers have grown from about $1 billion in 1940 to just over $90 billion in 1996. Expansion of the industry is shown by the appearance of oil companies on the Top 10 list in the 1970s and of the U.S. arms of major foreign chemical makers in more recent years. Dow Chemical finally overtook DuPont for the number one spot in 1995. Union Carbide, for a long time the number two producer, has moved down the ranking as a result of various reorganizations. Monsanto will fall in the ranking in 1997-perhaps out of the Top 10-as a result of spinning off much of its chemical operations into a new firm, Solutia.


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