Top 10 Best Commodity Chemicals Companies In USA 2023

INTRODUCTION

In 2023, the United States will be home to several large commodity chemicals companies. These companies produce various basic chemicals used in many industries, from pharmaceuticals and plastics manufacturing to coatings and construction materials. Major companies include Dow Chemical, DuPont, ExxonMobil, and BASF.

These companies produce a wide range of products, including dyes and pigments, paint, plasticizers, surfactants, emulsifiers, flame retardants, antioxidants, isocyanates, adhesives, lubricants, and solvents. Most companies also offer speciality and customized products to meet specific customer needs.

Commodity chemicals companies typically operate large-scale plants and have extensive distribution networks, and they are well-positioned to utilise economies of scale and global supply networks. In addition, these companies often have advanced research and development capabilities, which allows them to remain at the forefront of the latest technological advancements within their industry.

These companies typically use cost-cutting strategies to maintain their market share and reduce the cost of raw materials. This results in higher profits for the company and lower prices for customers.

The commodity chemical industry is expected to grow due to increased global demand for plastics, biodegradable materials, and speciality chemicals. Additionally, the growing population and rising incomes will continue to drive demand for consumer goods and products made with commodity chemicals.

Overall, US-based commodity chemicals companies are well-positioned to capitalize on the growth in the industry in the coming years. With their large-scale operations, efficient distribution networks, and advanced technology, they can meet the increasing demand for primary and specialized chemicals.

IMPORTANCE

Commodity chemicals companies in the USA will continue to be integral to the nation’s economy in 2023. These companies are important because they provide a variety of essential inputs and materials used in many industries. Commodity chemicals include various products such as resins, polymers, solvents, acids, and alkalis.

These chemicals are used in various applications, including plastics, textiles, paper, paints, adhesives, detergents, and food additives. In addition, commodity chemicals are also widely used in developing new products, such as pharmaceuticals, biodegradable plastics, and fuel additives.

The importance of commodity chemicals companies in the US is further highlighted by their role in helping the country to meet its environmental goals. Certain chemicals can help reduce greenhouse gas emissions, improve air quality, and increase energy efficiency.

Companies operating in this sector are also developing innovative technologies that could lower production costs and more significant energy savings. As a result, these companies play an increasingly important role in helping the US to meet its long-term sustainability goals.

Commodity chemicals companies are also crucial for providing employment. There are around 200,000 people employed in this sector, many of whom are highly skilled professionals. Furthermore, the industry also provides indirect employment to thousands of others, such as suppliers and distributors.

Moreover, the industry has contributed significantly to the US economy. For example, in 2018, the US chemical industry was estimated to have contributed over $750 billion to the national GDP.

Overall, it is clear that commodity chemicals companies in the USA will remain vitally important in 2023. They provide essential inputs and materials to many different industries, thus helping to power the US economy.

Additionally, they help to support thousands of jobs and contribute significantly to the nation’s GDP. By continuing to innovate and develop new products and technologies, these companies will play an increasingly important role in helping the US meet its environmental goals.

Here are the top 10 best commodity chemicals companies in USA in 2023

Dow Incorporated – Dow Inc. is an American multinational chemical company headquartered in Midland, Michigan. It is the world’s largest chemical company by revenue and one of the largest companies in the world by market capitalization. The company was founded in 1897 by Canadian-born chemist Herbert H. Dow, who had developed a process for extracting bromine from brine.

Dow’s operations today span six business segments: Electronics & Imaging, Performance Materials & Coatings, Industrial Intermediates & Infrastructure, Agricultural Sciences, Nutrition & Biosciences, and Consumer Solutions. The company manufactures over 7,000 products, ranging from plastics and performance materials to agricultural chemicals and energy-efficient building solutions.

Dow has a global presence with customers in 180 countries, operating in 115 countries through its network of more than 200 production sites, sales offices, and research centres. In recent years, Dow has focused on innovation, sustainability, and corporate responsibility.

In 2020, the company launched a new sustainability strategy called 2025 Sustainability Goals and set targets to reduce greenhouse gas emissions, improve water efficiency, drive circularity, and advance human development.

ExxonMobil Corporation – ExxonMobil Corporation is one of the world’s largest publicly-traded international oil and gas companies. Founded in 1882, it operates in over 50 countries and employs more than 71,000 people. Its business lines include exploration, production, refining, marketing, and chemicals.

ExxonMobil produces both crude oil and natural gas, as well as holds interests in petrochemical production. It is one of the highest-ranking US-based companies on the Fortune 500 list and is widely considered one of the most profitable corporations in the world.

ExxonMobil’s core business is the exploration, development, and production of petroleum and natural gas. Through its global exploration and production activities, the company can access a wide variety of sources of oil and gas, including conventional and unconventional sources.

It has proprietary technology and processes that enable it to produce oil and gas from unconventional resources using advanced techniques such as horizontal drilling and hydraulic fracturing.

The company also refines, transports, and markets petroleum products. In addition, it manufactures and sells several petrochemical products, including ethylene, polyethene, and other chemicals used in industrial applications. ExxonMobil also holds interests in various power generation facilities, including wind and solar power.

ExxonMobil is well known for its corporate responsibility initiatives and commitment to increasing energy efficiency and reducing emissions. The company has set a goal of achieving net-zero emissions by 2050 and has invested billions of dollars in research and development of more efficient and cleaner technologies. It is also actively working with partners across the industry to develop new practices and policies to reduce emissions.

Overall, ExxonMobil is an industry leader in the oil and gas sector. Its investments in technology, research and renewable energy have enabled it to remain competitive in a rapidly changing environment. The company is committed to providing reliable energy solutions for its customers and investing in the industry’s future.

BASF Corporation – BASF Corporation is a leading chemical company and the largest chemical producer in the world. The company was founded in 1865 and is headquartered in Ludwigshafen, Germany. BASF produces a wide range of products, including plastics, pigments, ingredients for detergents, coatings and agrichemicals.

BASF’s products are used in the automotive, construction, energy, electronics and food industries. The company has operations in more than 80 countries with over 112,000 employees around the globe. BASF’s innovation strategy focuses on developing solutions to global health, nutrition, resource efficiency, climate protection and mobility challenges.

In 2020, BASF’s sales amounted to €59 billion, making it one of the largest companies in the world. BASF sets science-based targets to reduce CO2 emissions and collaborates with research organizations to develop renewable energy sources.

Furthermore, BASF encourages sustainable practices across its supply chain and works with suppliers to reduce its environmental impact. The company also offers employee development programs, provides scholarships and invests in training to build a skilled workforce.

BASF is committed to developing and maintaining a safe working environment for its employees.

LyondellBasell Industries – LyondellBasell Industries is one of the world’s largest plastics, chemicals and refining companies. Headquartered in Houston, Texas, it has around 35,000 employees worldwide and annual sales of over $50 billion. Its products are used in a broad range of applications that include automotive components, food packaging, renewable fuels, building materials, home furnishings and electronics.

The company operates in four segments: Olefins & Polyolefins, Intermediates & Derivatives, Refining, and Technology. LyondellBasell is a leading producer of polypropylene, polyethene, ethylene, propylene, butadiene, and benzene. It is also a significant supplier of catalysts, additives and process technologies to the petrochemical industry.

In addition, the company owns and operates refineries in Europe, Asia and the United States, which produce gasoline, diesel fuel, jet fuel and other refined products.

LyondellBasell’s leadership position in the industry is based on its commitment to technological innovation, operational excellence and environmental stewardship.

Chevron Phillips Chemical Corporation – Chevron Phillips Chemical Company LLC is a 50-50 joint venture between Chevron Corporation and Phillips 66. It is one of the world’s top producers of olefins and polyolefins—the building blocks for a wide range of materials, including plastics, elastomers, fibres and adhesives used by manufacturers worldwide.

The company operates 16 major petrochemical plants in the United States, Canada, the Netherlands, Qatar and Saudi Arabia. Its products are used in various applications, from everyday consumer goods to medical devices, food packaging and healthcare products.

The company has served customers since its inception in 2000, offering advanced production technologies and innovative products designed to meet customers’ needs across industries. Chevron Phillips Chemical specializes in producing ethylene, propylene and other intermediate petrochemical products.

It also produces aromatics such as benzene, toluene, xylenes, and various speciality chemicals. Chevron Phillips Chemical’s research and development team is constantly looking for ways to create industry-leading solutions that help customers reduce costs and improve competitiveness.

Chevron Phillips Chemical strives to be an industry leader in safety and environmental stewardship, with sustainability at the core of its business practices. The company continually works on initiatives to minimize its environmental impact, from reducing emissions to conserving resources.

Additionally, it is dedicated to the responsible manufacturing of safe, reliable products for its customers.

The company is a strong supporter of the communities in which it operates, engaging in a variety of social responsibility initiatives. It invests in education, workforce development and community programs that make a positive difference in the lives of those it serves.

Chevron Phillips Chemical also helps support science and technology through partnerships with universities and research institutions worldwide.

Flint Hills Resources, LP – Flint Hills Resources, LP is a diversified energy company focusing on refining, producing, and transporting petroleum products and marketing petrochemicals and power. The company is headquartered in Wichita, Kansas, and operates 37 manufacturing facilities in 10 states across the United States. Their portfolio includes refineries and production sites for ethanol, asphalt, jet fuel, diesel, and lubricants.

They are also the largest producer of olefins, which can produce 1.7 billion pounds of ethylene each year. Flint Hills Resources, LP’s transportation capabilities include over 3,800 miles of pipelines and an extensive network of river barges along the Mississippi River. They also have numerous marine terminals and storage facilities across the Gulf Coast.

On the marketing side, Flint Hills Resources, LP has partnerships with significant petrochemical customers, helping them to meet their needs through value-added services.

Additionally, they operate a modern power generation facility in California, generating up to 500 megawatts of electricity from natural gas and renewable sources.

Air Products & Chemicals, Inc. – Air Products & Chemicals, Inc. is a leading global supplier of atmospheric gases and chemicals, process and speciality gases, performance materials, equipment, and services. Founded in 1940, they have built an unrivalled portfolio of products that serve various end markets, including semiconductors, food, beverage, transportation, energy, industrial applications, and healthcare.

With operations in over 50 countries and over 20,000 employees, Air Products and Chemicals, Inc. is one of the largest publicly traded companies on the New York Stock Exchange, with a market cap of nearly $50 billion.

Their core product is industrial gases such as oxygen, nitrogen, and hydrogen. These gases are used in many industries, such as steelmaking, welding, and medical device manufacturing. They also provide various other products, including cryogenic gases, liquid helium, and liquefied natural gas (LNG).

In addition, Air Products and Chemicals, Inc. offer technologies that improve efficiency and reduce emissions for various industries, such as aerospace and automotive. Furthermore, their research and development team continuously explores new applications for their products, such as advanced materials and green energy solutions.

Air Products and Chemical, Inc. has invested significantly in developing and improving its customer service in recent years. They have created a comprehensive customer service network with experienced technicians deployed worldwide.

This helps them to ensure that customers always get high-quality products and services quickly and efficiently. Additionally, their customer service team assists with troubleshooting and installation of their products.

Air Products and Chemicals, Inc. is an innovative and reliable company whose products and services touch many industries. Their commitment to superior customer service and top-notch technology is unmatched in the industry.

INEOS Group Limited – InEOS Group Limited is a privately held multinational conglomerate headquartered in London, England. Founded in 2010 by entrepreneur Sir Jim Ratcliffe, it is the parent company of several entities involved in various industries, including chemicals, oil and gas, manufacturing, engineering services, and investments.

InEOS Group employs over 30,000 people across 40 countries, making it one of the largest companies in the United Kingdom by employee count.

The company’s chemical operations span petrochemicals, speciality & performance chemicals, polymers, and polymer-based solutions. Its oil and gas portfolio ranges from exploration and production to refining, marketing, and distribution.

InEOS Manufacturing provides engineered solutions for the oil, gas, and process industries, while InEOS Engineering Services offers a broad range of expertise in both onshore and offshore projects. Investment activities include direct private equity investments, venture capital, and corporate finance deals.

In addition to its commercial ventures, the company has extensive philanthropic activities, including education initiatives and environmental sustainability programs. InEOS Group is a major sponsor of various charities, such as the Royal British Legion, Help for Heroes and the UNICEF UK Childhood Trust. The company also supports various research projects in areas such as artificial intelligence and machine learning.

Occidental Petroleum Corporation – Occidental Petroleum Corporation (Oxy) is a major international oil and gas exploration and production company headquartered in Houston, Texas. Founded in 1920, Oxy has operations in over 20 countries worldwide, including the United States, Canada, Mexico, Colombia, Peru, Argentina, Saudi Arabia, Qatar, United Arab Emirates, Iraq, Kuwait, Oman, Yemen, Libya, Algeria, Nigeria and Angola.

Oxy is the fourth-largest producer of crude oil in the US and the sixth-largest producer of natural gas. The company also operates in the deepwater Gulf of Mexico and actively explores new opportunities internationally.

Oxy is one of the world’s most technologically advanced energy companies, utilizing seismic imaging to identify new prospects and drilling technologies to maximize hydrocarbon recovery. Additionally, Oxy has an extensive portfolio of renewable energy projects, such as solar, biomass and wind power.

Oxy strongly focuses on environmental protection and sustainability, promoting a culture of resource conservation, energy efficiency and responsible development. Moreover, Oxy is committed to helping develop local communities and economies in the countries in which it operates.

Eastman Chemical Company – Eastman Chemical Company is a leading global speciality chemical manufacturer that produces and sells a wide range of essential chemicals, plastics, fibres, and consumer goods. Founded in 1920, Eastman is based in Kingsport, Tennessee and has operations worldwide.

Eastman produces chemicals for numerous industries such as automotive, health care, food and beverage, construction, and energy. They also offer custom-engineered solutions to meet specific customer needs.

Eastman Chemical Company is focused on delivering its customer’s high-performance products, services, and solutions. Their products are designed to meet the most stringent regulatory requirements while providing cost savings and efficiency. They strive to provide the highest quality products and consistently improve their processes through ongoing research and development efforts.

Eastman Chemical Company has extensive experience and expertise in sustainability, environmental responsibility, safety and health, technology, and product stewardship.

They have developed an expansive suite of products and services to ensure their customers can access safe and reliable products. In addition, Eastman provides a comprehensive portfolio of services to help their customers optimize their operations and maximize production efficiencies.

Eastman Chemical Company is committed to being a responsible corporate citizen. They work with their customers, communities, and partners to create sustainable solutions that make shared value.

They promote a culture of responsible stewardship and ethics in all operations and prioritize investments in sustainability initiatives that support the environment, their employees, and the communities in which they operate.

CONCLUSION

In 2023, the US commodity chemicals industry is expected to remain highly competitive and profitable. Companies will continue focusing on innovation and cost-cutting initiatives to maintain their competitive edge. In terms of demand, the US is expected to remain a significant market for commodity chemicals due to its strong economic performance.

Advances in technology are also expected to drive growth as companies develop new products and processes to meet changing customer demands. Additionally, increased government regulation may lead to increased demand for specific chemicals.

Overall, the US commodity chemicals industry looks set to remain a significant player in the global market in 2023.