some chemical suppliers can make a jaw-dropping amount of money

Sinopec

Ranking 3rd on BizVibe’s list of the top 10 largest chemical suppliers in the world is Sinopec, a Chinese oil and gas enterprise based in Beijing, China. Sinopec saw a 22% increase in sales last year, the largest rise among the top chemical companies on this list. In addition to oil and gas exploration, Sinopec is mainly known for its production and sales of petrochemicals, chemical fibers, chemical fertilizers, and other chemical products.

Last year, Sinopec generated sales of  USD 69.21 billion and has a current market cap of USD 84.45 Billion — making it one of the biggest chemical suppliers in the world by sales and valuation.

SABIC

SABIC is 4th on this list of the top 10 largest chemical companies in the world by sales and market cap. SABIC is a Saudi multinational chemical manufacturing company that is a subsidiary of Saudi Aramco. SABIC is known for its petrochemicals, chemicals, industrial polymers, fertilizers, and metals products and saw a sales increase of more than 12 percent from last year — one of the fastest risers on this list of the top chemical companies in the world.

Ineos

Ranking 5th on this list of the top 10 largest chemical companies in the world is Ineos, a UK-based multinational chemical company headquartered in London. Ineos is compromised of 20 business units, all operating separately. Last year Ineos generated sales of USD 36.97 billion and has 22,000 employees worldwide specializing in the production and manufacturing of chemical products, petrochemicals, and even plastics.

Formosa Plastics Corp

Ranking 6th on this list of the biggest chemical suppliers is Formosa Plastics Corp, a Taiwanese plastics company based in Taiwan, known primarily for producing polyvinyl chloride resins and other plastic products. Formosa generated USD 36.89 billion in sales last year — making it the 6th largest chemical company in the world by sales. In this same span, sales grew by 13.8 percent year-over-year.

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