China ranks prominently in the global chemical industry, with several of its chemical industry companies featuring in the top echelons of global rankings. Here’s an overview of China’s position globally in terms of chemical industry companies:

Global Rankings and Presence
- Top Global chemical industry companies: In the 2024 ranking of the top 50 global chemical chemical industry companies by Chemical & Engineering News (C&EN), China had 11 chemical industry companies listed, a significant increase from previous years. This highlights the growing influence of Chinese chemical chemical industry companies on the global stage.
- Leading Positions: Sinopec and PetroChina are two of the most prominent Chinese chemical industry companies in the global chemical industry. Sinopec ranked second globally in 2024 with chemical sales of $58.1 billion, while PetroChina also featured in the top 10.

Key Chinese chemical industry companies and Their Global Impact
- Sinopec: As one of the largest chemical manufacturers globally, Sinopec has a significant presence in petrochemicals and other chemical segments. It reported chemical sales of $66.86 billion in 2022, reflecting its substantial market share.
- PetroChina: PetroChina is another major player, with chemical sales of $38.31 billion in 2022. The company is heavily involved in exploration, production, refining, and marketing of chemical products, contributing significantly to China’s chemical output.
- Hengli Petrochemical: Ranked 11th globally in 2024, Hengli Petrochemical has a revenue of approximately $90 billion and is a major producer of polyester yarns and films. Its vertically integrated approach enhances efficiency and reduces costs, making it a competitive force in the global market.
- Wanhua Chemical Group: Ranked 18th globally in 2024, Wanhua Chemical is known for its diversified portfolio, including polyurethane and performance chemicals. The company reported chemical sales of $24.6 billion in 2022, showcasing its strong market position.

Emerging Strength and Trends
- Increasing Number of Top chemical industry companies: The number of Chinese chemical industry companies in the top 50 global chemical chemical industry companies has increased, indicating the industry’s rapid growth and expansion. chemical industry companies like Jiangsu Eastern Shenghong and Xinfengming Group have recently joined this elite list, demonstrating the emerging strength of China’s chemical sector.
- Focus on Sustainability and Innovation: Many Chinese chemical industry companies are investing in green technologies and sustainable practices. For example, PetroChina is focusing on the development of biofuels and environmentally friendly chemical products. This aligns with global trends and positions Chinese chemical industry companies well for future growth.

Comparison with Other Countries
- United States: The US has 10 chemical industry companies in the top 50 global chemical chemical industry companies list, with Dow Chemical ranking third globally in 2024. US chemical industry companies are strong in diversified chemicals and specialty products.
- Japan: With seven chemical industry companies in the top 50, Japan remains a significant player in the chemical industry, particularly in electronics and specialty chemicals. chemical industry companies like Shin-Etsu Chemical are globally recognized for their high-quality products.

In summary, China’s chemical industry is a major global force, with several chemical industry companies featuring prominently in global rankings. The increasing presence of Chinese chemical industry companies in the top 50 list highlights the industry’s rapid growth and potential. China’s focus on sustainability and innovation further strengthens its position in the global chemical market.