20 Biggest Chemical Companies in Australia, 2024

Published on April 29, 2024 at 12:11 pm by Faheem Tahir in Business, Industries, Lists, News

In this article, we will take a look at 20 Biggest Chemical Companies in Australia, 2024. If you want to see more of the Biggest Chemical Companies in Australia, 2024, go directly to 5 Biggest Chemical Companies in Australia, 2024.

Chemical compounds, made from organic and inorganic materials, are super important due to their diverse set of properties, like being flammable, toxic, or reactive. Thus, the global chemicals market is expanding. It is expected to grow from $5,115.19 billion in 2023 to $5,574.05 billion in 2024, with a yearly growth rate of 9.0%, according to The Business Research Company. This growth comes from global economic conditions, raw material costs, and market mergers. And the exciting part is that it is not slowing down. By 2028, it’s predicted to hit $7,788.18 billion, with a yearly growth rate of 8.7%. This expansion is fueled by factors like environmental rules, renewable materials, and going digital.

One biggest reason for the current and expected growth is the increasing demand for inorganic chemicals, especially in making fertilizers. Plus, advancements in tech are helping industries like paper, energy, and packaging, expand. For example the US GDP went up by 2.1% in Q2 2023, and industrial production rose by 0.4% in August. Some of the most frequently-used industrial chemicals are surphuric acid, sodium hydroxide, nitrogen, propylene and ethylene, which are utilized in various industries, such as paints, inks, distilled petroleum, plastics and many more.

The growth and dynamics of the chemicals market intersect with industry leaders like DOW Inc. (NYSE:DOW) and Exxon Mobil (NYSE:XOM), two of the largest chemical companies in the US, whose strategies and innovations shape the landscape of the sector.

Dow Inc. (NYSE:DOW), a leading material science company, operates primarily through its wholly owned subsidiary, The Dow Chemical Co (TDCC). In the twelve months ending December 31, 2023, Dow Inc. (NYSE:DOW) reported revenue of $44.62 billion, representing a decrease of -21.58% year-over-year, according to Yahoo Finance. On the other hand, ExxonMobil (NYSE:XOM) Chemical provides the foundational materials for a wide range of products, including packaging materials, plastic bottles, automobile bumpers, synthetic rubber, solvents, and various consumer goods. Exxon Mobil (NYSE:XOM), had a revenue of $344.58 billion in the twelve months ending December 31, 2023, and experienced a decrease of -16.70% year-over-year. Both Dow and ExxonMobil Chemical are big players in the chemicals industry, but they have different approaches and products. Dow is all about material science, while ExxonMobil Chemical provides the essential building blocks for a lot of different products. Even though both companies have seen drops in revenue, they’re still two of the biggest players in the sector.

While the United States is a major player, Australia is close behind; Australia’s chemicals market is set to grow by 3.30% from 2024 to 2028, reaching a whopping US$7.23 billion. The country’s market recorded a revenue of $18.3 billion in 2022, boasting a cool CAGR of 5.9% across the period 2017-2022. Within the segment, commodity chemicals segment owned the biggest share in the same year, earning a revenue of $12.5 billion, which accounts for 68.2% of the total market revenue, according to Research and Markets. This shows how Australia’s becoming more important globally in the chemical scene, with lots of potential for even more growth in the future, which leads us to our list of 20 Biggest Chemical Companies in Australia, 2024.

A technician using a pipette to mix a bright blue chemical solution in a laboratory.

Methodology

For our list of the 20 Biggest Chemical Companies in Australia, 2024, we have compiled data based on the top 20 largest companies by market capitalization. Market capitalization data has been sourced from Investing.com. The market capitalization figures in Australian Dollars have been converted to US Dollars using the exchange rate provided by X-Rates, as of March 20, 2024. The exchange rate used for conversion is 1 AUD = 0.65 USD. With this, we present to you a list of 20 Biggest Chemical Companies in Australia, 2024.

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20. Provaris Energy Ltd (ASX:PV1.AX)

Market Cap: $18.265 million

Starting our list of 20 Biggest Chemical Companies in Australia, 2024 with Provaris Energy Ltd (ASX:PV1.AX). Provaris Energy Ltd (ASX:PV1.AX) is mainly involved in projects related to development of hydrogen production and operates in Australia as well as internationally. Along with this, it actively participates in the development of compressed hydrogen shipping solutions.

In their earnings report for the half-year ending December 31, 2023, Provaris Energy Ltd reported a net loss of around 2.44 million USD which was a slight improvement from the net loss of 2.55 million USD in the same period last year.

19. Foresta Group Holding Limited (ASX:FGH.AX)

Market Cap: $19.006 million

Starting our list of 20 Biggest Chemical Companies in Australia, 2024 with Foresta Group Holding Limited (ASX:FGH.AX). Foresta Group Holding Limited focuses on producing natural wood rosin and turpentine from renewable pine chemicals. They supply a wide range of industries, from soaps to car tires.

Foresta Group Holding Limited (ASX:FGH.AX) reported their earnings for the year ending June 30, 2023. Sales amounted to around 0.0102 million USD, down from about 0.1178 million USD the previous year. They also reported a net loss of approximately 5.34 million USD for the year, which was worse than the previous year’s loss of around 3.92 million USD.

18. Kore Potash plc (ASX:KP2.AX)

Market Cap: $28.672 million

Kore Potash plc (ASX:KP2.AX) is mainly focused on the Sintoukola potash project, which includes deposits of Kola sylvinite and carnallite near Pointe Noire. In their earnings report for the half-year ending June 30, 2023, Kore Potash plc (ASX:KP2.AX) reported a net loss of $$0.46 million, while the company reported a loss of $0.90 million for the same period the previous year.

17. PPK Group Limited (ASX:PPK.AX)

Market Cap: $28.938 million

PPK Group Limited (ASX:PPK.AX) is an Australian company specializing in nanomaterials, artificial intelligence, and energy solutions. PPK Group Limited (ASX:PPK.AX) main focus is on designing and making batteries, full battery energy storage systems, and white graphene. In their earnings report for the half-year ending December 31, 2023, PPK Group reported sales of about 10.80 million USD, a big jump from around 0.302 million USD the year before.

16. Centrex Limited (ASX:CXM.AX)

Market Cap: $29.380 million

Centrex Limited (ASX:CXM.AX) is involved in the exploration, evaluation, development, and production of mineral resources in Australia. Centrex Limited (ASX:CXM.AX) mainly produces phosphate rock and also mines for potash, zinc, and copper. In its earnings report for the full year ended June 30, 2023, Centrex Limited reported sales of approximately 16.88 million USD, which was an immense increase from 0.139 million USD reported for the previous year.

15. Noble Helium Limited (ASX:NHE.AX)

Market Cap: $29.413 million

Noble Helium Limited (ASX:NHE.AX) explores helium projects in Tanzania, and holds 100% interests in the North Rukwa Basin project. This project comprises 12 granted prospecting licenses covering an area of approximately 1,467 square kilometers in south-west Tanzania. In its earnings report for the half-year ended December 31, 2023, Noble Helium Limited (ASX:NHE.AX) stated a net loss of approximately 2.015 million USD, compared to the income of 0.629 million USD reported for the same period the previous year.

14. Agrimin Limited (ASX:AMN.AX)

Market Cap: $30.223 million

Agrimin Limited (ASX:AMN.AX) focuses on the exploration and development of potash projects, particularly sulphate of potash, in Western Australia. In its earnings report for the half-year ended December 31, 2023, Agrimin Limited (ASX:AMN.AX) reported a net loss of approximately 1.326 million USD compared to a net income of approximately 0.432 million USD reported for the same period the last year.

13. Minbos Resources Limited (ASX:MNB.AX)

Market Cap: $47.284 million

Minbos Resources Limited (ASX:MNB.AX) is involved in the exploration and development of mineral projects, with a focus on phosphate and ammonia deposits. In its earnings report for the half-year ended June 30, 2023, Minbos Resources Limited (ASX:MNB.AX) disclosed a net loss of approximately 1.417 million USD.

12. EcoGraf Limited (ASX:EGR.AX)

Market Cap: $53.145 million

EcoGraf Limited (ASX:EGR.AX) is involved in exploring and making graphite products for the lithium-ion battery and advanced manufacturing markets in Asia, Europe, and North America. Their focus is on finding graphite minerals. In their earnings report for the half-year ended December 31, 2023, EcoGraf Limited (ASX:EGR.AX) disclosed revenue of approximately 1.56 million USD, compared to 1.053 million USD reported for the same period the previous year.

11. ClearVue Technologies Limited (ASX:CPV.AX)

Market Cap: $74.828 million

ClearVue Technologies Limited (ASX:CPV.AX), along with its subsidiaries, specializes in providing building-integrated photovoltaic solutions in Australia. Their product offerings include CLEARVUEPV, and SMARTVUEPV. In January 2024, ClearVue Technologies Limited (ASX:CPV.AX) scored a big contract to supply their transparent solar glass tech for a six-story building in Melbourne. The contract was worth $8.0 million.

10. Danakali Limited (OTC:SBMSF)

Market Cap: $98.163 million

Danakali Limited (OTC:SBMSF) is involved in mineral exploration in Eritrea, East Africa. It has a specific focus on developing the Colluli potash project situated in the Danakil Depression region of Eritrea. In January 2024, Danakali Limited (OTC:SBMSF) announced that the Board of Directors is looking into various new liquidity options for shareholders. This comes after they got a hefty distribution of US$154.7 million from selling the Colluli Potash Project.

9. Highfield Resources Limited (ASX:HFR.AX)

Market Cap: $103.190 million

Highfield Resources Limited (ASX:HFR.AX) is an Australian mineral exploration company. It operates on approximately four potash projects. One of its key projects is the Muga project which focuses on exploiting shallow sylvinite beds located southeast of the project area.

In March 2024, Highfield Resources Limited (ASX:HFR.AX) announced the contract award for constructing the declines and underground mining infrastructure at the Muga-Vipasca Potash Project.. The contract was awarded to a joint venture formed by EPOS-Empresa Portuguesa de Obras Subterráneas S.A. and TUNELAN-Obras Subterráneas S.A.

8. DGL Group Limited (ASX:DGL.AX)

Market Cap: $125.611 million

DGL Group Limited (ASX:DGL.AX) is focused on specialty chemicals. DGL Group Limited (ASX:DGL.AX) formulate, distribute, and take care of waste management and recycling. They provide these services across Australia, New Zealand, and the United States. In its earnings report for the half-year ended December 31, 2023, DGL Group Limited disclosed sales of approximately 141.05 million USD, while it reported 141.22 million USD reported for the same period the previous year.

7. Calix Limited (ASX:CXL.AX)

Market Cap: $184.137 million

Calix Limited (ASX:CXL.AX) is an environmental technology company that operates globally. Calix Limited (ASX:CXL.AX) provides industrial solutions to tackle sustainability challenges across the globe. In March 2024, Co-Founder Mark Sceats made the largest insider purchase in the past year. He spent around 285,350 USD buying shares at about 2.85 USD each. This showed his confidence in the company, whose shares were then trading at around $1.

6. Alpha HPA Limited (ASX:A4N.AX)

Market Cap: $506.858 million

Sixth on the list of 20 Biggest Chemical Companies in Australia, 2024 is Alpha HPA. Alpha HPA Limited (ASX:A4N.AX) specializes in specialty metals and technology. Their prime focus is on exploring high purity alumina (HPA) deposits. Their big project, HPA First, is located in Gladstone, Queensland. In April, 2024, Alpha HPA Limited (ASX:A4N.AX) has bagged a $400 million debt from Australian state in relation to its HPA First Project, which is all about producing pure aluminum products, aiming to put Australia high up there, in relation to industries like semiconductors, lithium-ion batteries, and LED lighting.

Click to continue reading and find out about 5 Biggest Chemical Companies in Australia, 2024.

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