BASF - statistics & facts
With its extensive global network of production sites and subsidiaries, the German based BASF chemical company has a profound impact on various aspects of our daily lives, from plastics and coatings to crop technology and performance chemicals. Alongside their global manufacturing influence, BASF also invests heavily in research and development. This commitment to innovation has led to breakthroughs in materials science, sustainable solutions, and advanced chemical processes. Whether it’s developing new materials or improving existing products and manufacturing processes, BASF remains at the forefront of scientific advancements.
BASF, an acronym that stands for Badische Anilin und Soda Fabrik is a German chemical company headquartered in Ludwigshafen, Rhineland-Palatinate. It consistently holds the title of the world's largest chemical company in terms of revenue and employs nearly 112,000 people globally as of 2023. Although the company's revenue of 68.9 billion euros in 2023 marked a decrease from the previous year, its net income saw a slight rise to a value of 225 million euros, contrasting with a net loss of 627 million euros.
In summary, BASF’s global impact, commitment to research and development, and strategic focus on customer solutions make it an influential player in our everyday lives.
BASF's business segments
BASF operates through six core segments, namely Surface Technologies, Materials, Chemicals, Industrial Solutions, Agricultural Solutions, and Nutrition & Care, along with a seventh 'Other' segment that encompasses a variety of specialized operations. The Surface Technologies segment, the largest in the company, generated 16.2 billion euros in 2023, highlighting its crucial role in BASF's financial health. The Materials segment supplies advanced materials essential for various industries, including automotive and consumer goods, while the Chemicals segment, the backbone of BASF, offers a vast portfolio of basic to intermediate chemicals fundamental to numerous industrial processes. Industrial Solutions enhances the efficiency and performance of industries such as electronics and construction, and Agricultural Solutions helps to improve crop yields and protect plants from diseases, pests, and weeds. The Nutrition & Care segment addresses the growing demand for personal and health care products. Each segment is integral to BASF's operational framework, contributing to its expansive global influence.BASF's regional operations
Looking at the revenue distribution of BASF from a regional perspective, the company generated a substantial 39 percent of its total revenue in 2022 from its home region of Europe. North America is the second-largest market, responsible for some 27 percent of the company’s total revenue, and Asia Pacific is the third-largest market. The company's employee base loosely follows the regional revenue distribution, with the largest share of employees in Europe, and the second- and third-largest employee bases in Asia Pacific and North America, respectively.In summary, BASF’s global impact, commitment to research and development, and strategic focus on customer solutions make it an influential player in our everyday lives.
