May 2026
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Largest Chemicals Public Companies in Sweden
Benchmark revenue and EBITDA valuation multiples for public comps like
Hexpol, Arla Plast, I-Tech, Nexam Chemical Holding and Polygiene Group.
 | Hexpol AB manufactures and sells a variety of chemicals and chemical-based products. The company organizes itself into two segments based on product type. The compounding segment, which generates the vast majority of revenue, sells synthetic rubber to the automotive, aerospace, footwear, and pharmaceutical industries. The company's synthetic rubber products are used in the production of tires, hoses, seals, footwear, and pharmaceuticals. The engineered products segment sells gaskets used in plate heat exchangers, forklift wheels, and castor wheels. The Americas generates the majority of its revenue from geographic market. | $8 | -14% | $3B | $3B | 1.4x | 8.1x | ||
| Arla Plast AB is a extruders of plastic sheets in Europe. It offers plastic solid sheets and multiwall sheets in Polycarbonate, Polyethylene terephthalate glycol, ABS and other materials. | $4 | -16% | $91M | $87M | 0.6x | 5.0x | ||
| I-Tech AB is a biotechnology company. The company owns all IP and regulatory rights to the antifouling agent Selektope. Its business is to commercialize patented active substances to reduce marine fouling on hulls, gears, and other submerged structures. | $7 | -37% | $82M | $73M | 3.9x | 13.5x | ||
| Nexam Chemical Holding AB is a Swedish company that develops, manufactures, markets, and sells crosslinking chemicals and masterbatches to plastic manufacturers, converters, and recyclers. The company's technology with crosslinkers, masterbatches, and chain extenders allows it to cost-effectively improve the properties, appearance, and performance of a wide range of plastics. Geographically, it generates maximum revenue from Sweden, followed by Hungary, Denmark, Finland, Switzerland, Poland, and other regions around the world. | $0 | -22% | $33M | $31M | 1.5x | 70.6x | ||
| Polygiene Group AB is a provider of odor control and stay fresh solutions. Its sales and markets its products in various segments including Sport and Outdoor, Lifestyle, Home Design, and Footwear. Within Polygiene Group, there are two segments: Polygiene and Addmaster. It generates the majority of the revenue from Product Protection by sales of products such as ViralOff, BioMaster and VeriMaster. The company generates revenue through sales of chemicals and royalties. | $1 | -55% | $23M | $19M | 1.1x | 30.0x | ||
| Serstech AB is engaged in chemical related products which help in the measurement and identification of chemicals. It offers Handheld Raman Spectrometer; Chemdash, Management and Reporting Software and Validated Data-Enriched and Complete Libraries. The company's solutions are used in the pharmaceutical production industry. | $0 | -27% | $14M | $9M | 2.3x | (4.3x) | ||
| Suntrade Group AB Formerly Taurus Energy AB is engaged in a commercial development project involving ethanol production from forestry and agricultural waste. Its product includes XyloFerm a robust prototrophic yeast strain for producing ethanol from C6 and xylose streams. Its products are marketed and distributed in United States by Lallemand Biofuels & Distilled Spirits. | $0 | -55% | $11M | $11M | 16.7x | (59.8x) | ||
| aXichem AB develops and delivers nature-identical ingredients of the highest purity. The company offers axiphen-feed used in the breeding of chickens and pigs, Bio-repellents used to repel unwanted biological organisms from installations or areas, and aXivite an alternative to capsaicin. | $0 | -45% | $9M | $10M | 4.7x | (7.1x) | ||
| Tribox Group AB develops and sells an effective additive technology that can be used in fuels, oils and greases in a wide range of vehicles and machines. The products are based on a unique, patented technology to reduce mechanical friction, counteract bacterial growth and improve cleaning in combustion systems. | $0 | -10% | $7M | $8M | 0.6x | 11.8x | ||
| OrganoClick AB is involved in the chemicals industry. Its product portfolio includes green chemical technologies for creating water repellency, biobased binders for increasing the mechanical strength, and wood treatment products for resistance to fungal degradation and resistance to fire. It operates in four business areas Functional Wood, Green coatings & maintenance products, Nonwoven & technical textile, and Other. The group has a single operating segment. | $0 | -73% | $6M | $14M | 1.3x | (10.4x) | ||
| XP Chemistries AB is an inventive biotechnology company that develops and patents novel nature inspired chemical processes for the production of high-quality and sustainable natural chemicals. | $0 | -40% | $6M | $4M | 84.6x | (4.5x) | ||
| Svenska Aerogel Holding AB develops and manufactures recyclable aerogel materials for industrial applications. It is focused on the development of Insulation, Color & Surface and Filtering of liquids and gases. The company has the following operating segments: Construction and Property: In the building and construction industry, there is a demand for greater energy efficiency; Process Industry: In the process industry, there is a need for process stability, safety, corrosion protection, and avoiding damage over time; and Advanced: The Advanced segment is dedicated to customers with technically advanced products spanning different industries where innovation and performance at the forefront is being utilized. | $0 | -37% | $6M | $5M | 10.6x | (2.1x) | ||
| Cyclezyme AB is a Sweden-based company that has developed an enzymatic platform focused on producing enzymes for green biochemical processes. This platform utilizes biotechnological methods to identify and improve enzymes capable of converting e.g. PET-based plastic materials for new building blocks. The company enables careful experiments and analyses of the behavior of different enzymes in the breakdown of e.g. PET material. The company refines its enzymes and also optimizes the processes for plastic recycling by combining experimental data with data analysis. | $2 | -5% | $4M | $4M | 41.8x | (23.7x) | ||
| EcoRub AB is a greentech company that produces materials and products from recycled plastic and products. Its products include injection molding pellets of EcoRub organic gum and biokompositen strongboard. The company processes recycled rubber and recycled plastic into new rubber materials. The Ecokraft brand consists of Swedish-made gym floors and mats made of recycled rubber. | $0 | -21% | $4M | $4M | 3.5x | (7.0x) | ||
| Prebona AB is a Swedish material science company. The company develops and markets products and materials within Nanocoatings, Agriculture and HealthCare. Its nanocoating's solution improves properties of many materials and surfaces, such as concrete, tiles, glass, painted surface and wood. The company develops and patents a new substance to combat antibiotic resistance and also provides smart solutions for a sustainable and efficient agriculture. | $0 | -42% | $3M | $4M | 13.2x | (8.2x) | ||
| Nattaro Labs AB is a Swedish company that carries out research to develop new products and sustainable solutions to combat the growing problem of bed bugs. | $0 | +21% | $3M | $3M | 5.0x | (3.9x) | ||
| Biofrigas Sweden AB is engaged in the production of bio-gas which is used in food industries, agriculture industries, and for waste water treatment. Also, the company provides CO2 and heat for various purposes. | $0 | -26% | $2M | $2M | 59.5x | (1.5x) | ||
| Polymer Factory Sweden AB is a provider of dendritic and polymeric materials, plus a contract research company. The product portfolio include monodisperse dendritic polymers built from 2,2-bis(methylol)propionic acid, such as biocompatible bis-MPA dendrimers and dendrons. It specializes in the synthesis of flawless macromolecules, tailor made materials and calibrants for MALDI-ToF. | $0 | -12% | $1M | $848K | 4.0x | (3.1x) | ||
| Recyctec Holding AB is a holding company. The company manufactures glycol which is used in cooler, mainly in internal combustion engines. Its product and services include Analysis of Glycol type, Return of Used Glycol, EarthCare Glycol - HTF and Car coolant and Technical Glycol. | $0 | -66% | $836K | $801K | 0.6x | (1.6x) | ||
| Median | $0 | -27% | $6M | $8M | 3.9x | (3.1x) |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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