What Companies are in the Basic Industries Field


In 2019, the United States exported a total of $1.6 trillion in goods, making it the second-largest exporter in the world. Primary industries, including key sectors like mining, agriculture, and also energy, represent some of the most significant exports in the United States.

For example, the nation’s most significant exports are mineral fuels, including oil; these fuels account for a large percentage of American exports and billions of dollars in annual revenue. Organic chemicals are another significant export, accounting for nearly billions in yearly revenue.

What is Basic Industries Field?What is Basic Industries Field

Primary industries provide the raw materials and energy sources essential to production within other sectors. Companies in the primary industries often sell products directly to manufacturers instead of consumers because they are foundational to producing critical products and also services. For example, the steel industry is integral to building vehicles and also appliances sold directly to consumers.

Because primary industries are highly dependent on natural resources, products like metals, fuels, and also edible crops are often intended for export instead of the domestic sale. In some cases, essential products can be used as economic leverage or incentivize trade partnerships between countries.

What Types of Companies are in the Basic Industries Field


The production of crops is used explicitly for food supply. Almost half of the land area in the United States is designated for agricultural purposes. The midwestern United States produces large quantities of soy, wheat, and also corn.

Oil and Gas

They have been used as leading sources of energy since the 19th century. Oil is burned as fuel and is frequently used to create heat and electricity. Similarly, natural gas is mined and distributed through pipelines.


It is a process in which resources like minerals, metals, and also coal are extracted from the earth. In 2020, American mines removed about $82 billion in raw minerals.


It is a ubiquitous building material because of its toughness, malleability, and relatively low cost. This metal is produced by mixing carbon and also iron at temperatures above 2,600 degrees. It is essential for making vehicles, buildings, and also other infrastructures.

Paper and Pulp

The paper and pulp industry use wood materials to produce office paper, printed publications, cardboard, and packaging. This sector accounts for about 14% of overall wood consumption and 33-40% of globally traded wood products.

Chemical Industry

The chemical industry supplies industries with a wide range of gas and chemical products. These include artificial or lab-created materials like adhesives, elastomers, gels, monomers, and also polyethylenes.

What Companies are in the Industrials Sector?What Companies are in the Industrials Sector

Industrial stocks include some of the oldest and also most storied public companies and form the backbone of the U.S. economy. They lend their name to one of the key U.S. stock market indexes, the Dow Jones Industrial Average (DJIA), which may be why industrial companies embody the ideals of the stock market for many people.

To help you find the best industrial stocks for your portfolio, Forbes Advisor has compiled a list of the 10 largest companies in the industrial sector by market capitalization.

Best Industrial Stocks of January 2023

United Parcel Service Inc. (UPS)

  • Market Cap – $164 Billion
  • 5-Year Avg. Annualized Return – 11.7%
  • 10-Year Avg. Annualized Return – 11.9%

Raytheon Technologies (RTX)

  • Market Cap – $146 Billion
  • 5-Year Avg. Annualized Return – -1.7%
  • 10-Year Avg. Annualized Return – 3.9%

Honeywell International Inc. (HON)

  • Market Cap – $146 Billion
  • 5-Year Avg. Annualized Return – 8.9%
  • 10-Year Avg. Annualized Return – 9.2%

Deere & Company (D.E.)

  • Market Cap – $133 Billion
  • 5-Year Avg. Annualized Return – 25%
  • 10-Year Avg. Annualized Return – 18.8%

Union Pacific Corp. (UNP)

  • Market Cap – $132 Billion
  • 5-Year Avg. Annualized Return – 13.3%
  • 10-Year Avg. Annualized Return – 14.9%

Lockheed Martin (LMT)

  • Market Cap – $127 Billion
  • 5-Year Avg. Annualized Return – 10.9%
  • 10-Year Avg. Annualized Return – 19.7%

Caterpillar Inc. (CAT)

  • Market Cap – $123 Billion
  • 5-Year Avg. Annualized Return – 12.7%
  • 10-Year Avg. Annualized Return – 12.2%

Siemens AG (SIEGY)

  • Market Cap – $113 Billion
  • 5-Year Avg. Annualized Return – 4.6%
  • 10-Year Avg. Annualized Return – 6.3%

Boeing (B.A.)

  • Market Cap – $105 Billion
  • 5-Year Avg. Annualized Return – -6.6%
  • 10-Year Avg. Annualized Return – 11.2%

General Electric (G.E.)

  • Market Cap – $93 Billion
  • 5-Year Avg. Annualized Return – -8.8%
  • 10-Year Avg. Annualized Return – -2.8%

Types of Industrial Stocks

Capital goods

When considering industrial stocks, most people probably think about companies that manufacture heavy machinery. These so-called capital goods companies build the equipment used to produce other goods, such as tooling and fabrication equipment, presses and also boilers.

Aerospace and Defense

Companies building aircraft or manufacturing weapons systems and also related products for national governments are among the most significant industrial stocks. This sub-industry also includes companies making rockets and also other space exploration hardware.

Transportation and Logistics

It may seem counterintuitive, but logistics and transportation companies are among the most significant industrial stocks. Airlines, railroads, trucking, and also parcel delivery firms specialize in moving people and also goods worldwide.

Construction Equipment and Building Supplies

Industrial companies produce the products and machinery used to create our built environment. Whether they’re helping customers build single-family homes or skyscrapers, roads and also bridges, construction companies fall under this subcategory of industrial stocks.

List of Major Industries in the WorldList of Major Industries in the World

The most prominent industries in the world are the ones providing essential products and also services to improve the life of billions of people around the world. To give you the most accurate insights about the 10 biggest industries in the world in 2021, we ranked each industry by its market value. We also included the most significant companies under the biggest industries in the world in 2021 to highlight the potential of the market of a specific sector.


One of the biggest industries in the world in 2021 is telecommunications. The rise of work-from-home trends and in-house entertainment have resulted in a surge in data traffic. The industry is the lifeline for millions of small businesses and also individuals working remotely or online. The increasing demand for 5g network and internet services drives the trillion-dollar industry.

Automobile Manufacturing

Automotive manufacturing ranked 9th on the list of the 10 biggest industries in the world in 2021. The year 2020 was horrible for the auto industry due to manufacturing restrictions. According to new data from Inovev, global automotive manufacturing dropped by 21% in the first ten months of 2020 due to the coronavirus outbreak and also compared to the same period in 2019.

On the other hand, electric vehicles (E.V.s) are gaining demand in the European Union as government offers cash incentives. In Germany, privately-held E.V.s registered before the end of 2020 will be eligible for a 10-year tax exemption, while E.V.s with an original cost under €40,000 will be entitled to a €9,000 subsidy until December 2021. Electric vehicle purchasers in France could be eligible for up to €12,000 in contributions.

Oil and Gas E&P

The global oil and also gas exploration and production industry accounted for 3.8% of global GDP in 2019, a significant portion of the worldwide economy. Companies specializing in crude petroleum exploration, mining and also extraction of oil from shale or sands and also recovery of hydrocarbon liquids make up this sector. The oil industry was heavily impacted by the pandemic, where the price of crude oil crashed in 2020.

Saudi Aramco, the world’s most valuable oil and gas company, was not safe from the impacts of COVID-19. Due to stifled demand and also a decline in crude prices, the oil giant posted a net income of $11.8 billion in the third quarter of 2020, a sharp decrease of 44% from the previous year.

Food Industry

Ranking 7th on our list of the biggest industries in the world in 2021 is food and also agriculture. The world saw a considerable uptick in food spending through online channels after the COVID-19 crisis. American food company Tyson Foods Inc (NYSE: TSN), which offers chicken, beef, pork, and also frozen meals, had a revenue of $10.5 billion in the first quarter of 2021, down from $10.8 billion in 2020. Shares of TSN increased by 72.8% over the past twelve months.

While Uber Technologies Inc (NYSE: UBER) is not a food manufacturer, we listed the company under the food sector because of UBER’s strong food delivery business. Uber Eats is now more significant than the primary ride-hailing service of the company, with gross delivery bookings of $10 billion in the fourth quarter of 2020. Shares of UBER jumped by 280% over the past twelve months.

Information Technology

Ranking 6th on the list of the biggest industries in the world in 2021 is the information technology sector. The information technology sector has helped businesses survive the pandemic recession. According to the research firm IDC, the global information technology industry is set to hit $5.2 trillion in 2020. The emerging tech sectors, including the Internet of Things, quantum computing, SaaS and PaaS, robotics, augmented/virtual reality, A.I. applications, data analytics, and also next-gen security software are the main drivers for revenue growth. Cloud computing landed the most applied branch of technology during the pandemic

According to Markets and Markets’ in-depth market research, the global cloud computing industry was valued at $371 billion in 2020 and also is expected to grow at a compound annual growth rate (CAGR) of 17.5% to $832 billion by 2025. The most prominent cloud computing players are Microsoft Azure (NASDAQ: MSFT), AWS (NASDAQ: AMZN), and Google Cloud Platform (NASDAQ: GOOG). Microsoft is the most valuable cloud computing company in the world. In the second quarter of 2021, the company had revenue of $43 billion; revenue in the cloud business alone was $14.6 billion. Shares of MSFT increased by 68.8% over the past twelve months.

What Companies are Based in BostonWhat Companies are Based in Boston

Boston is considered one of North America’s best places to conduct business. From 2010 to 2019, Boston’s average household income increased by 4.1 per cent. Boston’s unemployment rate is currently at 4.3 per cent and also has been steadily decreasing over the last few months.

The city has a diverse economy, employing thousands of people in different industries, including healthcare, finance, retail, accommodation, food processing, transportation, real estate, and also construction. This article covers the biggest companies in Boston, where to find a job, and the top Boston job boards.

Industries Field Companies that are Based in Boston

  • Amazon
  • General Electric
  • Gillette
  • Fidelity Investments
  • Liberty Mutual Insaurance
  • LMHC Massachusetts Holdings, Inc.
  • Steward Health Care
  • State Street
  • Professional Fire Fighters of Massachusetts
  • Iron Mountain
  • Civitas Solutions
  • Institute of Contemporary Art Boston
  • Boston Consulting Group
  • Orbia Advance Corp Sab DE Cv
  • Publicis Sapient
  • Massachusetts General Hospital
  • The Boston Company Asset Management
  • Partners In Health
  • Wayfair
  • Brigham and Women’s Hospital
  • Riverside Partners
  • Dell
  • Microsoft
  • Jonhson & Johnson
  • P&G
  • Nike
  • Meta

What Industries Field Companies are Based in New York

The Top 10 Companies of New York:

  • IBM
  • Bank of China
  • Health field Operating Group
  • Infosys
  • Tata Consulting Services
  • JPMorgan Chase & Co
  • Bank of America
  • Peloton
  • Fitch Group
  • Snowflake
  • Adyen
  • DoorDash
  • com
  • HelloFresh
  • Snap Inc.
  • Squarespace
  • Robinhood
  • Red Hat
  • Paper
  • Oculus
  • Collibra
  • Spectrum
  • Airbnb

What Industries Field Companies are in the Materials SectorWhat Companies are in the Materials Sector

The materials sector includes companies that discover, develop and process raw materials used in steelmaking, farming, and also construction industries. Materials stocks include manufacturers of plastics, fertilizers, paper, concrete, and also metals. Prominent companies include Ecolab Inc. (ECL), Air Products and Chemicals Inc. (APD), and also DuPont de Nemours Inc. (D.D.).

Metals and other commodities rose after Russia invaded Ukraine in February, fueling rallies in selected materials stocks.

In the past two months, prices for commodities such as lumber and cotton have pulled back due to inflation, interest rate hikes, and concerns about a recession.

Best Value Material Stock in Industries Field Companies

United States Steel Corp

United States Steel makes and sells slabs, plates, sheets, and also tubular products to industries including energy, automotive, and construction in North America and Europe.

Cleveland-Cliffs Inc.

It makes products including flat-rolled steel, iron ore pellets, and also stainless steel tubing. Cleveland-Cliffs announced on Oct. 25 that net income plummeted year-over-year (YOY) as revenues dropped in the third quarter. The company said high project costs affected its financial results and also will taper off in the fourth quarter.

Nucor Corp.

Nucor makes steel, sheet steel, plate steel, concrete and also reinforcing bars. It also sells raw materials. The company will pay its next quarterly dividend of $0.50 a common share on Nov. 10 to shareholders as of Sept. 30, 2022.

What Fastest Growing Materials Companies are in the Basic Industries Field

C.F. Industries Holdings Inc.

C.F. Industries Holdings is a manufacturer of nitrogen and also phosphate fertilizer products worldwide. It sells ammonia, urea, ammonium nitrate solution, and also ammonium nitrate.

M.P. Materials Corp.

M.P. Materials operates mining and processing facilities and produces rare earth materials such as lanthanum, cerium oxides, and carbonates. Net income nearly tripled year-over-year (YOY) as revenue nearly doubled in second-quarter results released in August. Higher prices were a key driver of the gains. M.P. Materials reports third-quarter financial results on Nov. 3.

The Mosaic Co.

The Mosaic Co. is a global producer and marketer of concentrated phosphate and also potash crop nutrients. It has customers in 40 countries. Mosaic recently announced that it would pay a quarterly dividend of $0.15 a common share on Dec. 15 to shareholders as of Dec. 1.


These are just some of the world’s largest essential companies. Each company has a fascinating history. Many were founded in the late 1800s or early 1900s. These companies employ hundreds of thousands of people worldwide and also are responsible for innovations in their respective industries.

As we have seen, each company is a leader in its field, whether it be chemicals, agriculture, mining, or manufacturing. These companies will continue to be at the forefront of their industries for years.