BASF SE - Company Profile
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Business Description
BASF SE (BASF) is a chemical company, which carries out research and development (R&D), production, marketing and sales of chemicals, plastics, crop protection products, and performance products.
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R&D Overview
BASF focuses its R&D initiatives on developing new products, entering new markets, increasing productivity, and reducing the carbon footprint of existing products. The company aims to enhance customer proximity, value creation, competitiveness, and profitable growth through its research activities. BASF SE is working on innovative products and processes for a sustainable future, including materials for electromobility, recycling technologies, and biodegradable polymers. The company integrates customer-focused R&D activities into its operating divisions and bundles cross-divisional research in Group Research. The R&D units of BASF include the dedicated research and development units integrated into the operating divisions and the cross-functional global division Group Research. The operating divisions focus on application- and customer-related R&D activities, while Group Research supports these activities and drives cross-divisional projects on topics relevant to the entire company, such as CO2 emission reduction, energy efficiency, and recycling technologies. BASF has research centers in Asia Pacific, Europe, and North America. In 2024, the company filed 1,159 new patents worldwide, with 44.5% focusing on sustainability. Information on the number of pipeline products and major technology alliances is not available in the input text. In FY2024, the company spent EUR2,061 million on R&D, which as a percentage of revenue stood at 3.2% and declined 3.2% YoY.
Business Segments
- Agricultural Solutions
- Chemicals
- Industrial Solutions
- Materials
- Nutrition & Care
- Other
- Surface Technologies
Overview
Includes herbicides, fungicides, insecticides and biological crop protection products besides seeds and seed treatment products. Fungicides: Protects crops against harmful fungal diseases. Major products include F500, Boscalid, dimethomorph, Initium, metiram, metrafenone, Revysol, Serifel and Xemium. Herbicides: Reduces competition from weeds for nutrients, sunlight and water. Major products are dimethenamid-p, Basta, Engenia, Finale, imazamox, Kixor, Liberty, pendimethalin topramezone and Tirexor. Insecticides: Combats insect pests in agriculture and beyond. Major products include chlorfenapyr, fipronil, Alpha-cypermethrin, Inscalis, Interceptor, Nealta, teflubenzuron and Termidor. Seed Treatment: Offers biological and chemical crop protection and inoculants. Major products are Flo Rite, ILeVO, Integral, Nodulator PRO, PONCHO, Serifel, Systiva, Vault HP, and Velondis. Seeds & Traits: Includes optimization and development of seeds and new traits. Major products are Credenz, FiberMax, InVigor, LibertyLink, Nunhems and Stoneville. In FY2024, the segment incurred a capital expenditure of EUR387 million which grew 9.6% YoY.
Performance
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Overview
It supplies basic chemicals and intermediates to other segments. Petrochemicals: It offers basic chemicals and specialties to internal and external customers. Major products include butadiene, benzene, ethylene, propylene, plasticizers, alkylene oxides, alcohols, solvents, acrylic monomers, glycols, styrene and polystyrene, styrenic foams and superabsorbents. Intermediates: Provides intermediates and specialties that are used as precursors for products such as coatings, plastics, pharmaceuticals, textile fibers, and crop protection products. Its basic products are alkylamines and alkanolamines, butanediol and derivatives, neopentyl glycol, formic and propionic acid. Specialties products include specialty amines such as polyetheramine and tertiary butylamine, gas treatment chemicals, acid chlorides, vinyl monomers, chloroformates and chiral intermediates. In FY2024, the segment incurred a capital expenditure of EUR3,403 million, which grew 25.8% YoY.
Performance
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Overview
It includes Dispersions & Pigments besides Performance Chemicals divisions. It develops and markets additives and ingredients for industrial applications such as pigments, polymer dispersions, resins, antioxidants, electronic materials, oilfield chemicals and additives. Dispersions & Pigments: Major products include polymer dispersions, resins, pigments, additives and electronic materials. Performance Chemicals: Major products are antioxidants, light stabilizers, flame retardants, fuel and refinery additives, brake fluids, engine coolants, polyisobutene, lubricant additives, and base stocks. In FY2024, the segment incurred a capital expenditure of EUR289 million, which grew 1.4% YoY.
Performance
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Overview
It includes Performance Materials and Monomers divisions. It offers isocyanates and polyamides besides inorganic basic products and specialties for the plastics and plastic processing industries. Performance Materials: Offers thermoplastic polyurethanes, and foam specialties for construction, transportation and consumer goods and industrial applications sectors. Major products include engineering plastics, biodegradable plastics, foam specialties and polyurethanes. Monomers: Provides polyamides and isocyanates besides inorganic basic products and specialties for plastics, automotive and construction industries. Major products are ammonia, caprolactam, isocyanates (MDI, TDI), adipic acid, chlorine, glues urea and impregnating resins, polyamides 6 and 6.6, caustic soda, standard alcoholates, and nitric and sulfuric acid. In FY2024, the segment incurred a capital expenditure of EUR1,139 million, which grew 5.2% YoY.
Performance
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Overview
It includes Care Chemicals and Nutrition & Health divisions. Its customers include food and feed producers, cosmetics, pharmaceutical, and detergent and cleaner industries. Care Chemicals: Offers ingredients for detergents, cosmetics and cleaner industries and agrochemical and technical applications. Major products are emollients, cosmetic active ingredients and UV filters among others. Nutrition & Health: Provides products for flavor and fragrance, food and feed, pharmaceutical and bioethanol sectors. Major products include sterols, enzymes, vitamins, carotenoids, omega-3 fatty acids, emulsifiers, human milk oligosaccharides, citral, geraniol, L-menthol and linalool, citronellol, valencene and nootkatone. In FY2024, the segment incurred a capital expenditure of EUR809 million, which grew 5.8% YoY.
Performance
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Overview
Includes income generated from other activities. In FY2024, the segment incurred a capital expenditure of EUR241 million, which grew 23.6% YoY.
Performance
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Overview
It includes the Catalysts and Coatings divisions. Its portfolio includes coatings, surface treatments, catalysts and battery materials for the chemical and automotive industries. Catalysts: Offers battery materials, precious metal trading, clean air technologies and recycling. Coatings: Provides decorative paints, automotive OEM coatings and automotive refinish coatings. In FY2024, the segment incurred a capital expenditure of EUR560, million which declined 9.8% YoY.
Performance
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Geographical Segments
Performance
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Performance
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Performance
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Performance
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Performance
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