Huntsman Corp - Company Profile
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Business Description
Huntsman Corp (Huntsman) is a producer of a wide range of organic chemical products. Their products are used in various applications, including adhesives, aerospace, automotive, coatings, construction, electronics, insulation, power generation, and refining. Huntsman is a leading global producer in key product lines such as MDI, amines, maleic anhydride, and epoxy-based polymer formulations.
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R&D Overview
Huntsman supports its businesses with a major commitment to research and development, technical services, and process engineering improvement. The company's R&D initiatives focus on developing new products and processes, improving and refining existing products and processes, and developing new applications or alternative uses for existing products. Huntsman R&D centers are in The Woodlands, Texas; Tienen, Belgium; Basel, Switzerland; Merrimack, New Hampshire; and Shanghai, China. These centers are responsible for supporting the company's product and technology development. Additionally, other process development/technical service centers are located in Deggendorf, Germany; Auburn Hills, Michigan; Derry, New Hampshire (Polyurethanes); Monthey, Switzerland; MacIntosh, Alabama; Akron, Ohio; and Panyu, China (Advanced Materials). Huntsman owns approximately 2,140 unexpired patents and has approximately 950 patent applications (including provisionals) currently pending. The company operates multiple R&D centers and engages in various research and development programs to maintain its competitive position. In FY2025, it spent US$120 million on R&D, which, as a percentage of revenue, stood at 2.1% and declined 0.8% YoY.
Business Segments
Overview
Manufactures and markets basic liquid and solid epoxy resins; cross-linking, matting and curing agents; specialty resin compounds; and epoxy, acrylic and polyurethane-based formulations. Major end-user markets include aerospace, automotive, liquid natural gas transport, coatings and construction, consumer and industrial appliances, printed circuit boards, electrical power transmission and distribution, wind power generation, recreational sports equipment, medical appliances, and food and beverage packaging. Major customers include 3M, Henkel, Westlake and Xiongrun, Evonik, Kaneka, Sumitomo and Westlake. In FY2025, the segment’s capital expenditure stood at US$27 million, which increased 58.8% YoY.
Performance
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Overview
Produces and sells amines and maleic anhydride. It also offers technology licenses. Major end-user markets include oil exploration and production, agrochemicals, and fuel and lubricant additives markets, among others. In FY2025, the segment’s capital expenditure stood at US$59 million, which decreased 30.6% YoY.
Performance
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Overview
Manufactures and markets methyl diphenyl diisocyanate (MDI), polyols, thermoplastic polyurethane (TPU), aniline, and nitrobenzene. Major end-user markets include commercial and residential insulation, automotive, appliance, furniture and coatings, footwear, adhesives, sealants and elastomers industries. In FY2025, the segment’s capital expenditure stood at US$82 million, which grew 5.1% 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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