20 Major Chemical Giants’ 2024 Performance Summary!

As of March 1, global chemical giants have successively released their 2024 financial results—including BASF, Dow, Covestro, Arkema, DuPont, Huntsman, Lanxess, Celanese, Syensqo, Trinseo, INEOS, Honeywell, Clariant, Eastman, SABIC, Chemours, LyondellBasell, ExxonMobil, LG Chem, and Avient—totaling 20 companies. Given market conditions in 2024, several giants announced a series of cost-reduction measures. Specifically: BASF On February 28, BASF released its full-year 2024 results. Total sales amounted to €6.53 billion (approximately RMB 49.649 billion), down from €6.89 billion in 2023—a decrease of €360 million year-on-year. EBITDA stood at €6.7 billion, down €500 million from €7.2 billion in 2023; EBIT was €2.0 billion, down €206 million year-on-year; net income reached €1.3 billion, significantly exceeding €225 million in 2023. By the end of 2024, BASF had incurred approximately €900 million in one-time costs related to its cost-savings program. Dow On January 30, Dow Inc. released its latest financial report. Full-year 2024 net sales totaled $43.0 billion, down from $44.6 billion in 2023—a decrease of $1.6 billion year-on-year; GAAP net income was $1.2 billion, up from $660 million in 2023; operating EBIT was $2.6 billion, down from $2.8 billion in 2023. Operating cash flow from continuing operations amounted to $2.9 billion, down from $5.2 billion in 2023. The report indicated that Dow is implementing measures to cut costs by $1.0 billion, including eliminating approximately 1,500 positions globally. Covestro On February 26, Covestro published its fiscal year 2024 results: sales declined 1.4% to €14.2 billion (€14.4 billion in the prior year), primarily due to lower selling prices; EBITDA remained stable, dipping slightly by 0.8% to €1.1 billion—broadly in line with expectations; net profit was -€266 million (compared to -€198 million in the prior year); free operating cash flow stood at €89 million (versus €232 million in the prior year). In Q4 2024 alone, Covestro’s sales rose 0.9% year-on-year to approximately €3.4 billion; EBITDA surged 44.7% year-on-year to €191 million; free operating cash flow jumped 246.6% year-on-year to €253 million. Arkema On February 28, Arkema released its full-year 2024 results: sales totaled €9.5 billion, remaining stable year-on-year. Volumes increased by 2.4%, driven by growth in Asia’s specialty materials business. EBITDA reached €1.532 billion, with an EBITDA margin of 16.1%, slightly up year-on-year. Recently, Arkema has invested in several major growth initiatives—including acquiring PIAM’s polyimide business, acquiring Ashland’s and Dow’s adhesives businesses, and adding new capacity within its Advanced Materials division—to serve attractive markets such as bio-based consumer goods, new energy, electrification, 3D printing, and sports.

In-Depth Market Research Report on Global and Chinese Chlor-Alkali Equipment Industry and Outlook for Future Development (2026 New Edition)

Figure 70: Competitive Landscape of Chinese Chlor-Alkali Auxiliary Equipment Suppliers—Gas Treatment Units (Unit: 10,000 tons/year) Figure 71: Types and Functions of Environmental Protection and Safety Equipment for Chlor-Alkali Plants Figure 72: Configuration Requirements for Environmental Protection Equipment in Chinese Chlor-Alkali Plants Figure 73: Procurement Demand for Environmental Protection Equipment in Chinese Chlor-Alkali Plants, 2023–2025 (Unit: RMB ten thousand) Figure 74: Configuration Requirements for Safety Equipment in Chinese Chlor-Alkali Plants Figure 75: Procurement Demand for Safety Equipment in Chinese Chlor-Alkali Plants, 2023–2025 (Unit: RMB ten thousand) Figure 76: Policies Supporting Energy-Saving Retrofitting of Chlor-Alkali Equipment Figure 77: Technical Advantages of Oxygen Cathode Electrolyzers Figure 78: Typical Application Cases of High-Efficiency Hydrogen Recovery Systems for By-Product Hydrogen in Chlor-Alkali Projects Figure 79: Typical Application Cases of ORC Low-Temperature Waste Heat Power Generation Systems in the Chlor-Alkali Industry Figure 80: Typical Application Cases of Membrane-Based Chlor-Alkali–Chlorate Cogeneration Figure 81: Modular Design of Chlor-Alkali Equipment—Reducing Construction Costs and Project Timelines Figure 82: Intelligent Control of Chlor-Alkali Equipment—Real-Time Optimization and Energy Consumption Reduction Figure 83: Architectural Framework for Intelligent Information Management Systems for Chlor-Alkali Equipment Figure 84: Architectural Design of Chlor-Alkali Smart Factories Figure 85: Supporting Requirements for Intelligence and Digitalization of Chlor-Alkali Equipment Figure 86: Representative Case of a Chinese Chlor-Alkali Smart Factory—Chongqing Yingtianhui Figure 87: Economic Benefits of a Digitized Chlor-Alkali Workshop—Chongqing Yingtianhui Figure 88: Importance of Operation and Maintenance for Chlor-Alkali Equipment Figure 89: Online Monitoring Instruments for Chlor-Alkali Equipment Figure 90: Full-Life-Cycle Management System for Chlor-Alkali Equipment Figure 91: Comparative Analysis of Global and Chinese Chlor-Alkali Equipment Manufacturers in 2025 (Units: JPY 100 million, EUR 100 million, USD 100 million, RMB 100 million) Figure 92: Basic Information on Asahi Kasei Corporation (Japan) Figure 93: Revenue Trend of Asahi Kasei Corporation (Japan), FY2021–FY2025 (Unit: JPY 10 billion) Figure 94: Asahi Kasei’s Chlor-Alkali Equipment and Ion Exchange Membranes Figure 95: Basic Information on Asahi Glass Company (AGC), Japan Figure 96: AGC’s Revenue and Net Profit, 2020–2025 (Unit: JPY 100 million) Figure 97: AGC’s Business Segment Breakdown Figure 98: Analysis of AGC’s Core Businesses in 2025 (Units: JPY 100 million, %) Figure 99: AGC’s Investment Layout in China Figure 100: Basic Information on De Nora (Italy) Figure 101: De Nora’s Revenue and Net Profit, 2021–2025 (Unit: EUR 100 million) Figure 102: De Nora’s Ion-Exchange Membrane Electrolyzers Figure 103: De Nora’s Electrolyzer Cathode Coatings Figure 104: Basic Information on ThyssenKrupp AG Figure 105: Financial Performance of ThyssenKrupp AG (Germany), FY2017–FY2025 (Unit: EUR million) Figure 106: ThyssenKrupp’s Business Layout in Chlor-Alkali Equipment Figure 107: Basic Information on INEOS Group Figure 108: INEOS Group’s Financial Performance Figure 109: INEOS BICHLOR Series Electrolyzers Figure 110: Technical Specifications and Performance Parameters of INEOS BICHLOR Series Electrolyzers