20 Companies! Chemical Giants’ 2024 Performance Summary!

Celanese On February 18, global chemical and specialty materials company Celanese announced full-year 2024 net sales of $10.3 billion, down 6% year-on-year—primarily due to persistently weak global demand across key end markets including automotive, paints & coatings, construction, and industrial sectors, which weighed on performance throughout the year. For 2024, the company reported a consolidated operating loss of $697 million; adjusted EBIT was $1.6 billion (down 6% YoY); and operating EBITDA was $2.4 billion, with corresponding margins of (7)%, 16%, and 23%. Additionally, Celanese announced its intention to cease production and shut down its Mylar specialty film manufacturing operation in Luxembourg—a 50/50 joint venture with Teijin. This move aligns with the company’s core principle of exiting high-cost facilities. Lanxess On January 20, Lanxess issued a preliminary earnings announcement, forecasting Q4 2024 EBITDA of approximately €159 million—22% above the current market consensus of €130 million (VARA consensus). Accordingly, full-year 2024 EBITDA before non-recurring items is expected to reach approximately €614 million, up about 20% year-on-year and at the upper end of the previously guided 10–20% growth range. Q4 results were primarily driven by stronger-than-expected December sales, especially due to customer pre-purchasing. This early-sales effect occurred mainly in the U.S., particularly for products from the Specialty Additives and Consumer Protection divisions. Huntsman On February 17, Huntsman Corporation released its 2024 financial results: full-year revenue totaled approximately $6.0 billion, with a net loss of $189 million. In Q4 2024 alone, revenue amounted to $1.452 billion, while net loss attributable to Huntsman was $141 million; adjusted net loss attributable to Huntsman stood at $43 million, and adjusted EBITDA was $71 million. Huntsman’s quarterly performance for the first three quarters of 2024 was as follows: Q3 revenue was $1.54 billion, with a net loss of $33 million; Q2 revenue was $1.574 billion, with net income of $22 million; and Q1 revenue was $1.47 billion, with a net loss of $37 million. Syensqo On February 27, Syensqo released its 2024 financial results: net sales totaled €6.6 billion, reflecting an organic decline of 3%—mainly attributable to price reductions (−4%). EBITDA amounted to €1.4 billion, in line with expectations. In Q4 2024, net sales reached €1.6 billion, representing an organic increase of 2%, driven primarily by volume growth (+3%). EBITDA for the quarter was €298 million, up 5% organically year-on-year, with contributions from both the Materials & Consumer Goods and Resources businesses. Moving into 2025, Syensqo will continue evaluating options to accelerate value creation—including asset divestitures—to become a more focused specialty chemicals company. Building upon the already decided divestiture of its oil & gas business, the company plans to pursue a similar path for its Fragrance & Functional Chemicals business.

Chemours Releases Q4 and Full-Year 2025 Financial Results: Titanium Technologies Profit Down 52%

Recently, Chemours—the global titanium dioxide (TiO₂) leader—released its Q4 and full-year 2025 financial results. Data show that the company achieved full-year net sales of $5.808 billion, essentially flat year-on-year. However, net income attributable to shareholders plunged to a $386 million loss—a staggering 659% decline year-on-year. The primary driver of this loss was over $300 million in provisions related to PFAS litigation settlements and environmental remediation. Excluding these special items, adjusted EBITDA stood at $742 million—down only 3% year-on-year—and demonstrated strong operational resilience amid broad industry headwinds. From a business-segment perspective, performance diverged significantly. Stable net sales were largely supported by volume and price gains—and favorable foreign exchange—in the Thermal & Specialized Solutions (TSS) segment; however, these gains were partially offset by price declines in the Titanium Technologies (TT) segment. The TSS segment emerged as the standout performer for the year. Driven by the U.S. AIM Act accelerating the phaseout of high-GWP refrigerants, sales of Chemours’ Opteon™ eco-friendly refrigerants surged 56% year-on-year to $264 million—propelling full-year TSS revenue up 13% to $2.066 billion and EBITDA up 18% to $670 million. Although Q4 profitability faced pressure due to rising R32 raw material costs, the segment continued to demonstrate robust cash-generating capability. In contrast, the Advanced Performance Materials (APM) segment encountered challenges. Weak downstream demand in electronics and automotive sectors—combined with the company’s proactive production adjustments to safeguard cash flow—reduced cost absorption efficiency. As a result, full-year APM revenue declined 5% to $1.263 billion, and adjusted EBITDA fell 32% year-on-year to $108 million. The Titanium Technologies (TT) segment, meanwhile, entered an industry-wide winter. Global TiO₂ market supply-demand imbalances intensified in 2025, with new capacity continuing to come online and real estate and manufacturing cycles weakening—making pricing pressure the norm. Despite multiple attempts by Chemours to raise prices in 2024, it could not reverse the downward trend. Full-year TT revenue totaled $2.429 billion, down 6% year-on-year; adjusted EBITDA plummeted 52% year-on-year to just $145 million; and overall margin contracted from 12% to 6%, hitting a multi-year low.

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