20 Companies! Summary of Chemical Giants’ 2024 Financial Performance!

Notably, DuPont announced on January 15 that it no longer intends to spin off its water solutions business, instead proceeding with the planned spin-off of its electronics business. Celanese On February 18, Celanese—a global chemical and specialty materials company—reported 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. Full-year consolidated operating loss amounted to $697 million; adjusted EBIT was $1.6 billion, down 6% year-on-year; and operating EBITDA totaled $2.4 billion, with corresponding margins of (7)%, 16%, and 23%. Additionally, Celanese announced plans to cease production and shut down its Mylar specialty film manufacturing operation in Luxembourg—a 50/50 joint venture with Teijin—consistent 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 (VARA) of €130 million. Accordingly, full-year 2024 EBITDA before non-recurring items is expected to reach approximately €614 million—about 20% higher than the prior year—and at the upper end of the previously guided growth range of 10–20%. The strong Q4 performance was driven primarily by better-than-expected December sales, especially due to customer pre-purchasing. This advance-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 reported its 2024 financial results: full-year revenue totaled approximately $6.0 billion, with a net loss of $189 million. In Q4 2024 alone, revenue reached $1.452 billion, while net loss attributable to Huntsman was $141 million; adjusted net loss attributable to Huntsman was $43 million, and adjusted EBITDA stood at $71 million. Huntsman’s quarterly results for the first three quarters of 2024 were 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%, primarily driven by 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%, largely attributable to volume growth (+3%); EBITDA was €298 million, up 5% organically, with contributions from both the Materials and Consumer & Resources businesses. Additionally, in 2025, Syensqo will continue evaluating various initiatives to accelerate value creation—including asset divestitures—to become a more focused specialty chemicals company.

Top 20 Global Chemical Companies by Revenue in 2025

Ecolab reported its fiscal 2025 fourth-quarter and full-year results. Q4 net sales were $4.196 billion, up 5% year-on-year from $4.005 billion. Quarterly operating profit was $712 million, up 22% from $583 million in the prior-year period. Net income attributable to Ecolab was $564 million, up 19% from $473 million. Full-year net sales totaled $16.081 billion, up 2% from $15.741 billion in 2024. Full-year operating profit was $2.738 billion, down 2% from $2.802 billion. Net income attributable to Ecolab was $2.076 billion, down 2% from $2.112 billion. Westlake Corporation reported its fiscal 2025 fourth-quarter and full-year results. Q4 net sales were $2.533 billion, down from $2.843 billion in the prior-year quarter. Net loss attributable to Westlake was $544 million, improved from a net loss of $782 million. Full-year net sales totaled $11.17 billion, down from $12.142 billion. Net loss attributable to Westlake was $1.508 billion, compared to net income of $602 million in the prior year. International Flavors & Fragrances Inc. (IFF) reported its fiscal 2025 fourth-quarter and full-year results. Q4 net sales were $2.589 billion, down 7% year-on-year from $2.771 billion. Quarterly operating profit was $97 million, down 24% from $127 million. Net income attributable to IFF shareholders was $18 million, versus a net loss of $60 million in the prior-year quarter. Full-year net sales totaled $10.89 billion, down 5% from $11.184 billion. Full-year operating loss was $382 million, compared to operating income of $766 million. Net loss attributable to IFF shareholders was $374 million, versus net income of $263 million in the prior year. Celanese reported its fiscal 2025 fourth-quarter and full-year results. Q4 net sales were $2.204 billion, down from $2.358 billion in the prior-year quarter. Quarterly operating profit was $93 million, versus an operating loss of $1.419 billion. Net income was $22 million, versus a net loss of $1.922 billion. Full-year net sales totaled $9.544 billion, down from $10.268 billion. Full-year operating loss was $786 million, versus $720 million in the prior year. Net loss was $1.151 billion, versus $1.534 billion in the prior year. Eastman Chemical Company reported its fiscal 2025 fourth-quarter and full-year results. Q4 sales were $1.973 billion, down from $2.245 billion in the prior-year quarter. Net income attributable to Eastman was $105 million, down from $330 million. Full-year sales totaled $8.752 billion, down from $9.382 billion. Net income attributable to Eastman was $474 million, down from $905 million.

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