20 Companies! Chemical Giants’ 2024 Performance Summary!

Notably, on January 15, DuPont announced it would no longer pursue the spin-off of its water solutions business and instead continue advancing the spin-off of its electronics business. Celanese On February 18, global chemical and specialty materials company Celanese reported full-year 2024 net sales of $10.3 billion, down 6% year-on-year—primarily driven by persistently weak global demand across key end markets including automotive, paints & coatings, construction, and industrial sectors, posing headwinds throughout the year. Full-year consolidated operating loss amounted to $697 million; adjusted EBIT was $1.6 billion (down 6% YoY); and EBITDA stood at $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—aligning 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—significantly exceeding current market expectations of €130 million (VARA consensus) by 22%. Accordingly, full-year 2024 EBITDA before special items is expected to reach approximately €614 million—up roughly 20% year-on-year and at the upper end of the previously guided 10–20% growth range. Q4 performance was primarily boosted by stronger-than-expected December sales, particularly driven by customer pre-purchasing. This early-sales effect occurred mainly in the U.S., targeting 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 reached $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; Q1 revenue was $1.47 billion, with a net loss of $37 million. Syensqo On February 27, Syensqo published 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%, primarily driven by volume growth (+3%); EBITDA stood at €298 million, up 5% organically, with contributions from both the Materials & Consumer Goods and Resources businesses. Additionally, in 2025, Syensqo will continue evaluating various initiatives to accelerate value creation—including asset divestitures—to evolve into a more focused specialty chemicals company.

MDI’s Year-Long Low Prices Force Unavoidable Adjustments—Here’s How Huntsman Plans to Respond

Huizheng Information: In 2024, MDI prices remained low, compelling traditional producers to adopt responsive strategies to maintain sufficient competitiveness amid surging future capacity and rapidly shifting market dynamics. Recently, Huntsman’s 2024 financial report revealed mounting pressures facing its MDI and polyurethanes businesses—bringing these challenges squarely into industry focus. Huntsman’s Q4 2024 revenue totaled $1.452 billion, with a net loss of $141 million. For the full year 2024, Huntsman recorded revenue of $6.036 billion—down 1.3% year-on-year—and a net loss of $189 million (compared to net income of $101 million in the prior year). Adjusted net loss stood at $13 million, and adjusted EBITDA was $414 million—down 12.3% year-on-year. Only Q2 generated net income; all other quarters posted losses, resulting in an overall net loss for the full year. From a business segment perspective, the Polyurethanes division—the Group’s core business unit—accounted for 58% of total 2024 revenue. Its full-year EBITDA margin contracted by 320 basis points year-on-year to 11.2%. The Performance Materials division saw revenue decline by 9.4%, while the Advanced Materials division’s EBITDA fell by 28%. Related reading: The Challenges Behind Huntsman’s Results: Structural Cost Reduction Embarks on Market Restructuring High energy costs, excessive regulatory burdens, and overcapacity have severely impacted the European industry. Entering 2025, the construction and automotive markets—which together account for roughly two-thirds of Huntsman’s business portfolio—remain sluggish. According to Peter R. Huntsman, Chairman, President, and CEO, Huntsman’s core markets remain at a trough. Accordingly, the company will continue aggressively reducing costs—including announcing workforce reductions within the Polyurethanes division—and begin evaluating strategic options for its European maleic anhydride business, while also closing downstream polyurethanes manufacturing facilities.

Huntsman: Q2 Earnings Snapshot

Jul 30, 2026

Huntsman Corporation reported a Q2 adjusted loss of $6 million, though revenue of $1.66 billion surpassed analyst forecasts. The chemical company missed earnings per share expectations despite beating top-line projections.

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