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

As of March 1, global chemical giants—including BASF, Dow, Covestro, Arkema, DuPont, Huntsman, Lanxess, Celanese, Syensqo, Trinseo, INEOS, Honeywell, Clariant, Eastman, SABIC, Chemours, LyondellBasell, ExxonMobil, LG Chem, and Avient—have released their 2024 financial reports. Given market conditions in 2024, several giants announced a series of cost-cutting measures. Specifically: BASF On February 28, BASF released its full-year 2024 financial results. Total sales for 2024 amounted to €65.3 billion (approximately RMB 49.649 billion), down from €68.9 billion in 2023—a decrease of €3.6 billion. EBITDA stood at €6.7 billion, down €500 million year-on-year (€7.2 billion in 2023); EBIT was €2.0 billion, down €206 million; net income reached €1.3 billion, significantly higher than €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 reduction of $1.6 billion; 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 released its fiscal 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—meeting expectations; net profit was -€266 million (compared to -€198 million in the prior year), while free operating cash flow stood at €89 million (down from €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; and 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—stable compared to 2023—driven by volume growth of 2.4% 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 the acquisition of PIAM’s polyimide business, the acquisition of Ashland’s and Dow’s adhesive businesses, and new capacity expansions within its Advanced Materials division—targeting attractive markets such as bio-based consumer goods, new energy, electrification, 3D printing, and sports.

2026 Global Polyurethane Foam Blowing Agents Market Analysis: Sales Estimated at ~$3.1 Billion, Trending Toward Low-GWP and High-Performance Solutions [Chart]

Table of Contents 1 Overview of the Polyurethane Foam Blowing Agents Market 1.1 Product Definition and Scope of Statistics 1.2 Polyurethane foam blowing agents are mainly categorized by foaming principle as follows: 1.2.1 Growth Trends of Polyurethane Foam Blowing Agents in China by Foaming Principle: 2021 vs. 2025 vs. 2032 1.2.2 Chemical Blowing Agents 1.2.3 Physical Blowing Agents 1.3 Polyurethane foam blowing agents are mainly categorized by chemical composition as follows: 1.3.1 Growth Trends of Polyurethane Foam Blowing Agents in China by Chemical Composition: 2021 vs. 2025 vs. 2032 1.3.2 Isocyanate-Based Agents 1.3.3 Azodicarbonamide and Other Azocompounds 1.3.4 Carbonate-Based Agents 1.3.5 Hydrochlorofluorocarbons (HCFCs) 1.3.6 Hydrofluorocarbons (HFCs) 1.3.7 Others 1.4 Polyurethane foam blowing agents are mainly categorized by foam type as follows: 1.4.1 Growth Trends of Polyurethane Foam Blowing Agents in China by Foam Type: 2021 vs. 2025 vs. 2032 1.4.2 Blowing Agents for Rigid Foam 1.4.3 Blowing Agents for Flexible Foam 1.5 Polyurethane foam blowing agents are applied across the following end-use sectors: 1.5.1 Growth Trends of Polyurethane Foam Blowing Agents in China by Application: 2021 vs. 2025 vs. 2032 1.5.2 Furniture & Bedding 1.5.3 Construction & Insulation 1.5.4 Transportation 1.5.5 Apparel & Luggage 1.5.6 Industrial Applications 1.5.7 Others 1.6 Current Status and Future Trends of Polyurethane Foam Blowing Agents in China (2021–2032) 1.6.1 Revenue and Growth Rate of Polyurethane Foam Blowing Agents in China (2021–2032) 1.6.2 Sales Volume and Growth Rate of Polyurethane Foam Blowing Agents in China (2021–2032) 2 Analysis of Key Polyurethane Foam Blowing Agents Manufacturers in the Chinese Market 2.1 Sales Volume and Market Share of Key Manufacturers in China 2.1.1 Sales Volume of Key Manufacturers in China (2021–2026) 2.1.2 Market Share of Key Manufacturers’ Sales Volume in China (2021–2026) 2.2 Revenue and Market Share of Key Manufacturers in China 2.2.1 Revenue of Key Manufacturers in China (2021–2026) 2.2.2 Market Share of Key Manufacturers’ Revenue in China (2021–2026) 2.2.3 Ranking of Key Manufacturers’ Revenue in China (2025) 2.3 Average Selling Price of Polyurethane Foam Blowing Agents by Key Manufacturers in China (2021–2026) 2.4 Headquarters and Production Locations of Key Manufacturers in China 2.5 Founding Years and Commercialization Dates of Polyurethane Foam Blowing Agents by Key Manufacturers in China 2.6 Product Types and Applications of Polyurethane Foam Blowing Agents Offered by Key Manufacturers in China

RBC Downgrades Chemours to Sector Perform From Outperform, Cuts Price Target to $14 From $22

Oct 13, 2026

RBC Capital Markets downgraded Chemours to Sector Perform and lowered its price target to $14 from $22 due to a revised outlook. The company currently retains an average overweight rating with a mean price target of $17.64.

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