Huntsman Corp.

Company Overview

Huntsman Corp. produces organic and inorganic chemical products. The company operates businesses via its subsidiary, Huntsman International LLC. It functions across five segments: Polyurethanes, Advanced Materials, Performance Products, and Textile Effects.

The company’s products consist of a wide range of chemicals and formulations for consumer and industrial customers. The company’s products are used in adhesives, digital inks, aerospace, construction products, automotive, personal care and hygiene, packaging, durable and non-durable consumer products, electronics, medical, paints and coatings, power generation, refining, synthetic fiber, textile chemicals and dye industries. Its product lines include methylene diphenyl diisocyanate (MDI), amines, surfactants, maleic anhydride, epoxy-based polymer formulations, textile chemicals, dyes, titanium dioxide and color pigments.

The company is also engaged in a range of polyurethane chemicals, including MDI products, propylene oxide, polyols, propylene glycol and thermoplastic polyurethane. Its polyurethane products include insulation in construction and appliances, cushioning for automotive and furniture, adhesives, footwear, wood binders for construction and furniture and other specialized engineering applications.

The company also processes PO into derivative products such as polyols for polyurethane products and PG. End uses for these derivative products include applications in the home furnishings, construction, appliances, packaging, automotive and transportation, food, paints and coatings and cleaning products industries. It produces methyl tert-butyl ether (MTBE) as a coproduct of its PO manufacturing process.

The company, through its Performance Products segment, is engaged in the manufacture of amines, surfactants and maleic anhydride. Its product families include amines; maleic anhydride (including catalyst and licensing); surfactants (including linear alkyl benzene [LAB] and upstream intermediates). Its amines include epoxy curing agents, agrochemicals, oil exploration and production, and fuel and lubricant additives. The company licenses maleic anhydride manufacturing technology and supplies butane fixed bed catalysts used in maleic anhydride manufacturing. It consumes internally-produced and third-party-sourced base petrochemicals in the manufacture of its surfactants, LAB and ethanolamines products. Its surfactants are primarily used in detergency, personal care, agrochemical, oilfield and industrial applications. It manufactures LAB for use as an intermediate in laundry detergents. It also uses internally-produced and third-party-sourced base petrochemicals to produce ethylene glycol, which is primarily used in the production of polyester fibers, PET packaging and antifreeze.

The Advanced Materials segment manufactures and markets epoxy, acrylic and polyurethane-based polymer products. It focuses on formulations and systems for various industrial and consumer applications. It sells primarily in aerospace, automotive, liquid natural gas transport, coatings and construction, printed circuit boards, consumer and industrial electronics, consumer and industrial appliances, wind power generation, consumer/DIY, electrical power transmission and distribution, recreational sports equipment, medical appliances and food and beverage packaging industries.

Financial Highlights (FY 2023)

Company's Business Segments

• Polyurethanes : This segment includes MDI, Polyols, TPU.
• Performance Products : This segment includes Amines, Maleic anhydride.
• Advanced Materials : This segment includes Technologically Advanced Epoxy, Phenoxy, acrylic, Polyurethane and Acrylonitrilebutadiene-based Polymer Formulations. High performance Thermoset Resins, Curing and Toughening Agents and Carbon Nanotubes Additives.