2025 ASI Top 20: Huntsman Corp.
Image courtesy of Huntsman.
Founded by Jon M. Huntsman in 1970, Huntsman is a specialty chemicals provider that posted revenues of approximately $6.064 billion in 2024, compared to approximately $6.135 billion in 2023. The company operates in three product segments: Polyurethanes, Performance Products, and Advanced materials. In 2024, the Polyurethanes segment accounted for 64% of revenue. The Performance Products segment was 18% of 2024 revenue. The Advanced Materials segment accounted for 18% of the company’s 2024 revenue.
Huntsman’s Advanced Materials division produces polymer resin systems and adhesives. The division total sales for 2024 of approximately $1.06 billion. Among the end-markets served by this division are infrastructure, general industry, automotive, commodity, and aerospace.
Among the brands within the Advanced Materials division is ARALDITE® high-performance adhesive technologies.
NOTES: In April 2024, Huntsman announced that its production site in Monthey, Switzerland had implemented a mass balance concept and achieved REDcert certification, covering the production of epoxy resins products used in a variety of consumer and industrial markets. Also in April 2024, Huntsman introduced a new range of SHOKLESS™ polyurethane foam technologies designed to enhance the structural and thermal protection of electric vehicle (EV) batteries at the cell, module, and pack levels.
In June 2024, the company opened a new 11,000-square-meter innovation center in Tienen, Belgium, enhancing its R&D capabilities and commitment to regional customers. The facility, staffed by over 100 scientists from the company's Polyurethanes and Performance Products businesses and will support the application of Huntsman technologies in key markets, including adhesives, coatings and sealants; automotive; elastomers; energy; furniture and bedding, and insulation.
Opening image courtesy of Huntsman Corp.
Huntsman Corp.
The Woodlands, Texaswww.huntsman.com
President and CEO: Peter R. Huntsman
Sources: company website, 10K form, press releases
More on Huntsman Corp.
- Huntsman to Close Maleic Anhydride Facility in Moers, Germany
- Huntsman Expands Global Business Services Center in Poland
- Huntsman Names New Division President of Huntsman Polyurethanes
- Huntsman Polyurethanes Receives ISCC+ Certification for TPU Production Sites in Germany and China
- Huntsman Names President of Performance Products Division
- Huntsman Opens Innovation Center in Belgium
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