Huntsman is a global manufacturer of diversified organic chemical products, operating primarily in three segments: Polyurethanes, Performance Products, and Advanced Materials. The company produces a variety of chemicals and formulations used by industrial and building product manufacturers. Its products are applied in industries such as adhesives, aerospace, automotive, coatings, construction, electronics, and insulation. Key product lines include MDI (methylene diphenyl diisocyanate), amines, maleic anhydride, and epoxy-based formulations.
Huntsman generates revenue by manufacturing and selling these chemical products to a broad range of industrial clients. The primary customers include manufacturers in the construction, automotive, and aerospace industries, among others. The company operates through Huntsman International, a wholly-owned subsidiary, with production facilities located in the U.S., Europe, and China. Its operational structure is segmented into Polyurethanes, Performance Products, and Advanced Materials, each focusing on specific chemical products and markets.
Key factors impacting Huntsman's business performance include the availability and cost of raw materials such as benzene, chlorine, and propylene oxide. Additionally, competition from major chemical companies like BASF, Covestro, Dow, and Lubrizol plays a significant role. Huntsman differentiates itself through customer support and technical service, which are crucial for maintaining its market position.