Huntsman CORP
Huntsman Corporation is a U.S.-based global chemicals company formed around businesses founded by Jon M. Huntsman in 1970. It operates through three reportable segments—Polyurethanes, Performance Products, and Advanced Materials—supplying specialty chemicals, formulations, and intermediates used to improve insulation, durability, adhesion, and energy efficiency across industrial markets.
Fiscal year 2025 · change from previous year
Development 2020–2025
Business
Share of revenueIsocyanates, polyols, and polyurethane systems used in insulation, construction, furniture, footwear, and industrial applications.
Amines and maleic anhydride sold into consumer and industrial end markets, including chemical intermediates and specialty applications.
Specialty resins, adhesives, composites, and formulations for aerospace, automotive, electronics, and general industry.
Products
Reported · share of revenue- Diversified82.8 %
- Specialty17.2 %
Source: 10-K FY2025, revenue the company reports per product line (SEC XBRL). Shares are of the lines shown and add up to 100 %.
Customers
Huntsman sells to a broad base of industrial customers, including insulation, construction, furniture, footwear, automotive, aerospace, electronics, and general industrial users. The company also serves distributors and agents that reach smaller end customers, while larger accounts often buy directly and require technical support, certification, and application engineering.
Buy polyurethane chemicals and systems for foam, insulation, comfort, and durability applications.
Buy specialty resins, adhesives, and polyurethane solutions for lightweighting, durability, and electronics.
Buys certified specialty resins, curing agents, and toughening systems for high-performance structural applications.
Buys adhesives, composites, and specialty chemistries for equipment, electronics, DIY, and leisure products.
Buy amines and maleic anhydride as inputs for further chemical processing and formulation.
Strategy
Huntsman’s strategy centers on specialty, application-driven chemistry rather than commodity volume alone, using technical service and customer-specific formulations to defend pricing and retention. Management also emphasizes free cash flow, disciplined capital allocation, and selective investment in businesses tied to energy efficiency, aerospace, automotive, and other differentiated end markets.
Differentiated chemistries and formulations support pricing power and customer stickiness.
Technical support is a key differentiator in fragmented markets where performance matters.
Cash generation funds debt service, dividends, buybacks, and strategic investment.
Geography
Q1/2026Huntsman is a global business with sales in more than 90 countries and manufacturing across North America, EAME, and APAC. The company also maintains technology centers in Basel, The Woodlands, Merrimack, and Shanghai, which support product development and customer-specific formulation work close to major end markets.
Share of the revenue the company reports by geography.
Risks
Huntsman is exposed to cyclical demand in construction, automotive, industrial, and chemical end markets, so macro slowdowns, inflation, and high interest rates can pressure volumes and margins. The company also faces raw material supply risk, cyber and IT disruption risk, and execution risk from acquisitions, divestitures, and global operations across multiple regions.
- Cyclical demand and macro slowdownImpact: HighLikelihood: High
Construction, automotive, and industrial customers cut orders when growth weakens or financing costs rise.
Exposure: Polyurethanes and Performance Products volumes
- Raw material supply and price volatilityImpact: HighLikelihood: Medium
Key inputs such as PO and other feedstocks can be disrupted or become more expensive.
Exposure: Polyurethanes production economics
- Cybersecurity and IT disruptionImpact: HighLikelihood: Medium
Operations, supply chain, and financial processes depend on interconnected systems and third parties.
Exposure - Integration and portfolio executionImpact: MediumLikelihood: Medium
The company has a history of acquisitions and divestitures, which can create integration and separation risk.
Exposure
Accounting
Judgemental itemsThe Textile Effects Business sale removes historical results from continuing operations and complicates trend analysis.
Impact: Reported revenue and earnings are not directly comparable across periods
Adjusted EBITDA and adjusted net loss exclude acquisition, restructuring, and other items that can be material.
Impact: Underlying operating performance may differ materially from GAAP results
Loss jurisdictions without recognized tax benefits can create volatile effective tax rates.
Impact: Tax expense may not track pre-tax earnings in a straightforward way
Chemical businesses often face asset rationalization and restructuring charges tied to portfolio changes.
Impact: Can affect operating income and segment comparability
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Last updated: 24/09/2026