Cyclical demand and macro slowdown
Construction, automotive, and industrial customers cut orders when growth weakens or financing costs rise.
- Scope
- Polyurethanes and Performance Products volumes
- Materiality
- high
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.
2,7 %
13,2 %
−5,0 %
−5,8 %
1.30
0.78
| % | |
|---|---|
| Polyurethanes | 65% Isocyanates, polyols, and polyurethane systems used in insulation, construction, furniture, footwear, and industrial applications. |
| Performance Products | 17% Amines and maleic anhydride sold into consumer and industrial end markets, including chemical intermediates and specialty applications. |
| Advanced Materials | 18% Specialty resins, adhesives, composites, and formulations for aerospace, automotive, electronics, and general industry. |
Huntsman sells to a broad base of industrial customers, including insulation, construction, furniture, footwear,...
- Insulation, construction, furniture and footwearprimary
Buy polyurethane chemicals and systems for foam, insulation, comfort, and durability applications.
- Automotive and transportationprimary
Buy specialty resins, adhesives, and polyurethane solutions for lightweighting, durability, and electronics.
- Aerospacesecondary
Buys certified specialty resins, curing agents, and toughening systems for high-performance structural applications.
- General industrial and consumer applicationssecondary
Buys adhesives, composites, and specialty chemistries for equipment, electronics, DIY, and leisure products.
- Chemical intermediates and downstream processorssecondary
Buy amines and maleic anhydride as inputs for further chemical processing and formulation.
Huntsman is a global business with sales in more than 90 countries and manufacturing across North America, EAME, and...
- •Sales reach more than 90 countries, reducing dependence on any single market
- •Manufacturing footprint spans North America, EAME, and APAC
- •Technology centers in Switzerland, Texas, New Hampshire, and China support R&D
- •Downstream polyurethane systems houses are located near customers
- •Global footprint helps serve multinational accounts and local distributors
Huntsman’s strategy centers on specialty, application-driven chemistry rather than commodity volume alone, using...
01
Grow specialty and application-driven productsmedium-term
Differentiated chemistries and formulations support pricing power and customer stickiness.
02
Expand technical service and customer supportshort-term
Technical support is a key differentiator in fragmented markets where performance matters.
03
Protect free cash flow and liquidityshort-term
Cash generation funds debt service, dividends, buybacks, and strategic investment.
Huntsman is exposed to cyclical demand in construction, automotive, industrial, and chemical end markets, so macro...
Raw material supply and price volatility
Key inputs such as PO and other feedstocks can be disrupted or become more expensive.
- Scope
- Polyurethanes production economics
- Materiality
- high
Cybersecurity and IT disruption
Operations, supply chain, and financial processes depend on interconnected systems and third parties.
- Scope
- Manufacturing, logistics, and customer service
- Materiality
- medium
Integration and portfolio execution
The company has a history of acquisitions and divestitures, which can create integration and separation risk.
- Scope
- Synergies, customer retention, and stranded costs
- Materiality
- medium
Discontinued operations
Reported revenue and earnings are not directly comparable across periods
Non-GAAP adjustments
Underlying operating performance may differ materially from GAAP results
Income taxes and valuation allowances
Tax expense may not track pre-tax earnings in a straightforward way
Impairment and plant closing costs
Can affect operating income and segment comparability
: 28.4.2026