DOW 53.7 (-1.32%)
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Last update on 2024-03-05

Dow (DOW) Explained

An Overview of DOW: Its Business Strategy, Core Products, Major Competitors, and Essential Insights into its Role in the Chemicals Industry

Dow Chemical is a diversified global chemicals producer that was formed in 2019 as a result of the DowDuPont merger and subsequent separations. The firm is a leading producer of several chemicals, including polyethylene, ethylene oxide, and silicone rubber. Its products have numerous applications in both consumer and industrial end markets.

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Current Business Strategy

Dow's current strategy focuses on becoming the most innovative, customer-centric, inclusive, and sustainable materials science company. The company aims to achieve this through investments in key growth sectors, such as packaging, infrastructure, and consumer care, while driving improvements in efficiency and sustainability. Dow seeks to leverage its global scale, innovative technology, and diverse team to develop leading-edge materials solutions that address global challenges.

Most known Products

Here is the list of the 5 most well-known products of Dow (DOW):

  • STYROFOAM: STYROFOAM is a brand of extruded polystyrene foam (XPS) owned and manufactured by Dow. It is widely used as thermal insulation in buildings and construction, known for its excellent insulation properties, moisture resistance, and strength.
  • SARAN Wrap: SARAN Wrap is a plastic wrap typically used for sealing food items in containers to keep them fresh. It is known for its clinginess, strength, and flexibility, making it a staple in kitchens around the world.
  • GREAT STUFF Foam: GREAT STUFF Foam is a line of polyurethane-based insulating foam sealants that are used for sealing gaps and cracks around the home to prevent air, water, and insect infiltration, thereby improving energy efficiency.
  • TYRIN CPE: TYRIN Chlorinated Polyethylene (CPE) is a material used for its durability, flexibility, and resistance to heat, chemicals, and weathering. It is commonly used in the automotive industry, wire and cable jackets, and roofing membranes.
  • UCON Fluids and Lubricants: UCON Fluids and Lubricants are a range of products based on polyalkylene glycols (PAGs). They are known for their excellent lubricity, high thermal stability, and low toxicity, making them suitable for a wide range of industrial and automotive lubricant applications.

Competitors

Here is the list of the main 5 competitors of Dow (DOW):

  • BASF: BASF is one of Dow's main competitors, being the world's largest chemical producer. It operates in similar segments such as chemicals, materials, industrial solutions, and surface technologies, creating a competitive dynamic in various markets and industries.
  • DUPONT: Dupont competes directly with Dow in the materials science sector, offering a broad range of innovative products and solutions in areas like electronics, transportation, construction, water, and healthcare.
  • LYONDELLBASELL: LyondellBasell is a leading player in the plastics, chemicals, and refining sectors, directly competing with Dow in many of the same product categories, including polymers and intermediate chemicals.
  • SABIC: SABIC is a global leader in diversified chemicals headquartered in Riyadh, Saudi Arabia. It competes with Dow in terms of product offerings across chemicals, polymers, agri-nutrients, and metals, serving similar markets globally.
  • 3M: 3M competes with Dow in several areas, especially in the manufacture of adhesives, sealants, and other chemical-based products. Although its focus is broader, including healthcare and consumer goods, in the areas where their businesses overlap, 3M stands as a formidable competitor.

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