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Flexible Solutions International Inc  (FSI)
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Flexible Solutions International Inc's

Competitiveness


 

FSI Sales vs. its Competitors Q2 2022



Comparing the current results to its competitors, Flexible Solutions International Inc reported Revenue increase in the 2 quarter 2022 by 27.25 % year on year.
The sales growth was above Flexible Solutions International Inc's competitors' average revenue growth of 10.97 %, achieved in the same quarter.

List of FSI Competitors

With a net margin of 16.84 % Flexible Solutions International Inc achieved higher profitability than its competitors.

More on FSI Profitability Comparisons



Revenue Growth Comparisons




Net Income Comparison


Flexible Solutions International IncNet Income in the 2 quarter 2022 grew year on year by 26.53%, faster than the Flexible Solutions International Inc's competitors average income growth of 1 %

<<  FSI Stock Performance Comparisons


Flexible Solutions International Inc's Comment on Competitors and Industry Peers


HEATSAVR® and ECOSAVR™

Although we are aware of two other companies that manufacture products that compete with HEATSAVR® and ECOSAVR®, we believe our products are more effective and safer. We maintain fair pricing equal to or lower than our competitors and protect our intellectual property carefully. Our products are expected to maintain or increase market share in the competitive pool market.

HEATSAVR® also competes with plastic pool blanket products. However, we believe that HEATSAVR® is more effective and convenient than pool blankets.

WATERSAVR®

Ultimate Products (Aust) Pty Ltd. of Australia has a product called Aquatain that directly competes with WATERSAVR®. We believe our WATERSAVR® product is superior for the following reasons: it is safer, much less expensive and has much better test data. Aquatain has not expended the capital to test for environmental effects on insects and other aquatic life whereas WATERSAVR® has recognized third party environmental safety documentation.

As water conservation is an important priority throughout the world, numerous researchers are working to develop solutions that may compete with, or be superior to, WATERSAVR.

TPAs

Our TPA products have direct competition with Lanxess AG (spun out of Bayer AG), a German manufacturer of TPAs, which uses a patented process different from ours. We have cross-licensed each other’s processes and either company can use either process for the term of the patents involved. We believe that Lanxess has approximately the same production capacity and product costs as we do. We believe that we can compete effectively with Lanxess by offering excellent customer service in oilfield sales, superior distributor support in the agricultural marketplace and flexibility due to our relative size. In addition, we intend to continue to seek market niches that are not the primary targets of Lanxess.

Our TPA products face indirect competition from other chemicals in every market in which we are active. For purposes of oilfield scale prevention, phosphonates, phosphates and molibdonates provide the same effect. For crop enhancement, increased fertilizer levels or reduced concentrations can serve as a substitute for TPAs. In irrigation scale control, acid washes are our prime competitor. In detergent, poly-acrylic acid is most often used due to price advantage. Notwithstanding the above, we believe our competitive advantages include:

Biodegradability compared to competing oil field chemicals;
Cost-effectiveness for crop enhancement compared to increased fertilizer use;
Environmental considerations, ease of formulation and increased crop yield opportunities in irrigation scale markets; and
Biodegradability compared to poly-acrylic acid for detergents.




  

Overall company Market Share Q2 2022

Due to strong revenue growth of 27.25 % in Overall company Flexible Solutions International Inc improved its market share, to approximately 0.03 %.


<<  More on FSI Market Share.
 
*Market share is calculated based on total revenue.





Who are Flexible Solutions International Inc's Competitors?




Ashland Inc
Share Performance



+13.97%
This Year



Ashland Inc
Profile

Ashland Inc operates as a global specialty chemicals company, providing innovative solutions to various industries. Their business model involves developing and distributing specialty chemicals, performance products, and materials. With a focus on customer-centricity and collaboration, Ashland strives to meet the unique needs of their clients and enhance their products and processes.

More about Ashland Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 5,129.734 mill. $ 2,191.000 mill. $ 178.000 mill.


Celanese Corporation
Share Performance



+4.91%
This Year



Celanese Corporation
Profile

Celanese Corporation operates as a global specialty materials and chemicals company, delivering a wide range of products and solutions to various industries. The company's business model is focused on innovation and collaboration, developing advanced materials and technologies that enhance the performance and sustainability of its customers' products. Celanese utilizes its global presence and customer-centric approach to provide value-added solutions, enabling it to maintain a competitive advantage within the market.

More about Celanese Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 17,752.656 mill. $ 10,940.000 mill. $ 1,964.000 mill.


Carlisle Companies Incorporated
Share Performance



+66.07%
One Year



Carlisle Companies Incorporated
Profile

Carlisle Companies Incorporated operates as a diversified manufacturing company that supplies a range of products to various industries globally. Its business model is focused on acquiring and integrating companies that manufacture niche products and possess expertise in their respective markets. By leveraging these acquisitions, Carlisle aims to generate consistent revenue growth and enhance its profitability through operational efficiencies and market expansion opportunities.

More about Carlisle Companies Incorporated's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 18,393.714 mill. $ 5,419.100 mill. $ 736.100 mill.


Dow Inc
Share Performance



+11.65%
This Quarter



Dow Inc
Profile

Dow Inc's business model focuses on the production and sale of a wide range of chemicals, materials, and plastics for various industries.

More about Dow Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 40,755.927 mill. $ 44,622.000 mill. $ 660.000 mill.


Ecolab Inc
Share Performance



+17.58%
This Quarter



Ecolab Inc
Profile

Ecolab Inc operates through three business segments: Global Industrial, Global Institutional, and Global Energy. The company provides water, hygiene, and energy technologies and services to a variety of industries, including food and beverage, healthcare, hospitality, and energy.

More about Ecolab Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 65,354.713 mill. $ 15,320.200 mill. $ 1,393.000 mill.


Eastman Chemical Co
Share Performance



+3.27%
This Year



Eastman Chemical Co
Profile

Eastman Chemical Co's business model involves the production and sale of advanced materials, specialty chemicals, and additives. By leveraging their technical expertise and innovation, they aim to provide solutions that enhance the efficiency and sustainability of various industries.

More about Eastman Chemical Co's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 11,016.849 mill. $ 9,210.000 mill. $ 896.000 mill.


Fuller H B Co
Share Performance



-0.18%
Over The Past 5 Days



Fuller H B Co
Profile

Fuller H B Co operates with a business model that focuses on manufacturing and distributing high-quality industrial adhesives and coatings. The company aims to meet the needs of a wide range of industries by providing innovative and reliable solutions, while maintaining strong customer relationships. Their business model also includes investing in research and development to stay at the forefront of technological advancements in the adhesives and coatings industry.

More about Fuller H B Co's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 4,407.045 mill. $ 3,510.897 mill. $ 144.988 mill.


Gcp Applied Technologies Inc.
Share Performance



+1.62%
Over The Past 5 Days



Gcp Applied Technologies Inc.
Profile

GCP Applied Technologies Inc. utilizes a business model that centers around providing advanced construction products and technologies to various industries worldwide. The company offers a range of products that enhance performance, durability, and efficiency in construction projects, including cement additives, concrete admixtures, and specialty chemicals. GCP operates through a direct sales force and strategic distribution channels, ensuring wide market reach and customer satisfaction.

More about Gcp Applied Technologies Inc.'s Market Share

Market Cap. Revenues TTM Net Income TTM
$ 2,371.941 mill. $ 999.600 mill. $ 11.200 mill.


Honeywell International Inc
Share Performance



-2.36%
This Quarter



Honeywell International Inc
Profile

Honeywell International Inc operates as a diversified technology and manufacturing company. Through its various business segments, it designs, produces, and sells a wide range of products and solutions across industries such as aerospace, building technologies, performance materials, and safety and productivity solutions. The company focuses on delivering innovative solutions to its customers, providing long-term value, and driving sustainable growth.

More about Honeywell International Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 131,436.609 mill. $ 36,662.000 mill. $ 5,672.000 mill.


Hawkins Inc
Share Performance



+3.95%
Over The Past 5 Days



Hawkins Inc
Profile

Hawkins Inc operates as a specialty chemical company, providing solutions to a wide array of industries. Their business model revolves around sourcing, manufacturing, and distributing chemicals, as well as offering expert technical expertise and support to their customers. By delivering tailored chemical solutions and fostering long-term relationships, Hawkins aims to meet the unique needs of various sectors, including industrial, pharmaceutical, and personal care.

More about Hawkins Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 1,573.067 mill. $ 924.287 mill. $ 89.899 mill.


Materion Corporation
Share Performance



+20.17%
One Year



Materion Corporation
Profile

Materion Corporation operates as a global supplier of highly engineered advanced materials. The company focuses on developing, manufacturing, and marketing various materials, including precious and non-precious metals, as well as specialty alloys and inorganic chemicals. Materion serves a wide range of industries such as aerospace, defense, automotive, medical, and electronics by providing unique material solutions and technical expertise.

More about Materion Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 2,682.581 mill. $ 1,665.042 mill. $ 95.702 mill.


Rpm International Inc
Share Performance



+7.66%
This Quarter



Rpm International Inc
Profile

RPM International Inc operates as a holding company with subsidiaries in various industries, primarily focused on specialty coatings and sealants.

More about Rpm International Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 14,820.454 mill. $ 7,111.729 mill. $ 505.909 mill.


Viavi Solutions Inc
Share Performance



+7.86%
This Quarter



Viavi Solutions Inc
Profile

Viavi Solutions Inc operates as a provider of network testing, monitoring, and assurance solutions for telecommunications service providers, enterprises, and government entities. The company offers a range of products and services that help ensure the efficiency, performance, and security of network infrastructures.

More about Viavi Solutions Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 2,147.835 mill. $ 1,006.400 mill. $ -29.100 mill.



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