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Westlake Corporation  (WLK)
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Westlake's

Competitiveness


 

WLK Sales vs. its Competitors Q4 2023



Comparing the current results to its competitors, Westlake reported Revenue decrease in the 4 quarter 2023 year on year by -14.34 %, faster than the overall decrease of Westlake's competitors by -5.05 %, recorded in the same quarter.

List of WLK Competitors





Revenue Growth Comparisons




Net Income Comparison


Westlake Corporation, slower than the average decrease reported by the company's competitors of -33.96 %. recorded a net loss and most of the company's competitors saw a decline in earnings by -33.96 %

<<  WLK Stock Performance Comparisons


Westlake's Comment on Competitors and Industry Peers


The markets in which our Vinyls business operates are highly competitive. Competition in the vinyls market is based on product availability, product performance, customer service and price. We compete in the vinyls market with other producers including Formosa Plastics Corporation, Oxy Chem, LP, Shintech, Inc., Olin Corporation, Mexichem, S.A.B. de C.V., INOVYN ChlorVinyls Limited, VYNOVA Group and Kem One Group SAS.
Competition in the building products market is based on on-time delivery, product quality, product innovation, customer service, product consistency and price. We compete in the building products market with other producers and fabricators including Diamond Plastics Corporation, JM Eagle, Ply Gem Holdings, Inc., CertainTeed Corporation, IPEX Inc., Associated Materials LLC and CPG International, LLC.

The markets in which our Olefins business operates are highly competitive. We compete on the basis of customer service, product deliverability, quality, consistency, performance and price. Our competitors in the ethylene, polyethylene and styrene markets are some of the worlds largest chemical companies, including Chevron Phillips Chemical Company, The Dow Chemical Company, ExxonMobil Chemical Company, INEOS Group Limited, LyondellBasell Industries, N.V. and NOVA Chemicals Corporation.





  

Overall company Market Share Q4 2023

Overall company, revenue fell by -14.34 % and company lost market share, to approximately 10.13 %.




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

  News about Westlake Corporation Contracts

Westlake Royal Building Products Unveils DaVinci Roofscapes at IBS 2024: Setting New Standards of Durability and Elegance

Combining the articles:Westlake Royal Building Products Showcases DaVinci Roofscapes Composite Products at 2024 International Builders Show (IBS)HOUSTON - Westlake Royal Building Products (Westlake Royal), a Westlake company (NYSE:WLK), takes center stage at the 2024 International Builders Show (IBS), Booth C3819, as they proudly display their exquisite line of DaVinci Roofscapes composite slate and shake roof tiles. Among these remarkable offerings, Province Slate, the company's popular single-width slate product from DaVinci, will be prominently featured in the Westlake Royal roofing section of the booth. These premium composite roof tiles are meticulously crafted to sustain their beauty and durability eve...

Westlake Royal Building Products Unveils Game-Changing Material List Generator at International Roofing Expo

Westlake Royal Building Products Introduces Material List Generator at International Roofing ExpoHOUSTON - Westlake Royal Building Products, a premium brand of Westlake Royals Roofing Solutions, has unveiled an innovative Material List Generator at the International Roofing Expo. This intuitive system aims to simplify the estimating process for Unified Steel Stone Coated Roofing, an ultra-lightweight roofing system that combines the durability of steel with superior structural strength.The newly introduced Material List Generator exclusively caters to Unified Steel, offering a comprehensive solution for estimating material quantities and costs. This cutting-edge tool will greatly enhance the efficiency and a...

Westlake Royal Building Products Forges Stronger Distribution Network with U.S. LUMBER and Amerhart to Fuel Growth and Innovation

Westlake Royal Building Products Expands Partnership with U.S. LUMBER and Amerhart to Enhance Distribution Network
Westlake Royal Building Products (Westlake Royal) has announced an expanded partnership with U.S. LUMBER and Amerhart, two leading distributors of building materials. As part of this agreement, U.S. LUMBER and Amerhart will now distribute a wider range of Westlake Royal's top brands, including [insert specific brand names]. This collaboration aims to strengthen Westlake Royal's distribution network and provide customers with increased access to high-quality building materials.
This expanded partnership comes at a time when Westlake Royal is facing tough competition in the market. Accordi...

Westlake Corporation Balances ESG Commitments with Financial Challenges, Emerging Stronger in Sustainability Journey



Westlake Corporation (NYSE: WLK) has once again showcased its commitment to sustainability with the release of its 2022 Environmental, Social, and Governance (ESG) report. This annual update marks the sixth consecutive year that Westlake has provided insights into its sustainability advances and initiatives across its products and operations. In a bid to provide comprehensive information, Westlake has incorporated metrics established by the Global Reporting Initiative (GRI) and the Sustainability Accounting Standards Board (SASB) into their report.
One significant milestone worth highlighting is Westlake's recent participation in the Task Force on Climate-Related Disand. By engaging in this imp...





Who are Westlake Corporation's Competitors?




Olin Corporation
Share Performance



+5.31%
This Year



Olin Corporation
Profile

Olin Corporation's business model focuses on manufacturing and distributing chemicals and ammunition products globally.

More about Olin Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 7,367.067 mill. $ 6,833.000 mill. $ 452.000 mill.


Huntsman Corporation
Share Performance



-1.13%
30 Days



Huntsman Corporation
Profile

Huntsman Corporation operates as a global manufacturer and marketer of differentiated chemicals. The company focuses on producing and selling a wide range of chemical products across various industries, including chemicals for plastics, coatings, textiles, detergents, and automotive markets. Huntsman's business model aims to meet customer needs through innovation, efficiency, and global distribution channels.

More about Huntsman Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 4,504.246 mill. $ 6,111.000 mill. $ 153.000 mill.


Quaker Chemical Corporation
Share Performance



-0.46%
Over The Past 5 Days



Quaker Chemical Corporation
Profile

Quaker Chemical Corporation operates through a business model that involves providing specialty chemicals and related services to various industries.

More about Quaker Chemical Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 3,661.207 mill. $ 1,969.758 mill. $ 16.702 mill.


Eastman Chemical Co
Share Performance



+12.13%
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
$ 11,962.174 mill. $ 9,210.000 mill. $ 896.000 mill.


Ppg Industries Inc
Share Performance



-1.62%
This Year



Ppg Industries Inc
Profile

PPG Industries Inc operates through three main business segments: Performance Coatings, Industrial Coatings, and Glass. The company provides a wide range of paints, coatings, and specialty materials for various industries including automotive, aerospace, construction, packaging, and industrial manufacturing, serving customers globally.

More about Ppg Industries Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 34,396.822 mill. $ 18,246.000 mill. $ 1,309.000 mill.


Parker hannifin Corporation
Share Performance



+0.16%
Over The Past 5 Days



Parker hannifin Corporation
Profile

Parker Hannifin Corporation's business model revolves around designing, manufacturing, and marketing a broad range of motion and control systems for various industries.

More about Parker hannifin Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 72,460.032 mill. $ 19,826.043 mill. $ 2,633.167 mill.


Ashland Inc
Share Performance



+16.33%
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
$ 5,236.211 mill. $ 2,191.000 mill. $ 178.000 mill.


Adm Tronics Unlimited Inc
Share Performance



0.00%
This Year



Adm Tronics Unlimited Inc
Profile

Adm Tronics Unlimited Inc's business model revolves around providing advanced electronic and electro-optic systems, products, and services to various industries.

More about Adm Tronics Unlimited Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 6.272 mill. $ 2.845 mill. $ -0.717 mill.


Celanese Corporation
Share Performance



+10.86%
30 Days



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
$ 18,203.281 mill. $ 10,940.000 mill. $ 1,964.000 mill.


Innospec Inc
Share Performance



+5.48%
This Year



Innospec Inc
Profile

Innospec Inc's business model revolves around providing innovative specialty chemicals and performance chemicals to various industries globally.

More about Innospec Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 3,222.273 mill. $ 1,963.900 mill. $ 126.800 mill.


Newmarket Corporation
Share Performance



+13.91%
This Quarter



Newmarket Corporation
Profile

Newmarket Corporation's business model revolves around the manufacturing, marketing, and sale of specialty chemicals and additives primarily in the petroleum and agricultural industries. They aim to provide customers with innovative solutions and high-quality products to meet their specific needs and improve their operational efficiency.

More about Newmarket Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 6,012.776 mill. $ 2,697.513 mill. $ 388.864 mill.


Occidental Petroleum Corporation
Share Performance



+1.85%
Over The Past 5 Days



Occidental Petroleum Corporation
Profile

Occidental Petroleum Corporation operates as an international oil and gas exploration and production company, primarily focused on the United States and Middle East regions. It engages in the exploration, development, and production of oil and gas reserves, with a focus on maximizing shareholder value through efficient and responsible operations.

More about Occidental Petroleum Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 78,254.626 mill. $ 28,257.000 mill. $ 5,619.000 mill.


Westlake Chemical Partners Lp
Share Performance



+0.73%
One Year



Westlake Chemical Partners Lp
Profile

Westlake Chemical Partners LP operates as a limited partnership that acquires, develops, and operates ethylene production facilities and related assets. The company primarily leverages long-term supply agreements with its parent company, Westlake Chemical Corporation, to generate stable, fee-based cash flows.

More about Westlake Chemical Partners Lp's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 785.420 mill. $ 1,190.791 mill. $ 334.626 mill.


Trecora Resources
Share Performance



+21.71%
This Year



Trecora Resources
Profile

Trecora Resources operates through two primary segments: Petrochemical and Specialty Waxes. The Petrochemicals segment produces high-purity hydrocarbons and other petrochemical products. The Specialty Waxes segment manufactures and sells specialty polyethylene and polypropylene based waxes and provides custom processing services.

More about Trecora Resources's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 231.516 mill. $ 301.319 mill. $ 8.991 mill.



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