Comparing the current results to its competitors, W R Grace And Co reported Revenue increase in the 2 quarter 2021 by 22.5 % year on year. The revenue growth was below W R Grace And Co 's competitors' average revenue growth of 58 %, achieved in the same quarter.
W R Grace And Co 's Comment on Competition and Industry Peers
Our global footprint allows us to partner effectively with both multi-national
and regional companies requiring multiple manufacturing facilities complimented
by regional technical expertise in local languages. There are many manufacturers
of engineered materials that market their products on a global basis including
Evonik, PQ, and UOP. Competition is generally based on product performance,
technical service, quality and reliability, price, and other differentiated
product features to address the needs of customers, end-users and brand owners.
Our products compete on the basis of distinct technology, product quality, and
customer support. Competition for these products is highly fragmented, with
a large number of companies that sell their products on a global or regional
basis.
The polyolefin catalyst and supports industry is technology-intensive, and
suppliers must provide products formulated to meet customer specifications.
There are many manufacturers of polyolefin catalysts and supports including
Univation, LyondellBasell, Albemarle and PQ, and most sell their products worldwide.
Competition in the hydroprocessing catalyst industry is based on technology,
product performance, customer service and price. Criterion, Albemarle, Haldor
Topsoe, UOP and Axens are our leading global competitors in hydroprocessing
catalysts. We also have multiple regional competitors.
Competition in FCC catalysts and additives is based on technology, product
performance, customer service and price. Our principal global FCC catalyst competitors
are Albemarle Corp., BASF, and SINOPEC. Our principal global competitors in
FCC additives are BASF and Johnson Matthey. We also have multiple regional competitors
for FCC catalysts and additives.
Albemarle Corporation operates as a specialty chemical company, primarily focusing on the production and sale of lithium, bromine, and catalysts. The companys business model centers on leveraging its technological expertise and innovative solutions to provide essential chemicals that meet the diverse needs of industries such as energy storage, automotive, and pharmaceuticals on a global scale.
Celanese Corporation operates as a global leader in specialty materials and chemicals, providing a diverse array of innovative products and solutions tailored for various industries. Its business model emphasizes collaboration and advanced technology development, focusing on enhancing performance and sustainability for customers while leveraging its extensive global presence to deliver value-added solutions.
Gevo Inc's business model involves the production, commercialization, and development of sustainable, low-carbon renewable chemicals and advanced biofuels.
LyondellBasell Industries N.V. operates as a leading multinational chemical company focused on the production of a wide range of polymers, chemicals, and refining products. The companys business model emphasizes the utilization of its extensive global reach, technological innovation, and operational efficiency to provide high-quality materials and sustainable solutions for diverse industries. By prioritizing research and development, LyondellBasell aims to meet evolving market demands while minimizing environmental impact through sustainable practices.
Sources:
W R Grace and co’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
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