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Omnova Solutions Inc's Business Segments
Omnova Solutions Inc's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Segment Data As of Q1 FY2020
Reportable Segments
2
Largest Segment
Specialty Solutions
Total Revenue
$ 156
Regions Reported
3
Revenue Share by Reportable Segment - Q1 FY2020
- Specialty Solutions72.5%
- Performance Materials27.5%
Revenue by Reportable Segment - Q1 FY2020
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Specialty Solutions | $ 113 | 72.5% |
| Performance Materials | $ 43 | 27.5% |
Revenue Share by Region - Q1 FY2020
- Americas60.3%
- Europe24.5%
- Asia15.2%
Revenue by Geographic Region - Q1 FY2020
| Region | Revenue (Millions) | % of Total |
|---|---|---|
| Americas | $ 94 | 60.3% |
| Europe | $ 38 | 24.5% |
| Asia | $ 24 | 15.2% |
Description of Omnova Solutions Inc
Omnova Solutions Inc. is an American company that designs, produces, and markets a wide range of specialty chemicals and functional surfaces used in various applications around the world. The company was founded in 1999 and is headquartered in Beachwood, Ohio, with manufacturing facilities, research and development centers, and sales offices throughout North America, Europe, and Asia.
Omnova Solutions operates in two primary business groups, Performance Chemicals and Engineered Surfaces. The Performance Chemicals group offers products that are designed to enhance performance, sustainability, and cost-effectiveness in industries such as coatings, adhesives, sealants, oil & gas, construction, and paper. The Engineered Surfaces group focuses on producing functional surfaces that offer aesthetic, tactile, or performance benefits for products such as flooring, upholstery, and wall coverings in the transportation, commercial, and residential markets.
Omnova Solutions has a broad product portfolio including emulsion polymers, specialty rubbers, synthetic resins, specialty additives, and functional coatings. The company's products are used in various applications such as paints, coatings, laminates, adhesives, and roofing materials. Some of the well-known brands under Omnova Solutions include Pliogrip®, Hydro Pliolite®, Wingstay®, and GenFlo®.
The company's Performance Chemicals group is known for its green and eco-friendly products, which are produced using sustainable chemistry practices. This has made Omnova a leader in environmentally-friendly and sustainable products, which is attractive to customers who are increasingly concerned about the environment.
Overall, Omnova Solutions has a strong presence in the speciality chemical and functional surfaces markets, with a global reach and an extensive product portfolio that addresses various industry needs. The company is committed to innovation and sustainability and is continually focused on developing new and advanced products that deliver value to customers while minimizing the environmental impact.
Omnova Solutions operates in two primary business groups, Performance Chemicals and Engineered Surfaces. The Performance Chemicals group offers products that are designed to enhance performance, sustainability, and cost-effectiveness in industries such as coatings, adhesives, sealants, oil & gas, construction, and paper. The Engineered Surfaces group focuses on producing functional surfaces that offer aesthetic, tactile, or performance benefits for products such as flooring, upholstery, and wall coverings in the transportation, commercial, and residential markets.
Omnova Solutions has a broad product portfolio including emulsion polymers, specialty rubbers, synthetic resins, specialty additives, and functional coatings. The company's products are used in various applications such as paints, coatings, laminates, adhesives, and roofing materials. Some of the well-known brands under Omnova Solutions include Pliogrip®, Hydro Pliolite®, Wingstay®, and GenFlo®.
The company's Performance Chemicals group is known for its green and eco-friendly products, which are produced using sustainable chemistry practices. This has made Omnova a leader in environmentally-friendly and sustainable products, which is attractive to customers who are increasingly concerned about the environment.
Overall, Omnova Solutions has a strong presence in the speciality chemical and functional surfaces markets, with a global reach and an extensive product portfolio that addresses various industry needs. The company is committed to innovation and sustainability and is continually focused on developing new and advanced products that deliver value to customers while minimizing the environmental impact.
Omnova Solutions Inc. is a prominent global manufacturer that specializes in the production of emulsion polymers, specialty chemicals, and laminates, tailored to serve various industries including construction, transportation, healthcare, and packaging. The company’s diverse offerings can be systematically categorized into several segments, each comprising a wide range of products and services designed to meet the specific requirements of their clients. Below is an expansive description of the segments, products, and services that Omnova Solutions Inc. provides:
1. Performance Chemicals Segment
The Performance Chemicals Segment is a cornerstone of Omnova’s product offerings, supplying a spectrum of specialty chemicals crucial for multiple industries. Key products include:
- Vinyl Acetate and Acrylic Emulsions: These water-based emulsions are widely used in adhesives, paints, coatings, and sealants due to their excellent bonding properties and environmentally friendly profiles.
- Latexes: These products are versatile and play vital roles in coatings, textiles, and construction materials, providing durability and performance enhancements.
- Adhesives: A range of adhesives designed for various applications, ensuring strong bonds and longevity in diverse settings such as construction and automotive.
Specialty Solutions Segment
Focused on delivering specialized chemical solutions, this segment responds to the unique demands of specific industries, including:
- Oilfield Chemicals: Customized formulations that enhance drilling and extraction processes, such as surfactants and corrosion inhibitors.
- Resins: High-performance resin solutions for applications in coatings, adhesives, and sealants, providing improved strength and flexibility.
- Film Laminates: Specialized laminates that serve various purposes, including protective films for industrial applications.
Decorative Products Segment
The Decorative Products Segment centers on providing high-quality laminates designed for aesthetic and functional surfaces. Highlights include:
- Laminates for Furniture: A wide array of designs, textures, and colors making them suitable for cabinetry and shelving.
- Flooring Solutions: Durable and visually appealing laminate products that cater to both residential and commercial flooring needs.
- Countertops: Elegant laminate surfaces designed for ease of maintenance and appeal in kitchens and workspaces.
Performance Materials Segment
This segment is dedicated to high-performance materials essential for production across varied applications. Key products include:
- Polymer Additives: Enhancers that improve the functionalities of base materials, including processing aids and stabilizers.
- High-Performance Coatings: Coatings that provide exceptional resistance to abrasion, weather, and chemicals, suitable for industrial and consumer applications.
- Elastomers: Flexible materials that offer both tensile strength and elasticity, used in automotive, industrial, and consumer goods manufacturing.
Engineered Surfaces Segment
The Engineered Surfaces Segment specializes in innovative coated fabrics. Products include:
- Coated Fabrics: Materials designed for robust applications within automotive interiors, healthcare environments, and hospitality settings, providing both durability and aesthetic appeal.
- Foam-Backed Materials: Added cushioning and support suited for various applications ranging from furniture to soundproofing solutions.
- Flooring: Engineered surfaces for both commercial and residential settings that require durable and easy-to-maintain options.
Comprehensive Services
Beyond its extensive product offerings, Omnova Solutions Inc. encompasses a range of services aimed at enhancing customer satisfaction and facilitating product integration:
- Technical Support: Offering expertise and advice to clients to ensure optimal application and performance of products.
- Product Development: Collaborating with customers to innovate and tailor products that meet specific market demands and operational requirements.
- Custom Design Services: Working closely with clients to craft unique solutions, ensuring the final products align perfectly with their vision and functional aspirations.
In summary, Omnova Solutions Inc. stands out through its commitment to quality, innovation, and customer-centric solutions across its extensive portfolio of products and services. The companys expertise in developing tailored solutions allows it to cater effectively to the diverse needs of various markets worldwide.
1. Performance Chemicals Segment
The Performance Chemicals Segment is a cornerstone of Omnova’s product offerings, supplying a spectrum of specialty chemicals crucial for multiple industries. Key products include:
- Vinyl Acetate and Acrylic Emulsions: These water-based emulsions are widely used in adhesives, paints, coatings, and sealants due to their excellent bonding properties and environmentally friendly profiles.
- Latexes: These products are versatile and play vital roles in coatings, textiles, and construction materials, providing durability and performance enhancements.
- Adhesives: A range of adhesives designed for various applications, ensuring strong bonds and longevity in diverse settings such as construction and automotive.
Specialty Solutions Segment
Focused on delivering specialized chemical solutions, this segment responds to the unique demands of specific industries, including:
- Oilfield Chemicals: Customized formulations that enhance drilling and extraction processes, such as surfactants and corrosion inhibitors.
- Resins: High-performance resin solutions for applications in coatings, adhesives, and sealants, providing improved strength and flexibility.
- Film Laminates: Specialized laminates that serve various purposes, including protective films for industrial applications.
Decorative Products Segment
The Decorative Products Segment centers on providing high-quality laminates designed for aesthetic and functional surfaces. Highlights include:
- Laminates for Furniture: A wide array of designs, textures, and colors making them suitable for cabinetry and shelving.
- Flooring Solutions: Durable and visually appealing laminate products that cater to both residential and commercial flooring needs.
- Countertops: Elegant laminate surfaces designed for ease of maintenance and appeal in kitchens and workspaces.
Performance Materials Segment
This segment is dedicated to high-performance materials essential for production across varied applications. Key products include:
- Polymer Additives: Enhancers that improve the functionalities of base materials, including processing aids and stabilizers.
- High-Performance Coatings: Coatings that provide exceptional resistance to abrasion, weather, and chemicals, suitable for industrial and consumer applications.
- Elastomers: Flexible materials that offer both tensile strength and elasticity, used in automotive, industrial, and consumer goods manufacturing.
Engineered Surfaces Segment
The Engineered Surfaces Segment specializes in innovative coated fabrics. Products include:
- Coated Fabrics: Materials designed for robust applications within automotive interiors, healthcare environments, and hospitality settings, providing both durability and aesthetic appeal.
- Foam-Backed Materials: Added cushioning and support suited for various applications ranging from furniture to soundproofing solutions.
- Flooring: Engineered surfaces for both commercial and residential settings that require durable and easy-to-maintain options.
Comprehensive Services
Beyond its extensive product offerings, Omnova Solutions Inc. encompasses a range of services aimed at enhancing customer satisfaction and facilitating product integration:
- Technical Support: Offering expertise and advice to clients to ensure optimal application and performance of products.
- Product Development: Collaborating with customers to innovate and tailor products that meet specific market demands and operational requirements.
- Custom Design Services: Working closely with clients to craft unique solutions, ensuring the final products align perfectly with their vision and functional aspirations.
In summary, Omnova Solutions Inc. stands out through its commitment to quality, innovation, and customer-centric solutions across its extensive portfolio of products and services. The companys expertise in developing tailored solutions allows it to cater effectively to the diverse needs of various markets worldwide.
