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This chart shows Albemarle Corp’s Revenue by Segment, across Bromine Specialties, Catalysts, Energy storage, Ketjen, Lithium and Specialties segments, reported quarterly from Q1 2016 onwards.
Albemarle Corp’s Revenue by Segment
Albemarle Corporation, a Virginia-based chemical manufacturer and distributor, specializes in developing, producing, and marketing advanced specialty chemicals for various end markets, catering to clients’ specific requirements.
|Segment||2022 Q4||2023 Q1|
(All figures in USD millions)
Albemarle Corporation launched Ketjen as its wholly-owned subsidiary, which includes revenue generated from the Catalysts segment. The company also established two new segments i.e. Energy storage and Specialties. The Energy storage segment includes the company’s Lithium business, while the Specialties segment includes the Bromine business.
Bromine and bromine-based business unit offers fire safety solutions, specialty chemicals, and industrial applications, including flame-resistant plastics, electrical connectors, textiles, and foam insulation. Bromine has a wide range of uses, ranging from fire retardants to water treatment, oilfield chemicals, and more.
Albemarle Corporation’s catalysts segment includes Clean Fuel Technologies (CFT), Hydroprocessing catalysts (HPC), and Performance Catalyst and Curative Solutions (PCS). CFT uses hydroforming catalysts for heavy oil conversion, HPC uses FCC and additives, and PCS uses organometallic and curative compounds for various applications.
Albemarle Corporation is a top energy storage provider, focusing on lithium-ion batteries, consumer electronics, and lithium carbonate, lithium metal, and bromine compounds. The company is expected to experience growth in its Energy Storage segment due to rising demand for storage solutions.
Ketjen segment offers high-quality catalysts for oil, gas, petrochemicals, refining, and specialty chemicals sectors. Offering safe, reliable solutions, including catalytic cracking fluid, clean, hydro-processing, organometallic, and curatives, it boosts productivity and increases business value.
The Lithium segment focuses on developing and manufacturing base lithium compounds, including lithium carbonate and chloride, as well as cesium-based products for chemical and pharmaceutical applications and zinc, barium, and titanium-based products for pyrotechnic applications like airbag initiators.
Albemarle Corporation’s Specialty segment includes Bromine Specialties, Lithium Specialties, and Performance Catalysts, producing products for fire safety, water treatment, oilfield production, and various industries.
About Albemarle Corporation
Albemarle Corporation, founded in 1993, is a publicly-traded company with a diverse range of end markets. They excel in energy storage, oil refining, consumer electronics, construction, automotive, lubricants, pharmaceuticals, and crop protection. Albemarle manufactures flame retardant chemical technologies and antioxidants to improve lubricant shelf life and stability. The company has production facilities in the US, China, Belgium, Germany, France, and the UK. It is listed on the New York Stock Exchange under the ticker symbol “ALB”.
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