CVX
2nd
Chevron
$406.50 Bn
205.74
+1.49%
+32.46%
The company manufactures and markets commodity petrochemicals, plastics for industrial uses, and produces olefins, polyolefins, and aromatics.
LIN
Linde
$220.67 Bn
478.70
+0.92%
+0.04%
Linde is the largest industrial gas company worldwide, producing and distributing atmospheric gases (oxygen, nitrogen, argon) and process gases (hydrogen, helium, carbon dioxide) to industrial, healthcare, and energy customers.
E
2nd
Eni Spa
$164.92 Bn
55.99
-0.05%
+60.25%
Through its subsidiary Versalis, the company produces basic chemicals, plastics, and elastomers, which are bulk commodity chemicals sold to industrial customers.
SCCO
2nd
Southern Copper
$156.72 Bn
187.84
-2.22%
+101.25%
The company produces sulfuric acid as a by-product of its smelting and refining processes, which contributes to overall sales.
GLW
Corning
$137.74 Bn
159.90
-7.70%
+144.05%
Corning is a materials science company that manufactures formulated specialty glass and ceramic products, such as cover glass for mobile devices and materials for semiconductor manufacturing. These are high-margin, application-specific products differentiated by performance, fitting the Specialty Chemicals definition for advanced engineered materials.
PSX
2nd
Phillips 66
$97.13 Bn
243.43
+1.18%
+98.17%
Through its 50 percent equity interest in Chevron Phillips Chemical Company, the company produces and markets bulk petrochemicals and polymers such as ethylene, propylene, and aromatics for industrial customers.
SHEL
2nd
Shell
$85.45 Bn
92.03
+0.51%
+28.70%
The company's Downstream segment includes the manufacturing and marketing of petrochemicals, which are bulk commodity chemicals sold to industrial customers.
SHW
Sherwin Williams
$83.83 Bn
345.26
-1.33%
-3.79%
The company develops, manufactures, and sells a broad portfolio of architectural paints, stains, varnishes, and industrial coatings. Its revenue is derived from selling these finished coatings to professional contractors, industrial manufacturers, and retail consumers through its Paint Stores Group and Consumer Brands Group.
ITW
2nd
Illinois Tool Works
$81.08 Bn
284.70
-0.93%
+9.83%
The Polymers & Fluids segment produces engineered adhesives and sealants for automotive aftermarket and general industrial applications.
ECL
2nd
Ecolab
$78.51 Bn
280.10
+1.53%
+0.01%
The company develops and sells high-value chemical formulations, including detergents, sanitizers, disinfectants, and specialty programs for the petroleum and fuels industry.
HON
2nd
Honeywell International
$72.17 Bn
227.71
-0.76%
+11.64%
Within its Process Automation and Technology segment, Honeywell manufactures and sells catalysts and specialty chemicals used in refining and chemical processing.
SSL
2nd
Sasol
$71.54 Bn
11.86
+1.02%
+105.19%
The company produces bulk commodity chemicals including polymers, methanol, ammonia, ethylene, polyethylene, and polypropylene for global customers.
APD
Air Products & Chemicals
$67.52 Bn
303.22
+0.80%
+5.23%
The company is a global provider of industrial gases, specifically supplying oxygen, nitrogen, argon, hydrogen, and specialty gases. Its revenue is generated through on-site gas production, merchant gas distribution, and the sale of these gases to industrial manufacturers and refineries.
NUE
2nd
Nucor
$59.92 Bn
264.12
-3.16%
+82.59%
Nucor operates an industrial gas business through Universal Industrial Gases, providing industrial gas services as a distinct revenue stream.
OXY
2nd
Occidental Petroleum
$59.65 Bn
59.82
+1.30%
+35.31%
Through its OxyChem subsidiary, the company manufactures bulk commodity chemicals including ethylene, propylene, polyethylene, and polyvinyl chloride (PVC) for industrial applications.
CTA-PB
Eidp
$56.57 Bn
65.15
-0.02%
-6.65%
The company develops and sells commercial seeds with advanced traits and crop protection products including herbicides, insecticides, and fungicides. These products are sold directly to farmers and agricultural businesses to improve crop yield and protect against pests and disease.
CTVA
Corteva
$51.99 Bn
77.92
+2.53%
+7.79%
Corteva develops and markets a broad portfolio of crop protection chemicals, including herbicides, insecticides, and fungicides, as well as commercial seeds and trait technologies. These products are sold directly to farmers and agricultural distributors to improve crop productivity.
AU
2nd
AngloGold Ashanti
$49.86 Bn
97.88
-1.74%
+82.27%
The company sells sulphuric acid, a by-product of its mining operations in Brazil, to industrial users.
NTR
Nutrien
$33.40 Bn
69.40
+1.63%
+22.40%
Nutrien is a global leader in crop nutrients, operating dedicated segments for Potash, Nitrogen, and Phosphate fertilizers. It mines and processes potash in Saskatchewan and operates ammonia and phosphate production facilities to sell nutrients to third-party customers and its own retail network.
ATI
Ati
$30.83 Bn
226.38
-2.33%
+211.99%
ATI produces highly differentiated specialty materials, including nickel-based superalloys, titanium alloys, and specialty metals like zirconium and hafnium. These are formulated performance materials sold to aerospace, medical, and electronics customers, fitting the description of specialty chemicals and advanced engineered materials.
Q
Qnity Electronics
$27.93 Bn
133.49
-5.19%
—
Qnity manufactures performance and specialty chemicals formulated for specific applications, such as cleaning chemistries, sealants, and thermal management solutions. These products are differentiated by formulation and performance for high-value electronics applications rather than being bulk commodities.
PPG
Ppg Industries
$25.09 Bn
112.86
-0.51%
+1.70%
PPG's core business is the manufacture of finished coatings, including architectural decorative paints, automotive refinish coatings, and protective coatings for ships and bridges. The company operates dedicated segments for Global Architectural Coatings and Performance Coatings, selling to contractors, consumers, and OEMs.
AMRZ
2nd
Amrize
$24.54 Bn
44.63
-2.43%
-11.61%
The company sells liquid-applied coating systems for roof restoration and waterproofing, as well as adhesives, tapes, and sealants through its Gaco brand.
CHD
2nd
Church & Dwight
$23.51 Bn
99.11
+1.15%
+6.80%
Through its Specialty Products Division, the company produces and sells sodium bicarbonate in various grades for industrial applications, which is a bulk commodity chemical.
SQM
2nd
Chemical & Mining Co Of Chile
$21.25 Bn
74.41
-0.93%
+61.31%
The company produces and sells specialty plant nutrients, including potassium nitrate, sodium nitrate, potassium chloride, and sulfate, to agricultural producers and fertilizer distributors.
LYB
LyondellBasell Industries
$21.10 Bn
65.33
+0.91%
+23.38%
The company is a global producer of bulk commodity chemicals and polymers, specifically ethylene and polyethylene produced from ethane and naphtha feedstocks. These high-volume products are sold to packaging and industrial markets and are priced based on commodity cycles.
IFF
International Flavors & Fragrances
$20.68 Bn
80.99
-0.98%
+24.01%
IFF manufactures performance and specialty chemicals formulated for specific applications, including flavors, fragrances, and functional ingredients. These products are sold to manufacturers in the food, beverage, and personal care industries to enhance sensory appeal and product performance.
MKSI
2nd
Mks
$20.30 Bn
300.24
-6.39%
+196.97%
Through its Materials Solutions Division, the company sells advanced chemical processes and specialty chemistry solutions for surface modification, electroless and electrolytic plating, and functional surface finishing for automotive and industrial markets.
DD
DuPont de Nemours
$18.74 Bn
138.80
-3.02%
+353.30%
DuPont manufactures high-performance, application-specific formulated chemicals and materials such as MOLYKOTE specialty lubricants, BETAFORCE structural adhesives, and AMBERLITE ion exchange resins. These products are differentiated by performance and formulation for mission-critical industries rather than being sold as bulk commodities.
CF
CF Industries Holdings
$18.11 Bn
119.67
+1.63%
+41.71%
The company's core business is the production of nitrogen-based products such as anhydrous ammonia, granular urea, and urea ammonium nitrate (UAN) sold primarily as fertilizers to cooperatives and distributors. These products are explicitly described as crop nutrients used for agricultural applications.
FN
2nd
Fabrinet
$17.29 Bn
482.52
-19.46%
+47.51%
Fabrinet designs and fabricates customized optics and glass that are sold separately in the merchant market, which constitutes a specialty engineered materials business.
ALB
2nd
Albemarle
$15.65 Bn
132.66
-0.99%
+59.66%
The company manufactures a wide range of specialty chemicals, including brominated fire safety compounds, bromine specialties for food and water safety, and catalysts for hydroprocessing and fluidized catalytic cracking.
MAS
2nd
Masco
$14.47 Bn
73.38
-0.73%
+0.45%
The company's Decorative Architectural Products segment produces and sells finished architectural coatings, including BEHR paints, primers, stains, and waterproofing products.
RPM
Rpm International
$14.11 Bn
110.53
-1.53%
-10.25%
RPM International manufactures and sells a vast array of finished coatings, paints, adhesives, and sealants, including decorative paints, rust preventive coatings, and industrial corrosion control products. These products are sold to contractors, distributors, and retail channels like home improvement centers.
AVY
Avery Dennison
$13.49 Bn
177.71
+0.59%
+3.17%
Avery Dennison is a leader in materials science, manufacturing pressure-sensitive label materials, performance tapes, and functional materials. These are formulated specialty chemicals and engineered materials sold to converters and manufacturers for specific applications in food, pharmaceutical, and automotive markets.
VIAV
2nd
Viavi Solutions
$10.22 Bn
41.37
-10.57%
+285.73%
The company's Optical Security and Performance Products segment designs and manufactures formulated specialty chemicals, including Optical Variable Pigment (OVP) and Optical Variable Magnetic Pigment (OVMP) used in anti-counterfeiting inks for banknotes.
WLK
Westlake
$9.90 Bn
77.46
-0.88%
-6.99%
Westlake is one of the largest producers of chlor alkali and polyvinyl chloride (PVC) in the world, manufacturing bulk basic chemicals including ethylene, chlorine, caustic soda, polyethylene, and epoxy resins. These high-volume materials are sold as commodity inputs to packaging companies, coating formulators, and other industrial users.
ESI
Element Solutions
$9.09 Bn
37.29
-4.95%
+49.10%
Element Solutions develops and sells specialty chemicals and material process technologies, such as surface mount technology fluxes, thermal management materials, and metal/plastic finishing chemistries. These are formulated, high-margin products sold for specific applications in electronics and industrial surface finishing rather than bulk commodities.
AVTR
2nd
Avantor
$9.04 Bn
13.36
-1.11%
+4.70%
The company manufactures proprietary high-purity specialty chemicals under the J T Baker brand and high-purity silicone via NuSil for human implants and aerospace applications.
EMN
Eastman Chemical
$8.35 Bn
72.99
-1.35%
+10.99%
Eastman describes itself as a specialty materials company and operates an 'Advanced Materials' segment producing differentiated polymers and films like Tritan copolyesters and Saflex interlayers. Its 'Additives & Functional Products' segment further focuses on high-margin, application-specific products such as Therminol specialty fluids and care additives.
HXL
Hexcel
$7.65 Bn
101.19
-1.88%
+64.35%
Hexcel manufactures performance and specialty chemicals including resins, adhesives, and prepregs formulated for high-performance applications. These materials, along with their carbon fiber fabrics, constitute the Composite Materials segment which accounts for approximately 80% of total net sales.
AXTA
Axalta Coating Systems
$7.58 Bn
35.42
-1.94%
+16.17%
Axalta is a global manufacturer of high-performance liquid and powder coatings, including brands like Cromax and Alesta. Its revenue is derived from selling these finished coatings to vehicle body shops, industrial manufacturers, and automotive OEMs.
TWST
2nd
Twist Bioscience
$7.28 Bn
116.10
-6.68%
+314.35%
The company serves the chemicals and materials sector, providing synthetic biology products used for enzyme engineering and sustainable chemical production, generating 93.2 million dollars in revenue from this segment.
ICL
Icl
$6.98 Bn
5.41
-1.10%
-13.58%
ICL Group produces a vast array of crop nutrients, including potash fertilizers, commodity phosphates used as fertilizers, and specialty crop nutrition products like controlled-release and water-soluble fertilizers (e.g., Osmocote and Peters).
MOS
Mosaic
$6.72 Bn
21.15
-0.42%
-34.52%
The company is a leading producer of concentrated phosphate and potash crop nutrients, selling products such as diammonium phosphate, monoammonium phosphate, and muriate of potash to farmers and agricultural distributors.
INGR
2nd
Ingredion
$6.65 Bn
105.43
+1.79%
-15.84%
The company's Texture & Healthful Solutions segment develops innovative, customized formulations, clean label texturizers, and hydrocolloids. These are application-specific performance chemicals used to enhance texture and healthful attributes in food and industrial products.
CSW
2nd
Csw Industrials
$5.94 Bn
331.87
-3.26%
+27.30%
The Specialized Reliability Solutions segment manufactures high-performance specialty lubricants, sealants, and contamination control products like Jet-Lube and Whitmore for industrial assets.
BCPC
Balchem
$5.66 Bn
177.00
-0.77%
+10.67%
Balchem manufactures performance and specialty chemicals formulated for specific applications, including human-grade choline nutrients, specialty vitamin K2, and microencapsulation solutions for the food and pharmaceutical industries. These products are differentiated by formulation and performance rather than bulk commodity pricing.
SXT
Sensient Technologies
$5.53 Bn
129.93
-2.62%
+11.83%
Sensient Technologies is widely known as a manufacturer of specialty chemicals, specifically flavors, colors, and fragrances used in food, beverage, and cosmetic applications. While the provided profile is sparse on product details, the company's operational identity as a provider of high-margin, application-specific formulated chemicals aligns with the Specialty Chemicals classification.
MTRN
2nd
Materion
$5.50 Bn
264.04
-8.34%
+134.02%
The company produces advanced chemicals, vapor deposition targets, and high-temperature braze materials for semiconductor and industrial applications, which are formulated specialty chemicals.
AXTI
2nd
Axt
$5.40 Bn
82.31
-14.23%
+3,876.33%
The company sells high-performance compound materials and critical inputs such as purified gallium, indium phosphide base material, and gallium magnesium alloy to third-party customers for use in their own semiconductor and optoelectronic processes.
PRM
2nd
Perimeter Solutions
$5.21 Bn
31.81
-2.36%
+70.56%
The company produces phosphorus pentasulfide used as a formulated specialty chemical for lubricant additives, pesticide and mining chemicals, and emerging battery technologies.
CE
Celanese
$4.90 Bn
44.64
-0.73%
+3.55%
Celanese is one of the world's largest manufacturers of acetyl products, producing bulk intermediate chemicals such as acetic acid, acetic anhydride, and vinyl acetate monomer. These products are sold as high-volume commodity inputs to various industrial processes, including the production of adhesives and paints.
CENX
2nd
Century Aluminum
$4.52 Bn
45.66
-3.10%
+104.66%
The company operates a carbon anode production facility in the Netherlands and generates revenue from limited third-party sales of these carbon anodes, which are industrial intermediates.
CLMT
Calumet
$4.46 Bn
50.81
+5.09%
+284.05%
Calumet's Specialty Products and Solutions segment manufactures and markets formulated specialty chemicals, including solvents, waxes, customized lubricating oils, and esters, which are sold as raw material inputs for consumer and industrial goods.
MEOH
Methanex
$4.43 Bn
57.55
+0.45%
+69.41%
Methanex is the world's largest producer of methanol, a bulk commodity chemical produced at scale from natural gas and coal. Its revenue is driven by high-volume sales of methanol to industrial customers for use in formaldehyde, acetic acid, and fuel applications, with pricing influenced by global commodity supply and demand.
CBT
Cabot
$4.35 Bn
84.22
-2.53%
+7.18%
Cabot is a specialty chemicals company producing high-margin, application-specific materials such as fumed metal oxides, aerogel, and conductive additives for batteries. These products are formulated for specific performance characteristics in electronics, pharmaceuticals, and automotive applications.
ZGN
2nd
Ermenegildo Zegna
$4.08 Bn
13.48
+0.90%
+68.50%
The company operates a 'Textile product line' that designs and manufactures luxury fabrics (synthetic fibers and wools) sold to external luxury houses and specialized tailors, representing 7% of revenue.
CVI
2nd
Cvr Energy
$3.69 Bn
36.67
+0.77%
+35.71%
The company operates a dedicated Nitrogen Fertilizer Segment that produces and distributes ammonia and urea ammonium nitrate for the farming industry via facilities in Coffeyville and East Dubuque.
ASH
Ashland
$3.37 Bn
73.64
-0.67%
+37.57%
Ashland is primarily a specialty ingredients company producing high-margin, application-specific formulated chemicals. Its Life Sciences and Personal Care segments provide specialized polymers, biofunctionals, and rheology modifiers for pharmaceutical, nutrition, and cosmetic formulators.
FUL
Fuller H B
$3.22 Bn
59.90
-5.86%
+1.56%
H. B. Fuller is a leading manufacturer of adhesives and sealants, which are explicitly listed as the core of the M-03 industry. The company sells these formulated bonding products to a wide range of industrial customers, including those in the automotive, aerospace, and construction sectors.
KWR
Quaker Chemical
$2.84 Bn
165.09
-2.79%
+20.75%
Quaker Houghton develops and markets formulated specialty chemicals such as metal removal fluids, corrosion inhibitors, and rolling lubricants. These are high-margin, application-specific products tailored to the production needs of heavy industrial customers in the steel, aluminum, and automotive sectors.
WTTR
2nd
Select Water Solutions
$2.68 Bn
21.09
-1.13%
+156.88%
The Chemical Technologies segment develops and manufactures specialty chemicals for hydraulic fracturing and well completions, such as friction reducers, crosslinkers, and surfactants.
HWKN
Hawkins
$2.59 Bn
124.80
-5.15%
-28.10%
Hawkins formulates and blends specialty ingredients for the food, pharmaceutical, and nutrition markets, including vitamins, enzymes, and botanicals. The company provides value-added formulation and processing services to create application-specific chemical solutions for its customers.
NGVT
Ingevity
$2.55 Bn
73.92
-2.51%
+33.55%
Ingevity manufactures a wide array of formulated performance chemicals, including caprolactone-based specialty polymers for bioplastics and elastomers, as well as agrochemical dispersants. These products are differentiated by application-specific performance and sold to specialized customers like bioplastics firms and agrochemical companies.
ROG
Rogers
$2.45 Bn
136.75
-6.26%
+80.46%
Rogers Corporation manufactures high-performance engineered materials, including laminates, specialty substrates, and elastomeric compounds formulated for specific applications like EV power modules and aerospace systems. These are higher-margin, application-specific functional chemicals and materials rather than bulk commodities.
KMT
2nd
Kennametal
$2.34 Bn
30.74
-3.45%
+47.29%
Kennametal is one of the world's largest producers of advanced metallurgical powders, which are sold as raw material inputs to the oil and gas, aerospace, and process industries.
CC
Chemours
$2.32 Bn
15.42
-1.91%
+3.14%
Chemours produces bulk commodity chemicals including titanium dioxide (TiO2) pigment under the Ti-Pure brand and various refrigerants and blowing agents. These products are sold as high-volume inputs to industrial customers for use in coatings, plastics, and thermal management.
IOSP
Innospec
$2.30 Bn
93.56
-0.29%
+12.32%
Innospec is a global specialty chemicals company that develops and manufactures tailored chemical formulations for high-value applications. Its Performance Chemicals segment provides technology-driven solutions for personal care, home care, and industrial markets, which are differentiated by formulation and performance rather than bulk commodity pricing.
MTX
2nd
Minerals Technologies
$2.23 Bn
71.66
-0.84%
+18.45%
The company manufactures specialty additives and functional components, such as precipitated calcium carbonate, for use in the pharmaceutical, food, and plastics industries.
PCTTU
PureCycle Technologies
$2.21 Bn
11.00
+0.00%
-38.20%
PureCycle Technologies manufactures PureFive® resin, which is a recycled polypropylene polymer. Polypropylene is a base plastic and polymer, and the company sells this resin to distributors, converters, and manufacturers as a commodity input.
ADMA
2nd
Adma Biologics
$2.15 Bn
9.54
+2.14%
-45.89%
The company operates plasma collection centers and sells excess source plasma, which serves as a raw biological material/intermediate, to third-party manufacturers.
OLN
Olin
$2.11 Bn
18.49
-2.74%
-13.11%
Olin is a leading global manufacturer of bulk commodity chemicals, specifically chlorine, caustic soda, and vinyl chloride monomer, which account for 54% of its sales. These products are high-volume industrial intermediates priced on commodity spreads.
GEL
2nd
Genesis Energy
$1.95 Bn
16.00
-0.12%
-7.94%
The company is a leading producer and marketer of NaHS (sodium hydrosulfide) and caustic soda, which are bulk industrial chemicals sold as by-products of its sulfur removal process.
NEXA
2nd
Nexa Resources
$1.79 Bn
13.51
-5.92%
+171.83%
The company produces sulfuric acid as a byproduct of its smelting process, which is sold to external industrial customers.
BAK
Braskem
$1.58 Bn
1.98
-1.98%
-32.88%
Braskem is a major producer of bulk commodity chemicals and plastics, specifically polyethylene, polypropylene, PVC, ethylene, and propylene. Its revenue is derived from high-volume sales of these base polymers and olefins to third-generation petrochemical producers.
SCL
Stepan
$1.44 Bn
63.43
-1.93%
+30.30%
Stepan focuses on performance-based chemical solutions, specifically formulating surfactants, polyurethane polyols, and specialty chemicals for personal care, food flavoring, and pharmaceutical applications. These are higher-margin, application-specific products differentiated by formulation and performance rather than bulk commodity pricing.
PAHC
2nd
Phibro Animal Health
$1.41 Bn
34.65
+0.06%
+10.88%
The Performance Products segment manufactures and markets specialty ingredients for the personal care, industrial chemical, and chemical catalyst industries.
FPHOY
First Phosphate
$1.35 Bn
17.71
+1.90%
—
The company is focused on developing mineral properties to produce apatite concentrate for the downstream production of phosphoric acid and LFP cathode materials. Its primary target is the phosphate mining sector, competing with established phosphate producers like Nutrien and Mosaic.
UAN
Cvr Partners
$1.28 Bn
121.07
-1.05%
+31.03%
CVR Partners LP produces and distributes nitrogen fertilizer products, specifically urea ammonium nitrate (UAN) and ammonia, which are sold to farmers and agricultural distributors to improve crop yield.
FMC
Fmc
$1.27 Bn
10.13
-0.30%
-73.31%
FMC Corporation develops and manufactures crop-protection chemicals, specifically insecticides (e.g., Rynaxypyr and Cyazypyr), herbicides (e.g., Isoflex and Dodhylex), and fungicides (e.g., fluindapyr and Onsuva). These products are sold to farmers and agricultural businesses to increase land productivity and resilience.
ECVT
Ecovyst
$1.13 Bn
10.31
-0.77%
+16.10%
Ecovyst is a leading producer and recycler of sulfuric acid, which is a base inorganic chemical sold as a commodity input. The company generates the majority of its revenue from the sale of virgin and regenerated sulfuric acid to refineries, mining companies, and industrial customers.
CMP
2nd
Compass Minerals International
$1.04 Bn
24.74
-4.07%
+30.07%
The company operates a Plant Nutrition segment that produces and sells sulfate of potash under the Protassium+ brand to distributors, retailers, and growers as a crop nutrient.
LWLG
Lightwave Logic
$1.02 Bn
6.64
-10.51%
+201.82%
Lightwave Logic develops and sells the Perkinamine family of electro optic polymer materials, which are formulated specialty chemicals designed for specific high-speed optical modulation applications. These materials are sold to semiconductor foundries and device designers as high-margin, application-specific performance materials.
AGRO
2nd
Adecoagro
$1.00 Bn
9.81
+5.83%
+6.63%
The company operates a fertilizer segment that produces granular urea and ammonia at a plant in BahÃa Blanca, selling primarily to local agricultural customers.
FTK
Flotek Industries
$0.98 Bn
27.00
-5.79%
+136.63%
Flotek's Chemistry Technologies (CT) segment designs, develops, and manufactures optimized chemistry solutions for hydrocarbon producers to improve returns and lower operational costs. These are formulated, application-specific performance chemicals rather than bulk commodities.
KODK
2nd
Eastman Kodak
$0.96 Bn
9.82
-1.50%
+68.15%
The Advanced Materials and Chemicals segment manufactures specialty chemicals, solvents, and functional printing materials for applications such as printed electronics and transparent antennas. The company also produces unregulated key starting materials for pharmaceuticals and electric vehicle batteries.
DQ
Daqo New Energy
$0.94 Bn
13.89
-2.39%
-39.61%
Daqo New Energy is a high-volume manufacturer of high purity polysilicon, which is a base polymer/silicon material sold as a commodity input to photovoltaic product manufacturers. Its revenue is driven by high-volume sales priced based on prevailing spot market conditions, fitting the commodity chemicals profile.
ACDC
2nd
ProFrac Holding
$0.93 Bn
5.09
-3.60%
+32.21%
Through its Flotek segment, the company sells specialty green chemistry solutions designed to improve hydrocarbon recovery and reduce environmental impact.
KRO
Kronos Worldwide
$0.91 Bn
7.93
-2.22%
+28.32%
Kronos Worldwide manufactures titanium dioxide (TiO2) pigments, which are explicitly listed in the M-01 taxonomy as pigments and titanium dioxide sold as an input to coatings makers. The company sells these bulk pigments to industrial customers including paint manufacturers, plastics processors, and paper producers.
TROX
Tronox Holdings
$0.88 Bn
5.54
-4.15%
+35.78%
Tronox is a leading manufacturer of titanium dioxide (TiO2) pigment, which is explicitly listed as a product belonging in M-01. This pigment is sold in high volumes to paint manufacturers, plastics producers, and paper mills, contributing $2.3 billion to revenue.
LPTH
2nd
Lightpath Technologies
$0.87 Bn
14.22
-3.92%
+251.11%
The company produces proprietary raw materials and specialty optical glass, such as its BlackDiamond glass, and sells infrared and visible components made from germanium, silicon, and zinc selenide.
KOP
Koppers Holdings
$0.86 Bn
45.36
-4.34%
+53.14%
Koppers is a global leader in wood preservation chemicals, manufacturing specific formulations such as micronized copper azole, alkaline copper quaternary amine, and chromated copper arsenate. These are performance chemicals formulated for the specific application of wood treatment and are sold to lumber treating companies.
WLKP
Westlake Chemical Partners
$0.77 Bn
21.72
+0.65%
-0.91%
The company operates ethylene production facilities that convert ethane into ethylene, a bulk petrochemical used as a feedstock for polyethylene and polyvinyl chloride. It also sells co-products such as propylene, crude butadiene, and pyrolysis gasoline, which are basic organic chemicals produced at scale.
LXU
Lsb Industries
$0.74 Bn
10.23
-2.57%
+30.65%
The company manufactures nitrogen-based fertilizers, specifically urea ammonium nitrate (UAN) and ammonia, which are sold to farmers, ranchers, and fertilizer dealers. UAN and ammonia together account for 55% of consolidated net sales.
MATV
Mativ Holdings
$0.67 Bn
12.08
-1.31%
+4.50%
Mativ manufactures performance and specialty materials, including high-performance filtration media, nanofiber webs, and composite fabrics. These are formulated, application-specific materials sold to industrial and healthcare manufacturers for use in filters and medical masks.
RYAM
Rayonier Advanced Materials
$0.57 Bn
8.39
+0.96%
+63.23%
The company is a global leader in cellulose specialties, producing high-purity cellulose tailored for specific applications in pharmaceuticals, food, and impact-resistant plastics. These are formulated, high-margin specialty chemicals rather than bulk commodities.
ASPI
ASP Isotopes
$0.49 Bn
3.86
-3.98%
-58.47%
The company's core business is the production of high-value, low-volume enriched isotopes such as carbon-14, silicon-28, and ytterbium-176 for specialized applications in semiconductors and pharmaceuticals. These are formulated, application-specific materials rather than bulk commodities.
IPI
Intrepid Potash
$0.48 Bn
36.47
-0.55%
+29.05%
The company's primary revenue drivers are muriate of potash and the specialty fertilizer Trio, which together account for the vast majority of sales (approximately 74% to 95%). These products are sold as crop nutrients to agricultural distributors, cooperatives, and retailers.
VHI
Valhi
$0.47 Bn
16.49
+1.60%
-3.51%
The company's Chemicals segment, via Kronos Worldwide, is a leading global producer of titanium dioxide pigment. This pigment is sold as a bulk commodity input to manufacturers of paints, plastics, paper, and ceramics.
ASPN
Aspen Aerogels
$0.46 Bn
5.59
-3.95%
-21.38%
Aspen Aerogels manufactures high-performance aerogel materials, such as the Pyrogel and Cryogel lines, which are formulated specialty materials for specific thermal management applications. These products are differentiated by their performance (two to five times the thermal performance of traditional materials) rather than being bulk commodities.
LXFR
2nd
Luxfer Holdings
$0.46 Bn
17.12
+0.06%
+37.62%
The company produces zirconium powders used as excipients in the pharmaceutical industry and for automotive catalysis, which are formulated specialty chemicals/materials.
SGLA
Sino Green Land
$0.45 Bn
2.80
-11.39%
+3,400.00%
Sino Green Land manufactures and sells recycled plastic pellets and PET bottle flakes, which serve as base plastic resins and polymers for other manufacturers. These products are sold as raw material inputs for fiber packaging and molding applications, fitting the description of commodity plastics and polymers.
ASIX
AdvanSix
$0.45 Bn
16.55
-0.90%
-17.50%
AdvanSix produces bulk commodity chemicals including nylon 6 resin, caprolactam, acetone, phenol, and alpha methylstyrene. These are high-volume industrial intermediates and polymers sold to a broad base of industrial customers.
MAGN
Magnera
$0.44 Bn
12.21
+1.83%
-5.64%
Magnera describes itself as a global supplier of innovative specialty materials comprised of organic and synthetic raw ingredients. It sells these formulated materials for specific applications in healthcare, personal care, and filtration to leading brands and private label producers.
FSTR
2nd
Foster L B
$0.40 Bn
38.14
-0.88%
+65.18%
The company provides pipe protective coatings for oil and gas pipelines, which are formulated industrial coatings sold to energy companies and pipeline operators.
OEC
Orion
$0.34 Bn
6.08
-2.41%
-39.56%
Orion produces specialty carbon black grades formulated for specific functional needs such as electrical conductivity for batteries, UV protection for agriculture film, and jetness for automotive base coats. These are high-margin, application-specific performance chemicals sold to coating and ink formulators and battery producers.
ALTO
Alto Ingredients
$0.33 Bn
4.24
+0.47%
+303.81%
Alto Ingredients is a leading producer of specialty alcohols used in cosmetics, sanitizers, and distilled spirits. These are formulated, high-value performance chemicals sold to personal care and food manufacturers, fitting the specialty chemicals profile.
NNDM
2nd
Nano Dimension
$0.33 Bn
1.55
-2.52%
+12.32%
Through its Adaptive3D segment, the company develops and supplies specialty resins specifically formulated for additive manufacturing processes.
NL
2nd
Nli Holdings
$0.32 Bn
6.53
+1.24%
+4.65%
The company holds a significant interest in Kronos Worldwide Inc, a global producer of titanium dioxide (TiO2) pigments. According to the taxonomy, titanium dioxide pigments sold as inputs to coatings and plastics makers belong in Commodity Chemicals.
MVST
2nd
Microvast Holdings
$0.29 Bn
0.76
-6.17%
-71.32%
The company operates a Battery Components segment that develops and sells proprietary cathode, anode, electrolyte, and separator materials to third-party battery manufacturers.
FF
FutureFuel
$0.25 Bn
5.67
-1.22%
+51.60%
The company's largest revenue source (54%) is the custom manufacturing of specialty chemicals, producing unique proprietary molecules for third-party customers. It also produces performance chemicals such as polymer modifiers, specialty solvents, and surfactants sold based on technical specifications.
NAGE
2nd
Niagen Bioscience
$0.24 Bn
3.06
+0.66%
-69.76%
The company produces and sells Niagen as a proprietary food-grade and pharmaceutical-grade ingredient to manufacturers of dietary supplements and foods. This constitutes the sale of a formulated specialty chemical/ingredient for specific applications.
HDSN
Hudson Technologies
$0.24 Bn
5.64
-8.29%
-40.63%
Hudson Technologies manufactures and sells reclaimed and virgin refrigerants, including hydrofluoroolefins and hydrofluorocarbons, which are performance chemicals formulated for specific refrigeration applications. These products are sold to commercial, industrial, and governmental customers, as well as OEMs like Lennox International Inc.
CMT
2nd
Core Molding Technologies
$0.22 Bn
26.13
-0.68%
+45.98%
The company generates revenue from the direct sale of engineered materials, specifically Sheet Molding Compound, which is a base polymer/resin product sold to customers for further processing.
EAF
2nd
Graftech International
$0.18 Bn
7.00
-4.37%
-43.55%
The company produces and sells petroleum needle coke, a petroleum-derived carbon product that functions as a base industrial intermediate and raw material for electrode manufacturing.
PLG
2nd
Platinum Group Metals
$0.18 Bn
1.42
-5.33%
-5.33%
Through its interest in Lion Battery Technologies Inc., the company may generate income from the sale of platinum and palladium based catalyst materials for batteries, which are formulated specialty chemicals.
ZHJD
Intelligent Hotel
$0.18 Bn
1.78
+0.00%
+48.33%
The company historically generated revenue from the sale of bio carbon based fertilizer products sold to agricultural producers and farms in China to enhance soil fertility and crop yields.
HTLM
2nd
HomesToLife
$0.18 Bn
2.00
+5.82%
-48.59%
The leather trading division procures raw hides and sells them to tanneries, acting as a supplier of basic organic materials used for the production of upholstery leather.
UFI
Unifi
$0.15 Bn
8.06
+1.38%
+85.71%
Unifi manufactures bulk synthetic fibers and polymers, specifically polyester and nylon yarns, as well as polyester polymer beads and staple fiber. These products are sold as commodity-like inputs to yarn manufacturers, knitters, and weavers for use in apparel and industrial fabrics.
ACNT
Ascent Industries
$0.14 Bn
15.12
-0.07%
+25.37%
Ascent Industries develops and manufactures performance-driven chemical solutions, including surfactants, defoamers, lubricating agents, and flame retardants. These are formulated specialty chemicals sold as critical ingredients for applications in personal care, water treatment, and oilfield production.
CITR
CitroTech
$0.13 Bn
5.94
+2.77%
-15.74%
The company develops and markets non-toxic, food-grade flame retardants and fire suppression products like MFB31-CitroTechâ„¢ and MFB34-CitroTechâ„¢. These are formulated specialty chemicals designed for specific applications such as wildfire defense and treating lumber to inhibit fire and mold.
GRO
Brazil Potash
$0.13 Bn
2.11
-3.21%
+32.70%
The company is developing the Autazes project to produce muriate of potash, which is a primary crop nutrient. Its intended revenue model is selling this potash to Brazilian farmers and agricultural distributors like Amaggi and Keytrade.
CBUS
Cibus
$0.13 Bn
1.63
-2.40%
+17.27%
Cibus develops and licenses gene-edited plant traits for major agricultural crops, including herbicide tolerance in rice and canola and disease resistance in soybean and wheat. Its primary revenue model is based on royalties from seed companies for these agricultural genetics.
KBLB
Kraig Biocraft Laboratories
$0.10 Bn
0.09
+0.00%
+12.50%
Kraig Biocraft manufactures recombinant spider silk fibers, which are advanced engineered materials formulated for specific high-performance applications. These fibers are sold as specialty inputs to manufacturers of performance apparel, luxury fashion, and flexible composites.
YDDL
2nd
One & one Green Technologies
$0.10 Bn
1.76
-5.88%
—
The company generates revenue from the sale of plastic beads produced through the recycling of waste materials.
ARQ
Arq
$0.10 Bn
2.22
-3.90%
-69.12%
Arq manufactures and sells activated carbon products, including powdered, granular, and colloidal carbon powder, which are formulated specialty chemicals used for capturing impurities and pollutants. These products are sold as high-margin, application-specific consumables to coal-fired power plants and water treatment facilities.
NTIC
Northern Technologies International
$0.08 Bn
8.05
+0.00%
+9.67%
The company's primary revenue driver is the ZERUST® line, which provides formulated corrosion prevention solutions including liquids, coatings (Axxatec™, Axxanol™), and vapor-phase inhibitors. These are performance-based specialty chemicals designed for specific industrial applications in automotive, mining, and oil and gas sectors.
BSIN
2nd
Big Sky Industrial
$0.07 Bn
1.39
-2.11%
+15.83%
The company is developing an industrial gas project on the Kevin Dome in Montana, which is intended to generate future revenue from the sale of carbon dioxide and waste gases to an offtake partner.
FEAM
2nd
5E Advanced Materials
$0.07 Bn
1.63
-2.40%
-62.18%
The company has a dedicated segment for Downstream Advanced Boron Material Processing, developing higher-value boron-derived materials like meta boric acid for specialty applications.
VRDR
2nd
Verde Resources
$0.07 Bn
0.05
-16.67%
-44.44%
The company develops and sells proprietary specialty chemicals and formulated agents, such as the Verde V24 cold mix emulsifying agent and the TerraZyme enzyme-based soil stabilizer, which are differentiated by their specific performance and environmental applications.
AVD
American Vanguard
$0.06 Bn
2.20
-1.35%
-58.10%
The company manufactures and formulates crop-protection chemicals including insecticides, fungicides, herbicides, and soil fumigants. These products are sold to agricultural producers and commercial operators to protect crops and manage pests.
SLSN
2nd
Solesence
$0.06 Bn
0.89
-5.32%
-75.14%
The company manufactures and supplies active pharmaceutical ingredients, specifically surface-engineered zinc oxide and titanium dioxide, to global personal care manufacturers. These are formulated specialty chemicals used as active ingredients in sunscreens and skin health products.
ZTEK
Zentek
$0.06 Bn
0.58
-3.33%
-21.62%
Zentek develops and sells functionalized graphene additives and advanced nanomaterials, which are performance-based specialty chemicals. These products are formulated for specific applications in clean technology and green energy solutions.
EXOZ
Exozymes
$0.06 Bn
6.39
+5.97%
-34.53%
Exozymes engineers advanced enzymes to produce high-value compounds and specialty chemicals, such as isobutanol for sustainable aviation fuel. Its revenue model is based on licensing its technology platform and selling specialized enzymes for these specific industrial applications.
FTEK
2nd
Fuel Tech
$0.04 Bn
1.41
-2.08%
-49.82%
The FUEL CHEM segment provides proprietary TIFI targeted in furnace injection chemical programs designed to control slagging, fouling, and corrosion in boilers.
SCIA
SCI Engineered Materials
$0.04 Bn
9.05
-1.20%
+126.25%
The company manufactures advanced, application-specific materials such as sputtering targets, evaporation sources, and transparent conductive oxides used for PVD thin film applications. These are formulated specialty materials sold to customers in the aerospace, automotive, and semiconductor industries, fitting the description of high-margin, performance-based specialty chemicals/materials.
BGM
2nd
Bgm
$0.03 Bn
0.29
+7.41%
-96.44%
The company explicitly lists fertilizers as one of its core products and identifies a specific customer base of thirty-two dealers for fertilizer products.
UG
2nd
United Guardian
$0.03 Bn
7.07
-1.12%
-9.48%
The company manufactures and sells specialty cosmetic and sexual wellness ingredients, which account for approximately 29% of sales, through distributors like Ashland Specialty Ingredients and Brenntag Specialties.
MERC
2nd
Mercer International
$0.03 Bn
0.47
-4.08%
-84.64%
The company generates revenue from the sale of tall oil and other chemicals derived from black liquor as by-products of its pulp manufacturing processes.
LOOP
Loop Industries
$0.03 Bn
0.63
-3.08%
-59.09%
Loop Industries manufactures and sells Loopâ„¢ branded PET resin and polyester fiber, which are base plastics and polymers. These products are sold to consumer packaged goods companies and apparel manufacturers as commodity inputs for packaging and textiles.
DYAI
2nd
Dyadic International
$0.03 Bn
0.76
-2.56%
-5.00%
Through its Dapibus platform, the company produces non-animal proteins and enzymes for food, nutrition, and bio-industrial markets, which are formulated specialty chemicals.
RDGL
2nd
Vivos
$0.03 Bn
0.06
+0.00%
-25.00%
Vivos generates revenue from the sale of PLGA g PEG polymers and PrecisionGel, which are formulated specialty polymer and hydrogel products used for delivering active pharmaceutical ingredients.
BCHT
2nd
Birchtech
$0.03 Bn
1.40
+6.87%
-51.29%
Birchtech produces specialty activated carbon technologies and performance-based sorbents, which are formulated specialty chemicals used for specific purification applications.
BIOX
Bioceres Crop Solutions
$0.03 Bn
0.42
-4.55%
-86.00%
The company develops and commercializes seed traits, germplasm, and crop-protection chemicals including bionematicides, biofungicides, and bioinsecticides. It specifically mentions its HB4 technology for drought tolerance in soybean and wheat and its seed treatment packs produced by Rizobacter.
NNUP
Nocopi Technologies
$0.02 Bn
1.71
+1.79%
+14.00%
Nocopi Technologies develops and markets specialty reactive inks, such as rubbing-activated and invisible inks, which are formulated for specific performance applications in entertainment and security. These are high-margin, application-specific functional chemicals rather than bulk commodity chemicals.
GNVR
Genvor
$0.02 Bn
0.55
+0.00%
—
Genvor develops sustainable crop protection and plant health solutions, specifically antimicrobial peptides (AMPs) for disease resistance against fungi, bacteria, and viruses. These are being developed as both non-chemical transgenic seed traits and topical biological spray applications (bio-pesticides) for row crops like corn, soybeans, and cotton.
PMEC
2nd
Primech Holdings
$0.02 Bn
0.52
+8.33%
-66.56%
The company manufactures and trades cleaning chemicals and detergents under the D'Bond brand for external sale, which falls under formulated specialty chemicals.
BRLL
2nd
Barrel Energy
$0.02 Bn
0.16
+0.00%
-85.71%
The company manufactures and distributes proprietary eco-friendly cleaning products under the Happy Traps Cleaners brand, which are formulated for specific use in commercial kitchen environments.
LNZA
2nd
LanzaTech Global
$0.01 Bn
6.24
-0.95%
-71.65%
The company's technology is used to produce bulk commodity chemicals and polymers, specifically ethylene and polyethylene, which are base plastics and polymers.
NAII
2nd
Natural Alternatives International
$0.01 Bn
2.04
-0.49%
-47.15%
The company generates revenue through the direct sale of raw materials and licensing of intellectual property related to beta-alanine, specifically through brands like CarnoSyn®, SR CarnoSyn®, and TriBsyn™. These are formulated specialty chemicals sold as inputs for nutritional products.
SEED
Origin Agritech
$0.01 Bn
1.03
-2.83%
-3.74%
Origin Agritech focuses on the research, development, and commercialization of genetically modified corn seeds, specifically developing traits for herbicide tolerance and insect resistance. Its primary revenue is generated from the sale of these seeds to Chinese farmers and distributors, as well as licensing its proprietary traits to other seed companies.
BNET
Bion Environmental Technologies
$0.01 Bn
0.18
+0.00%
+28.57%
The company's core output is a high purity low carbon nitrogen fertilizer produced via its Ammonia Recovery System (ARS). Management explicitly anticipates future income from selling this OMRI listed nitrogen fertilizer to manufacturers and distributors.
XERI
2nd
Xeriant
$0.01 Bn
0.01
+0.00%
+0.00%
The company develops nanotechnology-enhanced composite materials under the DUREVER brand, specifically creating panels from recycled plastic and fiber waste, which falls under the production of base plastics and polymers.
SNES
SenesTech
$0.01 Bn
1.29
+6.61%
-73.13%
SenesTech develops and commercializes fertility control products for rodent populations, specifically the ContraPest, Evolve Rat, and Evolve Mouse lines. These products function as non-lethal crop and pest protection chemicals, fitting the description of crop-protection chemicals and biologicals.
YMAT
2nd
J-Star Holding
$0.01 Bn
1.91
-2.05%
-62.03%
The company develops and sells carbon fiber prepreg sheets and proprietary resin systems (such as Nano-CT and Nano-GS), which are formulated specialty chemicals used as high-performance materials.
INM
InMed Pharmaceuticals
$0.00 Bn
1.45
-0.68%
-36.96%
The company generates its current revenue primarily through its subsidiary BayMedica LLC, which manufactures and sells bulk rare cannabinoids like cannabichromene and cannabidivarin. These are sold as specialty chemical ingredients to B2B customers in the nutraceutical, cosmetic, and functional food sectors.
GURE
Gulf Resources
$0.00 Bn
3.10
+3.33%
-56.94%
The company is a major producer of bromine and crude salt, which are bulk basic chemicals used as commodity inputs for alkali and chlorine alkali production. These products are sold in high volumes to industrial customers for use in flame retardants, water purification, and food and beverage industries.
DXST
2nd
Decent Holding
$0.00 Bn
2.50
-5.30%
-92.12%
The company generates 16.15% of its revenue from the sale of standalone microbial products, including COD-decreasing bacteria, algae removal bacteria, and ammonia nitrogen decreasing bacteria, which are formulated specialty chemicals for water quality enhancement.
PUBC
Purebase
$0.00 Bn
0.01
+0.00%
-83.33%
Purebase develops and sells specialized fertilizers and soil amendments, such as the Humic Advantage product sourced from leonardite, specifically for the agriculture market. Its revenue is generated from selling these nutrient-focused products to farmers and agricultural distributors like Helena Agri Enterprises LLC.
VYST
Vystar
$0.00 Bn
0.09
-10.00%
-35.71%
Vystar's Vytex segment produces ultra low protein natural rubber latex, which is a base polymer/synthetic rubber equivalent sold as a raw material to manufacturers of gloves, condoms, and balloons. This activity matches the description of manufacturing base plastics, polymers, and synthetic rubber as commodity inputs.
SNRG
2nd
SusGlobal Energy
$0.00 Bn
0.01
+0.00%
-83.33%
The company processes digestate from its anaerobic digestion process into organic compost and pathogen-free liquid fertilizer sold to agricultural, wine, and cannabis markets.
SMTK
SmartKem
$0.00 Bn
0.09
+0.00%
-87.32%
SmartKem develops and sells formulated organic semiconductor inks and materials, specifically its TRUFLEX® semiconductor polymer platform. These are high-margin, application-specific performance chemicals used for thin film transistors, which fits the description of specialty chemicals.
LVROF
2nd
Lavoro
$0.00 Bn
0.01
+0.00%
-99.50%
Through its Crop Care segment, the company manufactures and distributes off-patent crop protection products and private-label biologicals. Crop protection accounted for 50% of its total product mix in FY2025.
TANH
Tantech Holdings
$0.00 Bn
0.34
-8.11%
-81.22%
Tantech manufactures formulated specialty chemicals and functional products under the Charcoal Doctor brand, including air purifiers, deodorants, bamboo vinegar-based detergents, and sanitizers. These are high-margin, application-specific products differentiated by their bamboo-based formulation.
CNEY
Cn Energy
$0.00 Bn
0.58
-4.92%
-73.99%
CN Energy manufactures wood-based activated carbon, which is a performance-based specialty material used for specific applications in pharmaceutical, food and beverage, and water purification sectors. Its revenue is derived from selling these high-purity formulated materials to wholesalers and deep-processing firms.
BON
Bon Natural Life
$0.00 Bn
1.14
+0.00%
-16.79%
Bon Natural Life manufactures performance and specialty chemicals formulated for specific applications, including fragrance compounds like ambroxide and sclareol for perfume and detergent producers. Its revenue is derived from high-margin, application-specific natural ingredients sold to the personal care, cosmetic, and pharmaceutical sectors.
SENR
2nd
Strategic Environmental & Energy Resources
$0.00 Bn
0.00
—
-100.00%
The PelleChar business line sells biochar pellets for soil amendment applications, which are formulated specialty materials used for specific agricultural performance.
TSEOQ
Trinseo
$0.00 Bn
0.00
—
-100.00%
Trinseo focuses on specialty material solutions, producing customized compounds, high-performance rigid thermoplastic compounds (PC/ABS blends), and specialty PMMA resins for automotive, medical, and electronics applications. Its Engineered Materials segment emphasizes differentiation through high-performance grades and sustainable formulations, which aligns with the specialty chemicals definition.