Dow

What Dow does

Dow Inc. is a U.S.-listed (NYSE: DOW) materials science company formed in April 2019 from the spin-off of DowDuPont, with operating lineage tracing back to the original Dow Chemical Company founded in 1897. It manufactures and sells a broad portfolio of chemicals and plastics — including silicones, polyurethanes, polyethylenes, performance monomers, elastomers, adhesives, surfactants, solvents, and specialty polymers — organized across three reporting segments: Packaging & Specialty Plastics, Industrial Intermediates & Infrastructure, and Performance Materials & Coatings. The company serves industrial customers in packaging, building and construction, electronics (including data center cooling), mobility, beauty and personal care, healthcare, food and beverage, and energy, with manufacturing operations in 29 countries and approximately $40 billion in 2025 sales.

Dow monetizes primarily through direct industrial B2B sales of formulated chemical products, with pricing on a volume/specification/contract basis that is not publicly disclosed. Its go-to-market combines direct enterprise field sales with channel partners — most notably Univar Solutions for the Decarbia low-carbon portfolio and silicone additives, ChemTreat (Veralto) and Solenis for the Coolant Care Network serving AI data center cooling, and Xylem as a strategic water-systems partner for the Path2Zero project. Branded product lines (DOWFROST, REVOLOOP, ECOSURF, MAIZECARE, Decarbia) and sustainability-certified offerings (Product Carbon Footprint certificates, ISCC PLUS, ISEGA food-contact certifications) anchor differentiation in commodity-adjacent segments. Forward strategy is centered on the Transform to Outperform restructuring (eliminating ~4,500 positions, targeting $2B+ in EBITDA improvement), CEO transition to Karen S. Carter on July 1, 2026, the Path2Zero net-zero cracker at Fort Saskatchewan, and the X-energy advanced nuclear project at Seadrift — moves designed to lower unit costs, decarbonize operations, and capture growth in AI infrastructure and circular packaging.

Name

Dow

Legal name

Dow

Website

https://dowchemical.com

Company type

Public

Founded year

2019

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Dow Inc. (NYSE: DOW) is a U.S.-based materials science company manufacturing silicones, polyurethanes, polyethylenes, surfactants, and specialty polymers across 29 countries for industrial customers in packaging, construction, electronics, mobility, beauty, healthcare, food, and energy, with approximately $40 billion in 2025 sales.

Ownership category

akta.pro rank

Product category

Specialty Chemicals and Materials

NAICS

Other Basic Organic Chemical Manufacturing (32519), Plastics Product Manufacturing (3261), Other Plastics Product Manufacturing (32619), Manufacturing (31-33)

SIC

Industrial Organic Chemicals (2860), Miscellaneous Chemical Products (2890), Miscellaneous Plastics Products (3080)

akta.pro primary industry

Engineering Plastics & Performance Resins (PC, PA, POM, PBT, PMMA) (IMAEADAI)

Keywords

• Materials science
• Specialty chemicals
• Industrial polymers
• Polyethylene resins
• Silicone technologies

Headquarters

HQ city

Midland

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Personnel, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Materials Science Products: Dow generates revenue through manufacturing and selling a broad portfolio of chemical products and materials including silicones, polyurethanes, polyethylenes, performance monomers, elastomers, adhesives, surfactants, solvents, and specialty polymers to industrial customers across packaging, construction, electronics, mobility, consumer goods, healthcare, energy, and other sectors. The company operates approximately $40 billion in annual sales.
2. Low-Carbon and Sustainable Products: Revenue from Decarbia low-carbon product portfolio with Product Carbon Footprint certificates, sold through distribution partners to help customers meet Scope 3 emissions reduction targets

Go-to-market motion1 record

Distribution channels4 records

Marketing channels3 records

Core offering

Dow is a materials science company that manufactures and sells a broad portfolio of chemicals and plastics, including silicones, polyurethanes, polyethylenes, performance monomers, elastomers, adhesives, surfactants, solvents, and specialty polymers. The company serves industrial customers across packaging, construction, electronics, mobility, consumer goods, healthcare, energy, beauty, and food and beverage markets through three reportable segments: Packaging & Specialty Plastics, Industrial Intermediates & Infrastructure, and Performance Materials & Coatings, generating approximately $40 billion in annual sales with manufacturing operations in 29 countries.

Product overview

Dow is a materials science company offering a broad portfolio of chemical and plastics products organized across three business segments: Packaging and Specialty Plastics, Industrial Intermediates and Infrastructure, and Performance Materials and Coatings. The company's product offering is organized as 19 product technology categories and serves 18 market segments. Key branded products include REVOLOOP recycled plastics resins for circular packaging, ECOSURF surfactants for home care, MAIZECARE clarity polymers for beauty applications, and the DOWFROST family of heat transfer fluids for data center liquid cooling. The product technology portfolio spans foundational materials including Polyethylene Products, Polyurethanes, Silicones, Specialty Polymers, Elastomers and Plastomers, Adhesives and Sealants, Additives and Modifiers, Performance Monomers, Solvents and Glycols, Surfactants, Emulsifiers and Polyglycols, Plastics Additives, Resins Binders and Film Formers, Foam Control Agents, Release Coatings and Agents, Gels Encapsulants and Conformal Coatings, Amines and Chelates, Conductive Materials, Optical Materials, and Lubricants Heat Transfer and Deicing Fluids. Sustainability-focused offerings include the Decarbia low-carbon product portfolio with PCF certificates, the Coolant Care Network for data center cooling management, and recycled content solutions like REVOLOOP.

Differentiator

Problem solved

Functional benefit

Brands

• Decarbia: Low-carbon product portfolio with Product Carbon Footprint certificates distributed across beauty, personal care, home care, food, pharmaceutical, and industrial performance markets.
• DOWFROST
• REVOLOOP
• Coolant Care Network
• Multiboard CirculaRR

Products and services

• DOWFROST Heat Transfer Fluids High-performance heat transfer fluids (DOWFROST LC and DOWFROST HD) used in data center liquid cooling, including direct-to-chip liquid cooled systems and glycol-based cooling solutions, sold to hyperscale data center operators and supported through the Dow Coolant Care Network service providers ChemTreat and Solenis.
• REVOLOOP Recycled Plastics Resins Portfolio of recycled plastics resins enabling packaging companies to incorporate recycled content into packaging while maintaining performance standards and supporting circular economy goals.
• ECOSURF Sustainable Surfactants Brand of sustainable surfactant-based products for home care, industrial, and institutional cleaning applications, supporting more effective and sustainability-focused cleaning formulations.
• MAIZECARE Clarity Polymer Clarity polymer technology for beauty and personal care applications, enabling formulations that deliver transparency and performance in personal care products, including bio-based polymers produced with EcoSynthetix.
• Polyethylene Products and PE Resin Portfolio Comprehensive polyethylene product portfolio including PE resin grades designed for flexible and rigid packaging applications, sold to packaging manufacturers and converters worldwide.
• Polyurethanes Polyurethane materials delivering superior flexibility and processability for furniture, insulation, structural, and automotive applications, sold to construction, furniture, and mobility manufacturers.
• Silicones, Silicone-Organic Hybrids and Silanes Silicones, silicone-organic hybrids, and silanes enabling diverse applications across consumer and industrial markets, including beauty, personal care, electronics, construction, and automotive uses.
• Specialty Polymers Specialty polymers addressing demanding requirements in packaging, personal care, wire and cable, infrastructure, and other applications where standard polymers do not suffice.
• Decarbia Low-Carbon Product Portfolio Low-carbon product portfolio with Product Carbon Footprint (PCF) certificates distributed across beauty, personal care, home care, food, pharmaceutical, and industrial performance markets, helping customers meet Scope 3 emissions reduction targets.
• Multiboard CirculaRR Fiber-Plastic Food Packaging Fiber-plastic food-contact compliant packaging solution made entirely from recycled cartonboard and Dow's advanced recycled polyethylene, jointly developed with RDM Group and certified for paper recycling stream compatibility.
• Dow Coolant Care Network Service coordination network for AI data center liquid cooling that manages fluid supply, testing, data analysis, and in-field support through authorized service providers including ChemTreat and Solenis, addressing reliability needs for AI-driven workload demands.

Quantifiable outcome

• $2 billion+ in near-term EBITDA improvements expected from Transform to Outperform initiative
• +2 more outcomes

Named customers3 records

Segments8 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature5 records

Partnerships

Nine partnerships are on record, tiered minor and core.

• SolenisminorChannel Partner/ Reseller/ Distributor · 10 June 2026Strategic agreement for Solenis to become an approved service provider within Dow's Coolant Care Network for Data Centers. Solenis delivers specialized fluid management, monitoring, and lifecycle assurance services for data centers using Dow's DOWFROST heat transfer fluids in direct-to-chip liquid cooled systems.
• XylemcoreStrategic or Co-development Partner · 8 June 2026Landmark agreement for Xylem to design, build, and operate advanced water systems at Dow's large-scale industrial complex in Fort Saskatchewan, Alberta, Canada. The full end-to-end water management solution includes engineering, system design, and long-term operation with integrated water reuse capability to significantly reduce freshwater demand. Expected to support Dow's Path2Zero environmental program and be operational by August 2028.
• Univar SolutionscoreChannel Partner/ Reseller/ Distributor · 2 June 2026Long-term agreement for Univar Solutions to distribute Dow's Decarbia low-carbon product portfolio with Product Carbon Footprint certificates across beauty, personal care, home care, food, pharmaceutical, and industrial performance markets. Leverages Univar Solutions' global distribution network to help customers meet their Scope 3 emissions reduction targets, building on a longstanding relationship.
• Univar SolutionscoreChannel Partner/ Reseller/ Distributor · 26 May 2026Expanded strategic partnership to distribute Dow's silicone additives for plastics and composites throughout Europe, the Middle East, and Africa (EMEA). Covers 29-30 countries including Germany, UK, France, Austria, and Türkiye. Combines Dow's silicone innovation expertise with Univar Solutions' commercial knowledge, product management, and technical application support through the Essen Solution Center.
• Pembina Pipeline CorporationcoreStrategic or Co-development Partner · 25 May 2026Long-term agreement for Pembina to supply Dow with ethane beginning in late 2029, scaling to 57,500 barrels per day under amended supply agreement representing 15% increase from original agreement. Supports Dow's Path2Zero project and represents a significant feedstock supply arrangement for Dow's operations.
• ChemTreat (Veralto Corporation)coreChannel Partner/ Reseller/ Distributor · 18 May 2026ChemTreat, a Veralto operating company, selected as the only preferred service provider in Virginia and a strategic national service provider for Dow's Coolant Care Network for AI data center cooling. ChemTreat provides specialized fluid management, monitoring, and lifecycle assurance services for data centers using DOWFROST heat transfer fluids in direct-to-chip liquid cooled systems. Currently serves over 200 data center sites.
• X-energycoreStrategic or Co-development Partner · 18 May 2026Collaboration on Long Mott Generating Station, an advanced nuclear project at Dow's UCC Seadrift Operations site on Texas Gulf Coast. The NRC issued a Finding of No Significant Impact for the project, representing the first grid-scale advanced reactor proposed to serve an industrial site in North America. X-energy's Xe-100 four-reactor, 320-MW project will provide electricity and high-temperature steam to power Dow's production of more than 4 billion pounds of materials per year. Target first commercial operations in early 2030s.
• RDM GroupminorStrategic or Co-development Partner · 27 April 2026Joint development of Multiboard CirculaRR, a food-contact-compliant packaging solution made entirely from recycled cartonboard and advanced recycled polyethylene. Combines RDM Group's fiber-based packaging expertise with Dow's circular polymer expertise. Achieved ISCC PLUS and ISEGA certifications while remaining compatible with existing mixed paper recycling streams. Positioned to help brands meet EU Packaging and Packaging Waste Regulation requirements for recyclability by 2030.
• EcoSynthetixminorStrategic or Co-development PartnerOngoing partnership expanding the MaizeCare all-natural polymer platform. EcoSynthetix produces bio-based polymers from corn for use in beauty and personal care applications.

Scale indicators9 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Eastman Chemical Company: Specialty chemicals manufacturer with comparable portfolios in advanced materials, additives, and performance chemicals serving packaging, construction, and consumer durables.
• Huntsman Corporation: Polyurethanes, performance products, and advanced materials maker with particularly direct overlap in MDI-based polyurethanes and specialty chemicals used in construction and automotive.
• INEOS Group: Global petrochemicals and specialty chemicals producer with significant polyethylene, polypropylene, and chlor-vinyl operations competing head-to-head with Dow.
• Celanese Corporation: Specialty chemicals producer in acetyls, engineered materials, and polymer solutions; competes in automotive, electronics, and consumer products with overlapping chemistries.
• Westlake Corporation: Vertically integrated petrochemicals and building products company competing in polyethylene, PVC, and downstream packaging applications.
• Covestro AG: Polyurethanes and polycarbonate resins specialist; closely overlaps Dow's polyurethanes business and serves the same construction, automotive, and electronics customers.
• LyondellBasell Industries: Global polyolefins leader producing polyethylene, polypropylene, and advanced polymers; direct competitor in Packaging & Specialty Plastics and a fellow petrochemical cyclical.
• BASF: World's largest chemical company with overlapping portfolios in polyurethanes, performance materials, specialty chemicals, and agricultural solutions; competes directly with Dow across packaging, automotive, construction, and electronics end markets.
• DuPont: Specialty materials company spun from the same DowDuPont parent in 2019; overlaps with Dow in silicones, specialty polymers, electronics materials, and construction chemicals.

Broad incumbents

• Mitsubishi Chemical Group: Diversified Japanese chemicals conglomerate with overlapping offerings in performance polymers, specialty materials, and industrial chemicals across similar end markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/DowNewsroom

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A11 records

Investments50 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Dow