Company
Albemarle Corporation
Headquarters: Charlotte, NC, United States
Founded: 1994
Employees: 6,000
CEO: Mr. Jerry Kent Masters Jr.
Market Cap
$16.45 Billion
USD as of Jan. 1, 2024
Albemarle Corporation Categories
United States Basic Materials Specialty ChemicalsUnited States Basic Materials United States Specialty Chemicals
Top Competitors by Market Capitalization
Industry: Specialty Chemicals
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|---|---|
| Linde | $198.22 B |
| The Sherwin-Williams Company | $75.71 B |
| Ecolab Inc. | $55.92 B |
| Sika AG | $48.54 B |
| Givaudan SA | $37.12 B |
Sector:
| Company | Market Cap (USD) |
|---|---|
| Linde | $198.22 B |
| BHP | $169.91 B |
| Rio Tinto | $120.67 B |
| Air Liquide SA | $101.75 B |
| Shin-Etsu Chemical Co Ltd | $82.56 B |
Detailed Description
Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals worldwide. It operates through three segments: Lithium, Bromine, and Catalysts. The Lithium segment offers lithium compounds, including lithium carbonate, lithium hydroxide, lithium chloride, and lithium specialties; and reagents, such as butyllithium and lithium aluminum hydride for use in lithium batteries for consumer electronics and electric vehicles, high performance greases, thermoplastic elastomers for car tires, rubber soles, plastic bottles, catalysts for chemical reactions, organic synthesis processes in the areas of steroid chemistry and vitamins, life sciences, pharmaceutical industry, and other markets. It also provides cesium products for the chemical and pharmaceutical industries; zirconium, barium, and titanium products for pyrotechnical applications that include airbag initiators; technical services for the handling and use of reactive lithium products; and lithium-containing by-products recycling services. The Bromine segment offers bromine and bromine-based fire safety solutions; specialty chemicals, including elemental bromine, alkyl and inorganic bromides, brominated powdered activated carbon, and other bromine fine chemicals for use in chemical synthesis, oil and gas well drilling and completion fluids, mercury control, water purification, beef and poultry processing, and other industrial applications; and other specialty chemicals, such as tertiary amines for surfactants, biocides, and disinfectants and sanitizers. The Catalysts segment provides hydroprocessing, isomerization, and akylation catalysts; fluidized catalytic cracking catalysts and additives; and organometallics and curatives. The company serves the energy storage, petroleum refining, consumer electronics, construction, automotive, lubricants, pharmaceuticals, and crop protection markets. Albemarle Corporation was founded in 1887 and is headquartered in Charlotte, North Carolina.
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Stocks & Indices
Albemarle Corporation has the following listings and related stock indices.
Stock: NYSE: ALB wb_incandescent
Stock: BMV: ALB wb_incandescent
Stock: Bovespa: A1LB34 wb_incandescent
Stock: FSX: OU2 wb_incandescent
Product & Services
Lithium salts and metalsBromine and derivatives, including flame retardantsFluid catalytic cracking and HPC catalystsfine chemistry services
Key People
Kent Masters, President & CEO Scott A. Tozier, CFO
Financials
Revenue: $3.128 billion (2020)
Net income: $375 million (2020)
Total assets: $10.450 billion (2020)
Total equity: $4.268 billion (2020)