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Company Overview
About Dow Inc.
Dow Inc. is a Midland, Michigan-based global materials science company — publicly traded on the New York Stock Exchange (NYSE: DOW) as a Dow Jones Industrial Average and S&P 500 Materials component — producing performance materials and coatings (epoxy resins, acrylics, polyurethane systems), industrial intermediates and infrastructure (ethylene oxide, propylene glycol, polyurethanes), and packaging and specialty plastics (polyethylene resins for flexible packaging, agricultural films, and wire/cable jacketing) through approximately 35,000 employees in 31 countries. Dow Inc. was spun off from DowDuPont in April 2019 — one segment of the three-way DowDuPont breakup (Dow materials science, DuPont specialty products, Corteva agriculture) — concentrating Dow on commodity and specialty chemicals where scale and feedstock integration create structural cost advantages over less-integrated competitors. In fiscal year 2024, Dow reported revenues of approximately $44.6 billion, with adjusted EBITDA of approximately $5.4 billion — reflecting the materials science cycle's pressure from elevated natural gas and naphtha feedstock costs (European gas prices remaining elevated versus pre-2022 levels), weak downstream demand in construction (polyurethane insulation), automotive (coatings and sealants), and consumer packaging (flexible films). CEO Jim Fitterling leads Dow's strategic transformation toward circularity and carbon neutralization: the Path2Zero program (building the world's first net-zero integrated ethylene cracker in Alberta, Canada — Fort Saskatchewan Decarbonization project — converting existing ethylene production to hydrogen-fired crackers and carbon capture by 2030) positions Dow for the premium pricing that brand owners (Unilever, P&G, Nestlé) will pay for demonstrated low-carbon polyethylene resin to meet their Scope 3 emissions commitments.
Business Model & Competitive Advantage
Dow's materials science model creates competitive advantages through the feedstock integration and asset optimization of the petrochemical value chain: Dow's US Gulf Coast operations are vertically integrated from ethane feedstock (purchased from US shale natural gas producers at $0.20-0.30/gallon) through ethylene cracking (world-scale crackers producing 5+ billion pounds per year) to polyethylene resin production (LLDPE, HDPE, LDPE for flexible packaging, pipe, and industrial applications) — capturing the full chemical transformation value chain at each step's margin rather than paying spot prices at each intermediate stage. The Dow Chemical Company's 127-year history (founded 1897 by Herbert Dow using brine electrolysis) created process chemistry IP and continuous improvement culture across bleach, magnesium, plastics, and coatings chemistry that modern competitors cannot easily replicate in capital-intensive commodity chemical manufacturing. Dow's global scale in polyethylene (Dow is the world's largest polyethylene producer at 11+ billion pounds per year capacity) provides purchasing power for feedstock, technology licensing, and logistics that smaller polyethylene producers cannot match — enabling structural cost leadership at every point in the global polyethylene supply chain.
Competitive Landscape 2025–2026
In 2025, Dow competes in polyethylene resins, performance coatings, and industrial chemicals against LyondellBasell (NYSE: LYB, second-largest global polyethylene and polypropylene producer), BASF (ETR: BAS, global chemical leader in specialties and commodities), and Huntsman Corporation (NYSE: HUN, MDI polyurethane and performance products) for flexible packaging polyethylene supply agreements, construction chemicals (polyurethane insulation, epoxy coatings) project contracts, and automotive OEM material specification. The global packaging material transition (brand owners seeking chemically recycled, mechanically recycled, or bio-based polyethylene to meet sustainability pledges) creates both disruption risk (if brand owners shift away from virgin polyethylene) and opportunity (Dow's RENUVA and REVOLOOP recycling technologies offering certified recycled polyethylene for premium packaging applications). The housing construction recovery (European and US building construction activity expected to improve from 2024 cycle lows) drives polyurethane insulation and construction chemical demand in Dow's Infrastructure segment. The 2025 strategy focuses on Path2Zero Alberta decarbonization project engineering progress, polyethylene margin improvement as ethane-to-polyethylene spreads normalize, and performance materials volume recovery as automotive and construction end markets strengthen.
The Dow Inc. Story
Founders
Recent Activity
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Major milestones in Dow Inc.'s journey
Leadership Team
Meet the leaders behind Dow Inc.
Jim Fitterling
Jim Fitterling has served as Chair and CEO of Dow since April 2020, having been named CEO-elect in March 2018 prior to becoming CEO in July 2018. He leads Dow's transformation into the premier materials science company with deep expertise in chemistry, operations, and sustainability, guiding the company through the DowDuPont separation and establishing Dow's strategic focus on high-growth markets and circular economy solutions.
Karen S. Carter
Karen S. Carter was appointed Chief Operating Officer effective December 3, 2024, with strategic oversight of Dow's three business operating segments. She previously served as president of Dow Packaging & Specialty Plastics. Carter joined Dow in 1994 and has held leadership positions across business operations, sales and marketing, and human resources during her 30-year career, bringing comprehensive operational expertise to the COO role.
Jeff Tate
Jeff Tate serves as Chief Financial Officer for Dow, effective November 1, 2023. He previously held the position of executive vice president and CFO of Leggett Platt from September 2019 to June 2023, and earlier in his career held various finance leadership roles at Dow from 1992 to 2019, bringing extensive financial expertise and deep knowledge of Dow's operations to his current role.
John Sampson
John Sampson serves as Senior Vice President for Operations, Manufacturing & Engineering, presiding over the Operations Leadership Team and accountable for Dow's global Operations organization of more than 22,000 employees across manufacturing sites in 31 countries. He leads initiatives in operational excellence, safety, and manufacturing efficiency across Dow's integrated global network.
A. N. Sreeram
A. N. Sreeram has served as Chief Technology Officer and Senior Vice President for Research & Development since April 2019. He leads Dow's global innovation strategy, research and development initiatives, and technology advancement efforts, driving breakthrough materials science solutions and sustainable product development across all business segments.
Keith Cleason
Keith Cleason was named president of Dow's Packaging & Specialty Plastics operating segment in December 2024, succeeding Karen S. Carter. He also assumes executive oversight for Latin America, bringing extensive experience in plastics and packaging markets to lead this approximately $23 billion business segment.
Marco ten Bruggencate
Marco ten Bruggencate was named president of Dow's Industrial Intermediates & Infrastructure business operating segment in December 2024. He also has executive oversight for Europe, the Middle East, Africa and India (EMEAI), leading strategic direction for this critical segment serving industrial customers globally.
Howard Ungerleider
Howard Ungerleider served as Chief Financial Officer through October 2023, playing a pivotal role in the DowDuPont merger and subsequent separation. His financial leadership and strategic guidance were instrumental in Dow's successful emergence as an independent materials science company and establishing its financial foundation for sustainable growth.
Key Differentiators
Market Leader
Dow Inc. is recognized as a market leader in the Manufacturing sector, demonstrating strong industry presence and customer trust.
Enterprise Scale
With $44.6B in revenue, Dow Inc. operates at enterprise scale with proven market validation.
Frequently Asked Questions
Estimated Visibility Trend (Beta)
Simulated 8-week rolling score
Based on estimated brand signals. Historical tracking coming soon.
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