Lanxess AG Stock

Description Lanxess

Lanxess is a specialty chemicals company headquartered in Cologne, Germany. It was founded in 2004 as a spin-off from the Bayer AG chemicals company. Lanxess operates through four business segments: Advanced Intermediates, Specialty Additives, Performance Chemicals, and Engineering Materials.

Its products are used in a wide range of end markets, including automotive, construction, electronics, food and beverage, household and personal care products, agriculture, and others. Some examples of Lanxess' products are high-tech plastics, synthetic rubber, leather chemicals, color pigments, and pesticides, among many others.

Lanxess is listed on several stock exchanges, including the OTC markets in the USA under the ticker symbol LNXSF. The company has a market capitalization of around €6.5 billion, and its stock price has been quite volatile in recent years, reflecting the ups and downs of the chemicals industry and the wider economy.

Competitors of Lanxess

Lanxess AG is a German specialty chemicals company listed on multiple stock exchanges including the OTC market in the US (Symbol LNXSF). Some of the most important competitors of Lanxess are:

1. BASF SE: BASF is a German chemical company and one of the largest chemical producers in the world. It competes with Lanxess in various segments such as performance chemicals, plastics, and coatings.

2. Dow Chemical Company: Dow is an American multinational chemical company, which operates in a broad range of businesses, including specialty chemicals, materials science, and agricultural sciences. It is a major competitor for Lanxess in the production of specialty chemicals.

3. AkzoNobel: AkzoNobel is a Dutch company that operates in various industries, including coatings, decorative paints, and specialty chemicals. Lanxess and AkzoNobel compete in the coatings and specialty chemicals segments.

4. Evonik Industries AG: Based in Essen, Germany, Evonik Industries AG produces specialty chemicals and operates in several business areas such as coatings, plastics, and performance materials. It is a key competitor of Lanxess in the specialty chemicals segment.

5. Solvay: Solvay is a Belgian chemical company that produces specialty chemicals for various applications such as aerospace, automotive, and construction. It competes with Lanxess in areas such as plastics, coatings, and high-performance polymers.

Overall, Lanxess faces tough competition from these global players in various business segments. The company would need to continue to innovate and focus on providing high-quality products to maintain its market position.