In 2023, Dow generated some 44.6 billion U.S. dollars of revenue, a decrease of about 22 percent in comparison to the previous year. This was the lowest figure recorded since 2020 – a year marked by the COVID-19 pandemic – when Dow's revenue had dropped to some 38.5 billion dollars. Dow is a U.S.-based chemical company, and one of the largest companies in the chemical industry worldwide. It is headquartered in Midland, Michigan.
Revenue distribution of Dow
Dow is composed of four different segments: Packaging & Specialty Plastics, Industrial Intermediates & Infrastructure, Performance Materials & Coatings, and Corporate. The Packaging & Specialty Plastics segment generated the most revenue in 2023, at over 23 billion U.S. dollars. Their Industrial Intermediates & Infrastructure segment followed, bringing in some 12.5 billion dollars. In regional terms, the U.S. alone accounted for over a one-third share of Dow’s revenue in 2023, with 15.3 billion dollars.
DowDuPont merger and spin-off
On September 1, 2017, Dow Chemical and DuPont successfully completed a merger of equals. From that date until April 1, 2019, the single company was known as DowDuPont. After that point in time, the conglomerate split into three entities: Dow, DuPont, and Corteva. Dow is primarily dedicated to commodity chemicals, whereas DuPont focuses on specialty chemicals, and Corteva in agricultural chemicals and seeds.
Revenue of Dow from 2005 to 2023
(in million U.S. dollars)
In 2018, DowDuPont reported approximately 86 billion dollars of revenue. Figures for 2015-2018 have been restated to reflect only the results of the spun-off company Dow.
This statistic was assembled using several releases of the publication.
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U.S. Securities and Exchange Commission. (January 31, 2024). Revenue of Dow from 2005 to 2023 (in million U.S. dollars) [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/267330/dow-chemicals-revenue-since-2005/
U.S. Securities and Exchange Commission. "Revenue of Dow from 2005 to 2023 (in million U.S. dollars)." Chart. January 31, 2024. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/267330/dow-chemicals-revenue-since-2005/
U.S. Securities and Exchange Commission. (2024). Revenue of Dow from 2005 to 2023 (in million U.S. dollars). Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/267330/dow-chemicals-revenue-since-2005/
U.S. Securities and Exchange Commission. "Revenue of Dow from 2005 to 2023 (in Million U.S. Dollars)." Statista, Statista Inc., 31 Jan 2024, https://www.statista.com/statistics/267330/dow-chemicals-revenue-since-2005/
U.S. Securities and Exchange Commission, Revenue of Dow from 2005 to 2023 (in million U.S. dollars) Statista, https://www.statista.com/statistics/267330/dow-chemicals-revenue-since-2005/ (last visited December 22, 2024)
Revenue of Dow from 2005 to 2023 (in million U.S. dollars) [Graph], U.S. Securities and Exchange Commission, January 31, 2024. [Online]. Available: https://www.statista.com/statistics/267330/dow-chemicals-revenue-since-2005/