Sumitomo Chemical Co., Ltd

Sumitomo Chemical Co., Ltd Overview

Company Headquarters: Japan

Founded: 1935

Workforce: ~31,837

Company Working: Sumitomo Chemical Co., Ltd (Sumitomo Chemical) is one of the leading chemical companies in Japan. It is engaged in the manufacturing and sale of various chemical products. The company operates through petrochemicals and plastics, energy and functional materials, IT-related chemicals, health and crop sciences, and pharmaceuticals segments. Under the petrochemicals and plastics segment, it manufactures ammonium sulfate that is used as an industrial chemical. The Sumitomo Group comprises over 100 subsidiaries and has a significant presence in the Asian market. Sumitomo Chemical’s research organization comprises three major laboratories—the business sector research laboratories, corporate research laboratories, and production and safety fundamental technology center.

Strategy

The Sumitomo Chemical Group has been expanding its business around the world with the aim of building the Sumitomo Chemical brand on a global scale. The Group’s current overseas sales revenue ratio exceeds 60%. The company intends to aggressively expand the Group’s competitive businesses to markets around the world to achieve sustainable growth.

The company aims to focus on new business opportunities and strengthen its foothold through accelerating green transformation, digital transformation, and innovation.

Company Snapshot

$21.3M

Revenue

31,837

Employees

1935

Founded

Japan

Headquarters

SWOT Analysis

Strengths

Wide product portfolio
Caters services to wide range of industries
Vast manufacturing capacity
Strong R&D capabilities
Revenue growth by nearly 20% between 2016 and 2018
Strong relations with prominent customers in the Asian market
R&D investment of USD 4.69 billion as of 2021
Large manufacturing capabilities with state-of-the-art laboratory
Held 13,759 patents as of 2021

Weaknesses

Limited global presence
Dependency on suppliers
Low liquidity
Interest-bearing liabilities of USD 11,740 million as of 2021

Opportunities

Collaborations with suppliers
Growing demand for isobutylene fuel additives
Strategic investments on capacity expansions, mergers, and R&D facilities
Digitalization and sustainable business oppotunities

Threats

Intentions competition with key players with wide global presence
Natural calamities
Fluctuating currency exchange rates
Environmental risks

Key Developments

Date	Approach	Development
October 2016	Merger	Sumitomo Chemical merged its three wholly-owned subsidiaries—Sumitomo Chemical Asia Pte Ltd, Sumitomo Chemical Singapore Pte Ltd, and Sumitomo Chemical (Asia Pacific) Pte. Ltd. to be called as Sumitomo Chemical Asia Pte Ltd. This merger is to strengthen its competitive advantage in the marketing, sales, production, and supply chain management of petrochemicals and plastics and other chemical products in Asia-Pacific. The combined expertise of all the three companies will help Sumitomo Chemical to attain the overall optimization of the integrated business operations.

Product Offering

Sumitomo Chemical Co., Ltd
- Petrochemicals and plastics
- Global Textile Coatings

Financial Performance

What our clients say

Trusted by forward-thinking businesses
for data-driven intelligence

Noah Malgeri

Co-Founder, Mojave Rail Fabrication Limited

This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.

Michael Robert

Manager, JavolVision

Thanks, I am so happy that we worked together. Maybe we still can work together in the future.

Joseph Aguayo

Sales Operations & Pricing Manager, Intel

Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.

Bong Lau

Sales Leader, Bamberg

We bought your "2025 report" in 2020. Everything is fine and very good.

Peter Groot Koerkamp

Account and Business Manager, EFS-Holland BV

Thanks for sending the report it gives us a good global view of the Betaïne market.

Younghwan Choi

Senior Retail Manager, LG Chem

We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.

Mark Irwin

Management Consultant, Level 21

I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.

Rob Kooiker

Group Product Manager HVAC & Fire Protection GMA, Rockwool

I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!

Jason Lee

R&D Director, Seojin

Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.

Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.