Dow Chemical 2013 Annual Report Download - page 28

Download and view the complete annual report

Please find page 28 of the 2013 Dow Chemical annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 184

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184

6
Functional Materials principal businesses each serve one or more key market segments, as noted below:
Business Market Segment Technologies
Dow Consumer and
Industrial Solutions
Personal care, home care, industrial materials
and specialty applications
Technologies that differentiate our customers'
products often with improved sustainability
profiles
Dow Microbial
Control
Energy (oil and gas), industrial and consumer
goods, water and water processing
Comprehensive microbial control technology to
predict, diagnose and sustainably solve the
planet's most difficult microbial challenges
Dow Pharma and
Food Solutions
Pharmaceutical, food and nutrition; energy (oil
and gas); industrial materials
Cellulosic and other technologies used to help
bring new classes of medicines to market and
enable foods that are healthier (gluten-free,
reduced oil/fat content). Materials used in
coatings, oil and gas drilling and many other
industrial applications
Competition
Electronic and Functional Materials experiences competition in each business within the segment. The competitors include
many large, multinational chemical firms as well as a number of regional and local competitors. The segment's products have
unique performance characteristics that are required by customers who demand a high-level of customer service and technical
expertise from the Company's sales force and scientists; therefore, Dow is well positioned to withstand competitive threats. Key
competitors include Ashland, BASF, JSR Micro, Lonza and Shin-Etsu Chemical.
Joint Ventures
Electronic and Functional Materials includes a portion of the Company's share of the results of Dow Corning Corporation, a
joint venture that manufactures silicone and silicone products, which is owned 50 percent by the Company.
COATINGS AND INFRASTRUCTURE SOLUTIONS
Coatings and Infrastructure Solutions is comprised of an industry-leading portfolio of businesses utilizing advanced technology
to deliver products ranging from low volatile organic compound ("VOC") coatings to building insulation and adhesives to
water technologies. With unmatched research and development ("R&D") capabilities, a broad range of chemistries, extensive
geographic reach and strong channels to market, this segment is well positioned to capitalize on market trends. The segment
has broad geographic reach with sales in nearly 140 countries and R&D and manufacturing facilities located in key geographic
areas.
Details on Coatings and Infrastructure Solutions' 2013 sales, by business and geographic area, are as follows:
Dow Building and Construction
Dow Building and Construction is comprised of three businesses - Dow Building Solutions, Dow Construction Chemicals and
Dow Solar Solutions. Leveraging more than 60 years of building science experience and deep application expertise, Dow
creates high-performance solutions designed to help make residential and commercial buildings more comfortable, last longer,
save energy and reduce emissions. The business offers extensive lines of industry-leading insulation, air sealing and
weatherization products and systems; construction chemical solutions for increased durability, water resistance and lower
systems costs; and, building-integrated photovoltaics.