Company profile

Future of Eastman Chemical

#
Rank
154
| Quantumrun Global 1000

Eastman Chemical Company is a worldwide specialty chemical company that manufactures a wide range of advanced chemicals, fibers and materials for everyday purposes. It is based in Kingsport, Tennessee, and established in 1920. It now has over forty production sites in the globe.

Home Country:
Sector:
Industry:
Chemicals
Founded:
1920
Global employee count:
14000
Domestic employee count:
Number of domestic locations:
22

Financial Health

Revenue:
$9008000000 USD
3y average revenue:
$9394333333 USD
Operating expenses:
$922000000 USD
3y average expenses:
$972333333 USD
Funds in reserve:
$181000000 USD
Market country
Revenue from country
0.42
Revenue from country
0.52

Asset Performance

  1. Product/Service/Dept. name
    Additives and functional products
    Product/Service revenue
    2368000000
  2. Product/Service/Dept. name
    Adhesives and plasticizers
    Product/Service revenue
    1214000000
  3. Product/Service/Dept. name
    Advanced materials
    Product/Service revenue
    2414000000

Innovation assets and Pipeline

Investment into R&D:
$219000000
Total patents held:
1672
Number of patents field last year:
20

All company data collected from its 2016 annual report and other public sources. The accuracy of this data and the conclusions derived from them depend on this publicly accessible data. If a data point listed above is discovered to be inaccurate, Quantumrun will make the necessary corrections to this live page. 

DISRUPTION VULNERABILITY

Belonging to the chemicals sector means this company will be affected directly and indirectly by a number of disruptive opportunities and challenges over the coming decades. While described in detail within Quantumrun’s special reports, these disruptive trends can be summarized along the following broad points:

*First off, artificial intelligence (AI) systems will discover new thousands of new compounds faster than humans that can, compounds that can be applied to everything from creating new makeup to cleaning agents to more effective medicines.

*This automated process of chemical compound discovery will accelerate once AI systems are integrated with mature quantum computers by the late 2020s, allowing these AI systems will compute ever more massive amounts of data.

*As the Silent and Boomer generations enter deep into their senior years by the late 2020s, this combined demographic (30-40 per cent of the global population) will represent a significant financial strain on the health systems of developed nations. This crisis will encourage these nations to fast-track the testing and approval process for new drugs that may improve the overall physical and mental health of patients so that they can lead more independent lives outside of the health care system. The chemical industry will partner with the pharmaceutical industry to address this market need.

COMPANY’S FUTURE PROSPECTS

Company Headlines