BASF Plans to Divest Multiple Businesses Over the Next Several Years to Focus on Core

BASF is the world’s largest chemical company, producing commodity and specialty chemicals in nearly every major category. The firm maintains a top-three market position in over two thirds of its businesses. Its products are sold to a wide variety of end markets ranging from industrials to transportation to pharmaceuticals to agriculture. The catalysts business generated around 17% of companywide revenue in 2023, while agriculture generated roughly 15%. The remaining 11 business lines accounted for roughly 10% or less. BASF is fairly vertically integrated, manufacturing many chemicals that serve as inputs to its other segments.