Dow Chemical(DOW)
American materials science company (NYSE: DOW, HQ Midland MI); one of 5 named dominant US IPA producers. Historical data shows Dow held ~12% of the IPA market from its Texas City, TX facility (906 million lb / 411,000 MT capacity as of ~2003). Dow's IPA operations are part of its Performance Monomers & Solvents business. Dow announced $250M expansion of its Louisiana IPA plant in Q4 2023. Dow's Freeport TX site is the largest chemical production complex in the Western Hemisphere — same campus produces IPA alongside ethylene, propylene, polyethylene, epoxy, and dozens of other chemicals. Dow is the #2 IPA producer in the US. Dow also makes high-purity electronic-grade IPA for semiconductor applications through its purification technology.