Company Market Research Report: Stepan Company

Company Overview

• Name: Stepan Company

• Mission: To provide innovative chemical solutions for a cleaner, healthier, more energy-efficient world.

• Founded: 1932 by Alfred C. Stepan Jr.

• Key People: No specific key people were mentioned.

• Headquarters: No information is available on the headquarters location.

• Number of Employees: 2,200+ global employees

• Revenue: $2 billion

• Known For: A leading merchant producer of surfactants, polyurethane polyols, and high purity esters, fats, and oils for various industries including consumer products, pharmaceuticals, and dietary supplements.

Products

Stepan Company offers more than 650 commercial products and hundreds of custom formulated blends serving a wide range of industries.

• Surfactants: Key ingredients in consumer products such as laundry detergents, hard surface cleaners, disinfectants, shampoos, and body washes.

• Key Features: Customized solutions for agricultural, oilfield, and construction markets.

• Polyurethane Polyols: Used in the thermal insulation market.

• High Purity Esters, Fats, and Oils: For pharmaceutical, medical nutrition, and dietary supplement industries.

Recent Developments

• Sustainability Initiatives: Released the 2023 Sustainability Report titled "Elevating Sustainability | Leveraging Our Foundations for a Resilient Future." This report highlights Stepan's commitment to ethical business practices, social, and environmental responsibility.

• Partnerships: Collaborating with French academic partners to develop new biocontrol solutions against rapeseed Sclerotinia.

• New Product Concepts: Introduced the “Beauty on the Go!” concept at In-Cosmetics® Korea 2024, featuring eco-friendly personal care products designed for travel and sustainability.

• STEPAN Removes: Creating global collaboration labs to enhance customer support and assist with formulation development across various locations.

Innovation and Research

Stepan embraces a broad view of sustainability and aims to develop products that balance the needs of a growing population with environmental sustainability goals. Their global research and development team of 230 scientists focuses on innovative solutions to support customer success and operational efficiency.

• R&D Overview: More than 2600+ years of combined expertise, with a focus on sustainable product and process development.

• Markets Served: 20 markets including Agriculture, Coatings, Construction, and Personal Care.

• Sustainably Advantaged Products: 80% of the R&D investment is dedicated towards sustainable processes and products.

Stepan continues to drive future growth through operational excellence and strategic collaborations aimed at enhancing product performance and sustainability.

Note: No specific information was given on new product launches or specific partnerships beyond those mentioned here.