Texas-based Celanese Corporation is a global hybrid chemical company. The company produces chemical substances and materials. About 95% of Celanese's products rank either first or second in their respective markets, based on market shares.

Celanese makes high performance engineered polymers that are used in a range of high-value applications. It also produces acetyl products for most major industries.

The company's vast product portfolio caters a number of end-use applications including automotive, construction, consumer and industrial adhesives, performance industrial, textiles, chemical additives, consumer and medical, energy storage, filtration, paints and coatings, paper and packaging and food and beverage. The company generated revenues of roughly $10.9 billion in 2023.

The company's operating segments are as follows:

Engineered Materials/EM (44% of 2023 sales): The segment develops, produces and supplies high performance technical polymers for application in automotive and electronics products and in other consumer and industrial applications. The primary products of Advanced Engineered Materials are Polyacetal products and ultra-high molecular weight polyethylene (GUR).

Acetyl Chain (56%): This segment includes intermediate chemistry, emulsion polymers, ethylene vinyl acetate polymers, redispersible powders and acetate tow businesses, which serves diverse consumer end-use applications including paints, coatings, adhesives, filter products, flexible packaging, thermal laminations, pharmaceuticals, wire and cable and compounds.

Effective Dec 31, 2022, the company restructured its reportable segments to align with recent structural and management reporting changes. The realignment reflects the integration of the former Acetate Tow reportable segment into the Acetyl Chain segment. The change reflects the conclusion of a shift in operating strategy with a focus on integration, collaboration and maximization of value creation.