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Solvay SWOT & PESTLE Analysis

ID : 52736053| Sep 2020| 15 pages


Business Sector :Chemicals

Operating Geography :Belgium, Europe, Global

About Solvay :

Solvay is a Belgian chemical company whose headquarters are located in Neder-Over-Heembeek, Brussels, Belgium. This global chemical and advanced materials firm was founded by Alfred and Ernest Solvay in 1863. The company seeks to help its clients innovate, develop and deliver high-value, viable goods and solutions that consume less energy and decrease CO2 emissions, optimize resource utilization and enhance the quality of life. The company provides its products and services to a number of industries and markets globally, including automotive and aviation, consumer and healthcare goods, energy and environment, electricity and electronics, design and production, and industrial applications. As of 2020, it has operations in 115 sites in 64 countries around the world. This includes 21 major research and innovation centers where over 2,350 scientists driving the innovation behind the company’s success. The global presence of the company allows it to keep abreast with the constant changes occurring within the chemical industry and develop appropriate products which are able to deal with trending issues like climate change, sustainability and increasing standards for health and well-being. The company employs around 24,100 workers as per early 2020 records.
The company’s purpose is to “bond people, ideas and elements to reinvent progress.”

Solvay Revenue :

€10.2 billion - FY 2019 (y-o-y growth -1%)
€10.3 billion - FY 2018

Competitive Analysis of Solvay

The SWOT analysis for Solvay is presented below
1. Strongly focused on creating products and solutions with customer-centricity in mind
2. Strong market position in composite materials used in aerospace
3. Open innovation culture of the company
4. Strong brand recognition of Solvay
1. Anti-trust proceedings, HSE related proceedings and discontinued pharmaceutical activities affecting the company’s reputation
2. Exposed to large pension liabilities
1. Integrating sustainability into its business and investments
2. Changing mindsets through the circular economy
3. Innovation acceleration in batteries for EV-vehicles
4. Demand for productivity, efficiency and sustainability in mining
1. Climate related transition risks
2. Regulatory, political and legal threats
3. Foreign currency risks
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Detailed SWOT Analysis of Solvay



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1. Integrating sustainability into its business and investments: One of the key aspects of the Group's strategy is its decision to change its Capex approval policy to include an internal CO2 cost that is higher than the market rate (€ 75 per tonne) with a view to promoting a move towards investment in more sustainable activities. We may offer lower profitability than normal business, but the organization does not want to invest without profitability in order to reduce CO2 emissions. The organization also retains financial rigor in its investments. The Group also assessed the potential impact on investment and business opportunities of its aggressive goal to reduce its greenhouse gas emissions by one million tons by 2025. The goal of moving towards an absolute reduction strategy is to align the company with efforts to decarbonize the European economy by 2050 and is proof of Solvay's commitment not to expand its business to the detriment of the environment. Solvay's SPM system helps reduce CO2 emissions and resource consumption.

2. Changing mindsets through the circular economy: Much of today's economy is linear but the linear model is finite: raw materials cannot be consumed forever and the climate is changing drastically. Transition to a circular economy offers solutions and endless incentives. Solvay must change the value chain of its customer. The organization has agreed to become a Global Partner of the Ellen MacArthur Foundation. The Foundation opens up opportunities to engage with leaders in the field, and also opens up access to training and learning. The company should also look for ways of incorporating the circular economy into its business model, an initiative that is still in its early stages but which explores areas such as enhancing the recyclability of composites and metal recovery. Circular economy is an emerging new economic system that is durable and creates value on a sustainable basis; it keeps all products re-circulating constantly, without waste and without waste. This aims to reduce the amount of waste associated with products and services during their use time.

3. Innovation acceleration in batteries for EV-vehicles: The EV market foresees an annual global growth of +30% in the next four years - set to make up 80% of the Lithium-ion (Li-ion) battery market by 2022. The demands for electric vehicles and consumer electronics will drive strong growth in Li-ion batteries. However, the requirement is of advanced technology for faster charging, better layout of battery pack and higher energy density. Reducing costs per kWh is also critical because electric vehicles are striving to compete with automobiles. Solvay is at the cutting edge of battery innovation. Solvay’s ambition is to provide its customers with new and efficient materials to solve challenges in the field of batteries. At the heart of the prestigious EWHA Womans University, Solvay's R&I Center in Seoul is able to build unique partnerships with customers and key market players. The company has joined its peers in the European SAFT initiative to research, develop and industrialize solid-state batteries. And in parallel, they have developed proprietary technology to make a solid electrolyte and support the transition to solid-state batteries. And the company expect their performance on this high-barrier-to-entry market to accelerate even further. One of their high energy solutions which will benefit them a lot in the coming future is Energain® technologies. This will allow next-generation Li-ion batteries to operate at a higher voltage for higher energy density and are now being validated for both electric vehicles and consumer electronics.

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Check Out Analysis of Other Relevant Companies

References used in Solvay Analysis Report

1. Solvay annual report 2019 -

2. Solvay annual report 2018 -

3. Solvay company profile -

4. Solvay company website -

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How to Reference This Page?

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SWOT & (2021). Solvay SWOT & PESTLE Analysis - SWOT & [online] Available at: [Accessed 02 Mar, 2021].

In-text: (SWOT &, 2021)

Copyrights and Disclaimer

Solvay SWOT and PESTLE analysis has been conducted by Suparna Chakroborty and reviewed by senior analysts from Barakaat Consulting.

Copyright of Solvay SWOT and PESTLE Analysis is the property of Barakaat Consulting. Please refer to the Terms and Conditions and Disclaimer for usage guidelines.

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