Corporate Overview - Reporting Segments

Industrial Performance Products

The Industrial Performance Products segment develops, manufactures and markets specialty performance chemicals, formulations and polymers. Industrial Performance Products include:
               
• synthetic base-stocks and petroleum additives that enable engine and machine protection through friction reduction, thermal and oxidative stabilization detergency, ,corrosion inhibition, and wear protection in transportation and industrial lubricating fluids and greases;
• specialty synthetic finished lubricants and greases for aviation, marine, refrigeration, power generation and general industrial applications;
               
• thermoset and thermoplastic urethane polymers engineered to provide superior performance properties in a broad range of industrial and recreational applications; and
               
• polyester polyols for cast polyurethane pre-polymers, flexible polyurethane foams and water-based polyurethane dispersions used in various types of coatings such as wood floor finishes, glass fiber coatings and textile treatments.

These products are supplied to our customers globally through diverse sales channels including selected distribution channel partners.

The Industrial Performance Products segment had net sales of $886 million for 2015 , $987 million for 2014 and $979 million for 2013. This segment represented 51% , 45% and 44% of our total net sales in 2015 , 2014 and 2013 , respectively. The major product offerings of this segment are described below and in the table above.

Industrial Engineered Products

We are a global leader in manufacturing and selling engineered specialty chemicals utilized in the plastics, agriculture, fine chemicals, oil and gas, building and construction, insulation, electronics, mercury control, solar energy, pharmaceutical and automotive industries. Our products include catalyst components, surface treatments, flame retardants and an extensive bromine based product line used as agricultural and pharmaceutical intermediates, completion fluids for oil and gas extraction and mercury control products for coal fired power stations. These products are sold across the entire value chain ranging from direct sales to monomer producers, polymer manufacturers, compounders and fabricators, fine chemical and pharmaceutical manufacturers, photovoltaic panel and LED producers, oilfield service and electricity generation companies to industry distributors.

The Industrial Engineered Products segment had net sales of $722 million for 2015 , $800 million for 2014 and $803 million for 2013. This segment represented 41% , 37% and 36% of our total net sales in 2015 , 2014 and 2013 , respectively.