The Lux Competitive Benchmark for Large Chemical and Material Companies: Assessing corporate innovation effort and business performance

Although almost two centuries old, the chemical industry still requires innovation, particularly in using new digital technologies, to drive growth in the face of tough global market challenges. To assess who is positioned to succeed, we’ve analyzed 40 top chemical and material firms using the Lux Competitive Benchmark (LCB), which scores companies based on Innovation Effort and Business Execution. While there is not a universal relationship between Innovation Effort and Business Execution, specific segments do show a positive correlation, including diversified chemicals; paints, coatings, and adhesives; and materials.