# If Kuraray moves, who benefits? How far does the value-chain ripple reach?
Canonical: https://valuechain.wiki/kuraray · Facet: ripple · Updated: 2026-10-18T20:23:53.57+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Per the valuechain.wiki graph, Kuraray is directly linked to 2 companies (0 supply, 2 revenue relationships) and reaches 3 companies within two hops; the links are backed by 7 dated sources, 1 of them primary filings (as of 2026-10-18).

Kuraray’s materials layer ran first at +50.1% in 2023 and +51.0% in 2024, then reversed 24.7% in 2025. Nitto Denko gained 26.0% that year, so optical-film demand did not propagate uniformly into supplier shares. Kuraray partly recovered to +15.5% in 2026, while American Water’s +10.1% points to defensive PFAS-treatment demand. The lagging leg is not the optical customer but relief from feedstock and fuel pressure and profit conversion from Calgon Carbon capacity. The exception is company-specific portfolio damage, such as the Isoprene impairment, overwhelming demand recovery.

## Demand chain (leading)
- T1 Nitto Denko (https://valuechain.wiki/nitto-denko.md)
- T2 LG Display (https://valuechain.wiki/lg-display.md)
- T3 LG Electronics (https://valuechain.wiki/lg-electronics.md)
- T3 Apple (https://valuechain.wiki/apple.md)
- T3 Samsung Electronics (https://valuechain.wiki/samsung-electronics.md)
- T1 American Water Works (https://valuechain.wiki/american-water-works.md)

---
Full node: https://valuechain.wiki/kuraray.md · JSON: https://valuechain.wiki/kuraray.json