He added that the strong demand for many of the company's products, which are used by a wide range of industries globally, suggest that the world's economies may not be in as dire straights as economic data suggest.
Huntsman's second-quarter performance was led by the company's polyurethanes segment, which saw its revenue increase 12 percent, to $1.27 billion, compared with $1.13 billion in the same quarter a year earlier. Polyurethanes are chemicals used in the production of foams, insulation and adhesives.
For the first six months of its 2012 fiscal year, Huntsman saw its revenue increase to $5.8 billion from $5.6 billion a year earlier.
Net income attributed to Huntsman Corp. for the six-month period reached $287 million, or $1.21 cents per share, compared with $176 million, or 74 cents per share, recorded for the first half of 2011.