$1.4bn
$XX.Xm
913
16
$XX.Xm
The PTFE (Teflon) coating manufacturing industry produces polytetrafluoroethylene (PTFE), a synthetic chemical formed entirely of carbon and fluorine. The PTFE polymer is nonstick and nonreactive, with low friction and high thermal resistance. It is highly desirable in various applications, including automotive lubrication and cookware coating. PTFE also has excellent electrical insulation properties, making it ideal for insulating cable, wires and circuit boards. However, the rising price of PTFE has constrained demand and revenue. In addition, the COVID-19 pandemic hindered industry revenue through limited downstream demand and increased operating costs. Despite early hurdles, demand increased alongside rising natural gas and crude oil prices, indicating high demand for associated products. PTFE (Teflon) Coating Manufacturing industry revenue has been expanding at a CAGR of 1.4% over the past five years and is expected to total $1.5 billion in 2024, when revenue will jump by an estimated 3.9%.
Industry revenue has declined at a CAGR of 3.0 % over the past five years, to reach an estimated $1.4bn in 2024.
Market size is projected to decline over the next five years.
Company | Market Share (%)
2023 | Revenue ($m)
2023 | Profit ($m)
2023 | Profit Margin (%)
2023 |
---|---|---|---|---|
The Chemours Company | 510.6 | 114.3 | 22.4 | |
3m Company | 430.0 | 108.2 | 25.2 |
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Industry revenue is measured across several distinct product and services lines, including Virgin grade PTFE and Mechanical grade PTFE . Virgin grade PTFE is the largest segment of the PTFE (Teflon) Coating Manufacturing in the US.
Virgin-grade PTFE is the industry's most demanded product
Operators in this industry manufacture polytetrafluoroethylene (PTFE). PTFE is a synthetic chemical that is nonstick and thermally resistant. Polytetrafluoroethylene is used in a variety of applications including cable insulation, automotive lubrication and cookware coating.
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NAICS 32521 - PTFE (Teflon) Coating Manufacturing in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
The bump in industrial production has led to a surge in demand for PTFE coatings. These coatings are highly valued for their non-stick, heat-resistant and chemically inert pr...
Learn about an industry's products and services, markets and trends in international trade.
Over the past five years, demand for virgin-grade PTFE has surged because of its superior heat and chemical resistance. These properties make it indispensable in various indu...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
The industry operates with facilities dispersed nationwide, underscoring its fragmented nature. This widespread geographic distribution highlights the high freight costs, whi...
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Price plays a crucial role because products are often purchased in bulk. Quality remains a significant factor, but competitive pricing can influence large-scale buying decisi...
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In this concentrated industry, the top two manufacturers generate the lion's revenue share, dominating the market landscape. Their significant market influence often shapes i...
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Manufacturers increasingly focus on sustainability to meet consumer demand and comply with regulations. This includes reducing emissions, using non-toxic materials and minimi...
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Larger manufacturers benefit significantly from brand recognition, which can lead to increased customer loyalty and trust. They can also pass higher production or material co...
Including values and annual change:
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The market size of the PTFE (Teflon) Coating Manufacturing in the US industry in United States is $1.4bn in 2024.
There are 16 businesses in the PTFE (Teflon) Coating Manufacturing in the US industry in United States, which has declined at a CAGR of 1.2 % between 2019 and 2024.
The market size of the PTFE (Teflon) Coating Manufacturing in the US industry in United States has been declining at a CAGR of 3.0 % between 2019 and 2024.
Over the next five years, the PTFE (Teflon) Coating Manufacturing in the US industry in United States is expected to decline.
The biggest companies operating in the PTFE (Teflon) Coating Manufacturing market in United States are The Chemours Company and 3m Company
Virgin grade PTFE and Mechanical grade PTFE are part of the PTFE (Teflon) Coating Manufacturing in the US industry.
The company holding the most market share in United States is The Chemours Company.
The level of competition is moderate and steady in the PTFE (Teflon) Coating Manufacturing in the US industry in United States.