In the US, about 1200 companies produce basic industrial chemicals with a combined annual revenue of $120 billion. Industrial chemicals include gases, dyes and pigments, chlorine and caustic soda, sulfuric and nitric acids, and thousands of organic chemicals. Large companies include Dow, DuPont, and Occidental. The chemical processing industry is highly concentrated, where the 50 largest companies hold 70% or more of the revenue. Operations are generally located close to their raw materials and many need access to large water supplies for their strenuous waste treatment requirements. Some specialty chemicals contain a much larger concentration with only a few suppliers. The demand depends on the overall US economy because these products are primarily raw materials used for more complex products like fibers, paints, plastics, and paper. Efficient operations are the leading profit driver for these companies. Manufacturing companies focus on the highest possible yield for their products.
Key Benefits of Teflon™ industrial coatings:
- Storage tanks and drums
- Processing tanks
- Pipes and pumps
- Impellors, agitators, and baffles
For more information on the coating markets for Teflon™ industrial coatings and resources available, click here.