Teflon™ coatings are primary used in the oil and gas field service category, a market that consists of some 8,000 companies with a combined $89 billion in annual revenue. The field service and equipment industry is very fragmented and while there are some large players (e.g., FMC, Schlumberger, Haliburton, Baker Hughes, etc.), over half of the companies in the oil and gas services market employ fewer than 5 people. Not surprisingly, there is a heavy geographical concentration in Texas and the Gulf of Mexico in the U.S., while activity in Canada is centered in the Edmonton and Calgary markets. The demand for coating parts is primarily driven by new equipment manufacturing. The U.S. government’s recently issued target to reduce oil imports from the Middle East by 75% by the year 2025 represents an additional market driver that promises to boost business growth significantly in North America.
Key Benefits of Teflon™ industrial coatings:
- Corrosion resistance
- Chemical resistance
- Low coefficient of friction
- Fasteners - Anti-galling with corrosion resistance
- Subsea completions equipment -Anti-galling, corrosion resistance, and minor chemical resistance
- Trees - Subsea trees also known as Christmas trees for above ground applications. Trees control pressure and use fluids and chemicals to control that pressure
- Well Heads
- Manifolds - stations of connection points where all the separate trees flow together, it’s where the oil and gas are combined and balanced from a pressure standpoint. Each tree has a different pressure and content of oil and gas and the manifold balances that pressure and content.
- Sleds - termination junction points used to flow multiple jumpers (pipes) from the trees into one point
- Separators - used in deep drilling sites to separate the liquid from the gas fumes and use that pressure to pump it up to the surface.
- Pump parts - low coefficient of friction is utilized in pump parts, specifically in the oil and sand industry
For more information on the coating markets for Teflon™ industrial coatings and resources available, click here.