PTFE (Teflon) Coating Manufacturing in the US - Market Research Report (2014-2029)
New York, United States
Last Updated: June 2024
NAICS OD5765Revenue
$1.4bn
Past 5-Year Growth
Profit
$XX.Xm
Employees
913
Businesses
16
Wages
$XX.Xm
PTFE (Teflon) Coating Manufacturing in the US industry analysis
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%.
Trends and Insights
- 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 properties, making them essential in various industrial applications and manufacturing processes.
- 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 industries, including electronics, automotive and medical, driving its market growth significantly.
- The industry operates with facilities dispersed nationwide, underscoring its fragmented nature. This widespread geographic distribution highlights the high freight costs, which are significant compared to the relatively low value of the transported products.
- 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 decisions. Balancing both aspects is vital for market success.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has declined at a CAGR of 3.0 % over the past five years, to reach an estimated $1.4bn in 2024.
Trends and Insights
Industrial production activity recovers
- Industrial applications are the largest source of demand for PTFE. Armor-piercing munitions are often coated with PTFE to reduce friction during barrel exit and target penetration. Electrical cables are regularly insulated with PTFE since the polymer is insulated and thermally resistant. PTFE can coat stainless steel, carbon steel, aluminum, steel alloys, brass, magnesium, glass, fiberglass, plastics and rubber.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to decline over the next five years.
Trends and Insights
A drop in natural gas and crude oil prices will hinder industry selling prices
- A decline in world prices for natural gas and crude oil over the next five years will have mixed effects on the industry. Lower energy costs, a major component of manufacturing Teflon coatings, will reduce production expenses, enhancing profit as selling prices remain stable. Also, lower raw material costs will make the products more competitively priced in the market.
Biggest companies in the PTFE (Teflon) Coating Manufacturing in the US
| Company | Market Share (%)
2023 | Revenue ($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 |
To view the market share and analysis for all 2 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
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.
Trends and Insights
Virgin-grade PTFE is the industry's most demanded product
- Virgin is a high-grade PTFE consisting of pure material with better friction characteristics. Virgin-grade products, often used for medical or electrical applications, carry multiple properties, such as heat and chemical resistance. Demand for virgin-grade PTFE has increased over the past five years as activity in these industries jumped.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- There are no industries to display.
Complementors
- Inorganic Chemical Manufacturing in the US
- Organic Chemical Manufacturing in the US
- Plastic & Resin Manufacturing in the US
- Chemical Product Manufacturing in the US
International industries
- Plastic & Resin Manufacturing in Canada
- Synthetic Resin and Synthetic Rubber Manufacturing in Australia
- Synthetic Resin and Synthetic Rubber Manufacturing in New Zealand
- Synthetic Rubber Manufacturing in China
Table of Contents
About this industry
Industry definition
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.
What's included in this industry?
Virgin grade PTFEMechanical grade PTFECompanies
The Chemours Company3m CompanyPurchase this report to view all 2 major companies in this industry.
Related Terms
POLYMERTHERMOPLASTICFLUOROPOLYMERIndustry Code
NAICS 32521 - PTFE (Teflon) Coating Manufacturing in the US
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
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...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
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...
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2024
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
The industry operates with facilities dispersed nationwide, underscoring its fragmented nature. This widespread geographic distribution highlights the high freight costs, whi...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each state
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each state in 2024
- Number and share of revenue each state accounts for in 2024
- Number and share of wages each state accounts for in 2024
- Number and share of employees in each state in 2024
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
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...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
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...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of The Chemours Company's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of 3m Company's performance by revenue, market share and profit margin from 2018 through 2024
Detailed analysis
- Description and key data for The Chemours Company, and factors influencing its performance in the industry
- Description and key data for 3m Company, and factors influencing its performance in the industry
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Manufacturers increasingly focus on sustainability to meet consumer demand and comply with regulations. This includes reducing emissions, using non-toxic materials and minimi...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
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...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Industry Multiples (2017-2022)
- Industry Tax Structure (2017-2022)
- Income Statement (2017-2022)
- Balance Sheet (2017-2022)
- Liquidity Ratios (2017-2022)
- Coverage Ratios (2017-2022)
- Leverage Ratios (2017-2022)
- Operating Ratios (2017-2022)
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
- US Census Bureau
- US Bureau of Labor Statistics
- US International Trade Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the PTFE (Teflon) Coating Manufacturing in the US industry in United States in 2024?
The market size of the PTFE (Teflon) Coating Manufacturing in the US industry in United States is $1.4bn in 2024.
How many businesses are there in the PTFE (Teflon) Coating Manufacturing in the US industry 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.
Has the PTFE (Teflon) Coating Manufacturing in the US industry in United States grown or declined over the past 5 years?
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.
What is the forecast growth of the PTFE (Teflon) Coating Manufacturing in the US industry in United States over the next 5 years?
Over the next five years, the PTFE (Teflon) Coating Manufacturing in the US industry in United States is expected to decline.
What are the biggest companies in the PTFE (Teflon) Coating Manufacturing in the US market in United States?
The biggest companies operating in the PTFE (Teflon) Coating Manufacturing market in United States are The Chemours Company and 3m Company
What does the PTFE (Teflon) Coating Manufacturing in the US in United States include?
Virgin grade PTFE and Mechanical grade PTFE are part of the PTFE (Teflon) Coating Manufacturing in the US industry.
Which companies have the highest market share in the PTFE (Teflon) Coating Manufacturing in the US in United States?
The company holding the most market share in United States is The Chemours Company.
How competitive is the PTFE (Teflon) Coating Manufacturing in the US industry in United States?
The level of competition is moderate and steady in the PTFE (Teflon) Coating Manufacturing in the US industry in United States.
