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:
Typical Applications:
For more information on the coating markets for Teflon™ industrial coatings and resources available, click
here.