About 1500 companies in the U.S. manufacture and market medicinal drugs, generating combined revenues of over $200 billion. The pharmaceutical industry is highly concentrated, with the 50 largest manufacturers (e.g., Merck, Pfizer, Abbott, Eli Lilly, etc.) accounting for over 80% of the total revenue. Small companies are mainly active in research or the manufacture of non-prescription drugs. The larger companies offer the most potential for coating operations in areas such as chemical resistance and some molding operations in the final packaging stages. Overall industry fundamentals are very positive as the aging of the baby boomer generation promises to increase market demand. The market is driven primarily by the research and development and marketing functions, and speed to market is essential for continued growth.
Key Benefits of Teflon™ industrial coatings:
Typical Applications:
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