The aerospace industry has about 1,500 companies with combined annual revenue of $125 billion. The industry is highly concentrated with the largest 20 customers accounting for nearly 90% of its total revenues. In addition to industry giants such as Boeing, Northrop Grumman, and Lockheed Martin, a large number of subcontractors are active industry participants and many of them represent attractive growth prospects for suppliers of industrial coating products. The Federal Government, primarily the Department of Defense, is by far the industry’s largest customer. Government contracts typically begin with an announced need and end with a bidding process. Once the contract is awarded, it remains conditional on the availability of Congressional financing.
Key Benefits of Teflon™ industrial coatings:
Typical Applications:
For more information on the coating markets for Teflon™ industrial coatings and resources available, click here.
