Chemours Co (NYSE: CC)

The Chemours Company is a leading global provider of performance chemicals that serve as key inputs in a variety of end-products and industrial processes across multiple sectors. The company delivers customized solutions through its portfolio of industrial and specialty chemical products serving markets such as refrigeration and air conditioning, paints and coatings, plastics, transportation, semiconductor and consumer electronics, general industrial, and oil and gas. Its principal products include refrigerants, titanium dioxide (TiO₂) pigment, and industrial fluoropolymer resins. The Chemours Company operates 28 major production facilities in eight countries and serves approximately 2,400 customers across about 110 countries.

The company generates revenue primarily through the sale of its performance chemical products, including refrigerants, thermal management solutions, propellants, blowing agents, specialty solvents, TiO₂ pigment, and high-end polymers and advanced materials under brands such as Opteon™, Ti-Pure™, Teflon™, Viton™, Krytox™, and Nafion™. These products are sold to a diverse base of industrial and commercial customers who rely on them for critical functionalities in their manufacturing processes and end products. Revenue is derived from both direct sales and distribution channels, with contracts ranging from spot-pricing arrangements to medium- and long-term agreements. The company's sales are not materially dependent on any single customer, with no individual customer representing more than 10% of consolidated net sales as of December 31, 2025.

The Chemours Company operates through the following three reportable segments: Thermal & Specialized Solutions, Titanium Technologies, and Advanced Performance Materials.

• The Thermal & Specialized Solutions segment is a leading global provider of refrigerants, thermal management solutions, propellants, foam blowing agents, and specialty solvents. It has maintained a leading position in the refrigerants market since the commercial introduction of Freon™ in 1930 and is a leader in developing sustainable technologies like Opteon™, a line of low global warming potential (GWP) hydrofluoroolefin (HFO) refrigerants and specialty fluids. This segment serves approximately 800 customers and distributors globally and experienced seasonal demand patterns with higher sales in the first half of the year due to air conditioning demand in the northern hemisphere.

• The Titanium Technologies segment is a leading global manufacturer of TiO₂ pigment, sold under the Ti-Pure™ brand, used to deliver whiteness, brightness, opacity, durability, and protection in applications such as architectural and industrial coatings, plastic packaging, laminated paper, and coated paperboard. It operates three TiO₂ production facilities in the U. S. and Mexico, with a nameplate capacity of approximately 1.1 million metric tons per year, and operates mineral sands mines and separation facilities in Florida and Georgia. The segment serves approximately 500 customers globally, with its 10 largest customers accounting for over 44% of segment net sales in 2025, and one customer representing over 20% of segment net sales.

• The Advanced Performance Materials segment is a leading global provider of high-end polymers and advanced materials that deliver unique attributes including chemical inertness, thermal stability, low friction, weather and corrosion resistance, and electrical insulation. Its product portfolio includes specialty solutions, membranes, industrial resins, and coatings sold under the Teflon™, Viton™, Krytox™, and Nafion™ brand names. This segment serves approximately 900 customers and distributors globally, serves markets such as consumer electronics, semiconductors, transportation, energy, oil and gas, defense, and medical, and experienced historically lower sales in the fourth quarter due to planned maintenance activities.

The Chemours Company holds a strong position within the performance chemicals industry, leveraging its leadership in fluorine chemistry and materials science, broad operational scale, applications development capabilities, and deep customer relationships. In Thermal & Specialized Solutions, it competes against companies such as Solstice Advanced Materials, Arkema S. A., Orbia, Daikin Industries Ltd., and Chinese F-gas producers. In Titanium Technologies, its major competitors include Tronox Holdings plc, LB Group Co. Ltd., Kronos Worldwide Inc., and INEOS AG. In Advanced Performance Materials, key competitors are Daikin Industries Ltd., Syensqo S. A., AGC Inc., Gujarat Fluorochemicals Limited, and Dongyue Group Co., Ltd. The company's competitive advantages stem from its innovation and technical expertise, ability to operate complex manufacturing sites safely, long-term customer relationships based on trust and reliability, and its skilled workforce.

The Chemours Company serves a diverse customer base across its three segments, including approximately 800 customers in Thermal & Specialized Solutions, 500 in Titanium Technologies, and 900 in Advanced Performance Materials, with many relationships spanning decades. Its customers are typically leaders in their respective industries and include producers of decorative and industrial coatings, automotive and industrial coatings, polyolefin master batches, PVC, engineering polymers, laminate paper, coated paper and paperboard, semiconductor manufacturers, battery and fuel cell producers, aerospace and defense contractors, and operators in oil and gas, transportation, and data center sectors. The company's sales are not materially dependent on any single customer, with no individual customer exceeding 10% of consolidated net sales as of December 31, 2025.