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The Chemours Company  (CC)
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The Chemours's

Competitiveness


 

CC Sales vs. its Competitors Q3 2023



Comparing the current results to its competitors, The Chemours reported Revenue decrease in the 3 quarter 2023 year on year by -16.32 %, faster than the overall decrease of The Chemours's competitors by -8.13 %, recorded in the same quarter.

List of CC Competitors

With a net margin of 1.34 % The Chemours achieved higher profitability than its competitors.

More on CC Profitability Comparisons



Revenue Growth Comparisons




Net Income Comparison


The Chemours CompanyNet Income in the 3 quarter 2023 fell year on year by -91.67%, while most of its competitors have experienced a contraction in net income by -72.36 %.

<<  CC Stock Performance Comparisons


The Chemours's Comment on Competitors and Industry Peers


We estimate the worldwide demand for TiO2 in 2016 was approximately 5.7 million metric tons, of which 3.6 million metric tons were for premium performance pigments. Worldwide capacity in 2016 was estimated to be approximately 7.0 million metric tons. The products manufactured on this global capacity base are not fully substitutable due to pigment quality consistency and pigment product design. We believe that the utilization of the premium performance manufacturing base is considerably higher than that for general purpose - lower performance production.
Competition in the TiO2 pigment market is based primarily on product performance (both product design and quality consistency), supply capability and technical service. Our major competitors within higher performance pigments include: The National Titanium Dioxide Company, Ltd. (Cristal), Huntsman International LLC, Kronos Worldwide, Inc. and Tronox Limited.
Beyond multi-national suppliers, the other TiO2 pigment producers are very fragmented and mostly utilize the sulfate production process and compete in the general purpose – lower performance pigment market. In 2016, the combination of Sichuan Lomon and Henan Billions into the Lomon Billions entity demonstrated the consolidation of Chinese producers and created a large global producer representing approximately eight percent of global capacity. In the next one to three years, industry experts believe that there will be no new capacity added outside of China. Within China, the announced added effective capacity is expected to be somewhat offset by capacity shutdowns at marginal producers. Certain new capacity additions announced in China are based on a chloride technology.

 

Our Fluoroproducts segment competes against a broad variety of global manufacturers, including Honeywell, Arkema, Mexichem, Daikin, Solvay and Dyneon, as well as regional Chinese and Indian manufacturers. We have a leadership position in fluorine chemistry and materials science, a broad scope and scale of operations, market driven application development and deep customer knowledge.
Chemours has global leadership positions in the following fluoroproduct categories as set forth in the table below:

Fluoroproducts Leadership Positions
Product Group

Fluorochemicals


Refrigeration and Air Conditioning

Honeywell, Arkema, Mexichem, Dongyue, Juhua
Fluoropolymers

#1 Globally

Diversified industrial
applications

Daikin, 3M, Solvay, Asahi Glass Company, Dongyue, Chenguang
Fluoroproducts demand growth is generally in line with global GDP. Within Fluorochemicals, growth may be expected to be higher than GDP in situations where, for environmental reasons, regulatory drivers constrain the market or drive the market toward lower global warming alternatives. In Fluoropolymers, market growth is expected to be in line with GDP but influenced by increased competition and pricing pressure in some businesses.
Developed markets represent the largest fluoroproducts markets today. Global middle class growth and the increasing demand for expanding infrastructure, consumer electronics, telecommunications, automobiles, refrigerators and air conditioners are all key drivers of increased demand for various fluoroproducts.

The industrial and specialty chemicals produced by our Chemical Solutions segment are important raw materials for a wide range of industries and end markets. We hold a long standing reputation for high quality and the safe handling of hazardous products such as sodium cyanide, methylamines and Vazo™. Our competitive cost positions in these products are the result of our process technology, manufacturing scale, efficient supply chain and proximity to large customers. Our Chemical Solutions segment also holds, and occasionally licenses, what we believe to be a leading process technologies for the production of hydrogen and sodium cyanide, which are used in industrial polymers and in gold production.
Chemours has global leadership positions in the following product categories:

Chemical Solutions Leadership Positions
Product (Product Group)


Mining Solutions

#1 in Solid Sodium Cyanide in the
Americas

Gold Production

Orica, Cyanco





  

Overall company Market Share Q3 2023

Overall company, revenue fell by -16.32 % and company lost market share, to approximately 2.4 %.




<<  More on CC Market Share.
 
*Market share is calculated based on total revenue.

  News about The Chemours Company Contracts

The Chemours Company Reports Revenue Decrease and Net Income Contraction in Third Quarter 2023 Compared to Competitors, Highlights Need for Internal Review and Strategic Changes

Chemours Provides Update on Internal Review and Reports Revenue Decrease in 3rd Quarter 2023 Compared to CompetitorsThe Chemours Company recently released an update on its internal review, which was overseen by the Audit Committee of the Board of Directors with the help of independent outside counsel. This review was initiated in response to an anonymous report made to the Chemours Ethics Hotline regarding certain matters. The findings of the review were presented to the full Board on March 5, 2022.The press release also provided a comparison of the company's financial results to its competitors. According to the report, The Chemours experienced a revenue decrease of 16.32% in the third quarter of 2023 compa...





Who are The Chemours Company's Competitors?




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Market Cap. Revenues TTM Net Income TTM
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