DuPont de Nemours, Inc. (DuPont) is a multi-industrial company.
DuPont is a global innovation leader with technology-based materials and solutions that help transform industries and everyday life by applying diverse science and expertise to help customers advance their best ideas and deliver essential innovations in key markets, including electronics, transportation, construction, water, healthcare and worker safety. At December 31, 2024, the company had subsidiaries in about 50 countries world...
DuPont de Nemours, Inc. (DuPont) is a multi-industrial company.
DuPont is a global innovation leader with technology-based materials and solutions that help transform industries and everyday life by applying diverse science and expertise to help customers advance their best ideas and deliver essential innovations in key markets, including electronics, transportation, construction, water, healthcare and worker safety. At December 31, 2024, the company had subsidiaries in about 50 countries worldwide and manufacturing operations in about 24 countries.
On May 22, 2024, DuPont announced a plan to separate each of its Electronics and Water businesses in a tax-free manner to its shareholders, (the ‘Previously Intended Business Separations’). On January 15, 2025, DuPont announced it is targeting November 1, 2025, for the completion of the intended separation of the Electronics business (the ‘Intended Electronics Separation’). DuPont also announced that it would retain the Water business.
Effective in the first quarter 2025, in light of the Intended Electronics Separation, the company will realign its management and reporting structure. This realignment will result in a change in reportable segments in the first quarter of 2025 which will change the manner in which the company reports its financial results by segment (the ‘2025 Segment Realignment’), principally with the businesses comprising the Intended Electronics Separation to be reported as a single reportable segment. The businesses that comprise the Intended Electronics Separation are the businesses that comprise Semiconductor and Interconnect Solutions, as well as the electronics businesses that are part of Industrial Solutions.
Effective as of January 1, 2024, Electronics & Industrial realigned certain product lines that comprise its business units (Industrial Solutions, Interconnect Solutions and Semiconductor Technologies) that are intended to optimize business operations across the segment leading to enhanced value for customers and cost savings.
On November 1, 2023, DuPont completed the divestiture of the Delrin acetal homopolymer (H-POM) business to TJC LP, (the ‘Delrin Divestiture’).
Segments
Electronics & Industrial segment
Electronics & Industrial is a leading global provider of differentiated materials and component solutions for high performance computing, 5G, electric vehicles (‘EV’), a broad range of consumer electronics including mobile devices, television monitors, personal computers and a variety of other industries including aerospace, defense, transportation, healthcare and medical devices. The segment supplies industry leading materials and solutions for the fabrication of semiconductors and integrated circuits addressing multiple steps of the manufacturing process. The segment offers a broad portfolio of semiconductor and advanced packaging materials, providing chemical mechanical planarization (‘CMP’) pads and slurries, photoresists and advanced coatings for lithography, removers and cleaners; dielectric and metallization solutions for advanced chip packaging; along with silicones for light emitting diode (‘LED’) packaging and semiconductor applications. Electronics & Industrial also provides permanent and process chemistries for the fabrication of printed circuit boards to include laminates and substrates, electroless and electrolytic metallization solutions, as well as patterning solutions and materials and innovative metallization processes for metal finishing, decorative, and industrial applications and provides high-performance electromagnetic shielding and thermal management solutions. With the acquisitions of Spectrum and Donatelle, Electronics & Industrial also produces specialty medical devices. Electronics & Industrial is a leading global supplier in the packaging graphics industry providing photopolymer plates and platemaking systems used in flexographic printing and digital inks for textile, commercial and home-office printing applications. The segment also provides cutting-edge materials for the manufacturing of rigid and flexible displays for organic light emitting diode (‘OLED’) and other display applications. In addition, the segment produces high performance parts and specialty silicone elastomers and lubricants to meet customer specifications in automotive, aerospace, electronics, industrial and healthcare markets. Electronics & Industrial addresses these markets by leveraging a strong science and technology base and customer-driven application engineering capabilities to provide the critical materials and solutions for creating a more connected and digital world.
Acquisitions & Divestitures
On July 28, 2024, DuPont completed the acquisition of Donatelle Plastics, LLC. Donatelle Plastics is a medical device company specializing in the design, development and manufacture of medical components and devices. Donatelle Plastics is presented within the Industrial Solutions business.
On August 1, 2023, the company completed the acquisition of Spectrum Plastics Group from AEA Investors. Spectrum is a recognized leader in advanced manufacturing of specialty medical devices and components with a strategic focus on key therapeutic areas such as structural heart, electrophysiology, surgical robotics and cardiovascular. Spectrum is presented within the Industrial Solutions business.
Products
Major applications/market segments and technologies are listed below by major product line:
Semiconductor Technologies: Applications/market segments include integrated circuit fabrication for memory and logic semiconductors. Technologies include CMP consumables, photolithography materials, semiconductor fabrication materials, fabrication cleaners and removers, advanced chip packaging materials and thermal management materials, OLED and other display process materials.
Interconnect Solutions: Applications/market segments include printed circuit board, electronic and industrial finishing. Technologies include circuit packaging film and laminate materials, interconnect metallization and imaging process chemistries, dry film photoresists, polyimide films, flexible circuit materials, LED encapsulants, electromagnetic shielding and thermal management materials.
Industrial Solutions: Applications/market segments include flexographic printing and inkjet printing, high performance parts and specialty silicones for automotive, aerospace, electronics, industrial, healthcare and medical device markets. Technologies include flexographic printing plates and materials, digital inks, perfluoroelastomer and polyimide parts and shapes, specialty silicone elastomers and lubricants, and specialty extrusion and molded parts for medical devices and components.
Water & Protection segment
Water & Protection is the global leader in providing innovative engineered products and integrated systems for a number of industries including, worker safety, water purification and separation, transportation, energy, medical packaging and building materials. Water & Protection addresses the growing global needs of businesses, governments and consumers for solutions that make life safer, healthier and better.
Innovation is the business imperative. By uniting market-driven science and engineering with the strength of highly regarded brands including KEVLAR high-strength material, NOMEX thermal-resistant material, CORIAN solid surfaces, TYVEK selective barriers, FILMTEC reverse osmosis elements, AMBERLITE ion exchange resins, STYROFOAM insulation and GREAT STUFF insulating foam sealants, the segment strives to bring new products and solutions to solve customers' needs faster, better and more cost effectively. Water & Protection is investing in future growth initiatives such as water management solutions, construction productivity solutions, high strength and light weighting composite solutions and circular ecosystem / zero waste solutions.
Products
Major applications and products are listed below by major product line:
Safety Solutions: Applications/market segments include industrial personnel protection, military and emergency response, medical devices and packaging, automotive, aerospace, and oil and gas. Technologies include KEVLAR fiber; NOMEX fiber and paper; TYVEK protective materials; TYCHEM protective suits.
Shelter Solutions: Applications/market segments include rigid and spray foam insulation, weatherization, waterproofing and air sealing, caulks and sealants, roof coatings and decorative surface materials. Technologies include STYROFOAM brand insulation products, THERMAX exterior insulation, XENERGY high performance insulation, LIQUIDARMOR flashing and sealant, GREAT STUFF insulating foam sealants and adhesives, CORIAN design solid and quartz surfaces, TYVEK weather resistant barriers.
Water Solutions : Applications/market segments include water filtration and purification technology for residential, municipal and industrial use. Key industries include municipal drinking water and wastewater, power generation, microelectronics, pharmaceuticals, food and beverage, industrial wastewater reuse, metals and mining and oil and gas segments. Technologies include AMBERLITE ion exchange resins, FILMTEC reverse osmosis and nanofiltration elements, INTEGRAFLUX ultrafiltration modules, FORTILIFE challenging water reverse osmosis membranes and TAPTEC water filtration and purification for drinking water in homes and commercial buildings.
Current and Future Investments
The company completed the previously announced plans to increase capacity for the manufacture of TYVEK nonwoven materials at its Luxembourg site due to growing global demand. The new assets were online and operational in early 2024.
Corporate & Other
Corporate & Other includes sales and activity of the Retained Businesses, including the Auto Adhesives & Fluids, Multibase and Tedlar product lines. Corporate & Other includes DuPont's equity interest in Derby Holdings Group related to the Delrin Divestiture. The results of Corporate & Other also include the sales and activity of certain divested businesses including the operations of the Biomaterials business unit divested in May 2022.
Significant Customers
The company provides extensive support, technical services and testing services for its customers, in addition to new product development.
Competition
DuPont is subject to competition across all product and service areas. Key competitors include but are not limited to:
Electronics & Industrial: Element Solutions, Entegris, Fujifilm, Henkel, JSR, Merck KGaA, MKS Instruments, and Resonac.
Water & Protection: 3M, Honeywell, Hydranautics, Kingspan, Kolon, Lanxess, Owens-Corning, Ecolab, Avient, Toray, Teijin, and Yantai.
Distribution
Most products are marketed primarily through the company's sales organization, although for some product lines, more emphasis is placed on sales through distributors. The company has a diverse worldwide network which markets and distributes the company's brands to customers globally. This network consists of the company's sales and marketing organization partnering with distributors, independent retailers, cooperatives and agents throughout the world.
Seasonality
Certain of the company's sales are seasonal as consumer electronics and North American and European construction end-market demand generally increases in the second and third fiscal quarters (year ended December 2024) resulting in sales increases in Interconnect Solutions and Shelter Solutions, respectively.
Research and Development Expense (R&D)
The company’s R&D expense was $531 million for the year ended December 31, 2024.
Intellectual Property
As of December 31, 2024, the company owned about 12,800 patents and patent applications globally. Approximately 80 percent of the company’s patent estate has a remaining term of more than 5 years.
History
The company, a Delaware corporation, was incorporated in 2015. It was formerly known as The Dow Chemical Company and changed its name to DowDuPont Inc. in 2017. Further, the company changed its name to DuPont de Nemours, Inc. in 2019.