The Chemours Company (CC): Business Model Canvas [Dec-2025 Updated]

You're trying to map out the true engine room of a major specialty chemical player like The Chemours Company, and frankly, it's more intricate than just selling white pigment. Honestly, their 2025 outlook-projecting net sales between $5.9 billion and $6.0 billion-hinges on a strategic pivot toward low global warming potential (GWP) refrigerants like Opteon™, while still relying on their core Titanium Technologies segment. We've dissected their entire Business Model Canvas, showing you exactly how they convert intellectual property and a global manufacturing footprint into revenue, while also managing defintely significant costs tied to legacy environmental issues. Keep reading to see the precise structure that underpins their near-term opportunities and risks.

The Chemours Company (CC) - Canvas Business Model: Key Partnerships

You're looking at the critical external relationships The Chemours Company relies on to execute its strategy as of late 2025. These aren't just handshake deals; they are vital links in securing materials, driving product adoption, and managing liabilities.

Strategic alliance with Energy Fuels for U.S. critical mineral supply chain

The Chemours Company formalized a strategic alliance with Energy Fuels Inc. on March 18, 2025, to bolster the U.S. domestic supply chain for critical minerals. This partnership leverages The Chemours Company's heavy mineral sands mining and separation operations in Florida and Georgia. The goal is to enhance the supply of rare earth elements, titanium ilmenite, and zircon minerals. This alliance builds upon a collaboration that had been ongoing for the preceding four years.

Collaborations with global OEMs for Opteon™ refrigerant adoption

The push for low global warming potential (GWP) refrigerants is a major driver for partnerships in the Thermal & Specialized Solutions (TSS) segment. The TSS segment saw a 40% year-over-year increase in Opteon™ Refrigerant sales in the first quarter of 2025. This growth is directly supported by regulatory transitions, such as the U.S. AIM Act. To meet this demand, The Chemours Company completed a 40% capacity expansion at its Corpus Christi, Texas site, with half of that new capacity expected to be available in 2025. Furthermore, The Chemours Company announced a strategic agreement with Navin Fluorine International, Ltd. in the first quarter of 2025 to produce two-phase immersion cooling fluid, targeting data center cooling needs. Also, a strategic agreement with SRF Limited in India was announced in the third quarter of 2025 to support market needs.

Key OEM-related milestones for Opteon™ in 2025 include:

• Intention to have next-generation solutions available for customer qualification in 2025.
• Strong demand driven by stationary air conditioning OEM transition under the U.S. AIM Act.
• Agreement signed in Q1 2025 with Navin Fluorine International, Ltd. for liquid cooling asset manufacturing.

Key suppliers for raw materials like titanium ore and fluorochemical feedstocks

The Titanium Technologies segment depends on a diversified procurement strategy for its primary raw materials. The Chemours Company operates a mineral sands mining operation in Starke, Florida, and sources titanium-bearing ores from multiple global suppliers, primarily located in Australia, Africa, and Eastern Europe. The company's proprietary chloride technology allows it to utilize a broad spectrum of feedstocks. The Chemours Company has a current $\text{TiO}_2$ production capacity of 1.05 million metric tons per year, which is being expanded to 1.25 million metric tons per year with the Altamira, Mexico facility upgrade. The primary raw materials for the Advanced Performance Materials segment include chlorinated organics, hydrogen fluoride, and vinylidene fluoride.

Here's a quick look at some operational and capacity figures:

Joint ventures or licensing agreements for technology development

The Chemours Company continues to enter agreements to advance technology, particularly in high-growth areas like cooling. The most recent joint venture listed was with THE Mobility F.C. Membranes Company on October 10, 2022. The 2025 agreements focus on specific product lines, such as the Q1 2025 liquid cooling asset manufacturing agreement with Navin Fluorine International, Ltd. and the Q3 2025 strategic agreement with SRF Limited in India.

Environmental remediation partners for legacy site management

Managing legacy environmental liabilities involves significant partnerships, notably with former parent companies and regulatory bodies. On August 4, 2025, The Chemours Company, DuPont, and Corteva announced a settlement with the State of New Jersey to resolve PFAS claims across four current and former operating sites. The total settlement is for $875 million over 25 years, with The Chemours Company responsible for 50% of the payment obligation. The net present value of the payments attributable to The Chemours Company for this settlement is approximately $250 million. As of December 31, 2024, The Chemours Company's total environmental remediation liabilities for future expenditures stood at $571 million, with the majority related to PFAS matters.

Environmental Liability Snapshot (as of late 2025/end of 2024 data):

• Total Environmental Remediation Liabilities (12/31/2024): $571 million.
• Chemours Share of NJ PFAS Settlement (NPV): $250 million.
• Chemours Share of NJ PFAS Settlement Percentage: 50%.
• Number of NJ Sites Covered by Settlement: 4.

Finance: draft 13-week cash view by Friday.

The Chemours Company (CC) - Canvas Business Model: Key Activities

You're looking at the core engine room activities for The Chemours Company as of late 2025. These are the things they absolutely must do well to keep the lights on and meet their forward guidance.

Manufacturing and processing of specialty chemicals at 28 global sites.

The Chemours Company runs a complex global footprint to make its products. As of early 2025, the company operated 28 manufacturing sites globally, supporting approximately 2,500 customers across about 110 countries. The workforce supporting this operation was approximately 6,000 employees. Operational excellence is a constant focus, with the company targeting incremental run rate cost savings of greater than $250 million across the Company through 2027, aiming to deliver half of that by the end of 2025. Still, operational hiccups happen; for instance, in Q2 2025, the Titanium Technologies (TT) segment incurred incremental costs of approximately $15 million due to consuming higher-cost ore feedstock following a rail line service interruption.

Research and development (R&D) for next-generation, sustainable products.

Innovation is clearly channeled, especially toward lower global warming potential (GWP) solutions. A major physical asset for this is the Chemours Discovery Hub, a 312,000-square-foot R&D center located at the University of Delaware's Science, Technology, and Advanced Research campus in Newark, Delaware. This focus is paying off in the Thermal & Specialized Solutions (TSS) segment, where Opteon™ Refrigerants saw year-over-year growth of 65% in Q2 2025. The company projects full-year 2025 Adjusted EBITDA to land between $825 million and $950 million.

Global sales, marketing, and technical application support.

The sales engine is segmented, with performance varying across the portfolio as of late 2025. For the third quarter of 2025, consolidated Net Sales were $1.5 billion. The Advanced Performance Materials (APM) segment, for example, posted Net Sales of $311 million in Q3 2025, despite a 15% decrease in volume. Conversely, the TSS segment continued its strong run, driven by Opteon™ demand.

• Q2 2025 Consolidated Net Sales: $1.6 billion
• Q3 2025 Consolidated Net Sales: $1.5 billion
• TSS Opteon™ Refrigerants YoY Growth (Q2 2025): 65%

Securing and managing raw material supply, like heavy mineral sands.

Managing the input side is critical for cost control, as seen when feedstock issues hit the TT segment in Q2 2025. The company's overall capital allocation strategy for 2025 included anticipated capital expenditures ranging from $225 million to $275 million. For the third quarter of 2025 alone, capital expenditures were $41 million.

Resolving legacy environmental and litigation matters, e.g., PFAS.

This is a major financial activity shaping the balance sheet. The Chemours Company, DuPont, and Corteva agreed to resolve all pending environmental claims by the State of New Jersey, including PFAS matters. The total settlement payment is $875 million over 25 years, starting no earlier than January 1, 2026. The pre-tax total present value of these payments is approximately $500 million. The Chemours Company is responsible for 50% of this present value, equating to approximately $250 million. Furthermore, DuPont and Corteva agreed to purchase The Chemours Company's rights to certain insurance proceeds related to these PFAS claims for $150 million. The Q2 2025 Net Loss of $381 million was primarily driven by litigation-related charges pertaining to this New Jersey settlement. The present value of payments remaining after 2030 for this settlement is approximately $80 million before certain insurance recoveries.

Finance: draft 13-week cash view by Friday.

The Chemours Company (CC) - Canvas Business Model: Key Resources

The Chemours Company (CC) relies on a foundation of strong brand equity, extensive physical assets, and specialized human capital to execute its business model.

• Flagship brands: Ti-Pure™, Opteon™, Teflon™, Nafion™, Viton™, and Krytox™.

The physical infrastructure supporting The Chemours Company (CC) operations is significant, encompassing both production facilities and critical raw material sourcing.

• Global manufacturing footprint includes 28 manufacturing sites worldwide.
• Mineral sands mining and separation operations are located in Florida (operating a titanium mine in Starke since 1949) and Georgia (including mines in Nahunta and Jesup).

The competitive edge of The Chemours Company (CC) is heavily protected by its proprietary knowledge base.

• Intellectual property (IP) portfolio centers on proprietary chloride technology for $\text{TiO}_2$ pigment production and innovations across fluoroproducts.

Here's a quick look at the key quantitative resources as of late 2025 data points:

The company's ability to secure raw materials domestically is a key differentiator for its Titanium Technologies segment.

• Mines in Florida and Georgia supply low-cost, high-quality domestic ilmenite ore feedstock, currently supplying less than 15% of ore feedstock needs, with expansion options available.

The Chemours Company (CC) - Canvas Business Model: Value Propositions

You're looking at the core reasons customers choose The Chemours Company, which are deeply tied to their product performance and regulatory navigation capabilities. Honestly, the numbers from late 2025 show a clear split: one area is booming due to regulation, and another is fighting pricing headwinds.

Low global warming potential (GWP) refrigerants (Opteon™) for regulatory compliance.

The shift to low-GWP solutions is a massive value driver. For the third quarter of 2025, the Thermal & Specialized Solutions (TSS) segment delivered Net Sales of $560 million, a 20% year-over-year increase. This growth is directly fueled by Opteon™ products, which saw an 80% year-over-year sales increase in Q3 2025. Consequently, Opteon™ increased its share of total refrigerant sales from 58% to 80% by Q3 2025. The TSS segment achieved an Adjusted EBITDA Margin of 35% in Q3 2025. The company completed a 40% capacity expansion for R1234yf at its Corpus Christi facility in 2024 to meet this demand. Analysts estimate Opteon's revenue could reach $1.5 billion by 2027.

High-performance materials for extreme temperature and chemical environments.

The Advanced Performance Materials (APM) segment shows resilience in specialized areas, even when broader markets are weak. For instance, in the second quarter of 2025, APM Net Sales were $346 million, with pricing increasing by 6% offsetting a 6% volume decrease year-over-year. The segment delivered an Adjusted EBITDA Margin of 14% in Q2 2025. This value proposition is supported by innovation, such as the successful qualification of their two-phase immersion cooling fluid with Samsung Electronics in Q3 2025, tapping into the liquid cooling market growing at 15% annually.

Titanium dioxide (Ti-Pure™) for superior whiteness, opacity, and durability in coatings.

The Titanium Technologies (TT) segment provides essential pigment performance, though it faces market challenges. In Q3 2025, TT segment Net Sales were $612 million. The segment achieved cost savings of approximately $140 million in 2024 as part of its transformation plan. For the full year 2024, the TT business generated $2.6 billion in net sales, with a profit margin of 12%. The company announced a global TiO2 price increase effective December 1, 2025, following global price decreases of 4% in Q1 and Q2 2025, and 8% in Q3 2025.

Application expertise and chemistry-based innovations for customer challenges.

The company backs its products with specific expertise, evidenced by strategic moves in late 2025. Beyond the Samsung qualification, The Chemours Company announced a strategic agreement with SRF Limited in India to support market needs for essential applications in Q3 2025. The company is targeting incremental run rate cost savings of greater than $250 million across the Company through 2027, with half of these expected by the end of 2025.

Reliable, domestic supply of critical minerals like titanium and zirconium.

The Chemours Company is actively pursuing opportunities in critical minerals, which is supported by government funding as part of its strategy. This focus aims to secure the supply chain for its core products.

Here's a quick look at the segment financial performance underpinning these value propositions for the third quarter of 2025:

The overall company TTM Revenue as of September 30, 2025, was $5.84 billion. The company declared a quarterly cash dividend of $0.0875 per share.

Finance: draft 13-week cash view by Friday.

The Chemours Company (CC) - Canvas Business Model: Customer Relationships

The Chemours Company (CC) structures its customer relationships around specialized support, regulatory navigation, and long-term commitments, particularly in its key segments like Thermal & Specialized Solutions (TSS) and Titanium Technologies (TT).

Dedicated technical sales and support for B2B industrial customers.

The Chemours Company maintains direct channels for B2B engagement, evidenced by its commitment to providing specialized assistance for product lines. For instance, a team of specialists is available to answer questions regarding Vertrel™ specialty fluids, offering direct contact for solution finding.

• The Chemours Company serves approximately 2,500 customers in approximately 110 countries.
• The company has approximately 6,000 employees supporting these customer relationships globally.

Assisted service model for high-value, complex product applications.

For complex, high-growth areas, The Chemours Company provides application expertise and tailored solutions, which is reflected in the strong performance of its next-generation products. This model is crucial for transitioning customers to lower Global Warming Potential (GWP) alternatives.

The success of the Opteon™ portfolio, driven by the U.S. AIM Act transition, demonstrates this close customer support:

Furthermore, The Chemours Company is actively developing breakthrough technologies for emerging high-value applications, such as two-phase immersion cooling fluid, Opteon™ 2P50. This developmental product is designed to solve critical data center challenges:

• Reduces data center water consumption nearly to zero.
• Reduces cooling energy use by more than 90%.
• Reduces data center physical footprint by nearly 60%.

Long-term supply agreements with key customers in cyclical markets.

In the Titanium Technologies (TT) segment, which faces cyclical market dynamics, The Chemours Company manages supply relationships through diversified procurement and long-term contracts for raw materials, ensuring supply capability consistency for customers.

Competition in the TiO2 pigment market relies on factors including supply capability and product quality consistency. To support its production capacity, The Chemours Company employs a strategy involving:

• Sourcing titanium-bearing ores from multiple global suppliers.
• Utilizing long and medium-term supply contracts alongside spot purchases for feedstock.

Direct engagement with regulators on product transitions (e.g., U.S. AIM Act).

The company actively engages with the regulatory environment to ensure an orderly transition for its customers. The phase-down of hydrofluorocarbons (HFCs) under the U.S. AIM Act is a major focus area, where The Chemours Company has been consistent in supporting orderly phase-down actions.

The AIM Act program aims for an 85% reduction in HFC emissions from 2022 to 2036. The Chemours Company has also taken direct action on legacy environmental matters, reaching a comprehensive settlement with the State of New Jersey regarding PFAS claims. This settlement involves payments over 25 years, with a net present value of approximately $250 million to The Chemours Company as of Q2 2025.

Relationship management focused on sustainability and product stewardship.

Sustainability is integrated into The Chemours Company's strategy, centered around its Corporate Responsibility Commitment goals set for 2030. Product stewardship is demonstrated through managing liabilities associated with environmental matters.

Financial commitments related to resolving environmental claims reflect the ongoing stewardship responsibility:

The company's commitment to its 'Pathway to Thrive' strategy, which includes 'Strengthening the Long Term' pillar, directly ties operational decisions to long-term value creation for stakeholders.

The Chemours Company (CC) - Canvas Business Model: Channels

You're looking at how The Chemours Company gets its specialized chemistry products into the hands of its global customer base as of late 2025. It's a mix of direct engagement and broad distribution, which makes sense for a company dealing in high-value industrial and specialty chemicals.

The direct sales force is key for landing and managing relationships with large industrial manufacturers and processors. This approach supports the high-touch needs of segments like Titanium Technologies (TT) and Advanced Performance Materials (APM). For instance, in the third quarter of 2025, the TT segment generated net sales of $612 million, which relies heavily on direct commercial relationships to manage pricing dynamics, even as the company communicated a global TiO2 price increase effective December 1, 2025.

Direct shipments flow from The Chemours Company's 28 manufacturing and production facilities spread across the globe. This physical footprint supports the entire operation, including the Thermal & Specialized Solutions (TSS) segment, which saw net sales of $560 million in Q3 2025. The company's full-year 2025 outlook projects total Net Sales between $5.9 billion and $6.0 billion.

The global network of distributors and agents is essential for reaching a wider customer base, serving approximately 2,500 customers across about 110 countries. This network helps push products like Opteon™ Refrigerants, which saw an 80% year-over-year growth in TSS in Q3 2025. The reach is critical for managing regional market differences, like the stronger volume concentration in western markets for TT seen in Q1 2025.

Here's a quick look at the segment sales performance that this channel structure supports for the third quarter of 2025:

The Chemours Company also employs e-commerce platforms for certain product lines and to deliver technical data. While specific revenue figures tied directly to these platforms aren't public, they serve as a modern interface for customers, complementing the direct sales efforts.

You can see the impact of channel management and product focus in the segment performance highlights:

• TSS segment Q3 2025 Net Sales growth was driven by an 8% volume increase and an 11% price increase.
• The overall consolidated Net Sales for Q3 2025 were $1.5 billion, flat year-over-year.
• APM segment's Q3 2025 volume decrease of 15% was primarily due to operational impacts from the resolved Washington Works site outage.
• Consolidated Adjusted EBITDA for Q3 2025 was $195 million.

Finance: draft 13-week cash view by Friday.

The Chemours Company (CC) - Canvas Business Model: Customer Segments

You're looking at the core of The Chemours Company's revenue generation, which is deeply embedded across several critical global industries. Honestly, understanding these customer groups is key to seeing where their near-term financial performance is coming from, especially given the recent segment volatility.

The Chemours Company serves approximately 2,500 customers globally, reaching out across about 110 countries. This broad base is managed through three primary business segments: Thermal & Specialized Solutions (TSS), Titanium Technologies (TT), and Advanced Performance Materials (APM).

For the Titanium Technologies business, the customer base is concentrated in manufacturers needing titanium dioxide (TiO₂) pigment. These direct customers are producers of:

• Decorative coatings.
• Automotive and industrial coatings.
• Polyolefin master batches and PVC.
• Laminate paper, coatings paper, and coated paperboard.

This segment focuses on developing long-term partnerships, as evidenced by historical data: in 2023, the 10 largest TT customers accounted for approximately 43% of the segment's net sales, and a single customer represented over 10% of those sales. The overall market served by TT includes coatings, plastics, and paper manufacturers.

The Refrigeration and air conditioning OEMs and aftermarket service providers are the primary customers for the Thermal & Specialized Solutions (TSS) segment. This group drives demand for low global warming potential (GWP) refrigerants like Opteon™, which is essential for meeting regulatory deadlines such as those under the U.S. AIM Act. The TSS segment saw Net Sales of $560 million in the third quarter of 2025.

The Transportation, semiconductor, and advanced electronics industries are served largely through the Advanced Performance Materials (APM) segment. APM chemistry enables high-performance computing, AI, advanced electronics, and batteries for electric and low-emission vehicles. The APM segment recorded Net Sales of $311 million for the third quarter of 2025.

Finally, the General industrial, oil and gas, and defense sectors are part of the broader market scope for The Chemours Company's products across its segments. The company's overall reach is supported by 28 manufacturing sites and serves customers in about 110 countries.

Here's a quick look at the segment revenue contribution from the latest reported quarter, which shows the relative scale of these customer groups:

Finance: draft 13-week cash view by Friday.

The Chemours Company (CC) - Canvas Business Model: Cost Structure

The Cost Structure for The Chemours Company centers heavily on input materials, production overhead, and significant non-operating charges related to environmental and legal matters.

Significant raw material costs are a constant factor, particularly for the Titanium Technologies segment. For instance, in the second quarter of 2025, The Chemours Company elected to consume higher-cost ore feedstock, which resulted in incremental costs of $15 million for that quarter alone due to operational disruptions impacting feedstock mix.

Manufacturing and operational costs include energy and labor, which are reflected in segment performance. Operational disruptions also directly impact these costs. The forecast for the third quarter of 2025 anticipates operational disruptions in Titanium Technologies and a site outage in Advanced Performance Materials totaling $35 million in combined impacts. Furthermore, The Chemours Company recorded net costs associated with other operational disruptions of $8 million in the second quarter of 2025.

Here's a look at some key financial figures impacting the cost base and capital deployment for The Chemours Company as of late 2025:

The company's overhead and non-operational costs require careful management against operational earnings.

• Corporate Expenses were reported as a $53 million offset to Adjusted EBITDA in the second quarter of 2025.
• This Q2 2025 Corporate Expense represented a decrease of $24 million compared to the prior-year quarter.
• A substantial charge of $257 million related to litigation, specifically the announced settlement with the State of New Jersey, was recorded within Selling, general, and administrative expense for the second quarter of 2025.
• The anticipated full-year 2025 Capital Expenditures guidance stands at approximately $250 million.

The Chemours Company (CC) - Canvas Business Model: Revenue Streams

The Chemours Company (CC) generates revenue primarily through the sale of its specialized chemical products across three core segments.

The largest component of revenue historically comes from the sales of Titanium Dioxide (Ti-Pure™) pigment, which is the primary offering of the Titanium Technologies segment. For the second quarter of 2025, this segment reported Net Sales of $657 million. The third quarter of 2025 saw this segment's Net Sales at $612 million, reflecting a 9% decrease compared to the third quarter of 2024.

Another critical revenue stream is the sales of Opteon™ and Freon™ refrigerants, housed within the Thermal & Specialized Solutions (TSS) segment. This area saw strong growth, with Q2 2025 Net Sales reaching $597 million. The momentum continued into the third quarter of 2025, where TSS Net Sales were $560 million, representing a 20% increase compared to the third quarter of 2024.

Revenue from Advanced Performance Materials (APM), which includes products like Teflon™ and Nafion™, supports high-end applications. The APM segment's Net Sales for the second quarter of 2025 were $346 million. In the third quarter of 2025, APM segment Net Sales were $311 million, a 12% decrease compared to the prior-year quarter.

The consolidated financial performance for the second quarter of 2025 showed total Net Sales of $1.6 billion.

Here is a look at the quarterly revenue performance across the segments:

The Chemours Company (CC) has issued guidance for the full fiscal year 2025, which frames the expected total revenue generation.

• Projected full-year 2025 Net Sales guidance is between $5.9 billion and $6.0 billion.
• Full-year 2025 Adjusted EBITDA guidance is set at $775 million to $825 million.

The revenue streams are further detailed by the drivers within each segment:

• Titanium Technologies revenue is influenced by global pricing dynamics for TiO₂ pigment.
• TSS revenue is heavily driven by volume and price increases for Opteon™ Refrigerant blends due to the stationary AC regulatory transition under the U.S. AIM Act.
• APM revenue is supported by pricing in its Advanced Materials portfolio.