Here are 1-3 brief analogies for DuPont de Nemours (DD):

• 3M for advanced engineering materials and industrial solutions.
• Intel for critical industrial components and specialty materials.

• Tyvek: Nonwoven materials primarily used for protective apparel, building envelopes, and medical packaging.
• Kevlar: High-strength aramid fibers utilized in ballistic protection, aerospace, and industrial applications requiring extreme durability.
• Nomex: Flame-resistant aramid fibers and papers essential for protective apparel, electrical insulation, and thermal barriers.
• Water Purification Membranes: Advanced reverse osmosis and ultrafiltration membranes used for industrial and municipal water purification and separation.
• Kapton: High-performance polyimide films widely used in flexible electronics, electrical insulation, and high-temperature applications.
• Tedlar: Polyvinyl fluoride (PVF) films providing durable surface protection for solar panels, building materials, and aerospace components.
• Vespel: High-performance polyimide parts and shapes designed for extreme temperature, wear, and chemical resistance in critical industries.
• Kalrez: Perfluoroelastomer parts offering sealing solutions in aggressive chemical and high-temperature environments within diverse industries.
• Automotive Adhesives: Specialty adhesives and sealants critical for automotive glazing, structural bonding, and lightweighting applications.

DuPont de Nemours (symbol: DD) primarily sells its specialized materials, components, and solutions to other companies, operating on a business-to-business (B2B) model.

According to its SEC filings (e.g., 10-K reports), DuPont has a highly diversified global customer base, and no single customer accounts for a material portion of its consolidated net sales. Therefore, there are no specific "major customer" companies that can be individually named as constituting a significant percentage of DuPont's revenue.

Instead, DuPont's products are integral to a wide array of industries, which collectively represent its customer base. Key industries and the types of companies within them that utilize DuPont's offerings include:

• Electronics & Semiconductor Industry: Manufacturers of integrated circuits, printed circuit boards, displays, and consumer electronics rely on DuPont's advanced materials and chemicals for their critical components.
• Automotive & Aerospace Industry: Companies in these sectors use DuPont's high-performance polymers, adhesives, and composites for lightweighting, safety, and durability in vehicles and aircraft.
• Water & Infrastructure Industry: Municipalities and industrial plants, along with manufacturers of water purification systems, utilize DuPont's filtration and separation technologies.
• Personal Protection & Safety Industry: Manufacturers of protective apparel and gear for industrial workers, first responders, and military personnel are customers for DuPont's strong and heat-resistant fibers (e.g., Kevlar, Nomex).
• Construction & Building Materials Industry: Companies involved in construction utilize DuPont's building envelope solutions (e.g., Tyvek), insulation, and specialty films for energy efficiency and durability.
• Healthcare & Medical Industry: Manufacturers of medical devices, pharmaceutical packaging, and other healthcare solutions incorporate DuPont's specialized polymers and films.

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Lori Koch, Chief Executive Officer

Lori Koch was appointed Chief Executive Officer of DuPont in June 2024. Prior to this, she served as DuPont's Chief Financial Officer since February 2020. Ms. Koch has held various senior finance leadership roles within DuPont since joining the company in 2003, demonstrating expertise across a broad spectrum of finance disciplines. She played a significant role in the strategy, planning, and shareholder engagement for the DowDuPont transaction and the subsequent separation into three independent companies. Earlier in her career, she held key finance positions at Comcast Business Communications and Lucent Technologies. She currently serves as a director of Actylis, a New Mountain Capital LLC portfolio company.

Antonella Franzen, Chief Financial Officer

Antonella Franzen was appointed Chief Financial Officer of DuPont in June 2024. Before this role, she served as the Chief Financial Officer of DuPont's Water & Protection segment since 2022. Prior to joining DuPont, Ms. Franzen was the Vice President, Chief Investor Relations and Communications Officer at Johnson Controls International. She also held various roles of increasing responsibility at Tyco International, including leading investor relations, corporate finance, and external reporting, before its merger with Johnson Controls. She began her career with PwC. Ms. Franzen currently serves on the board of JELD-WEN Holding, Inc.

Edward D. Breen, Executive Chairman

Edward D. Breen has served as the Executive Chairman of DuPont since June 2024. He previously served as the Chief Executive Officer of DuPont from 2015 to 2017 and again from 2020 to 2024. Mr. Breen is recognized as a "breakup expert" for orchestrating the merger of Dow Chemical and DuPont and the subsequent spin-offs that created three independent public companies. Before joining DuPont, he was the Chairman and Chief Executive Officer of Tyco International plc from 2002 to 2012, where he led a major restructuring that included the spin-offs of Covidien, TE Connectivity, and ADT Corporation. His career also includes senior management positions, such as President and Chief Operating Officer at Motorola, and Chairman, President, and Chief Executive Officer of General Instrument Corporation. Mr. Breen is currently a director of Comcast Corporation and a member of the advisory board of New Mountain Capital LLC, a private equity firm.

Jeroen Bloemhard, President, Healthcare & Water Technologies

Jeroen Bloemhard assumed the role of President, Healthcare & Water Technologies in 2024. He joined DuPont in 2018 as the Global Vice President and General Manager for Performance Resins within the Transportation & Advanced Polymers business unit. In April 2019, he was appointed Chief Commercial Officer across DuPont's Engineering Polymers and Performance Resins businesses. Mr. Bloemhard also served as Chief Commercial Officer, Mobility & Materials, and later as Global Commercial Vice President – Industrial/Medical/Consumer, of Celanese, before leading DuPont's global Water Solutions business as Vice President General Manager in January 2024.

Beth Ferreira, President, Diversified Industrials

Beth Ferreira joined DuPont in July 2025 as President, Diversified Industrials. Prior to her current role, she served as Chief Executive Officer of IMI Life Technology and Divisional Managing Director of IMI Precision Engineering at IMI plc from 2020 to 2025. Ms. Ferreira also held multiple Group President roles for the Packaging, Polymers, and Fluids platforms at Illinois Tool Works (ITW) from 2014 to 2020, and various President and senior leadership roles at Belden from 2008 to 2014. She began her career in commercial leadership at Ingersoll-Rand and currently serves on the Board of Directors of SKF AB.

The key risks to DuPont de Nemours (DD) include significant litigation related to per- and polyfluoroalkyl substances (PFAS), intense market competition, and increasing environmental regulatory pressures.

1. PFAS Litigation: DuPont faces substantial legal and financial risks due to unresolved PFAS litigation, particularly over 9,200 personal injury cases despite a 2023 settlement addressing water district claims. These "forever chemicals" have been linked to environmental and health issues, leading to significant financial implications for the company.

2. Intense Competition: DuPont operates in highly competitive markets where innovation, pricing, product quality, and performance are crucial. The company must continuously invest in research and development to maintain its competitive edge, as a failure to do so could result in a loss of market share to rivals.

3. Environmental Regulatory Pressures: As a global manufacturer, DuPont is subject to a wide array of environmental laws and regulations. Compliance with these regulations can incur significant costs, and any failure to adhere to them may lead to fines, penalties, and reputational damage. Evolving environmental standards could also necessitate further investments in sustainable practices and technologies.

Intensifying competition from state-backed national champions in critical materials sectors, particularly in regions like China, which are heavily investing in and subsidizing domestic companies to achieve self-sufficiency and global leadership in advanced materials. These entities are developing and scaling production of high-performance materials that directly compete with DuPont's specialized portfolio in areas such as electronics, advanced polymers, and protective solutions, threatening market share, pricing power, and long-term technological leadership.

DuPont de Nemours (DD) operates primarily in two main segments: Electronics & Industrial and Water & Protection, with a strategic focus on advanced materials and solutions across various industries. The addressable markets for its key products and services are outlined below:

Electronics & Industrial Segment

This segment includes advanced materials for semiconductor fabrication, electronic polymers, specialty films, and interconnect solutions.

• Semiconductor Materials: The global semiconductor materials market was valued at approximately USD 80.79 billion in 2025 and is projected to grow to USD 101.89 billion by 2030, with a compound annual growth rate (CAGR) of 4.75%. Another estimate places the market size at USD 64.96 billion in 2024, expected to surpass USD 101.06 billion by 2034, with a CAGR of 4.52%. DuPont is a leading player in this market, generating an estimated $2.85 billion in revenue from semiconductor consumables in 2024. Asia-Pacific holds a significant share of this market.
• Adhesives (Automotive): The global automotive adhesives market was valued at USD 6.4 billion in 2024 and is expected to reach USD 13.5 billion by 2033, growing at a CAGR of 4.3% during 2025-2033. Another source indicates a market size of USD 6.10 billion in 2023, anticipated to reach USD 9.67 billion by 2033, with a CAGR of 4.72%. The global automotive adhesives market was valued at USD 6.6 billion in 2020 and is projected to reach USD 9.3 billion by 2026, growing at a CAGR of 5.9%. Asia-Pacific is noted as the largest regional market for automotive adhesives.
• Adhesives (Overall Market): The broader global adhesive market was valued at USD 69.05 billion in 2024, is anticipated to reach USD 73.28 billion in 2025, and is projected to expand to USD 117.85 billion by 2033, growing at a CAGR of 6.12% from 2025 to 2033.

Water & Protection Segment

This segment focuses on water purification and separation technologies, high-performance fibers (such as Kevlar and Nomex), and building materials (like Tyvek).

• Water Solutions/Water Purifiers: DuPont's Water Solutions business generated approximately $1.5 billion in sales in 2023. The global water purifier market is valued at USD 34.60 billion in 2025 and is forecast to reach USD 50.14 billion by 2030, expanding at a 7.70% CAGR. Another report states the global water purifiers market size grew from $34.84 billion in 2024 to $36.83 billion in 2025 at a CAGR of 5.7% and is expected to reach $47.23 billion in 2028. Within water solutions, the estimated global industrial and desalination market is $8 billion, the municipal market is about $2 billion, and the residential and commercial markets are $1 billion, primarily in Asia Pacific.
• Protective Clothing: The global protective clothing market size was USD 19.46 billion in 2024 and is projected to grow to USD 32.60 billion by 2033, with a CAGR of 5.9%. Another valuation states the global protective clothing market was valued at $10.3 billion in 2023 and is projected to reach $18.6 billion by 2033, growing at a CAGR of 6.1%. The global industrial protective clothing market size is expected to be worth around USD 39.6 billion by 2033, growing at a CAGR of 7.8% from USD 18.7 billion in 2023. North America held the largest share in the protective clothing market with 37.4% in 2019, amounting to USD 4.6779 billion. The global segments for potential Tyvek® (a key DuPont brand in protective clothing and construction) use total several billion dollars.

• Organic Growth in Healthcare & Water Technologies: DuPont is strategically focused on expanding its portfolio towards secular growth markets such as healthcare and water filtration technologies. The company anticipates these markets to grow approximately 5% annually. This growth is expected across various applications, including medical packaging, biopharma products, and water solutions, where strong demand and volume gains have been observed.
• Leveraging Demand in Semiconductor Technologies and AI-Driven Applications: Despite the spin-off of its Electronics business (now Qnity Electronics), the "new DuPont" continues to benefit from its exposure to semiconductor technologies and interconnect solutions, particularly those fueled by advancements in AI technology. Strong demand in these areas has been a significant contributor to organic sales growth in the past and is expected to continue.
• Strategic Portfolio Focus and Operational Improvements: Following the separation of its Electronics business and the planned divestiture of the Aramids business, DuPont is sharpening its focus on its remaining, higher-growth potential segments. This streamlined portfolio, combined with an emphasis on operational execution and productivity benefits, is aimed at driving above-market organic growth and margin expansion. The company is targeting medium-term organic growth of 3-4% and 8-10% EPS growth by 2028.
• Volume Growth and Market Penetration: DuPont expects continued volume gains across several of its businesses. This includes strong performance in medical packaging, biopharma, and continued strength in reverse osmosis and ion exchange within its water technologies. The company's proactive approach includes strategic initiatives like acquiring manufacturing capacity to expand its reverse osmosis footprint, indicating a push for increased market penetration.

Share Repurchases

• DuPont's Board of Directors approved a new $2 billion share repurchase authorization on November 6, 2025. An initial $500 million accelerated share repurchase (ASR) was launched imminently as part of this authorization.
• A $2 billion ASR transaction was completed in the first quarter of 2024.
• DuPont completed a $3.25 billion accelerated share repurchase transaction in September 2023, resulting in the retirement of 46.8 million shares at an average price of $69.44 per share.

Share Issuance

• No significant share issuances for capital were identified over the last 3-5 years. The number of outstanding shares decreased by approximately 1.15% in one year as of November 2025, primarily due to share repurchase programs.
• The separation of the Electronics business into Qnity Electronics, Inc. was completed on November 1, 2025, through a pro rata dividend in-kind, where DuPont stockholders received one share of Qnity for every two shares of DuPont.

Inbound Investments

• No significant inbound investments made in the company by third-parties were identified over the last 3-5 years.

Outbound Investments

• DuPont agreed to sell its Aramids business for a gross consideration of $1.8 billion, which includes approximately $1.2 billion in cash, a $300 million note, and a $325 million minority equity interest, with the transaction expected to close in Q1 2026.
• The company completed the divestiture of the majority of its Mobility & Materials segment on November 1, 2022, and subsequently closed the sale of the Delrin® business on November 1, 2023.
• DuPont acquired manufacturing capacity in China in late September 2025 to expand its reverse osmosis footprint, aligning with a local-for-local strategy.

Capital Expenditures

• DuPont reported capital expenditures of $146 million in Q3 2025 and $116 million in Q2 2025.
• For the full year 2024, capital expenditures from continuing operations were approximately $0.6 billion.
• In fiscal year 2024, capital expenditures were -$579 million (reflecting cash outflow). Capital expenditures have been prudently managed to support growth.