How come there's a TFE and Kynar Price Increases.
Over the past year, the business has had more shortages than I've come across within my 3 decades experience. In the past I have seen sharp price increases, and I have observed several shortages, and delivery issues resulting from material allocations by resin suppliers. This is actually the first time I have seen all these issues at the same time.
Polytetraflouroethylene (TFE) and PVDF are both on allocation.
The two of these resins are in short supply. The PTFE Sheet suppliers product PTFE (TFE) along with Kynar-PVDF manufacturing requires a mineral called Fluorspar which is mined in Mongolia and China. The worldwide need for this mineral has increased significantly, and the supply has tightened. PTFE materials have high temperature resistance, excellent chemical resistance and incredibly low co-efficient of friction (slippery) and is used in dozens of applications from non-stick fry cookware to ptfe tape for personal use. This specific mineral is actually a crucial raw material in the manufacturing of fluoropolymers, fluorolubricants and many refrigerants.This surge in demand mixed with general shortage of raw materials has caused a dramatic price increase (almost double over the past year), shortages, and we expect both these factors to continue in the near future.
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