Why are there TFE and PVDF Price Increases.
Throughout the last year, the industry has experienced more challenges than I have seen inside my 3 decades experience. In the past I have seen sharp price increases, and I have seen several shortages, and delivery issues stemming from plastic resin allocations through resin companies. This is definitely the first instance I have seen all these issues at one time.
Polytetraflouroethylene (TFE) and Kynar both are on allocation.
The two of these resins are in short supply. The PTFE Sheet suppliers product PTFE (TFE) and Kynar manufacturing requires a mineral called Fluorspar that is mined in Mongolia and China. The worldwide demand for this mineral has grown significantly, as well as supply has tightened. PTFE materials have high heat resistance, excellent chemical resistance and incredibly low co-efficient of friction (slippery) and is used in a lot of purposes from non-stick fry pots and pans to ptfe tape for use at home. This specific mineral is the key raw material within the manufacturing of fluoropolymers, fluorolubricants and many refrigerants.This increasing amount of demand combined with shortage of raw materials is responsible for a dramatic price increase (almost double in the last year), shortages, and we expect these two factors to stay in affect in the near future.
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