What caused the Teflon Products and Kynar Price Increases.
In the last year, the business has had more difficulties than I have come across inside my three decades experience. In the past I have seen sharp price increases, and I have seen several shortages, and delivery delays caused by plastic resin allocations through resin companies. This is definitely the very first occasion I have seen all these issues at one time.
PTFE Sheet (TFE) and Kynar – PVDF both are on allocation.
The two of these resins are in short supply. The PTFE – Polytetrafluoroethylene product PTFE (TFE) as well as PVDF manufacturing requires a mineral called Fluorspar which is mined in Mongolia and China. The worldwide interest in this mineral has increased significantly, additionally, the supply has tightened. PTFE materials have high heat resistance, excellent chemical resistance and really low co-efficient of friction (slick) and is used within a great deal of applications from non-stick fry pots and pans to ptfe tape for use at home. This mineral is actually the key raw material in the manufacturing of fluoropolymers, fluorolubricants and many refrigerants.This surge in demand coupled with shortage of raw materials is mainly responsible for a dramatic price increase (almost double over the last year), shortages, and we expect both these factors to continue in the near future.