Throughout the last year, the market has experienced more difficulties than I have seen inside my over 25 years of experience. In the past I have seen sharp price increases, and I have observed several shortages, and delivery delays resulting from plastic resin allocations by resin companies. This is actually the very first time I have seen all these issues at one time.
PTFE Sheet (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 which is mined in Mongolia and China. The worldwide need for this mineral has increased significantly, along with the supply has tightened. PTFE materials have high heat resistance, excellent chemical resistance and extremely low co-efficient of friction (slick) and is utilized throughout a lot of purposes from non-stick fry kitchenware to ptfe tape for home use. This mineral is the crucial raw materials within the manufacturing of fluoropolymers, fluorolubricants and many refrigerants.This escalating demand paired with general shortage of raw materials has caused a dramatic price increase (almost double within the last year), shortages, and we expect these two factors to keep at it in the near future.