Within the last year, the business has experienced more challenges than I have seen around my thirty years experience. In the past I have seen sharp price increases, and I have observed several shortages, and delivery problems due to plastic resin allocations through resin suppliers. This is the very first instance I have seen all these issues at one time.
Polytetraflouroethylene (TFE) and PVDF both are on allocation.
The two of these resins are in short supply. The PTFE Sheeting product PTFE (TFE) and Kynar manufacturing requires a mineral called Fluorspar that’s mined in Mongolia and China. The worldwide need for this mineral has risen significantly, and the supply has tightened. PTFE materials have high heat resistance, excellent chemical resistance and extremely low co-efficient of friction (slippery) and is used in a lot of purposes from non-stick fry cookware to ptfe tape for home use. This mineral is a essential raw material within the manufacturing of fluoropolymers, fluorolubricants and a lot of refrigerants.This increasing amount of demand bundled 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.