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Polymers are synthetic long-chain compounds that act as the basic building blocks of the chemical industry. These are mainly derived from one or more monomers such as styrene, vinyl chloride, propylene, and ethylene and are made up of repeating structural units of monomers, which are bonded to each other with covalent bonds to form a polymer. There are... View more
Polymers are synthetic long-chain compounds that act as the basic building blocks of the chemical industry. These are mainly derived from one or more monomers such as styrene, vinyl chloride, propylene, and ethylene and are made up of repeating structural units of monomers, which are bonded to each other with covalent bonds to form a polymer. There are mainly two types of polymers; addition polymers and condensation polymers. Resins are both synthetic and natural organic compounds, comprising of mainly viscous and non-crystalline liquids. Synthetic resins are used as monomers to form a polymer. Synthetic resins are more uniform and stable compared to natural resins, and are mainly used to manufacture plastics, paints, and many other products. Natural resins are mainly derived from plant sources such as myrrhand aloe, and find major application in medicines, incense, and perfumes. Over time though, natural resins have almost been replaced by synthetic resins due to the superior chemical and physical properties of the former. Synthetic resins are widely used in production of epoxy, acetal, phenolic, acrylic, polyesters, amino, and others. These resins are also used in the manufacture of various end products such as paints, plastics, adhesives, coatings, composites, and inks.
Polymers are derived from one or more monomers or resins. These building block monomers or resins are majorly derived from crude oil or natural gas, and are now increasingly derived from bio-based sources. These resins offer excellent mechanical, molding, chemical, and other properties. On the basis of their various iterations, polymers and resins are broadly classified as thermosets, commodity thermoplastics, thermoplastic elastomers, and engineering resins.
Thermosets are those which act as a finished product and cannot be recycled by heat. These include epoxy, melamine, phenolic, polyurethane, and urea resins. These polymer resins are mainly used in building and construction furniture, appliance, transportation, adhesives, electrical/electronic, ink, and coatings end-use industries. The major applications include laminates, wiring devices, plywood and other structural panels, carpet, refrigerator insulation, buttons and knobs, flooring, panels, tanks, boat hulls, and shower-stalls.
Commodity thermoplastics are polymers that can be recycled by heat and can be hardened by cooling in their final state as a finished product. The most commonly used commodity thermoplastics are polyethylene, polypropylene, polystyrene, and polyvinyl chloride (PVC). The building and construction, consumer/institutional, transportation, electrical/electronic, and furniture/furnishing are the key end-use industries which use polymer resins in various applications such as automotive trim and parts, appliance parts, electronic storage media, bags, wrap, bottles, drums and containers, toys, pipe, siding, fishing line, carpeting, wire and cable, medical disposables, egg cartons, insulation, and various other applications.
Engineering polymers & resins are a subset of thermoplastic polymers that have high-performance mechanical, thermal, electrical and chemical properties and are often used in applications to replace metals. These polymers & resins include acetal, fluoropolymer, polycarbonate, polyphenylene sulfide, and other resins. The automotive, electrical/electronic, and consumer industries which use these polymers & resins in various applications such as valves, faucets, zippers, wire and cable jacketing, non-stick coatings, microwave cookware, appliance and electronics housings, hair dryers, bearings, gears, and others.
In recent past, the polymers & resins are replacing conventional materials such as metals, glass, and wood due to their light weight, superior strength design flexibility, and lower cost. This has led to their widespread use in end use industries such as packaging, automotive, building & construction, and electronics. The global polymer industry is growing at a Y-o-Y rate of 4% from 2013. The demand for polymers is primarily driven by growth of the automotive, packaging, building & construction, electronics, transport rails, and telecommunication industries among others.
Increasing application of engineered polymers in various end-use industry such as construction, automotive, and industrial manufacturing equipment are driving growth of the global polymers & resins market. Rapid demand for polyethylene, polypropylene, polystyrene in packaging and automotive industries is a key factor driving the growth of the polymer & resins market. Rising consumption of polyethylene terephthalate (PET), and poly-vinyl chloride (PVC) in the manufacture of bottles & beverages, as well as application of polycarbonate, PVC, polyethylene, and polymethacrylate (PMMA) in manufacturing greenhouse coverings are expected to drive demand for thermoplastics in the polymers & resins market.
The plastics industry is the largest consumer of polymers and resins across the globe. The global polymer industry consumes raw materials worth half trillion U.S. dollars per year and transforms them into plastics products valued over US$1 trillion. Around 4% of petroleum produced across the world is used to make plastic components. Plastics have found application in several end-use industries such as transportation, construction, health care, food products, telecommunications, and consumer goods. The per capita plastic consumption reached 100 kilograms in Western Europe and North America. While the average per capita consumption in Asia was 20 kg per person. Manufacturers are focusing on setting up production facilities in Asia to capitalize owing to higher growth opportunities in the region owing to presence of the rapidly expanding economies such as India and China. The region produced around half of the global plastics in 2013, with China alone producing nearly a quarter of the world’s plastic. Packaging is the major end-use application for plastic and is primarily used in consumer and household products such as appliances, toys, plastic cutlery, and furniture; for pipes, window and door frames, roofing, and siding in the construction sector; and in the food and beverage sector for plastic bottles, containers, and film among others.View less
Published Date : Dec 2024
The transparent acrylic market is estimated to be valued at USD 1.71 Bn in 2024 and is expected to reach USD 3.08 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 8.8% from 2024 to 2031. Transparent acrylic, also known as polymethyl methacrylate (PMMA), ... View more
Published Date : Dec 2024
The global recycled plastic granules market is estimated to be valued at USD 3.25 Bn in 2024 and is expected to reach USD 4.43 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 4.5% from 2024 to 2031. The global recycled plastic granules market has seen s... View more
Published Date : Dec 2024
The global photocatalytic coating market is estimated to be valued at USD 987.4 Mn in 2024 and is expected to reach USD 1,720.3 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 8.2% from 2024 to 2031. Photocatalytic coating is a process where specialized... View more
Published Date : Nov 2024
The global Pp homopolymer market is estimated to be valued at USD 76.22 Bn in 2024, exhibiting a CAGR of 4.1% over the forecast period (2024-2031). The global Pp homopolymer market has been witnessing significant growth over the past few years owing to increasing dema... View more
Published Date : Nov 2024
Global polycaprolactone market is estimated to be valued at USD 530.2 Mn in 2024, exhibiting a CAGR of 9.2% over the forecast period (2024-2031). Polycaprolactone is a biodegradable thermoplastic polyester derived from epsilon-caprolactone. It is widely used to manufa... View more
Published Date : Oct 2024
Global polymers for additive manufacturing market is estimated to be valued at USD 203.2 Mn in 2024, exhibiting a compound annual growth rate (CAGR) of 21.2% from 2024 to 2031. Polymer additive manufacturing refers to the process of building three-dimensional solid ob... View more
Published Date : Sep 2024
Plant-based plastics, also known as green plastics, are a category of plastics derived from renewable biomass sources such as vegetable oils and starches. They provide an environmentally sustainable alternative to conventional petroleum-based plastics. Green plastics ... View more
Published Date : Aug 2024
The global conductive polymer capacitor market is estimated to be valued at USD 16.16 Bn in 2024, exhibiting a compound annual growth rate (CAGR) of 11.5% from 2024 to 2031. Conductive polymer capacitors are rapidly replacing traditional aluminum and tantalum capacito... View more
Published Date : Aug 2024
The sustainable biopolymers market in India is poised to grow significantly in the coming years. Biopolymers are derived from renewable bio-based resources and have a lower environmental impact than traditional plastics. Rising concern for environmental protection and... View more
Published Date : Aug 2024
The Europe sustainable biopolymers market has been gaining significant traction in recent years, owing to stringent environmental regulations regarding the use of conventional plastics and growing consumer preference for eco-friendly products. Biopolymers are develope... View more
Published Date : Aug 2024
Chromatography resins are solid substrates functionalized with specific functional groups designed for separation, purification, and analytical applications of biomolecules and chemicals. They find wide application in pharmaceutical and biopharmaceutical manufacturing... View more
Published Date : Jul 2024
Liquid crystal polymers (LCPs) are a unique class of thermoplastics that exhibit properties between traditional plastics and metals. They combine the molding capabilities of plastics with the strength and rigidity of metals. LCPs demonstrate high strength, rigidity, h... View more
Published Date : Jul 2024
The waterproofing membranes market is estimated to be valued at USD 26.55 Bn in 2024, exhibiting a compound annual growth rate (CAGR) of 8.2% from 2024 to 2031. Waterproofing membranes are essential construction materials used to prevent water penetration and seepage ... View more
Published Date : Jul 2024
The molded plastic market is estimated to be valued at USD 561.85 Bn in 2024, exhibiting a compound annual growth rate (CAGR) of 6.1% from 2024 to 2031. The molded plastic market has experienced steady growth over the past few decades and is projected to continue expa... View more
Published Date : Jul 2024
The polylactic acid market is estimated to be valued at USD 843.0 Mn in 2024, exhibiting a compound annual growth rate (CAGR) of 18.2% from 2024 to 2031. Polylactic acid (PLA) is a biodegradable and bio-based thermoplastic aliphatic polyester derived from renewable pl... View more
Published Date : Jul 2024
The polymer clay market is estimated to be valued at USD 33.9 Mn in 2024 and, exhibiting a compound annual growth rate (CAGR) of 3.1% from 2024 to 2031. Polymer clay is a versatile modeling clay that is used for sculpture and jewelry making. It consists of polyvinyl c... View more
Published Date : Jun 2024
The adipic acid market is estimated to be valued at USD 6.45 Bn in 2024, exhibiting a compound annual growth rate (CAGR) of 4.5% from 2024 to 2031. Adipic acid is an important raw material used in the manufacturing of nylon 6,6 fiber and resins. It is an organic... View more
Published Date : Jun 2024
The plastic resins market is estimated to be valued at USD 833.98 Bn in 2024, exhibiting a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031. The plastic resins market has been growing steadily over the past few decades. Plastic resins refer to basic organi... View more
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