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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 Over time though, natural resins have almost been replaced by synthetic resins due to the superior chemical and physical properties of the former.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 : Jun 2024
The synthetic ropes market is estimated to be valued at USD 2.00 Bn in 2024, exhibiting a compound annual growth rate (CAGR) of 5.8% from 2024 to 2031. Synthetic ropes find widespread applications in various sectors such as marine, oil and gas, construction, and sport... View more
Published Date : Jun 2024
The Webbing Market is estimated to be valued at USD 4.35 Bn in 2024 and exhibit a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031. Webbing is a narrow fabric formed by warp and weft threads tightly woven together into strips or tubes with much less filler... View more
Published Date : Jun 2024
Global unsaturated polyester resins market is estimated to be valued at USD 14.02 Bn in 2024, exhibiting a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031. Unsaturated polyester resins (UPRs) are a type of thermosetting resin formed by the reaction of an ... View more
Published Date : Jun 2024
The dodecanedioic acid market is estimated to be valued at USD 544.7 Mn in 2024, exhibiting a compound annual growth rate (CAGR) of 4.8% from 2024 to 2031. Dodecanedioic acid is an organic compound belonging to the class of alkanedioic acids. It is a white solid that ... View more
Published Date : Jun 2024
Global photopolymer market is estimated to be valued at USD 3.17 Bn in 2024, exhibiting a compound annual growth rate (CAGR) of 10.5% from 2024 to 2031. Photopolymer is a light-sensitive polymer that undergoes a chemical change when exposed to light, usually in the vi... View more
Published Date : May 2024
The Petroleum Resins Market is estimated to be valued at USD 3.20 Bn in 2024 and is expected to exhibit a compound annual growth rate (CAGR) of 7.4% from 2024 to 2031. Petroleum resins are nonvolatile polymeric compositions derived from petroleum or coal tar raw mater... View more
Published Date : May 2024
The global synthetic polymers market is estimated to be valued at USD 24.97 Bn in 2024, growing at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031. The global synthetic polymers market has witnessed substantial growth over the past few decades. Syntheti... View more
Published Date : May 2024
The global adhesive tapes market is estimated to be valued at USD 89.60 Bn in 2024, growing at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031. The global adhesive tapes market has been witnessing significant growth in recent years. Adhesive tapes, also... View more
Published Date : Apr 2024
The Global Biopolymers Market is estimated to be valued at USD 19.46 Bn in 2024 and is expected to reach USD 40.67 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 11.1% from 2024 to 2031. Biopolymers are polymers produced by living organisms or contain ... View more
Published Date : Apr 2024
Global specialty resins market is estimated to be valued at USD 8.89 Bn in 2024, exhibiting a compound annual growth rate (CAGR) of 6.3% from 2024 to 2031. Specialty resins refers to a class of advanced engineered polymers that exhibit unique properties for specialize... View more
Published Date : Apr 2024
The High Density Polyethylene (HDPE) market is estimated to be valued at USD 84.38 Bn in 2024, growing at a compound annual growth rate (CAGR) of 6.1% from 2024 to 2031. High density polyethylene (HDPE) is a polyethylene thermoplastic made from petroleum. It is common... View more
Published Date : Mar 2024
Global acoustic insulation market is estimated to be valued at USD 16.7 Bn in 2024, exhibiting a compound annual growth rate (CAGR) of 4.1% from 2024 to 2031. Acoustic insulation is a process of reducing the sound level transmitted between two spaces through solid mat... View more
Published Date : Mar 2024
The phenolic resins market is estimated to be valued at USD 13.31 Bn in 2024 and exhibit at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031. Phenolic resins are synthetic polymers that are produced by the reaction of phenol or substituted phenol with fo... View more
Published Date : Mar 2024
The Polyvinylidene Fluoride Market is estimated to be valued at USD 1,148.47 Mn in 2024, growing at a compound annual growth rate (CAGR) of 10.4% from 2024 to 2031. Polyvinylidene fluoride (PVDF) is a highly non-reactive thermoplastic polymer known for its excellent c... View more
Published Date : Mar 2024
The technical insulation market is estimated to be valued at USD 10.9 Bn in, growing at a compound annual growth rate (CAGR) of 5.8% from 2024 to 2031. Technical insulation refers to the application of insulation materials to retain or absorb heat or prevent condensat... View more
Published Date : Feb 2024
Polyols and polyurethane are increasingly being used in various applications like furniture, insulation, automotive, footwear, packaging, and others. Polyurethane is a polymer prepared from polyols and diisocyanates through co-polymerization. Some key polyols used in ... View more
Published Date : Feb 2024
The automotive interior components market is estimated to be valued at USD 164.64 Bn in 2024 growing at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2031.The automotive interior components market has witnessed significant growth in the past decade due to ... View more
Published Date : Feb 2024
Global super absorbent polymers (SAP) market is expected to witness significant growth due to the rising demand from various end-use industries including baby diapers, adult incontinence products, feminine hygiene products, and others. SAP plays a vital role in absorb... View more
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