Polymers and Resins

Enquiry IconContact Us

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 Over time though, natural resins have almost been replaced by synthetic resins due to the superior chemical and physical properties of the former.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 More

Polymers and Resins Published Insights

Coherent Market Insights

Polymerization Catalysts Market, By Classification (Polyolefin Catalysts, Condensation Polymer Catalysts, Thermosetting Polymer Catalysts, Additional Polymer Catalysts), By Catalyst (Zeigler-Natta, Single-site, Chromium, Peroxide, Other Catalysts), By Geography (North America, Latin America, Europe, Asia-Pacific, Middle East, Africa)- Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published Date : Nov 2022

The global polymerization catalysts market size was valued at USD 3100 million in 2021 and is anticipated to witness a compound annual growth rate (CAGR) of 3.90% from 2022 to 2030. Demand for polymerization catalysts will continue to grow due to increased production ... View more

Coherent Market Insights

Nitrile Butadiene Rubber Market, By Application (Adhesives and Sealants, Belts and Cables, Gloves, Hoses, Gaskets and O-Rings, Other Applications), By End-User Industry (Automotive and Transportation, Building and Construction, Industrial, Medical, Other End-user Industries), By Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published Date : Aug 2022

The global Nitrile Butadiene Rubber (NBR) market size was valued at USD 2.1 Bn in 2021 and is anticipated to witness a compound annual growth rate (CAGR) of 4.6% from 2022 to 2030. NBR rubber is capable of withstanding temperatures from -40°C to 108°C which ma... View more

Coherent Market Insights

Photocatalytic Coating Market, by Coatings Type (Titanium dioxide (TnO2), Zinc oxide (ZnO), and Others), by Thickness Type (<10nm, 10-20nm, 20-30nm, and >30nm), by End User (Concrete, Building panels, Glass, Ceramics, Painted surfaces, and Others), and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published Date : Jul 2022

Photocatalytic coatings products is a result of photo catalysis reaction. Photo catalysis is the acceleration of a photoreaction in the presence of a catalyst. In catalyzed photolysis, light is absorbed by an adsorbed substrate. The ability of the catalyst to make an ... View more

Coherent Market Insights

Silicone Polymer Market, by Type (Elastomers, Fluids, Resins, Gels, and Others), by End-Use Industry (Industrial Process, Building & Construction, Transportation, Personal Care & Consumer Products, Electrical & Electronics, Pharmaceutical, Energy, and Others (Automobiles etc.)), and by Region (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Published Date : May 2022

Silicone polymers are manufactured as fluids, resins, or elastomers, depending on the molecular weight of the polymers and the degree to which the polymer chains are interlinked. Silicone polymers make excellent lubricants and hydraulic fluids, as well as emulsions fo... View more

Coherent Market Insights

Dodecanedioic Acid Market, by Application (Resins, Powder Coatings, Adhesives, Lubricants, and Others (Pharmaceutical, Fragrance, etc.)), and by Region (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published Date : Apr 2022

Dodecanedioic acid (DDDA) is an alpha, omega-dicarboxylic acid that is dodecane in which the methyl groups have been oxidised to the corresponding carboxylic acids. DDDA is a C12 dibasic acid/dicarboxylic acid. It is a white solid with a flaky form in terms of physica... View more

Coherent Market Insights

India Sulphonated Naphthalene Formaldehyde Market, by Product Type (Solid and Liquid), by Construction Industry (Residential, Infrastructure, and Non-residential) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Published Date : Feb 2022

Sulphonated naphthalene formaldehyde is a condensed polymer product. It is mainly used as powerful water reducing agent in concrete and also known as superplasticizer. It produces concrete with exceptionally workable characteristic referred to as high slump. It helps ... View more

Coherent Market Insights

Aliphatic Polyketone Market, by Grade (M230A, M930A, M330A, M620A, M630A, M730A, and Others), by Application (Industrial, Automotive, Electrical & Consumer Electronics, and Others), and by Region (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2021 - 2028

Published Date : Dec 2021

Aliphatic polyketones are a new class of engineering thermoplastics, which can be used for various applications such as automotive, consumer electronics etc. The polymers have perfectly alternating structure made of carbon monoxides and alpha olefins such as ethylene.... View more

Coherent Market Insights

Webbing Market, by Product (Polyester, Nylon, Polypropylene, Carbon Fibers, Para Aramid Fibers, UHMWPE, and Others), by Type (Flat webbing, Tubular webbing, and Others), by Application (Automotive, Industrial, Sporting Goods, Military, and Others), and by Region (North America, Latin America, Asia Pacific, Europe, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2021 - 2028

Published Date : Oct 2021

Webbing is a strong fabric woven as a flat strip or tube of varying width and fibres, often used in place of rope. It is a versatile component used in climbing, slack lining, furniture manufacturing, automobile safety, auto racing, towing, parachuting, military appare... View more

Coherent Market Insights

Polyols and Polyurethane Market, By Type (Polyether Polyol and Polyester Polyols), By Application (Flexible Foam, Rigid Foam, Coatings, Adhesives & Sealants and Elastomers), By Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027

Published Date : Jul 2021

Polyurethanes are polymers and are widely used across various applications. Polyols are one of the key ingredients used in the production of polyurethanes. Polyurethanes are available in different types such as rigid forms, elastomers, flexible foams, and solid compos... View more

Coherent Market Insights

Polycarbonate Market, By Application (Automotive, Electronic, Construction, Optical Media, Packaging, Others), By Region (North America, Europe, Asia Pacific, Rest of the World) - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027

Published Date : Jul 2021

Polycarbonate is a high-performance thermoplastic polymer that is tough, transparent, and amorphous nature. It exhibits excellent properties such as moisture-resistance, chemical, and electrical resistance and also offer thermal stability. It is produced by a step-gro... View more

Coherent Market Insights

Vinyl Acetate Monomer Market, by Application (Polyvinyl Acetate (PVAc), Polyvinyl Alcohol (PVOH or PVA), Ethylene-Vinyl Acetate (EVA), Ethylene-Vinyl Alcohol (EVOH), Others), by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa)- Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published Date : Oct 2022

Vinyl acetate monomer is an organic compound that is produced by the reaction of ethylene and acetic acid with oxygen by using palladium catalyst. It is one of the key chemical compounds use to produce various industrial and consumer’s goods such as polymers and... View more

Coherent Market Insights

Styrenic Polymers Market, By Product Type (Polystyrene, ABS, SAN, MBS, MABS, SMMA, SBS, SEBS, Others), By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027

Published Date : Aug 2020

Styrenic polymers are produced by polymerization of styrene monomers and compounds such as acrylonitrile and butadiene. Styrenic polymers are widely used across the automotive industry, packaging, construction, and electronic appliances. These polymers are rapidl... View more

Subscribe Newsletter

Kindly subscribe for our latest news & articles.