Polymers and Resins

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 Over time though, natural resins have almost been replaced by synthetic resins due to the superior chemical and physical properties of the former.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

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Polymers and Resins Published Insights

Coherent Market Insights Nitrile Butadiene Rubber Market

Published Date : Sep 2023

What is Nitrile Butadiene Rubber? Also known as Buna-N, nitrile butadiene rubber, or simply NBR, nitrile rubber is made from the polymer acrylonitrile and the chemical compound butadiene. Because it's a synthetic rubber, it's resistant to weather, ozone, and other ele... View more

Coherent Market Insights Wood Adhesives Market

Published Date : Sep 2023

Wood adhesive refers to adhesive that assists in bonding pieces of wood together. They are commonly used in furniture, shipbuilding, and arts and crafts. Hide glue, epoxy, PVA glue, and polyurethane are some of the most used wood adhesives. These adhesives are water r... View more

Coherent Market Insights Aliphatic Polyketone Market

Published Date : Aug 2023

Aliphatic polyketones are characterized by a carbon-carbon backbone consisting of carbon monoxide and alpha-olefins. Their perfectly alternating structure gives rise to a unique combination of properties such as short molding cycles, low warpage, superior resilience, ... View more

Coherent Market Insights Bio Based Biodegradable Plastics Market

Published Date : Aug 2023

Biodegradable plastic is a type of plastic that can be broken down naturally by bacteria or fungi into simpler compounds. It can be used in various applications, such as packaging materials, disposable cutlery, agricultural films, and medical devices. Biodegradable pl... View more

Coherent Market Insights Polycarbonate Market

Published Date : Jul 2023

The Global Polycarbonate Market is accounted for US$ 22.6 Billion in terms of value by the end of 2022. Polycarbonates are thermoplastic polymers that are used as tough materials across several industrial applications. These polycarbonates can be... View more

Coherent Market Insights Antimicrobial Plastics Market

Published Date : Jul 2023

Because of their pathogen-inhibiting capabilities, antimicrobial polymers are increasingly being employed as an alternative for traditional materials in the healthcare sector for the manufacture of medical tools such as ventilators and anesthesia machines. This plasti... View more

Coherent Market Insights Medical Polymer Market

Published Date : Jul 2023

Medical polymers is the term used for the building blocks of most medical devices today. These polymers include a large range of functional components such as elastomeric fibers, polyethylene glycol, plastics, rubber micro particles, polyethylene Teflon, rubber powder... View more

Coherent Market Insights Synthetic And Bio Based Adipic Acid Market

Published Date : Jul 2023

Adipic acid is a vital raw material used in the manufacturing of industrial fiber such as Nylon 6.6. Adipic acid is basically produced by using various raw materials such as benzene, cyclohexane, and phenol. The lower purity grade of adipic acid is used to produce pol... View more

Coherent Market Insights Melamine Formaldehyde Market

Published Date : Jul 2023

Melamine formaldehyde is a synthetic resin obtained by condensation of two monomers, melamine and formaldehyde. Melamine formaldehyde is a durable, hard, and versatile thermosetting amino, last with good heat and fire resistance. It is also a chemically resistant resi... View more

Coherent Market Insights Vinyl Acetate Monomer Market

Published Date : Jul 2023

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 consumers goods such as polymers, which are... View more

Coherent Market Insights Styrenic Polymers Market

Published Date : Jul 2023

Styrenic polymers are manufactured by the polymerization of styrene monomers and are widely used as a substitute for a number of metallic parts used in various end-user industries. Styrenic Polymers offers a wide range of products across various industries such as con... View more

Coherent Market Insights Bioplastic Composites Market For Injection Molding

Published Date : Jul 2023

Injection molding is a manufacturing process where liquid raw materials are injected into an object to create an integral part. This allows the manufacture of complex and hollow parts with precise shapes, sizes, and dimensions. Injection molding is an ideal process fo... View more

Coherent Market Insights Pedot Market

Published Date : Jul 2023

PEDOT (Poly(3,4-ethylenedioxythiophene)) is a type of conductive polymerthat possesses electronic and ionic conduction properties. These properties makes it capable of using PEDOT in a various sectors such as energy, healthcare, and in the electronics industry in the ... View more

Coherent Market Insights Polypropylene Compounds Market

Published Date : Jun 2023

Polypropylene compounds are versatile plastics which can be formulated with various materials and additives. They offer a wide range of properties and find extensive application in industries such as packaging, construction, textile and electrical and electronics. The... View more

Coherent Market Insights Ultra High Molecular Weight Polyethylene Rope Market

Published Date : May 2023

Report Description Ultra high molecular weight polyethylene ropes provide high level of security and protection for the mooring of tanker vessels. UHMWPE ropes are smaller in volume, which makes them suitable for s... View more

Coherent Market Insights Metallocene Polyethylene Market

Published Date : Apr 2023

Metallocene polyethylene (PE), also known as linear metallocene, is a high performance polymer that are used in a wide range of applications in the agriculture, building & construction, packaging industries. Metallocene polyethylene improves the general properties... View more

Coherent Market Insights Carbon Fiber Composite Heating Elements Market

Published Date : Mar 2023

Carbon fiber heating elements are lightweight fibers and delivers excellent characteristics such as high tensile strength and high temperature tolerance in comparison with conventional structure metals such as aluminum and steel. Thus, high demand for carbon fiber com... View more

Coherent Market Insights Epoxy Curing Agents Market

Published Date : Mar 2023

Epoxy curing agents have a wide range of applications in industrial coatings, civil engineering & construction, automotive, and metal-to-metal adhesives, composites, and electronic potting, among others. Various types of curing agents such as aliphatic, cycloaliph... View more

Coherent Market Insights Global Caprolactam Market

Published Date : Mar 2023

Caprolactam are organic compounds with molecular formula ((CH2)5CNH). It is a colorless, solid, toxic substance and process an irritant properties. The caprolactam market is segmented by nylon 6 fiber and nylon 6 resin. The nylon 6 fiber is the largest segment and is ... View more

Coherent Market Insights Cross Linked Polyethylene Market

Published Date : Feb 2023

Polyethylene is a low-cost commodity plastic with thermoplastic nature. Cross-linked polyethylene (PEX) is a type of polyethylene containing cross-linked bonds. These cross-linking bonds which are present in the polymer structure converts the thermoplastic t... View more

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