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 Over time though, natural resins have almost been replaced by synthetic resins due to the superior chemical and physical properties of the former.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

Published Date : Jan 2023

Spider silk is a protein fiber that is spun from spiders. The silk is used to create webs or other structures such as nets to catch the prey or cocoons to protect the offspring or to wrap up its prey. Also, silk is used for suspension or to float through the air and v... View more

Coherent Market Insights Methylpentene Copolymer Market

Published Date : Jan 2023

Methylpentene copolymer is used in autoclavable laboratory and medical equipment, cookware, and microwave components, owing to properties such as good temperature stability. According to Coherent Market Insights’ analysis, the market for reprocessed medical devi... View more

Coherent Market Insights Petroleum Resins Market

Published Date : Dec 2022

Petroleum resins are obtained from cracking of heavy carbon feedstock. It has properties such as solubility, softening points, thermal stability, and chemical stability. Increasing demand of petroleum resins in footwear, leather, contact adhesives, hot melt adhesives,... View more

Coherent Market Insights Waterproofing Membranes Market

Published Date : Sep 2022

A waterproofing membrane is a thin layer of material used to prevent water from contacting another material that it is placed over. Waterproofing membranes may be adhesive or simply laid on top of the material they are supposed to protect. Waterproofing membranes are ... View more

Coherent Market Insights Bric Automotive Plastics Market

Published Date : Aug 2022

Automotive plastics are used in passenger vehicles and commercial vehicles owing to benefits offered which includes extended shelf-life of the automotive components, enhanced safety, less corrosion, and makes vehicle fuel-efficient. Various type of plastics used for a... View more

Coherent Market Insights Recycled Plastic Granules Market

Published Date : Jul 2022

Recycled plastic granules are granules produced through the recycling of plastic waste generated during the production of various goods. These are the most typical thermoplastic material distribution forms that producers of raw plastic materials use. They are used as ... View more

Coherent Market Insights Photocatalytic Coating Market

Published Date : Jul 2022

The development of photocatalytic processes, materials, and chemicals offers opportunities to solve environmental issues such as pollutant degradation, clean air and provide a clean and sustainable environment via environmental remediation, CO2 photo reduct... View more

Coherent Market Insights Liquid Crystal Polymers Market

Published Date : Jul 2022

Liquid crystal polymers (LCP) exhibit a highly ordered structure in both liquid and solid states. LCP can replace materials such as ceramics, metals, composites, and other plastics, owing to properties such as outstanding strength at extreme temperatures and resistanc... View more

Coherent Market Insights Polyamide 12 Market

Published Date : Jul 2022

Polyamide 12 is a thermoplastic polymer and is made from either laurolactam or ω-aminolauric acid. It has optimal impact strength and lower melting point, and moisture absorption properties compared to the standard form of polyamide 6, which has higher strength ... View more

Coherent Market Insights Synthetic Rope Market

Published Date : Jul 2022

Synthetic fibers are man-made fibers, which include nylon, polyester, polypropylene, or high-performance fibers such as high modulus polyethylene (HMPE). They are used in the manufacturing of synthetic ropes to suit different applications in end-use industries such as... View more

Coherent Market Insights Adipic Acid Market

Published Date : Jun 2022

Adipic acid is a white, crystalline compound and is primarily used in the production of nylon 6,6. It is also used to produce polyurethanes as a reactant to form plasticizers, lubricant components, and polyester polyols. Feedstocks include benzene, cyclohexane, and am... View more

Coherent Market Insights Molded Plastic Market

Published Date : May 2022

The process of using a rigid frame or mold for shaping of plastic is called plastic molding. The mold used in the process gives the desired shape and is made of steel or aluminum. Plastic molding helps in creation of objects of all sizes and shapes using both simple a... View more

Coherent Market Insights Silicone Polymer Market

Published Date : May 2022

Silicone polymers are also called as polysiloxanes. Silicone polymers have an alternating -Si-O- type structure. This basic structural unit is found in many rocks and minerals in nature including common sand. Silicone polymers are diverse class of fluids, resins,... View more

Coherent Market Insights Dodecanedioic Acid Market

Published Date : Apr 2022

Dodecanedioic acid is a chemical compound made from butadiene through a chemical reaction in multiple stages. Butadiene is first transformed into a cyclotrimerisation cycle into cyclododecatriene. It is then transformed to dodecanedioic acid by process of hydrogenatio... View more

Coherent Market Insights India Sulphonated Napthalene Formaldehyde Market

Published Date : Feb 2022

Sulphonated naphthalene formaldehyde condensate (SNF) also called polynaphthalene sulphonate (PNS) is derived from the chemical industry. Petroleum or coal tar naphthalene is sulphonated using very concentrated sulphuric acid at high temperature and is then polymerize... View more

Coherent Market Insights Unsaturated Polyester Resins Market

Published Date : Oct 2021

Unsaturated polyester resin means that the polymer compound has no one particular monomer. Unsaturated polyester resin is an extremely versatile material used for a wide variety of products in all industries across the world. One of the most popular uses for unsaturated polyester resin is in the ... View more

Coherent Market Insights Webbing Market

Published Date : Oct 2021

Webbing is a strong woven fiber available in flat strips or tube form; it is used as a substitute of rope. Conventionally, webbing is produced using cotton and silk, however, polymer, nylon, and polyester are replacing the traditional materials. Webbing is known for i... View more

Coherent Market Insights Top 15 Petrochemicals Market

Published Date : Sep 2021

Petrochemicals (sometimes abbreviated as petchems) are chemical products obtained from petroleum by refining. Some chemical compounds made from petroleum are also obtained from other fossil fuels, such as coal or natural gas, or renewable sources such as maize, palm f... View more

Coherent Market Insights Polymers For Additive Manufacturing Market

Published Date : Jun 2021

Polymers for additive manufacturing have been gaining high demand due to the rise and expansion of the 3D printing market all over the globe. Additive manufacturing enables the fabrication of geometrically complex structures with reduced fabrication and costs. The syn... View more

Coherent Market Insights Pp Homopolymer Market

Published Date : Jun 2020

Polypropylene (PP) homopolymer is predominantly used for production of different products for various industries such as automotive, electrical, household, cosmetics, electronics, pharmaceutical, packaging, personal care, and others. Manufacturers across these industr... View more

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