Polymers and Resins

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 Over time though, natural resins have almost been replaced by synthetic resins due to the superior chemical and physical properties of the former.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

Polysilicon Market, by Manufacturing Technology (Siemens Process and Fluidized Bed Reactor (FBR) Process), by Application (Photovoltaic and Electronics), and by Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022-2028

Published Date : Dec 2022

Polysilicon or polycrystalline silicon is a highly pure form of silicon and is an essential material for photovoltaic (PV) and the electronics industry. It is widely used for manufacturing high-efficiency modules, ingots, wafers, cells, and solar power generation syst... View more

Coherent Market Insights

Synthetic Spider Silk Market, by Product Type, (Genetically Modified Yeast Fermentation, Genetically Modified Silkworm, and Genetically Modified E-Coli Fermentation), by Application (Automotive, Textile, Healthcare, Defense, and Others), and by Geography - Global Forecast to 2025

Published Date : May 2018

Global Synthetic Spider Silk Market – Insights 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 prey, or cocoons to pro... View more

Coherent Market Insights

Methylpentene Copolymer Market Report, by End-use Industry (Electrical and Electronics, Chemical, Pharmaceuticals, Packaging, Automotive, and Others), and by Region (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2018-2026

Published Date : Dec 2018

­­­Global Methylpentene Copolymer Market - Insights Methylpentene copolymer is a thermoplastic polymer. It shows properties such as transparency, low moisture absorption, high thermal stability, g... View more

Coherent Market Insights

Purging Compound Market - by Product Type (Chemical or Foam Purging, Liquid Purging and Mechanical Purging), and by Process (Blow Molding, Injection Molding, Extrusion, and Others) – Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2022-2028

Published Date : Dec 2022

Purging compound is used for cleaning plastic machinery such as injection molding machines, extruders, and blow molding machines. The formulation of resin compound contains a base resin and additives. Purging compound is used to remove contaminations and black specks ... View more

Coherent Market Insights

Polyamide 12 Market Report, by End-use Industry (Automotive, Consumer Goods, Electronics, Industrial, and Others) and by Region (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)- Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published Date : Jul 2022

Polyamide 12 belong to the family of polyamides, popularly known as nylon, and the number represents the presence of 12 carbon atoms in the molecule respectively. Wear resistance, strong mechanical qualities, low gas permeability, and chemical resistance are the chara... View more

Coherent Market Insights

Hair Fixative Polymers Market, by Product Type (Anionic polymers, Cationic polymers, Non-ionic polymers, and Amphoteric polymers) by Application (Hair Creams, Hair Gels, Hair Mousse, Hair Sprays, and Hair Wax), and by Region - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2022-2028

Published Date : Dec 2022

Hair fixative polymers are used in various hair styling products such as creams, gels, mousse, sprays, and wax. Polymers are useful class of raw material that are used in the cosmetic industry, owing to its rigidity in molecular size and chemical composition. They pro... View more

Coherent Market Insights

Polybutadiene Market, By Product Type (High Cis Polybutadiene, Low Cis Polybutadiene, High trans Polybutadiene, High Vinyl Polybutadiene), By Application (Industrial Rubber Manufacturing, Polymer Modification, Tire Manufacturing, Chemical Industry, Others) - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2022-2028

Published Date : Dec 2022

Polybutadiene is a polymer formed by polymerization of 1, 3-butadiene. It is a synthetic rubber, which is mostly used in the production of tires, and also to enhance the resistance of polystyrene and ABS (acrylonitrile butadienestyrene). Production of golf balls and c... View more

Coherent Market Insights

Polyurea Coatings Market, By Raw Material (Aliphatic Isocyanate-Based, Aromatic Isocyanate-Based), By Product Type (Hybrid Polyurea, Pure Polyurea), By Application (Construction, Transportation, Oil & Gas, Industrial, Others), and By Technique (Spraying, Pouring, Others) - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2022-2028

Published Date : Dec 2022

Polyurea is produced through a process called step-growth polymerization. The reaction of amine resins with a pre-polymer forms polyurea coating. Polyurea coating is durable, exhibits high resistance from corrosion and is flexible in nature. With different methods of ... View more

Coherent Market Insights

Resin Capsules Market By Catalyst Type (Oil-Based, Water Based, Organic Peroxides) By Resin Type (Acrylic, Epoxy, Polyesters, Others), and End-User (Construction, Mining, Manufacturing, Others) - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2022-2028

Published Date : Dec 2022

Resin, catalyst, and other additives are packed in polythene tubes to form resin capsules. They are widely used as an anchoring medium in tunnel construction, civil engineering, and mining industries. The advantages of using resin capsules are fast anchorage to the su... View more

Coherent Market Insights

Automotive Labels Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2022-2028

Published Date : Dec 2022

Automotive labels serve the purpose of displaying company name, cost, technical information, components information, other specifications, and barcode in automobiles. These labels are durable even in high temperature. They are required to cope with engine conditions i... View more

Coherent Market Insights

Chitin Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2022-2028

Published Date : Dec 2022

Chitin is the second-most abundant organic compound in nature and naturally occurs as a fibre forming polymer that plays a protective role in many lower eukaryotes similar to that of cellulose in plants. It is a long chain unbranched polysaccharide consisting of N-ace... View more

Coherent Market Insights

Polymer Matrix Composites Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2022-2028

Published Date : Dec 2022

Polymer matrix composites (PMCs) are mainly comprised of organic polymer matrix that are bonded together by continuous or short fibers. Polymer matrix composites are widely used due to their fracture toughness, higher strength and stiffness, low costs compared to cera... View more

Coherent Market Insights

High Temperature Coatings Market - Global Industry Insights, Trends, Size, Share, Outlook, and Opportunity Analysis, 2022-2028

Published Date : Dec 2022

High Temperature coatings or HTCs are used to protect the systems which subjected to high temperature conditions on a regular basis. They are designed to withstand temperatures from 150OC to 800OC. The use of HTCs helps in reducing heat losses, k... View more

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