![Global Polymer Resin Market](https://res.cloudinary.com/devmoveo/image/upload/v1712230423/skyquest/gallery/Global_Polymer_Resin_Market.jpg)
Report ID: SQMIG15A2421
Report ID:
SQMIG15A2421 |
Region:
Global |
Published Date: April, 2024
Pages:
180
|
Tables:
97 |
Figures:
73
Polymer Resin Market size was valued at USD 6.2 Billion in 2022 and is poised to grow from USD 6.7 Billion in 2023 to USD 13.43 Billion by 2031, growing at a CAGR of 8.97% in the forecast period (2024-2031).
The technological equivalent of naturally occurring herbal products is polymer resin, and polymer resin begins as a permanently stable, viscous liquid after exposure to air for a predetermined length of time. Hydrocarbon fuels including natural gas, crude oil, coal, salt and sand are used as the main building blocks for polymer resin. Manufacturers of raw materials that convert intermediates into polymer resins and processors that convert these materials into finished products are the two major components of the polymer resin industry. Producers of monomers with resin intermediates or polymerization processes are used to synthesize polymers for raw materials. Crude polymeric products are typically manufactured and sold as liquid adhesives, coatings, and resins, although they can also be purchased in bulk as pellets, powders, granules, or sheets. Manufacturers generally use cracking techniques to convert petroleum hydrocarbons into polymeric alkenes such as ethylene, propylene, and butylene.
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Report ID: SQMIG15A2421