Modern world depends largely on plastics processed from plastic resins or polymers. Plastics are widely used in different industries such as automobile, packaging, consumer goods etc.
There are different kinds of plastics (resins) present in market suiting the countless number of applications owing to their properties.
Different types or Grades of resins such as HDPE, LDPE, PET, PP, SAN, ABS, PMMA and many others are available in the market.
Resin prices are the most important costing inputs made by the plastic manufacturers, compounders & recycler or processors. Prices of these materials are very crucial information to be tracked off regularly.
Information regarding these plastic resins or polymers (properties, production, market size, applications, sustainability etc.) and their prices can be found below:
Production of Resins
Plastic resins are produced by heating hydrocarbons in “cracking-process”. This process breaks down larger molecules into ethylene or propylene.
This process is followed by the polymerization process, where monomers undergo to produce polymer resins.
Further, they are collected and processed. Processing can also include the addition of some kinds of dyes, flame-retardants or plasticizers as required.
Nowadays to maintain environmental sustainability and avoid pollution health hazards created from plastics, these resins are being recycled on a large scale and even innovations are being carried out to develop bio-polymers.
Thermoplastics or plastic resins are polymers that can be molded above a specific temperature and solidified on cooling according to the desired shape.
Each of these thermoplastics and thermosetting material has a different set of processing characteristics, being used for production on the suitability of these properties with the product to be manufactured.
They can be easily reshaped into useful products by using different kinds of processing techniques such as injection molding, compression molding, and extrusion etc.
Resins are not a single form of material, but a complete family of related materials with varying properties that meet the requirement for producing a number of products such as bottles, containers, closures, caps even the drugs, vitamins or other kind of pharmaceutical products we are using.
Their utility is required in almost every end-user segment in some of the other forms.