Fluoroelastomer Specialists
Plastics are basically synthetic materials, which are produced by many organic molecules together. These organic materials which come together are also called as monomers. Polymers are formed by a process called polymerization wherein reaction happens between monomers to form polymers. These polymers have unique properties such as toughness, viscoelasticity Etc.
due to which they are being used in many industries. An Elastomer is a type of polymer which has some specific properties like viscoelasticity, weak inter-molecular forces, low young’s modulus. Elastomers are being primarily used in making seals, adhesives and molded flexible parts.
The market for plastics and polymers is expected to increase in the coming years. This growth can be attributed to the rising demand for plastics across many industries. But the increasing concern for recyclability and decomposition due to which the regulations imposed by the Environment protection agency, might cause the slow down of growth rate in the coming years. The market for elastomers is also expected to increase in the coming years, but the rising costs due to increase in prices of raw materials may create a barrier for the growth rate.
Market Segmentation:
The market for Plastics, polymers and elastomers can be segmented based on the type and application. On the basis of type the market can be categorized as Styrene block copolymers, Butyl Elastomer, Nitrile Elastomers, Acrylic Elastomers, Ethylene-propylene Elastomer, Thermoplastic polyether block amides, Styrene block copolymers, Thermoplastic Polyolefin, Thermoplastic Polyurethanes, Thermoplastic Vulcanizates. On the basis of applicationsof plastics, polymers and elastomers the market can be categorized as Automotive, Consumer goods, Medical, Industrial and others.
