Setting up a Plastics Material and Resin Manufacturing Business

If you are looking to start your own plastics material and resin manufacturing business, there are several things you need to consider. First, before making any investment into the production of your own plastic product, you should evaluate how much demand your product will have in the market. If there is high demand, it’s definitely worth investing in your own plastic resins and materials manufacturing business. Before deciding on the type of plastic resins and materials that you want to manufacture, you need to take note of the specific properties required by your customers so that you can determine which type of plastic you will use in order to produce the desired product.

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Introduction to Plastics Material and Resins

Plastic materials are divided into two main types: thermoplastics and thermosets. Thermoplastics, which make up most of what we think of as plastics, are malleable at high temperatures but become rigid when cooled to room temperature. They can be molded or extruded into shapes that harden without further processing, such as injection molding. Thermosets, on the other hand, do not soften again after cooling; they remain solid and can only be processed with solvents. Thermoset plastics include polyesters (such as fiberglass), epoxies (used in boat hulls), silicones (such as sealants) and urethanes (such as coatings). Most resins are thermosetting plastics, although some resin systems can be formed from either type of plastic.

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A plastic material is often specified by its chemical composition. A material may have many different grades depending on its purity and level of refinement. There is usually no single standard composition for any given plastic material, since each application has different requirements. In plastics industry, plastic raw materials are also called as resins, but there are some differences between resin and plastic. At present, most of resins used in plastics industry belong to thermosetting plastics.

In thermosetting plastics, all main monomers have an active hydrogen, which can react with other monomers or crosslinking agents to form covalent bonds at room temperature or by heating. The reaction is irreversible and forms a stable three-dimensional network structure that cannot be broken down into its original components. The final product is hard, infusible, insoluble in solvents and heat resistant. Commonly used resins include phenol-formaldehyde (PF), urea-formaldehyde (UF), melamine-formaldehyde (MF) and so on.

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Plastics Material and Resin industry

The plastics material and resin industry is made up of companies that manufacture polymers such as polyethylene, polystyrene, polypropylene, polyvinyl chloride (PVC), acrylonitrile butadiene styrene (ABS) and high-density polyethylene (HDPE). These manufacturers use raw materials derived from natural gas, coal or petroleum to produce plastic pellets. The industry also produces resins which are intermediates in making plastic products.

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Raw materials used by these manufacturers include ethylene, propylene, vinyl acetate monomer (VAM), vinyl chloride monomer (VCM) and tetrafluoroethylene monomer (TFEM). Other products produced by these companies include nylon 6/6 fibers, nitrile rubber and methyl methacrylate copolymer. Some major producers of plastics material and resin include ExxonMobil Chemical Company, Dow Chemical Company, LyondellBasell Industries NV and Chevron Phillips Chemical Company LLC.

Market Size of Plastics Material and Resins

The global plastic material and resins market reached a value of nearly $466.2 billion in 2020, having increased at a compound annual growth rate (CAGR) of 1.2% since 2015. The market is expected to grow from $466.2 billion in 2020 to $659.2 billion in 2025 at a rate of 7.2%. The market is then expected to grow at a CAGR of 3.5% from 2025 and reach $ 784.2 billion in 2030.

Growth in the historic period in the plastic material and resins market resulted from increased demand for industrial packaging products, growth of motor vehicles, and growth in the construction industry. The market was restrained by stringent regulations, and environmental concerns over plastics. Going forward, new developments in packaging will drive the growth in the plastic material and resins market.

New developments in the packaging industry, such as CO2RE foaming technology, big data, IoT integration are expected to drive the plastic material and resins market going forward. Convenience features, such as resalable packs, easy-opening, stand-up pouches and smaller pack sizes for single-servings are being introduced and more promotional packs and brand extensions are being developed to ensure customer loyalty. Similarly, recent development of bio-degradable plastics which degrade naturally from the actions of microorganism such as bacteria, algae and fungi is gaining traction. These developments in packaging will increase the consumption of plastics and will in turn drive the market growth.

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List of Products that are Being Made under this Industry:

1. Acetal resins manufacturing

2. Acrylic resins manufacturing

3. Acrylonitrile-butadiene-styrene (ABS) resins manufacturing

4. Alkyd resins manufacturing

5. Allyl resins manufacturing

6. Amino resins manufacturing

7. Amino-aldehyde resins manufacturing

8. Butadiene copolymers containing less than 50 percent butadiene manufacturing

9. Carbohydrate plastics manufacturing

10. Casein plastics manufacturing

11. Cellulose acetate resins manufacturing

12. Cellulose nitrate resins manufacturing

13. Cellulose propionate resins manufacturing

14. Cellulose resins manufacturing

15. Cellulose xanthate (viscose) manufacturing

16. Coal tar resins manufacturing

17. Coumarone-indene resins manufacturing

18. Cresol resins manufacturing

19. Cresol-furfural resins manufacturing

20. Dicyandiamide resins manufacturing

21. Diisocyanate resins manufacturing

22. Elastomers (except synthetic rubber) manufacturing

23. Epichlorohydrin bisphenol manufacturing

24. Epichlorohydrin diphenol manufacturing

25. Epoxy resins manufacturing

26. Ester gum manufacturing

27. Ethylcellulose plastics manufacturing

28. Ethylene-vinyl acetate resins manufacturing

29. Fluoro-polymer resins manufacturing

30. Fluorohydrocarbon resins manufacturing

31. Ion exchange resins manufacturing

32. Ionomer resins manufacturing

33. Isobutylene polymer resins manufacturing

34. Lignin plastics manufacturing

35. Melamine resins manufacturing

36. Methyl acrylate resins manufacturing

37. Methylcellulose resins manufacturing

38. Methyl methacrylate resins manufacturing

39. Nitrocellulose (i.e., pyroxylin) resins manufacturing

40. Nylon resins manufacturing

41. Petroleum polymer resins manufacturing

42. Phenol-formaldehyde resins manufacturing

43. Phenol-furfural resins manufacturing

44. Phenolic resins manufacturing

45. Phenoxy resins manufacturing

46. Phthalic alkyd resins manufacturing

47. Phthalic anhydride resins manufacturing

48. Plastics and synthetic resins regenerating, precipitating, and coagulating

49. Polyacrylonitrile resins manufacturing

50. Polyamide resins manufacturing

51. Polycarbonate resins manufacturing

52. Polyester resins manufacturing

53. Polyethylene resins manufacturing

54. Polyethylene terephthalate (PET) resins manufacturing

55. Polyhexamethylenediamine adipamide resins manufacturing

56. Polyisobutylene resins manufacturing

57. Polymethacrylate resins manufacturing

58. Polypropylene resins manufacturing

59. Polystyrene resins manufacturing

60. Polytetrafluoroethylene resins manufacturing

61. Polyurethane resins manufacturing

62. Polyvinyl alcohol resins manufacturing

63. Polyvinyl chloride (PVC) resins manufacturing

64. Polyvinyl halide resins manufacturing

65. Polyvinyl resins manufacturing

66. Propylene resins manufacturing

67. Protein plastics manufacturing

68. Pyroxylin (i.e., nitrocellulose) resins manufacturing

69. Resins, plastics (except custom compounding purchased resins), manufacturing

70. Rosins (i.e., modified resins) manufacturing

71. Silicone resins manufacturing

72. Soybean plastics manufacturing

73. Styrene resins manufacturing

74. Styrene-acrylonitrile resins manufacturing

75. Tar acid resins manufacturing

76. Thermoplastic resins and plastics materials manufacturing

77. Thermosetting plastics resins manufacturing

78. Urea resins manufacturing

79. Urea-formaldehyde resins manufacturing

80. Vinyl acetate resins manufacturing

81. Vinyl chloride resins manufacturing

82. Vinyl resins manufacturing

83. Vinylidene resins manufacturing

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