The global polymer industry has been witnessing prominent growth in terms of volume, technological advancement, and development in all end use industries worldwide. Co-polymer resins play a vital role in the polymer industry. Co-polymer resins are employed in the fabrication of products for various end-use applications. They are prepared by the copolymerization of maleic anhydride and styrene and its ester derivatives. Co-polymer resins are available in free flowing powder and are soluble in alkali and many solvents.
Co-polymer resins exhibit multipurpose characteristics, such as corrosion resistance, low weight, and mechanical strength. Along with this, co-polymer resins offer water resistance, durability, flexibility and heat resistance. They deliver several other benefits including, significant product quality, and temperature, mechanical, chemical and dimensional stability. Co-polymer resins form long polymer chains and can be easily customized as per the requirement of the end product. The automotive industry is one of the key application areas of co-polymer resins, and increasing growth in the automotive sector is expected to fuel demand of the co-polymer resin market over the forecast period.