Polymers Market accounted for US$ 522.7 billion in 2020 and is estimated to be US$ 838.5 billion by 2030 and is anticipated to register a CAGR of 5.3%. Polymers are used widely all over the world in every variety of industries. Polymers are classified into thermoplastics which is plastic polymer or plastomer. Thermoplastics are high viscosity, having recycling properties, high energy absorption in case of any damage occur, thermoplastics materials are weldable, conditionally solvent resistant, etc. Thermosets are polymers that retain their shape and condition after curing due to cross linking. Thermosets are used in electrical installations because of its chemical and mechanical resistance properties at high temperatures. Thermosets includes epoxy resins, polyester, paints and surface coatings. Thermosets have low viscosity, high solvent resistance, high fixture effort, limited recycling properties, etc. Elastomers includes natural rubber, neoprene, silicone, polyurethanes. Elastomers are used in rubber bands, belts, prosthetics, baby pacifiers and natural items. Global economic growth and standard living has resulted in increasing purchasing power by individuals which has given rise in growth of market.