Plastic is an organic material that can be molded when heated and pressed. It has various properties depending on its type. Thermoplastics can be reshaped when heated while thermosetting plastics permanently harden when heated. Plastics come in different categories based on their structure, elasticity, and usage. They are widely used for flooring, pipes, furniture, storage containers, and various construction purposes due to properties like durability, light weight, and resistance to corrosion.