SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section
14(a) of the Securities Exchange Act of 1934
(Amendment No. _______ )

Filed by the Registrant [X]

Filed by a Party other than the Registrant [ ]

Check the appropriate box:

[ ] Preliminary Proxy Statement

[ ] Confidential for use by Commission only
(as permitted by Rule 14a-6(e)(2))

[X] Definitive Proxy Statement

[ ] Definitive Additional Materials

[ ] Soliciting Materials Pursuant to SS.240.14a-12

POLYMER RESEARCH CORP. OF AMERICA
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Name of Registrant as Specified in its Charter

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Name of Person Filing Proxy Statement if other than Registrant

Payment of Filing Fee (Check the appropriate box):

[X] No fee required.

[ ] Fee computed on table below per Exchange Act Rules 14a-6(i)(4)
and 0-11.

1) Title of each class of securities to which transaction applies:
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2) Aggregate number of securities to which transaction applies:
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3) Per unit price or other underlying value of transaction computed
pursuant to Exchange Act Rule 0-11:
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4) Proposed maximum aggregate value of transaction:
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5) Total fee paid:
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[ ] Fee paid previously with preliminary materials.

[ ] Check box if any part of the fee is offset as provided by Exchange Act
Rule 0-11(a)(2) and identify the filing for which the offsetting fee was
paid previously. Identify the previous filing by registration statement
number, or the Form or Schedule and the date of its filing.

1) Amount Previously Paid:
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2) Form, Schedule or Registration Statement No.:
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3) Filing Party:
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4) Date Filed:
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POLYMER RESEARCH CORP. OF AMERICA

2186 Mill Avenue

Brooklyn, New York 11234

May 2, 2002

NOTICE OF ANNUAL MEETING OF SHAREHOLDERS

TO BE HELD ON JUNE 5, 2002

To the Shareholders of POLYMER RESEARCH CORP. OF AMERICA:

NOTICE IS HEREBY GIVEN that the Annual Meeting of Shareholders of
Polymer Research Corp. of America ("Polymer") will be held at the offices of
Polymer, 2186 Mill Avenue, Brooklyn, New York 11234 on June 5, 2002, at 10:00
A.M. for the following purposes, all as more fully set forth in the attached
proxy statement:

1. To elect eight (8) directors of Polymer; and

2. To transact such other business as may properly come before the
meeting or any adjournment thereof.

The Board of Directors has fixed the close of business on May 1, 2002,
as the record date for the determination of shareholders entitled to notice of
and to vote at the Annual Meeting.

Pursuant to Article 2A of Polymer's Bylaws, any nominations for
directors must be made in writing and received by the Secretary of the
Corporation at least 21 days prior to the Meeting. Such nominations, if any,
must set forth:

(i) the name, age, business address, and if known, residence
address of each nominee proposed in such notice, (ii) the
principal occupation or employment of each such nominee and (iii)
the number of shares of stock of the Corporation which are
beneficially owned by each such nominee.

YOUR VOTE IS IMPORTANT. PLEASE EXECUTE AND RETURN
THE ENCLOSED PROXY STATEMENT WHETHER OR NOT YOU
INTEND TO BE PRESENT AT THE ANNUAL MEETING.

By Order of the Board of Directors

-------------------------------
Anna Dichter, Secretary

POLYMER RESEARCH CORP. OF AMERICA
2186 MILL AVENUE
BROOKLYN, NEW YORK 11234

PROXY STATEMENT
FOR THE ANNUAL MEETING OF SHAREHOLDERS
TO BE HELD ON JUNE 5, 2002

This Proxy Statement is furnished in connection with the solicitation
by the Board of Directors of Polymer Research Corp. of America, a New York
corporation ("Polymer"), of proxies to be voted at the Annual Meeting of
Shareholders to be held at the offices of Polymer, 2186 Mill Avenue, Brooklyn,
New York 11234 on June 5, 2002, at 10:00 A.M., local time, and at any
adjournment thereof (the "Meeting"). This proxy statement will be mailed to
shareholders on or about May 6, 2002.

The purpose of the Meeting is to: (i) elect eight (8) directors of
Polymer; and (ii) consider such other business that may properly come before the
Meeting.

Any shareholder giving a proxy has the power to revoke it by giving
notice to Polymer in writing, or at the Meeting before any vote is taken. The
shares represented by the enclosed proxy will be voted as directed if it is
properly signed and received by Polymer prior to the time of the Meeting. If no
direction is given in the proxy, it will be voted in favor of nominees named in
this Proxy Statement. If for any unforeseen reason any of the nominees named in
this Proxy Statement is not available as a candidate for director, the persons
named as proxy holders will vote the proxy for such other candidate or
candidates as may be nominated by the Board of Directors.

OUTSTANDING SECURITIES AND
SECURITY OWNERSHIP OF
CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

The shareholders of record of Polymer's Common Shares at the close of
business on the record date, May 1, 2002, are entitled to vote on matters to
come before the Meeting. On that date, there were 1,925,784 issued and
outstanding Common Shares. As provided in the Certificate of Incorporation, each
Common Share is entitled to one vote. The affirmative vote of a plurality of the
votes cast at the meeting is required for the election of directors. A properly
executed proxy marked "WITHHOLD" with respect to the election of one or more
directors will not be voted with respect to the director or directors indicated,
although it will be counted for purposes of determining whether there is a
quorum.

The following table sets forth certain information, as of May 1, 2002
with respect to each person known to Polymer to be the beneficial owner of more
than 5% of Polymer's Common Shares and by all directors and executive officers
as a group. Unless otherwise indicated, the beneficial owners have sole voting
and investment power with respect to the shares beneficially owned.

NAME AND ADDRESS AMOUNT PERCENTAGE
BENEFICIAL OWNER BENEFICIALLY OWNED OF CLASS
---------------- ------------------ --------

Carl Horowitz 762,668(1) 39.6%(1)
2719 Whitman Drive
Brooklyn, NY 11234

Irene Horowitz 475,354(1) 24.7%(1)
2719 Whitman Drive
Brooklyn, NY 11234

All Officers and 1,013,908 52.64%
Directors as a Group
(10 persons)

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(1) Includes for each of Carl and Irene Horowitz 291,375 shares owned
jointly by them, but excludes shares owned individually by the
other.

EXECUTIVE COMPENSATION

The following table sets forth all compensation paid for services rendered
during the year ended December 31, 2001 and for the two prior years to the chief
executive officer of Polymer and each executive officer whose aggregate cash
compensation exceeded $100,000 for the year ended December 31, 2001.

SUMMARY COMPENSATION TABLE

Long Term
Compensation
------------
Name and
Principal Other Annual Restricted
Position Year Salary Bonus Compensation(1)(2)(3) Stock Awards
- -------- ---- ------ ----- ------------ ---------------

Carl Horowitz 2001 $171,765 $ 0 $0 $ 0
Chief Executive 2000 180,440 0 0 53,125
Officer, President 1999 174,414 0 12,812 50,000

Irene Horowitz 2001 134,591 0 0
Senior Vice President 2000 141,388 0 0 0
1999 164,873 0 0 53,125
50,000

John M. Ryan
Executive Vice 2001 286,583 0 0 0
President 2000 247,178 0 0 0
1999 272,486 0 0 20,000

Mohan Sanduja
Vice President 2001 124,073 0 0 0
2000 128,180 0 0 0
1999 126,897 0 0 0

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(1) Represents life insurance premium for policy of which Dr.
Horowitz has the right to designate beneficiary.

(2) The above table does not include any amount for personal benefits
because, in any individual case, such amounts do not exceed the
lesser of $50,000 or 10% of such individual's cash compensation.

(3) In addition, each officer received profit sharing equal to such
officer's pro rata portion of an aggregate of $5,000 profit
sharing contribution based upon such officer's salary as compared
to all employee salaries.

Directors who are not employees of Polymer receive a fee of $500 for
each regular meeting of the Board of Directors that they attend. Polymer has no
committees of directors except for an audit committee. See "Report of Audit
Committee" below. The Board of Directors met one time during 2001 and acted by
unanimous written consent one time. No directors other than Boris Jody, Alice
Barton, and Jaschsa Gurevitz attended less than 75% of the total number of
meetings of the Board and Committee on which he or she served.

EMPLOYMENT AGREEMENTS

On May 17, 1998, the Company amended Mr. Horowitz's employment
agreement to extend it through May 16, 2003. Mr. Horowitz's base salary under
the agreement was $170,000 for 1998 with annual increases of $10,000 thereafter
until December 31, 2002. In the final period of the agreement (January 1, 2003
through May 16, 2003) Mr. Horowitz will receive salary at the annual rate of
$240,000.

On July 26, 1994 the Company entered into retirement agreements with
Carl Horowitz and Irene Horowitz, each a director, and the Company's President
and Senior Vice President, respectively. Upon retirement, the agreements set a
compensation rate of 60% of the average annual compensation for the five
preceding years, payable for the remainder of the individuals' life. In addition
the Company is to maintain the individuals' medical benefits.

OPTIONS

Polymer did not grant any stock options to the named officers during
2001. No named officer exercised any options during 2001 or at the end of the
year held any options to purchase shares of Common Stock of Polymer.

ELECTION OF DIRECTORS

There are eight (8) directors to be elected at the 2002 Annual Meeting
of Shareholders. Those nominees receiving a plurality of the votes cast will be
elected. The Board of Directors recommends a vote FOR election of the nominated
slate of directors.

The following table states the names of the nominees, their age, the
present and former occupation of each nominee and the number of shares of
Polymer owned by each nominee as of the record date. All are currently directors
of Polymer who hold office until the Meeting and until their successors are
elected and qualified.

Number of Shares
of Company Percentage of Shares
Name Occupation Beneficially Owned Outstanding
- ---- ---------- ------------------ -----------

Carl Horowitz President, Chairman of the Board of 762,668(1) 39.6%
Directors and a Director of Polymer
since its inception in 1963. Mr.
Horowitz is 78 years old.

Irene Horowitz Mrs. Horowitz is Senior Vice 475,354(1) 24.7%
President and Manager of New
Technology of Polymer. Mrs.
Horowitz has been a Director of
Polymer since 1977. Mrs. Horowitz
is 78 years old.

John Ryan Mr. Ryan has been employed by 40,210 2.08%
Polymer since 1981. In 1985, Mr.
Ryan became Executive
Vice-President-Corporate Research
of Polymer. Mr. Ryan has been a
Director since 1985. Mr. Ryan is
46 years old.

Boris Jody Mr. Jody was employed by the -0- --
Standard Motors Corporation from
1952 until his retirement in 1991.
His last position was as Assistant
Executive Vice-President. Mr. Jody
has been a Director since 1985.
Mr. Jody is 83 years old. Mr. Jody
is a member of the Audit
Committee.

Mohan Sanduja Dr. Sanduja received his Ph.D in 1,000 0.05%
chemistry from Queens University,
Ontario, Canada in 1972. From
1979-1982, Dr. Sanduja was
Assistant Director of Research at
Polymer. Since 1982, Dr. Sanduja
has been Polymer's Director of
Research. Dr. Sanduja has been a
Vice President-Research and a
Director since 1987. Dr. Sanduja
is 66 years old.

Alice Barton Ms. Barton was first employed by 20,151 1.04%
Polymer in 1980. From 1993 to
1996, she was Senior Vice
President-R&D Marketing; from 1982
to 1993, she was Vice President-R&D
Marketing. In 1998, Ms. Barton
rejoined Polymer as Vice President,
West Coast Operations. Ms. Barton
has been a Director since 1987.
Ms. Barton is 41 years old.

Jaschsa J. Gurevitz Retired since 1990. For more than 0 -
five years prior thereto, manager
of New York Office of Central News
Agency of Johannesburg South
Africa. Mr. Gurevitz has been a
Director since 2000. Mr. Gurevitz
is 83 years old. Mr. Gurevitz is a
member of the Audit Committee.

Terry J. Wolfgang Mrs. Wolfgang was employed by 3,700 0.19%
Polymer from 1981 through April,
1989. From 1986 through April, 10,
1989, she was Vice President of
Contracts. Mrs. Wolfgang is an
attorney practicing law in New York
City since 1989. Mrs. Wolfgang has
been a Director since 1989. Mrs.
Wolfgang is 39 years old.

- --------------

(1) Includes for each of Carl and Irene Horowitz 291,375 shares owned jointly
by them.

Carl and Irene Horowitz are husband and wife and are the parents of
Alice Barton and Terry Wolfgang. Each disclaims beneficial ownership of shares
owned by the others.

CERTAIN TRANSACTIONS

During 2001, Polymer compensated Terry S. Wolfgang, Esq. $83,232 for
legal services rendered to Polymer. Ms. Wolfgang is a director of Polymer and is
the daughter of Polymer's President, Dr. Carl Horowitz and Senior Vice
President, Irene Horowitz.

OFFICERS

In addition to the directors listed above, Polymer has two officers.
Information concerning those individuals is set forth below:

NAME AGE NO. OF SHARES

Anna Dichter 85 1,800

Clare Chamow 65 400

Anna Dichter joined Polymer in 1968 as Controller. She was elected
Secretary/Treasurer of Polymer in 1977. Mrs. Dichter, who devotes her full time
and efforts to the affairs of Polymer, is in charge of maintaining Polymer's
books on a day-to-day basis. She is the sister of Irene Horowitz.

Clare Chamow joined Polymer in 1982. She became a Vice President in
March of 1996 and is responsible for office management.

AUDIT COMMITTEE REPORT

The Audit Committee of the Board is responsible for recommending the
appointment of the Polymer's independent accountants, reviewing the plan and
results of the yearly audit by the independent accountants, reviewing Polymer's
system of internal controls and procedures and where necessary, investigating
matters relating to the audit functions. The Board adopted a written charter for
the Audit Committee on June 2, 2000. The Audit Committee met one time during
2001.

The Audit Committee has reviewed Polymer's audited consolidated
financial statements for the year ended December 31, 2001 and discussed such
statements with management and Polymer's independent auditors, Goldstein & Ganz,
P.C. Management represented to the Committee that Polymer's consolidated
financial statements were prepared in accordance with generally accepted
accounting principles. Management is responsible for the financial statements
and the reporting process, including the system of internal controls. The
independent auditors are responsible for expressing an opinion on the conformity
of those audited financial statements with accounting principles generally
accepted in the United States.

The Audit Committee has discussed with Goldstein & Ganz, P.C. the
matters required to be discussed by Statement of Auditing Standards No. 61
(Communication with Audit and Finance Committees, as amended).

The Audit Committee received from Goldstein & Ganz, P.C. the written
disclosures required by Independence Standards Board Standard No. 1 and
discussed with them their independence. Based on the review and discussions
noted above, the Audit Committee recommended to the Board of Directors that
Polymer's audited consolidated financial statements be included in Polymer's
Annual Report on Form 10-KSB for the year ended December 31, 2001, to be filed
with the Securities and Exchange Commission.

Submitted by the Audit Committee:

Jaschsa Gurevitz
Boris Jody

AUDIT COMMITTEE INDEPENDENCE

Each member of the Audit Committee is independent under the definition
of independence under the NASDAQ Listing Standards.

AUDIT AND RELATED FEES

AUDIT FEES. The Company paid $19,000 to Goldstein & Ganz, P.C., its independent
auditors, for professional services rendered for the audit of the Company's 2001
financial statements.

FINANCIAL INFORMATION SYSTEMS DESIGN AND IMPLEMENTATION FEES. There were no fees
paid by the Company to Goldstein & Ganz, P.C. for financial information system
design and implementation for 2001.

ALL OTHER FEES. The Company paid no fees to Goldstein & Ganz, P.C. for services
other than those described above.

Since Goldstein & Ganz, P.C. provided no services other than services
in connection with the audit of the Company's financial statements, the Audit
Committee did not consider whether the provision of the non-audit services was
compatible with maintaining Goldstein & Ganz, P.C. independence.

POLYMER'S INDEPENDENT PUBLIC ACCOUNTANTS

Goldstein & Ganz, P.C. has been appointed Polymer's independent public
accountant for fiscal 2002. A representative of Goldstein & Ganz, P.C. is
expected to be present at the 2002 Annual Meeting of Shareholders, and will be
available to answer appropriate questions, and will have an opportunity to make
a statement if such representative should desire.

On February 26, 2001, Polymer engaged Goldstein & Ganz, P.C. as the
principal accountants to audit Polymer's financial statements for the fiscal
year ending December 31, 2000. The decision to change accountants was approved
by the Board of Directors of Polymer. Polymer's previous certifying accountant
was Castellano Korenberg & Co.

The Report of Castellano Korenberg & Co. on the financial statements of
Polymer for 1998 and 1999 fiscal years did not contain an adverse opinion or
disclaimer of opinion nor was it modified as to uncertainty, audit scope or
accounting principles. There were no disagreements with Castellano Korenberg &
Co. on any matter of accounting principles or practices, financial statement
disclosure, or auditing scope or procedure, during the 1998 and 1999 fiscal
years which, if not resolved to Castellano Korenberg & Co.'s satisfaction, would
have caused Castellano Korenberg & Co. to make reference to the subject matter
of the disagreement(s) in connection with its Reports.

Prior to its engagement as Polymer's independent accountant, Goldstein &
Ganz, P.C. had not been consulted by Polymer either with respect to the
application of accounting principles to a specific transaction or the type of
audit opinion that might be rendered on Polymer's financial statements.

Each of Goldstein & Ganz, P.C. and Castellano Korenberg & Co. has
informed Polymer that it does not believe that the statements made in this Proxy
Statement by Polymer with respect to the change in accountants are incorrect or
incomplete.

SECTION 16(A) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE

Section 16(a) of the Securities Exchange Act of 1934 requires
directors, executive officers and holders of more than 10% of Polymer's Common
Stock to file with the Securities and Exchange Commission reports regarding
their ownership and changes in ownership of Polymer's securities. Polymer
believes that, except for John Ryan, who filed Forms 4 for November 2001 and
December 2001 in March 2002, during 2001, its directors, executive officers and
10% shareholders complied with all Section 16(a) filing requirements. In making
this statement, Polymer has relied upon examination of the copies of Forms 3, 4
and 5 provided to Polymer. John Ryan reported six sales of an aggregate of 4,750
shares of Common Stock in November 2001 and six sales of an aggregate of 10,250
shares in December 2001.

STOCKHOLDER'S PROPOSALS

From time to time shareholders present proposals which may be proper
subjects for inclusion in the Proxy Statement and for consideration at an annual
meeting. Shareholders who intend to present proposals at the 2003 Annual
Meeting, and who wish to have such proposals included in the Polymer's Proxy
Statement for the 2003 Annual Meeting, must be certain that such proposals are
received by Polymer's Secretary at Polymer's executive offices, 2186 Mill
Avenue, Brooklyn, NY 11234 not later than January 2, 2003. Such proposals must
meet the requirements set forth in the rules and regulations of the Securities
and Exchange Commission in order to be eligible for inclusion in the Proxy
Statement. Shareholders who intend to present a proposal at the 2003 Annual
Meeting but who do not wish to have such proposal included in the Polymer's
Proxy Statement for such meeting must be certain that notice of such proposal is
received by Polymer's Secretary at Polymer's executive offices not later than
March 18, 2003.

ADDITIONAL INFORMATION

The cost of solicitation of Proxies will be borne by Polymer. Such
solicitation will be without cost to Polymer, except for actual out-of-pocket
communication charges. Brokerage houses, banks, custodians, nominees and
fiduciaries are being requested to forward the proxy material to beneficial
owners and their reasonable expenses therefor will be reimbursed by Polymer.

OTHER BUSINESS

The Board of Directors knows of no other business to be acted upon at the
meeting. However, if any other business properly comes before the meeting, it is
the intention of the persons named in the enclosed form of proxy to vote on such
matters in accordance with their best judgment.

Dated: Brooklyn, New York
May 2, 2002

UPON THE WRITTEN REQUEST OF ANY SHAREHOLDER OF POLYMER, POLYMER WILL
PROVIDE TO SUCH STOCKHOLDER A COPY OF POLYMER'S ANNUAL REPORT ON FORM 10-KSB FOR
2001, INCLUDING THE FINANCIAL STATEMENTS AND THE SCHEDULES THERETO, FILED WITH
THE SECURITIES AND EXCHANGE COMMISSION. ANY SUCH REQUEST SHOULD BE DIRECTED TO
SECRETARY, POLYMER RESEARCH CORP. OF AMERICA, 2186 MILL AVENUE, BROOKLYN, NEW
YORK 11234. THERE WILL BE NO CHARGE FOR SUCH REPORT UNLESS ONE OR MORE EXHIBITS
THERETO ARE REQUESTED, IN WHICH CASE POLYMER'S REASONABLE EXPENSES OF FURNISHING
SUCH EXHIBITS MAY BE CHARGED.

POLYMER RESEARCH CORP. OF AMERICA

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS
FOR THE ANNUAL MEETING OF SHAREHOLDERS TO BE HELD ON
JUNE 5, 2002

The Undersigned hereby appoints Carl Horowitz and Irene Horowitz, and
each of them, as the true and lawful attorneys, agents and proxies of the
undersigned, with full power of substitution, to represent and to vote as
designated on the reverse side, all shares of Common Stock, $.03 par value, of
Polymer Research Corp. of America (the "Company") held of record by the
undersigned as of the close of business on May 1, 2002 at the Annual Meeting of
Shareholders (the "Annual Meeting") to be held at 10:00 a.m. on June 5, 2002, at
2186 Mill Avenue, Brooklyn, New York 11234, and at any adjournments or
postponements thereof. Any and all proxies heretofore given are hereby revoked.

WHEN PROPERLY EXECUTED AND RETURNED, THIS PROXY WILL BE VOTED AS
DESIGNATED BY THE UNDERSIGNED. IF NO CHOICE IS SPECIFIED, THE PROXY WILL BE
VOTED FOR EACH OF THE NOMINEES FOR DIRECTOR AND, AS SET FORTH IN THE PROXY
STATEMENT, WILL BE VOTED IN THE DISCRETION OF THE PERSONS NAMED AS PROXIES
HEREIN IN CONNECTION WITH ANY OTHER BUSINESS THAT MAY PROPERLY COME BEFORE THE
ANNUAL MEETING. THE BOARD OF DIRECTORS RECOMMENDS VOTING FOR SUCH NOMINEES.

SEE REVERSE
CONTINUED AND TO BE SIGNED ON REVERSE SIDE SIDE

[X] Please mark votes as in this example.

1. ELECTION OF DIRECTORS TO A ONE-YEAR TERM.

Nominees: Carl Horowitz, Irene Horowitz, Mohan Sanduja, Boris Jody, John M.
Ryan, Alice Barton, Jaschsa Gurevitz, Terry Wolfgang.

Proxies not marked to withhold authority will be voted FOR the election of all
nominees whose names are not written on the line below.

[ ] FOR ALL NOMINEES [ ] WITHHELD FROM ALL NOMINEES

[ ] _____________________________________________
For all nominees except as noted above

[ ] MARK HERE FOR ADDRESS CHANGE AND NOTE BELOW.

IMPORTANT: Signatures should correspond exactly with the name(s) as they appear
on the stock record books of the Corporation. Each joint owner shall sign.
Executors, administrators, trustees, etc. should give full title.

Signature: Date:
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