Corrosion Resistant Resin Market, By Type (Epoxy, Polyester, Polyurethane, and Vinyl Ester), By Application (Coating, and Composites), By End-User Industry (Marine, Automotive & transportation, Oil & gas, Infrastructure, and Heavy Industries), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis, and Forecast till 2030

Report Code: PMI103919 | Publish Date: March 2024 | No. of Pages: 168

Global Corrosion Resistant Resin Market Overview

Introduction:

Corrosion Resistant Resin Market accounted for US$ 9.0 million in 2020 and is estimated to be US$ 15.81 million by 2030 and is anticipated to register a CAGR of 5.9%.

Corrosion resistant resin are designed to protect the fibers they surround in a composite material due to their excellent adhesion, chemical resistance in various harsh conditions, and high-performance mechanical properties. The curing property and durability of resins make it the suitable for incorporating in composite materials which is used in storage tanks, process tanks and pipes. The corrosion resistant resins have various applications which include glass containers, stainless steel articles, painted steel, and in a wide variety of plastics. Corrosion resistance depends on the choice of resin used within the composite application. There are various resin resistant systems available which provide long term resistant to corrosion.

 

Global Corrosion Resistant Resin Market Dynamics

Technological Advancements

Rising demand of composite material is the key factor driving growth of the corrosion resistant resin market. In addition, increasing adoption of light-weight materials, coupled with its cost-effectiveness and low maintenance cost is the other factor propelling growth of the target market. Also, increasing R&D activities for developing new products and to widen the application of the corrosion resistant resin is another factor boosting growth of the global corrosion resistant resin market. In addition, modernization of infrastructure is also propelling growth of the target market. corrosion resistant resin has certain applications in end-user industries such as oil and gas, automotive and transportation, and heavy industries which further surge growth of the target market. increasing losses due to corrosion in equipment, structures, and machineries, especially from the chemical industry plants has increased the demand of corrosion resistant resin thus further driving growth of the global corrosion resistant resin market.

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Global Corrosion Resistant Resin Market Segmentation

 

The corrosion resistant resin market is segmented on the basis of type, application, end-user industry and region. Based on the type, the target market is classified into epoxy, polyester, polyurethane, and vinyl ester. On the basis of application, the global corrosion resistant resin market is divided into coating, and composites. On the basis of end-user industry, the target market is categorized into marine, automotive & transportation, oil & gas, infrastructure, and heavy industries.

Regional Insights:

On the basis of region, the corrosion resistant resin market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is accounted for largest market share in terms of revenue and is projected to witness the fastest growth in the near future. This is attributed to increasing demand from automotive and transportation industries in countries in this region. This is also due to rising awareness regarding advantages of corrosion resistant resin in countries in this region. Europe is expected to witness moderate growth in the target market over the forecast period. Middle East and Africa is at nascent stage in the global corrosion resistant resin market.

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Report Scope:

Attribute

Details

Base year for estimation

2020

Forecast period

2020 – 2029

Market representation

Revenue in USD Million & CAGR from 2020 – 2029

Market Segmentation

By Type - Epoxy, Polyester, Polyurethane, and Vinyl Ester

By Application -Coating, and Composites

By End-User Industry - Marine, Automotive & transportation, Oil & gas, Infrastructure, and Heavy Industries

By Region- North America, Latin America, Europe, Asia Pacific, Middle East, and Africa

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

 

Corrosion Resistant Resin Market, By Region:

      • North America
          • U.S.
          • Canada
      • Europe
          • Germany
          • UK
          • France
          • Russia
          • Italy
          • Rest of Europe
      • Asia Pacific
          • China
          • India
          • Japan
          • South Korea
          • Rest of Asia Pacific
      • Latin America
          • Brazil
          • Mexico
          • Rest of Latin America
      • Middle East & Africa
          • GCC
          • Israel
          • South Africa
          • Rest of Middle East & Africa

Global Corrosion Resistant Resin Market Key Players

The key players operating in the Corrosion Resistant Resin Market includes Eastman Chemical Company, BASF SE, GE Plastics Hexion Inc., Ashland Inc., Reichhold LLC, Hexion Inc., Huntsman Corporation, Scott Bader Company Limited, Sino Polymer Co. Ltd., and Aditya Birla Chemicals.

Global Corrosion Resistant Resin Market Company Profile

  • Eastman Chemical Company*
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • BASF SE
  • GE Plastics Hexion Inc.
  • Ashland Inc
  • Reichhold LLC
  • Hexion Inc.  
  • Huntsman Corporation
  • Scott Bader Company Limited
  • Sinno Polymer Co. Ltd
  • Aditya Birla Chemicals

 “*” marked represents similar segmentation in other categories in the respective section

Global Corrosion Resistant Resin Market Table of Contents

Research Objective and Assumption

  • Preface
  • Research Objectives
  • Study Scope
  • Years Considered for the study
  • Assumptions
  • Abbreviations

Research Methodology

  • Research data
  • Primary Data
    • Primary Interviews
    • Primary Breakdown
    • Key data from Primary Sources
    • Key Thickness Insights
  • Secondary Data
    • Major Secondary Sources
    • Secondary Sources
  • Market Estimation
  • Top-Down Approach
    • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
  • Bottom-Up Approach
    • Approach for estimating market share by Bottom-up Analysis (Demand Side)
  • Market Breakdown and Data Triangulation
  • Research Assumptions

Market Preview

  • Executive Summary
  • Key Findings—Global Outlook for medical carts Strategies
    • Key Questions this Study will Answer
    • Market Snippet, By Type
    • Market Snippet, By Application
    • Market Snippet, By End-User Industry
    • Market Snippet, By Region
  • Opportunity Map Analysis
  • Executive Summary—3 Big Predictions

Market Dynamics, Regulations, and Trends Analysis

  • Market Dynamics
    • Drivers
    • Restrains
    • Market Opportunities
    • Market Trends
  • DR Impact Analysis
  • PEST Analysis
  • Porter’s Five Forces Analysis
  • Opportunity Orbit
  • Market Investment Feasibility Index
  • Macroeconomic Factor Analysis

Market Segmentation, By Type, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Epoxy
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Polyester
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Polyurethane
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Vinyl Ester
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market Segmentation, By Application, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Coating
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Composites
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market Segmentation, By End-User Industry, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Marine
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Automotive & transportation
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Oil & gas
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Infrastructure
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Heavy Industries
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Global Market, By Region, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Regional Trends
  • North America
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End-User Industry, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • U.S.
      • Canada
  • Europe
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End-User Industry, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • UK
      • France
      • Germany
      • Russia
      • Italy
      • Rest of Europe
  • Asia Pacific
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End-User Industry, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • India
      • Japan
      • South Korea
      • China
      • Rest of Asia Pacific
  • Latin America
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End-User Industry, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East & Africa
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End-User Industry, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East

Competitive Landscape

  • Heat Map Analysis
  • Market Presence and Specificity Analysis

Company Profiles

  • Eastman Chemical Company
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • BASF SE
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • GE Plastics Hexion Inc
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Ashland Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Reichhold LLC
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Hexion Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Huntsman Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Scott Bader Company Limited
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Sino Polymer Co. Ltd
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Aditya Birla Chemicals.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies

The Last Word

  • Future Impact
  • About Us
  • Contact

FAQs

Global Corrosion Resistant Resin Market is segmented on basis of type, application , end use industry and region .

Rising demand of composite material is the key factor driving growth of the global corrosion resistant resin market.

On the basis of region, the global corrosion resistant resin market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is accounted for largest market share.