+1-518-618-1030 866 - 552 - 3453 USA-Canada Toll Free

Corrosion Resistant Resin Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024

Pre Book Price: $ 5216

Original Price: $ 5795

Corrosion resistant resins are designed to protect the fibers they surround in a composite material owing to their excellent adhesion, high performance mechanical properties and chemical resistance in various harsh conditions. The curing property and durability of resins make it the right candidate to be incorporated in composite materials which will ultimately be used in storage tanks, process tanks and pipes. The everyday applications of corrosion resistant resin market include painted steel, glass containers, stainless steel articles and a wide variety of plastics. Corrosion resistance is determined by the choice of resin used within the composite application. There are various resin systems available which provide long term resistance to corrosion. 


Growing demand for composite materials is the key market driver of corrosion resistant resin market. With the increasing adoption of light- weight materials, composites are replacing traditional metals as they are cost effective and requires low maintenance. Research and development departments of manufacturing companies are carrying out researches to widen the application area of corrosion resistant resins which is expected to propel the corrosion resistant resin market. Modernization of infrastructure is a significant growth factor that is fuelling the global market growth. Corrosion resistant resins are used in end use industries such as automotive and transportation, oil and gas, heavy industries and others. Thus, rising demand for corrosion resistant resins from varied industries is also influencing the market of corrosion resistant resin market. The growing prominence of corrosion resistant resins market can also be attributed to increasing losses due to corrosion in structures, equipment, and machineries especially from chemical industry plants; especially parts such as boilers, heaters, pumps and chimneys.

Resins for corrosion resistance are broadly categorized into thermosetting resins and thermoplastic resins out of which thermosetting resins is the most commonly used one for composites applications. Polyester resin dominates the thermoset resin market and Epoxies hold the second position in the thermoset resin market. The composites industry uses significant amount of thermoset resins to fabricate parts and products for the automotive, aerospace, construction, sporting goods, electrical or electronics, wind energy and other markets. In terms of products, corrosion resistant resins are segmented as isophthalic polyester resin, vinyl ester resin, bisphenol fumarate polyester resin, chlorendic polyester resin, phenolic resins and epoxy resins. On the basis of application corrosion resistant market is classified as coatings, composites and others. In terms of end use industry, corrosion resistant resin is classified into marine, automotive and transportation, oil and gas, construction and infrastructure, heavy industry and others. 

The global corrosion resistant resins market has exhibited   a robust progress in 2015 and is likely to follow the same trend in the forecast period (2016-2024). Asia Pacific is a key region for the global market of corrosion resistant resin because of growing urbanization and infrastructure developments. The increasing foreign investments along with flourishing end-user markets such as power generations, tanks and pipes, construction, marine, and oil and gas are expected to drive the market for corrosion resistant resins in the region. China is considered to be biggest niche market for corrosion-resistant resins owing to well-established industries in the country. Apart from China, Japan, India , and South Korea are some of the key countries in the region contributing significantly towards the growth of the corrosion resistant resin market. The markets in Europe and North America, however, are saturated. The emerging one in Middle East & Africa is projected to develop owing to an extensive oil & gas industry in the region. 

The key players with global presence for corrosion resistant resin market include The DECC Company, Ashland Inc.,Reichhold Inc, Huntsman Corporation, Hexion Inc, Olin Corporation, Scott Bader Company Limited and . 

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   
     

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

 


To receive discount, please click on the button below.

Please click on the button below to customize this report.

 
 
Back To Top