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    Corrosion Resistant Resin Market Report

    Corrosion Resistant Resin Market Report
    Report code - SRAM134 Delivery - 2 Weeks
    Corrosion-Resistant Resin Market Size, Share, Trend, Forecast, & Competitive Analysis: See more...

    Market Insights

    Corrosion-resistant resin market is projected to grow from USD 9.21 billion in 2021 to USD 13.64 billion by 2028 at a healthy CAGR of 5.74% during the forecast period of 2022-2028.


    Market Drivers

    Increasing penetration of composites in the corrosion-resistant applications, such as sewage, irrigation, chemical, and oil & gas; development of new composites applications in different industries; increasing infrastructure expenditures in the developing economies; and an expected recovery of oil & gas drilling activities in coming years are the major growth drivers contributing to a healthy demand for corrosion-resistant resins in the composites industry.


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    Segment Analysis

    By Resin Type

    The global corrosion-resistant resin market in the composites industry is segmented based on resin type as polyester resin, epoxy resin, vinyl ester resin, and other resins. Polyester resin dominates the market because of its lower cost and good properties and is projected to remain the most dominant resin type during the forecast period as well.

    Epoxy resin is estimated to experience the highest growth in the global corrosion-resistant resin market in the composites industry. This resin type is gaining traction because of its excellent properties, such as strength, adhesiveness, versatility, moisture absorbent, and less volumetric shrinkage.

    By End-Use Industry Type

    Global corrosion-resistant resin market in the composites industry is segmented based on end-use industry as aerospace & defense, transportation, building & construction, pipe & tank, marine, and others. Pipe & tank is projected to remain the largest segment in the corrosion-resistant resin market for the composites industry during the forecast period, driven by sewage and chemical applications. Transportation is expected to witness the highest growth in the market, driven by increasing penetration of composites in the automotive industry to address stringent government regulations, such as CAFÉ standards.

    Regional Insights

    Asia-Pacific is expected to witness the highest growth in the global corrosion-resistant resin market in the composites industry over the next five years. Increasing infrastructure activities in major Asian countries, such as China and India, increasing boat production, and ongoing & future oil & gas activities are some of the major growth drivers of the region.


    Research Scope

    Trend & Forecast Period


    Regions Covered

    North America, Europe, Asia-Pacific, Rest of the World


     5.74% CAGR during 2022-2028

    Countries/Subregions Covered

    The USA, Canada, Mexico, Germany, France, Russia, The UK, China, Japan, India, Brazil, Argentina and Others

    Figures & Tables



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    The market is segmented in the following ways:

    By Resin Type:

    • Polyester Resin
    • Epoxy Resin
    • Vinyl Ester Resin
    • Other Resins

    By End-Use Industry Type:

    • Aerospace & Defense
    • Transportation
    • Building & Construction
    • Pipe & Tank
    • Marine
    • Others

    By Region:

    • North America (Country Analysis: USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, UK, Russia, and Rest of the Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
    • Rest of the world (Country Analysis: Brazil, Argentina, and Others)

    Key Players

    Some of the key players in the global corrosion-resistant resin market in the composites industry are-

    • Aditya Birla Chemicals
    • Ashland Inc.
    • BASF SE
    • Hexion Inc.
    • Huntsman Corporation
    • Olin Corporation
    • Polynt SpA
    • Reichhold Inc.
    • Scott Bader Co. Ltd.
    • Sino Polymer Co. Ltd.

    New product development, wide geographical reach, and collaboration with customers are some of the key strategies adopted by companies to gain a competitive edge over others.

    Research Methodology

    For calculating the market size, our analysts follow either Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. We leverage multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentation, white papers, and articles to gather the data. More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.

    Report Features

    This report, from Stratview Research, studies the corrosion-resistant resin market in the global composites industry over the period 2022 to 2028. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities in the market.

    The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis.
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Market trend and forecast analysis.
    • Market segment trend and forecast.
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3)
    • SWOT analysis of key players (up to 3)

    Market Segmentation

    • Current market segmentation of any one of the end-use industry type by resin type. 

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com

    Frequently Asked Questions (FAQs)

    The corrosion-resistant resin market in the composites is expected to witness an impressive growth of 5.74% CAGR during the forecast period of 2022 to 2028.

    Aditya Birla Chemicals, Ashland Inc., BASF SE, Hexion Inc., Huntsman Corporation, Olin Corporation, Polynt SpA, Reichhold Inc., Scott Bader Co. Ltd., and Sino Polymer Co. Ltd. are among the key players in the market.

    The corrosion resistance resins market size is expected to reach USD 13.64 billion in 2028.

    Asia-Pacific is expected to witness the highest growth in the market over the next five years.