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Corrosion Resistant Resin Market Report
Corrosion-Resistant Resin Market Size, Share, Trend, Forecast, & Competitive Analysis: 2022-2028
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.
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.
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.
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.
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.
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Research Scope |
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Trend & Forecast Period |
2016-2028 |
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Regions Covered |
North America, Europe, Asia-Pacific, Rest of the World |
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Forecast |
5.74% CAGR during 2022-2028 |
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Countries/Subregions Covered |
The USA, Canada, Mexico, Germany, France, Russia, The UK, China, Japan, India, Brazil, Argentina and Others |
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Figures & Tables |
>150 |
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Customization |
Up to 10% customization available free of cost |
The market is segmented in the following ways:
Some of the key players in the global corrosion-resistant resin market in the composites industry are-
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.
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.
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:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
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
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.
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