Stratview Research announces the addition of a new market research report on Global Corrosion-Resistant Resin Market in the Composites Industry by Resin Type (Polyester, Epoxy, Vinyl Ester, and Others), by End-Use Type (Aerospace & Defense, Transportation, Building & Construction, Pipe & Tank, Marine, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2017 – 2022.
This market report from Stratview Research studies the global corrosion-resistant resin market in the global composites industry over the period 2011 to 2022. The research report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
The Global Corrosion-Resistant Resin Market in the Composites Industry: Highlights
As per Stratview Research, the global market for corrosion-resistant resin in the composites industry is expected to offer a robust growth of 6.5% CAGR during the forecast period of 2017 to 2022, which offers an opportunity to the chemical industry players to align themselves with the market growth.
There are several factors bolstering the growth of corrosion-resistant resin market in the composites industry. The author of the report cited increasing penetration of composites in corrosion-resistant applications, such as sewage, irrigation, chemical, and oil & gas; development of new composites applications in different industries; increasing infrastructure expenditures in developing economies; and an expected recovery of oil & gas drilling activities in coming years as the major growth drivers contributing to a healthy demand for corrosion-resistant resins in the composites industry.
Based on resin type, polyester dominates the global corrosion-resistant resin market in the composites industry owing to its lower cost and good properties and is projected to remain the most dominant resin type during the forecast period as well. However, epoxy resin is estimated to experience the highest growth in the global corrosion-resistant resin market in the composites industry.
As per the study, 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.
In terms of region, 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.
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 the key players in the global corrosion-resistant resin market in the composites industry. New product development, wide geographical reach, and collaboration with customers are some of the key strategies adopted by companies to gain competitive edge over others.
This industry research report from Stratview Research provides market intelligence in the most comprehensive manner. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the research report:
Avail free customization options which are listed in the link given below along with the detailed Table of Contents and Report Description.
Free customization options for market research report on global corrosion-resistant resin market in the composites industry.
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