Corrosion Resistant Resin Trends and Forecast
The future of the global corrosion resistant resin market looks promising with opportunities in the marine, automotive & transportation, oil & gas, infrastructure, and heavy industries markets. The global corrosion resistant resin market is expected to reach an estimated $13.8 billion by 2030 with a CAGR of 5.5% from 2024 to 2030. The major drivers for this market are escalating monetary losses attributed to corrosion, growing awareness towards the benefits of corrosion resistant resins in protecting industrial assets from corrosion, and upgrading of infrastructure with modernization efforts.Corrosion Resistant Resin by Segment
The study includes a forecast for the global corrosion resistant resin by type, application, end use, and region.Corrosion Resistant Resin Market by Type [Shipment Analysis by Value from 2018 to 2030]
- Epoxy
- Polyester
- Polyurethane
- Vinyl Ester
- Others
Corrosion Resistant Resin Market by Application [Shipment Analysis by Value from 2018 to 2030]
- Coatings
- Composites
- Others
Corrosion Resistant Resin Market by End Use [Shipment Analysis by Value from 2018 to 2030]
- Marine
- Automotive & Transportation
- Oil & Gas
- Infrastructure
- Heavy Industries
- Others
Corrosion Resistant Resin Market by Region [Shipment Analysis by Value from 2018 to 2030]
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Corrosion Resistant Resin Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies corrosion resistant resin companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the corrosion resistant resin companies profiled in this report include-- Eastman Chemical Company
- BASF
- GE Plastics Hexion
- Ashland
- Reichhold
Corrosion Resistant Resin Market Insights
The publisher forecasts that epoxy will remain the largest segment over the forecast period due to its widely adoption in the coating and composite material applications.Within this market, oil & gas is expected to witness the highest growth due to wide applications in oil & gas industries as coatings and composites.
APAC will remain the largest region over the forecast period due to rapid industralization and rising investments in infrastructure and transportation sectors in the region.
Features of the Global Corrosion Resistant Resin Market
- Market Size Estimates: Corrosion resistant resin market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Corrosion resistant resin market size by type, application, end use, and region in terms of value ($B).
- Regional Analysis: Corrosion resistant resin market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different types, applications, end uses, and regions for the corrosion resistant resin market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the corrosion resistant resin market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the corrosion resistant resin market size?Answer: The global corrosion resistant resin market is expected to reach an estimated $13.8 billion by 2030.
Q2. What is the growth forecast for corrosion resistant resin market?
Answer: The global corrosion resistant resin market is expected to grow with a CAGR of 5.5% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the corrosion resistant resin market?
Answer: The major drivers for this market are escalating monetary losses attributed to corrosion, growing awareness towards the benefits of corrosion resistant resins in protecting industrial assets from corrosion, and upgrading of infrastructure with modernization efforts.
Q4. What are the major segments for corrosion resistant resin market?
Answer: The future of the corrosion resistant resin market looks promising with opportunities in the marine, automotive & transportation, oil & gas, infrastructure, and heavy industries markets.
Q5. Who are the key corrosion resistant resin market companies?
Answer: Some of the key corrosion resistant resin companies are as follows:
- Eastman Chemical Company
- BASF
- GE Plastics Hexion
- Ashland
- Reichhold
Answer: The publisher forecasts that epoxy will remain the largest segment over the forecast period due to its widely adoption in the coating and composite material applications.
Q7. In corrosion resistant resin market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to rapid industralization and rising investments in infrastructure and transportation sectors in the region.
Q.8 Do we receive customization in this report?
Answer: Yes,the publisher provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the corrosion resistant resin market by type (epoxy, polyester, polyurethane, vinyl ester, and others), application (coatings, composites, and others), end use (marine, automotive & transportation, oil & gas, infrastructure, heavy industries, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Corrosion Resistant Resin Market: Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Eastman Chemical Company
- BASF
- GE Plastics Hexion
- Ashland
- Reichhold
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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