The global corrosion resistant resin market size was USD 9.5 Billion in 2022 and is expected to reach USD 17.47 Billion in 2032, and register a rapid revenue CAGR of 7% during the forecast period. Rising demand for high-performance materials that offer higher corrosion resistance from various end-use sectors, such as O&G, automotive, marine, and construction, is a major factor driving market revenue growth.
Corrosion has the potential to seriously harm the equipment and infrastructure, causing enormous financial losses. In addition, increasing need for strong and long-lasting materials that can withstand adverse environmental conditions is expected to rise demand for corrosion-resistant resins and drive revenue growth of the market. This has led to an increase in the adoption of corrosion-resistant resins across a range of end-use industries to increase the longevity and dependability of their products.
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The global corrosion resistant resin market is highly competitive, with several established players operating in the market. The market is fragmented with a few large players and several small and medium-sized players. Major players are focusing on developing and introducing new and innovative products, strategic collaborations and agreements, and mergers and acquisitions to expand their market presence. Some of the key companies in the global corrosion resistant resin market are:
- Arkema S.A.
- Ashland Global Holdings Inc.
- BASF SE
- Dow Chemical Company
- Hexion Inc.
- Huntsman Corporation
- Kemrock Industries and Exports Ltd.
- Olin Corporation
- Solvay S.A.
- Sumitomo Bakelite Co., Ltd.
- Sika AG
Key questions addressed in the report:
- What is the expected market size of the global Corrosion Resistant Resin market during the forecast period?
- What CAGR is the global market expected to register during the forecast period?
- Which key factors are expected to boost global market growth between 2021 and 2028?
- What are the key restraints that are expected to hamper global market growth?
- Which regional market is expected to register robust CAGR during the forecast period?
- Which key players are operating the global Corrosion Resistant Resin market?
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Corrosion Resistant Resin Market Segmentation:
By Resin Type Outlook:
- Vinyl Ester
By Application Outlook:
- Oil & Gas (O&G)
- Automotive & Transportation
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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