Corrosion-Resistant Resin Market Intelligence Report Offers Insights on Growth Prospects 2021–2026
The Market report provides critical insights on the market size, share, trend, forecasts, and opportunity analysis.
The newly launched report by Stratview Research, titled ‘Corrosion-Resistant Resin Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2021-2026’ has been bifurcated by Resin Type (Polyester, Epoxy, Vinyl Ester, and Others), by End-Use Industry (Aerospace & Defense, Transportation, Building & Construction, Pipe & Tank, Marine, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
According to the report, global corrosion-resistant resin market in the composites industry is projected to grow at a healthy CAGR of >6% over the next five years. 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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Market Segmentation Analysis -
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.
Key Players
The following are the key players in the market-
· 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.
Research Methodology
Stratview Research's reports are the result of a thorough analysis that combines thorough secondary, and primary interviews with industry leaders, and confirmation using unique internal database and statistical methods. More than 1,000 verified secondary sources, such as annual reports from companies, press releases, fact books, journals, white papers, and blogs are reviewed and analysed.
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