Corrosion Resistant Resin Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026

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Corrosion Resistant Resin Market- Global Industry
Insights, Trends, Outlook, and Opportunity
Analysis, 2018-2026

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REPORT DESCRIPTION
Corrosion Resistant Resin Market Overview
Resin is highly viscous or solid substance which
can be natural or of synthetic origin. Corrosion
resistance resins are mainly formulated as
isophthalic, vinyl ester, and terephthalic resins
to impart desired property of corrosion
resistance. They have application in oil gas,
automotive, and marine industries However,
corrosion is major challenges faced by
manufactures operating in these industries, as it
leads to high monetary and property losses across
the aforementioned industries. Corrosion
resistant resin are gaining traction in these
industries, owing to their properties such as
resistance to solvents, chemicals, moisture, and
high temperature. They have a wide range of
application in manufacturing of glass containers,
stainless steel, and painted steel. Increasing
demand for composite materials is one of the
major factors boosting growth of corrosion
resistant resin market. Moreover, conventionally
used metals such as carbon steel and aluminum are
being replaced by composites due advantages such
as cost effectiveness and low maintenance.
Corrosion resistance materials have high demand
from chemical industry, where losses due to
corrosion leads to significant revenue losses.
Increasing adoption of corrosion resistant resins
in equipment, structures and machineries are
expected to drive growth of the market over the
forecast period.
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REPORT DESCRIPTION

• Corrosion Resistant Resin Market Taxonomy
• On the basis of product type, the corrosion
  resistant market is segmented into
• Epoxy
• Polyester
• Vinyl Ester
• Polyurethane
• On the basis of application, the corrosion
  resistant market is segmented into
• Composites
• Coatings
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REPORT DESCRIPTION
Corrosion Resistant Resin Market Outlook -
Increasing Focus on Cutting Losses due to
Corrosion Expected to Propel Market Growth Asia
Pacific is expected to be the most potential
market for growth of corrosion resistant resin
manufacturers. Asia Pacific is projected to
witness relatively high growth in terms of value
over the forecast period. Rapidly increasing
industrialization, GDP growth, and demand for
improved and modern infrastructure in the region
is expected to fuel the demand for corrosion
resistant resins in the region, which in turn is
propelling growth of the corrosion resistant
resin market. According to India Brand Equity
Foundation (IBEF)a trust by the Department of
Commerce, Ministry of Commerce and Industry,
Government of IndiaIndian construction Industry
is projected to be valued at US 5 billion,
creating a highly conducive environment for
growth of the market. However, fluctuating
prices of raw material is restraining growth of
corrosion resistant resin market over the
forecast period. This is mainly due raw materials
used for manufacturing corrosion resistant resins
comprise majority of petroleum products, which
are expensive. Some of the companies operating in
the global corrosion resistant resin industry
include Reichhold Inc., Huntsman Corporation,
Olin Corporation, Scott Bader Company Limited,
Ashland Inc., Aditya Birla Chemicals, and Polynt
Composites Inc. Request Customization Of Research
Report _at_https//www.coherentmarketinsights.com/ins
ight/request-customization/323
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