Corrosion Resistant Resin Market- Trends, Industry Insights, Outlook, and Opportunity Analysis, Forecast 2016-2024

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CORROSION RESISTANT RESIN MARKET-Global Industry
Insights, Trends, Outlook, and Opportunity
Analysis, 20162024

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REPORT DESCRIPTION
Corrosion Resistant Resin Market Overview
Resin is a 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. Oil gas, automotive, and marine
industries have witnessed a surge in recent
years. However, one of the major challenges faced
by companies operating in these industries is
corrosion. Corrosion leads to high monetary and
property losses across the aforementioned
industries. Corrosion resistant resin is
witnessing increased acceptance in these
industries, owing to its resistance to solvents,
chemicals, moisture, and high temperature range.
Corrosion resistant resin finds a wide range of
application in glass containers, stainless steel,
and painted steel, among others. Growing 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 to their added
advantages such as cost effectiveness and low
maintenance. Corrosion resistance materials are
anticipated to witness high demand in the
chemical industry, where losses due to corrosion
leads to significant revenue losses. Consumption
of corrosion resistant resins for application in
equipment, structures and machineries is expected
to increase in the near future.
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REPORT DESCRIPTION
Corrosion Resistant Resin Market Taxonomy

• On the basis of type of product type, the global
  market is classified into
• Epoxy
• Polyester
• Vinyl Ester
• Polyurethane
• On the basis of application, the global market is
  segmented into
• Composites
• Coatings
• Request sample of Corrosion Resistant Resin
  Market https//www.coherentmarketinsights.com/ins
  ight/request-sample/323

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REPORT DESCRIPTION
Corrosion Resistant Resin Market Taxonomy

• On the basis of end use industry, the global
  market is classified into
• Chemical
• Infrastructure
• Oil Gas
• Marine
• Food and Beverage
• Automotive and Transportation
• Others (power generation, paper and pulp)
• Epoxy resin product segment is expected to remain
  dominant in the global corrosion resistant resin
  market, due to its excellent corrosion resistance
  property, easy application and affordable cost.
  Epoxy coatings are widely used to prevent
  corrosion in manufacturing equipment, tanks for
  corrosive chemicals, underground storage tanks,
  industrial scrubbers, effluent management, and
  pressure transfer pipe. Vinyl resin is used in
  marine industry to prevent the blistering of the
  hull ships.

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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 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
anticipated to augment 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 Indiain FY2020 the
Indian construction Industry is projected to be
valued at US 5 billion. This is projected to
create a highly conducive environment for growth
of the market. Moreover growing foreign
investments in industries such as infrastructure
and transportation in growing economies such as
India is expected to boost growth of corrosion
resistant resin market in Asia Pacific. Request
to view the table of Content https//www.coherent
marketinsights.com/ongoing-insight/toc/323
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