A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Corrosion
Resistant Resin Market.
The study, titled “Corrosion
Resistant Resin Market - Global Industry Analysis, Size, Share,
Growth, Trends, and Forecast 2016 - 2024”,
is available for sale on the firm’s website.
Corrosion
resistant resins are designed to protect the fibers they surround in
a composite material owing to their excellent adhesion, high
performance mechanical properties and chemical resistance in various
harsh conditions. The curing property and durability of resins make
it the right candidate to be incorporated in composite materials
which will ultimately be used in storage tanks, process tanks and
pipes. The everyday applications of corrosion resistant resin market
include painted steel, glass containers, stainless steel articles and
a wide variety of plastics. Corrosion resistance is determined by the
choice of resin used within the composite application. There are
various resin systems available which provide long term resistance to
corrosion.
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Market Research Report @
Growing
demand for composite materials is the key market driver of corrosion
resistant resin market. With the increasing adoption of light- weight
materials, composites are replacing traditional metals as they are
cost effective and requires low maintenance. Research and development
departments of manufacturing companies are carrying out researches to
widen the application area of corrosion resistant resins which is
expected to propel the corrosion resistant resin market.
Modernization of infrastructure is a significant growth factor that
is fuelling the global market growth. Corrosion resistant resins are
used in end use industries such as automotive and transportation, oil
and gas, heavy industries and others. Thus, rising demand for
corrosion resistant resins from varied industries is also influencing
the market of corrosion resistant resin market. The growing
prominence of corrosion resistant resins market can also be
attributed to increasing losses due to corrosion in structures,
equipment, and machineries especially from chemical industry plants;
especially parts such as boilers, heaters, pumps and chimneys.
Resins
for corrosion resistance are broadly categorized into thermosetting
resins and thermoplastic resins out of which thermosetting resins is
the most commonly used one for composites applications. Polyester
resin dominates the thermoset resin market and Epoxies hold the
second position in the thermoset resin market. The composites
industry uses significant amount of thermoset resins to fabricate
parts and products for the automotive, aerospace, construction,
sporting goods, electrical or electronics, wind energy and other
markets. In terms of products, corrosion resistant resins are
segmented as isophthalic polyester resin, vinyl ester resin,
bisphenol fumarate polyester resin, chlorendic polyester resin,
phenolic resins and epoxy resins. On the basis of application
corrosion resistant market is classified as coatings, composites and
others. In terms of end use industry, corrosion resistant resin is
classified into marine, automotive and transportation, oil and gas,
construction and infrastructure, heavy industry and others.
The
global corrosion resistant resins market has exhibited a robust
progress in 2015 and is likely to follow the same trend in the
forecast period (2016-2024). Asia Pacific is a key region for the
global market of corrosion resistant resin because of growing
urbanization and infrastructure developments. The increasing foreign
investments along with flourishing end-user markets such as power
generations, tanks and pipes, construction, marine, and oil and gas
are expected to drive the market for corrosion resistant resins in
the region. China is considered to be biggest niche market for
corrosion-resistant resins owing to well-established industries in
the country. Apart from China, Japan, India , and South Korea are
some of the key countries in the region contributing significantly
towards the growth of the corrosion resistant resin market. The
markets in Europe and North America, however, are saturated. The
emerging one in Middle East & Africa is projected to develop
owing to an extensive oil & gas industry in the region.
Get
accurate market forecast and analysis on the Corrosion Resistant
Resin market. Request a sample to stay abreast on the key trends
impacting this market@
The
key players with global presence for corrosion resistant resin market
include The DECC Company, Ashland Inc.,Reichhold Inc, Huntsman
Corporation, Hexion Inc, Olin Corporation, Scott Bader Company
Limited and .
The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
The
study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The
regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
About
Us
Transparency
Market Research (TMR) is a market intelligence company, providing
global business information reports and services. Our exclusive blend
of quantitative forecasting and trends analysis provides
forward-looking insight for thousands of decision makers. TMR's
experienced team of Analysts, Researchers, and Consultants, use
proprietary data sources and various tools and techniques to gather
and analyze information.
Our
data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
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Us
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