openPR Logo
Press release

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

07-11-2018 01:04 PM CET | Industry, Real Estate & Construction

Press release from: CMI-Research Reports

Corrosion Resistant Resin Market - Global Industry Insights

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.

Download PDF Brochure @ https://www.coherentmarketinsights.com/insight/request-pdf/323

Epoxy resin product segment is dominant in the global corrosion resistant resin market, owing to 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 are used in marine industry to prevent the blistering of the hull ships. Replacing the conventional methods of applying protective paints by resin is increasing rapidly in various end-use industries such as infrastructure, oil & gas, and automotive. This is mainly attributed to the properties of composites such as easy installation, corrosion resistance, and ease of operation at elevated temperatures.

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 India—Indian construction Industry is projected to be valued at US$ 5 billion, creating a highly conducive environment for growth of the market. Moreover, increasing investments in industries such as infrastructure and transportation in emerging economies such as India is expected to boost growth of corrosion resistant resin market. China is leading the market, owing to deep-rooted industrial base. Middle East and Africa are emerging markets for the corrosion resistant resins due to increasing application in oil & gas industry. Europe and North America are expected to exhibit relatively slower growth in market over the forecast period.

Check the trending report of Global Adhesives and Sealants Market: https://www.coherentmarketinsights.com/ongoing-insight/adhesives-and-sealants-market-323

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.

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Contact Us:

Mr.Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email:sales@coherentmarketinsights.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Corrosion Resistant Resin Market - Global Industry Insights Opportunity Analysis, 2018-2026 here

News-ID: 1120329 • Views: 141

More Releases from CMI-Research Reports

Textile Packaging Market - Global Industry Insights, Trends, Outlook, and Opport …
Packaging textiles comprise all types of textile packing material for industrial, agricultural, and other goods. Textiles are usually preferred as packing materials, where scratch free and safe handling of materials is expected. Textile bags are extensively used for tea packaging. Non-woven textiles offer supreme abrasion resistance, good barrier performance, balanced waterproof properties and air-permeability, excellent tearing and tensile strength, highly uniformed appearance. Soft luggage bags such as totes, duffle, uprights, and
Increasing Electrical and Electronics Industry Growth Leading to Augmented Deman …
Gaffers Tape Market Outlook - Asia Pacific is one of the largest markets for gaffers tape. This is mainly attributed to the rapidly growing construction industry in this region. According to India Brand Equity Foundation (IBEF)—a trust by the Department of Commerce, Ministry of Commerce and Industry, Government of India—,in FY2020 the Indian construction Industry is estimated to reach a value of US$ 5 billion. This inadvertently would boost growth
Polyvinylidene Fluoride (PVDF) Market - Global Industry Insights, Opportunity An …
Polyvinylidene fluoride (PVDF) is a highly non-reactive thermoplastic fluoropolymer. It is chemically inert to most alcohols, acids, aromatic and aliphatic organic compounds, and chlorinated solvents. It offers properties such as low coefficient of friction, excellent intrinsic fire resistance, operability over a wide range of temperatures, good resistance to UV and radiation, capability for thermoforming, and can be easily joined by welding. Polyvinylidene fluoride is processed by various methods such as
Nanocellulose Market - Global Industry Insights, Trends, Outlook, and Opportunit …
Nanocellulose is a lightweight material processed from plant cellulose or wood pulp. Nanocellulose is produced through chemical or mechanical treatment of cellulose—a biopolymer material abundantly available in nature. Nanocellulose finds wide application across various industries, owing to characteristics such as superior mechanical, thermal, rheological, and structural properties. Unique properties of nanocellulose include high aspect ratio, biodegradability, high strength, and low density. Nanocellulose can be employed in virtually every field. It

All 5 Releases


More Releases for Corrosion

Anti-corrosion Coatings Global Market 2019-2022
Press Release – 31 Jan 2019 Research and Development News -- . . Latest Update "Anti-corrosion Coatings: Global Markets to 2022" with Industries Survey | Global Current Growth and Future. ' ' The global market for anti-corrosion coatings is expected to grow due to its high demand in a broad range of industry end-users across the globe. Corrosion is an ongoing problem in most industries, including major markets such as marine, oil and gas,
Corrosion-resistant Dosing Valve Market -
The global corrosion-resistant dosing valve market is prognosticated to gain support from a high preference over solenoid valves in classic chemical dosing applications. There could be two rational reasons why corrosion-resistant dosing valve is more of a preferred option than solenoid valve. First of all, new products introduced in the market such as GF Piping Systems’ 604/605 dosing valve have a minimal count of metal parts, which make them easy
Corrosion Monitoring Market Opportunities upto 2024
Corrosion is an electrochemical process that transforms metals and alloys into oxides, hydroxides, and aqueous salts. In the corrosion process, there are generally two types of reactions that take place. The first is the anodic reaction, in which reaction metal atoms are ionized and pass into solutions, leaving their electrons in the original metal. In the second process, the cathodic reaction, reduction takes place and metals are degraded by chemical
New corrosion and flame-retardant Products
The natural mineral called micaceous iron oxide has proved to be a good protection against heavy corrosion for many years, especially and extraordinarily well as a long term protection of objects. Besides the already well established products of the MIOX-series, suitable for many different applications and formulae, the GEORG H. LUH GmbH now offers a new “FeOMica“- range within their supply portfolio, with excellent technical properties at an extremely
Protective Packaging Announces Corrosion Prevention Services
As the economy has slowed over the last few years, companies have been forced to lay off workers and shut down factories, plants and manufacturing facilities. This has lead to an upsurge in the need for properly securing and preserving costly equipment and machinery while it is dormant. If they don’t take safeguarding precautions now, companies face the expensive task of refurbishing and/or replacing equipment when the time comes to
Corrosion Assessment Services
Cuproban Systems (Singapore) Pte Ltd offers complete marine Cathodic Protection solutions under one roof. Located strategically in the marine hub of Singapore, Cuproban Systems offers the following products and services: Description: Cuproban Systems (Singapore) Pte Ltd offers complete marine Cathodic Protection solutions under one roof. Located strategically in the marine hub of Singapore, Cuproban Systems offers the following products and services:Corrosion is one of the biggest problems of steel structures immersed