Corrosion-Resistant Resin Market to experience an impressive growth of 6.5% during 2017-2022

Addressing the most sought-after questions that occupy the minds of entrepreneurs and decision makers, the new report of "Stratview Research" on the Corrosion-Resistant Resin Market, answers all the important questions.

Getting to the bare bones of the issues and factors which are sculpturing the market, Stratview Research brings out the best actionable market intelligence for the global Corrosion-Resistant Resin Market.

The analysts have scrupulously studied the trend and cautiously forecasted the future market developments for 2017-2022.
The important questions the report answers are:
1. What will be the market growth rate in the near future?
2. What are the major developments in the market wrt regulations, acquisitions and innovations?
3. What are the growth drivers as well as the constraints?
4. What are the regional growth hotspots?
5. What are the segmental growth forecasts?

These questions and many more, big and small, are all discussed in the report in great detail.

Global Corrosion-Resistant Resin Market in the Composites Industry: Highlights
Global corrosion-resistant resin market in the composites industry is projected to grow at a healthy CAGR of 6.5% 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.

The strategic Market dissection
The dissection of the market is done to enlighten the aspects which are of interest to firms across the value chain.

Dissection by Segments
• by Resin Type : Polyester Resin, Epoxy Resin and Others
• by End-Use Industry : Aerospace & Defense, Transportation and Others
• by Region : North America, Europe, Asia-Pacific, and RoW

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Market Segments
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.

Asia-Pacific is expected to witness the highest growth in the global corrosion-resistant resin market in the composites industry over the next five years. Increasing infrastructure activities in major Asian countries, such as China and India, increasing boat production, and ongoing & future oil & gas activities are some of the major growth drivers of the region.

Players
Aditya Birla Chemicals, Ashland Inc., BASF SE, Hexion Inc., Huntsman Corporation, Olin Corporation, Polynt SpA, Reichhold Inc., Scott Bader Co. Ltd., and Sino Polymer Co. Ltd. are the key players in the global corrosion-resistant resin market in the composites industry. New product development, wide geographical reach, and collaboration with customers are some of the key strategies adopted by companies to gain a competitive edge over others.

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This release was published on openPR.