Marché mondial des résines résistantes à la corrosion – Tendances et prévisions de l’industrie jusqu’en 2029

Analyse et taille du marché des résines résistantes à la corrosion

Les résines résistantes à la corrosion gagnent du terrain dans plusieurs industries en raison de leurs différentes propriétés telles que la résistance à l'humidité, aux solvants, aux produits chimiques et aux températures élevées. Ces résines ont une large application dans la fabrication d'acier peint, de récipients en verre et d'acier inoxydable. La « résine époxy » est le segment de type qui connaît la plus forte croissance en raison de ses excellentes propriétés de résistance à la corrosion, de son coût raisonnable et de sa simplicité d'application. En outre, la demande croissante de matériaux composites est l'un des principaux facteurs qui stimulent la croissance du marché des résines résistantes à la corrosion au cours de la période de prévision 2022-2029.

Selon les analyses de Data Bridge Market Research, le marché des résines résistantes à la corrosion devrait connaître un TCAC de 6,80 % au cours de la période de prévision. Cela indique que la valeur du marché, qui était de 9,22 milliards USD en 2021, grimperait en flèche pour atteindre 15,61 milliards USD d'ici 2029. En plus des informations sur les scénarios de marché tels que la valeur du marché, le taux de croissance, la segmentation, la couverture géographique et les principaux acteurs, les rapports de marché organisés par Data Bridge Market Research comprennent également une analyse approfondie des experts, une représentation géographique de la production et de la capacité par entreprise, des configurations de réseau de distributeurs et de partenaires, une analyse détaillée et actualisée des tendances des prix et une analyse des déficits de la chaîne d'approvisionnement et de la demande.

Portée du rapport et segmentation du marché

Market Definition

Resin is a ‘highly viscous or solid substance’ which is normally converted into polymers. The resins are derived from plants. Resins also exist in the combination of organic compounds.  These corrosion resistant resins are used for long-term to resist the surface from chemical attack which is essential or operating at elevated temperatures. Corrosion resistant resins are mainly formulated as terephthalic, isophthalic and vinyl ester resins. They have application in several industry such as automotive, oil and gas, and marine industries.

Global Corrosion Resistant Resin Market Dynamics

Drivers

• Increasing modernization of the infrastructure

The growing modernization of the infrastructure of companies boosts the demand of the corrosion resistant resin and aid to grow the demand of this product in the market significantly. The corrosion resistant resin has highly in demand over the aluminium, steel and other metals due to its unique properties such as easy maintenance and inherent longevity which are expected to drive the growth of the corrosion resistant resin market globally.

• Rising demand of epoxy coating

Epoxy coatings are extensively used in manufacturing facilities such as industrial scrubbers, waste control, destructive chemical tanks, underground storage tanks and pressure transfer pipes. Epoxy coating are generally used to prevent ships from corrosion in the marine industry. Traditional methods for applying protective paints are gradually being replaced by this epoxy based resins in several end-user industries such as oil and gas, and vehicle, and others. This can be due to the different properties of this composite, such as corrosion resistance, fast connection, and ease of operation at elevated temperatures.

Furthermore, the rising demand from end-user industries will help increase corrosion resistant resin's market growth during the forecast period. The increasing innovation of infrastructure, stability and curative property of resins, losses due to corrosion, mounting adoption of light-weight materials and increasing demand for the composite , associated with its low maintenance cost and cost efficiency are some of the major factors that are expected to boost the growth of the corrosion resistant resin market. 

Opportunities

• Surging product launches

The surging product launches and other innovations by major market players further provide numerous growth opportunities within the market. For instance, Ashland Inc. has launched Derakane Signia, a new resin for corrosion-resistant GFRP tanks and pipes. This new resin used in different industries such as water treatment, mineral processing, chemical processing and air pollution control.

Furthermore, the increasing demand for composites application will further create immense opportunities, leading to corrosion resistant resin market growth rate during the above mentioned forecast period.

Restraints/Challenges

Fluctuation in the prices of raw material

Fluctuation in the price of raw material used to manufacture corrosion resistant resin is limiting the growth of the corrosion resistant resin market over the forecast period. This is mainly due to the raw materials which is used for the manufacturing corrosion resistant resins consists majority of petroleum products, which are very expensive in nature. 

This corrosion resistant resin market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the corrosion resistant resin market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Corrosion Resistant Resin Market

The outbreak of covid-19 has been hampered the National and international transport due to lockdowns and restrictions which has imposed by several governments. This has led to disruption in the demand and supply chain in the global corrosion resistant resin market. Developing countries were strongly affected by this pandemic which is resulting in declining the growth in the construction and infrastructure sector and also affected the corrosion resistant resin market as well. The use of the corrosion resistant resin in several end-user industries such as oil and gas, marine, automotive and transportation and other heavy industries are anticipated to lead the economics of the corrosion resistant resin market to improve as soon as the industries start working post the COVID-19 period.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

• In January 2021, Ashland global holdings Inc. signed a contract to acquire the personal care business from Schulke & Mayr GmbH, a strategic positioning as a premier supplier and strengthening the consumer business portfolio of the company. 
• In December 2020, Huntsman Corporation had declared its contract with a North American specialty chemical to acquire Gabriel Performance Products. North American specialty chemical is the manufacturing company of specialty additives and epoxy curing agents for the sealants, coatings, adhesives and composite end-markets, this can broaden the company’s offering in specialty portfolio.

Global Corrosion Resistant Resin Market Scope

The corrosion resistant resin market is segmented on the basis of type, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Epoxy
• Polyester
• Polyurethane
• Vinyl Ester
• Others

Application

• Coatings
• Composites
• Others

 End User

• Oil and Gas
• Heavy Industries
• Automotive and Transportation
• Infrastructure
• Marine
• Others

Corrosion Resistant Resin Market Regional Analysis/Insights

The corrosion resistant resin market is analysed and market size insights and trends are provided by country, type, application and end user as referenced above.

The countries covered in the corrosion resistant resin market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the corrosion resistant resin market during the forecast period due to the growth in the GDP, increasing industrialization, and rising demand for improved and modern infrastructure in this region.

Asia-Pacific will continue to project the highest compound annual growth rate for this period due to the rising elderly population and growing healthcare expenditure in this region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Corrosion Resistant Resin Market Share Analysis

The corrosion resistant resin market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to corrosion resistant resin market.

Some of the major players operating in the corrosion resistant resin market are:

• Sino Polymer Co. Ltd. (China)
• Eastman Chemical Company (U.S.)
• Hexion (U.S.)
• Huntsman International LLC (U.S.)
• BASF SE(Germany)
• Aditya Birla Group Chemicals (India)
• Ashland (U.S.)
• Reichhold LLC (U.S.)
• Scott Bader Company Limited (U.K.)
• Atul Ltd (India)
• New Japan Chemical Co. Ltd. (Japan)
• Kukdo Chemicals Co. Ltd. (South Korea)
• Anhui Xinyuan Chemical Co. Ltd. (China)
• SIR Industriale (Italy)
• LANXESS (États-Unis)
• Nagase America Corporation (États-Unis)
• Huntsman Corporation LLC (États-Unis)
• Mitsubishi Chemical Holdings Corporation. (Japon)
• Groupe Milliken & Co (États-Unis)

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