Global Corrosion Resistant Resin Market – Industry Trends and Forecast to 2029

Análise e dimensão do mercado de resina resistente à corrosão

As resinas resistentes à corrosão estão a ganhar força em diversas indústrias devido às suas diferentes propriedades, como a resistência à humidade, solventes, produtos químicos e altas temperaturas. Estas resinas têm uma vasta aplicação no fabrico de aço pintado, recipientes de vidro e aço inoxidável. A “ resina epóxi ” é o tipo de segmento que mais cresce devido às suas excelentes propriedades de resistência à corrosão, custo razoável e simples aplicação. Além disso, a crescente procura de materiais compósitos é um dos principais fatores que está a impulsionar o crescimento do mercado de resinas resistentes à corrosão durante o período de previsão de 2022-2029.

A Data Bridge Market Research analisa que o mercado das resinas resistentes à corrosão deverá sofrer um CAGR de 6,80% durante o período de previsão. Isto indica que o valor de mercado, que era de 9,22 mil milhões de dólares em 2021, subiria para 15,61 mil milhões de dólares em 2029. Para além dos insights sobre cenários de mercado, como o valor de mercado, a taxa de crescimento, segmentação, cobertura geográfica e principais intervenientes, os relatórios de mercado com curadoria da Data Bridge Market Research incluem também análises especializadas aprofundadas, produção e capacidade da empresa representada geograficamente, layouts de rede de distribuidores e parceiros, análise detalhada e atualizada das tendências de preços e análise do défice da cadeia de abastecimento e da procura.

Âmbito do relatório e segmentação de mercado

Definição de mercado

A resina é uma “substância sólida ou altamente viscosa” que é normalmente convertida em polímeros. As resinas são derivadas de plantas. As resinas também existem na combinação de compostos orgânicos. Estas resinas resistentes à corrosão são utilizadas a longo prazo para resistir à superfície contra ataques químicos essenciais ou que operam a temperaturas elevadas. As resinas resistentes à corrosão são formuladas principalmente como resinas tereftálicas, isoftálicas e de éster vinílico. Têm aplicação em diversos setores, como o automóvel, petróleo e gás e marítimo.

Dinâmica global do mercado de resina resistente à corrosão

Motoristas

• Aumento da modernização das infraestruturas

A crescente modernização da infraestrutura das empresas impulsiona a procura pela resina resistente à corrosão e ajuda a aumentar significativamente a procura deste produto no mercado. A resina resistente à corrosão tem uma elevada procura em relação ao alumínio, aço e outros metais devido às suas propriedades únicas, como a fácil manutenção e a longevidade inerente, que deverão impulsionar o crescimento do mercado da resina resistente à corrosão a nível global.

• Crescente procura por revestimento epóxi

Os revestimentos epóxi são amplamente utilizados em instalações de fabrico, tais como lavadores industriais, controlo de resíduos, tanques de produtos químicos destrutivos, tanques de armazenamento subterrâneo e tubos de transferência de pressão. O revestimento epóxi é geralmente utilizado para evitar a corrosão dos navios na indústria naval .  Os métodos tradicionais de aplicação de tintas protetoras estão a ser gradualmente substituídos por estas resinas à base de epóxi em diversas indústrias de utilizadores finais, como a de petróleo e gás, veículos e outras. Isto pode dever-se às diferentes propriedades deste compósito, tais como a resistência à corrosão, a ligação rápida e a facilidade de operação a temperaturas elevadas.

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 (U.S.)
• Nagase America Corporation (U.S.)
• Huntsman Corporation L.L.C (U.S.)
• Mitsubishi Chemical Holdings Corporation. (Japan)
• Milliken & Co group (U.S.)

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