Corrosion Resistant Resin Market 2023: Key Trends, Challenges and Standardization, Research

  

The corrosion-resistant resin market refers to the use of synthetic polymers that are resistant to corrosion caused by chemicals, moisture, and other factors. These resins are commonly used in a variety of industries, including automotive, marine, aerospace, and construction.

Market Size and Growth

The global corrosion-resistant resin market is projected to reach USD 12.56 billion by 2022, growing at a CAGR of 4.6% from 2017 to 2022. The growth in this market is attributed to the increasing demand for corrosion-resistant resins in various end-use industries.

Types of Corrosion Resistant Resins

  1. Epoxy Resins - Epoxy resins are widely used in industrial and marine applications due to their excellent chemical and corrosion resistance properties.

  2. Vinyl Ester Resins - Vinyl ester resins are used in various applications such as tanks, pipes, and marine structures, due to their excellent resistance to harsh chemicals and high-temperature environments.

  3. Polyester Resins - Polyester resins are commonly used in the construction industry due to their excellent strength and durability, as well as resistance to UV light and weathering.

  4. Phenolic Resins - Phenolic resins are used in a variety of applications, including automotive and aerospace industries, due to their excellent resistance to heat, chemicals, and fire.

Applications

  1. Automotive Industry - Corrosion-resistant resins are used in the automotive industry for the production of body panels, engine components, and other parts that are exposed to harsh environments.

  2. Marine Industry - The marine industry uses corrosion-resistant resins in the production of boats, ships, and other marine structures that are exposed to saltwater and other harsh environments.

  3. Aerospace Industry - Corrosion-resistant resins are used in the aerospace industry for the production of aircraft components, such as fuel tanks and engine parts.

  4. Construction Industry - Corrosion-resistant resins are used in the construction industry for the production of pipes, tanks, and other structures that are exposed to harsh chemicals and environmental conditions.

Key Players

Some of the key players in the corrosion-resistant resin market include Ashland Inc., Huntsman Corporation, Hexion Inc., Olin Corporation, Reichhold LLC, Scott Bader Company Ltd., and Sika AG.

Conclusion

The corrosion-resistant resin market is growing due to the increasing demand for these materials in various end-use industries. Epoxy, vinyl ester, polyester, and phenolic resins are the most commonly used types of corrosion-resistant resins. The automotive, marine, aerospace, and construction industries are the major end-users of these resins.

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