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Pulished Date February, 2020
ID: 8633
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Corrosion Resistant Resin Market by Type (Epoxy, Polyester), Application (Coatings, Composites), End-Use Industry (Oil & gas, Heavy industries, Automotive & transportation), by Region - Global Industry Analysis, Size, Share, Growth, Investment, and Forecasts (2018–2023)

Pulished: February, 2020
ID: 8633
Pages: 170

Tags: Tag2, Tag_3

Corrosion Resistant Resin Market Value and Growth:

The size of the Global Market was around USD 7.46 Billion by revenue, at the end of 2018. It is expected to grow at a CAGR of 5.72 % to reach close to USD 9.85 Billion in the forecast, as mentioned earlier period.The Corrosion Resistant Resin Market has a decent growth pace in the global market, which is driven by the demand for epoxy resin which is expected to help the growth of the global market in the forecast period. The Corrosion Resistant Resin Market is expected to reach a total of USD 9.85 Billion with a 5.72 % CAGR.

Recent Development:

Wessex, a major resin & adhesives-based company, has announced to launch their new online store for ordering some unique range of bio-based epoxy, in Europe. This is expected to bring some dynamic shift to the corrosion-resistant resin market in this region.

Corrosion Resistant Resin Market Drivers and Restraints:

The global market is mainly driven by the demand for epoxy resin, which is expected to help the growth of the global market in the forecast period. Also, the rising demand in the oil & gas industry and the use of Corrosion Resistant Resin in it helps in the growth of the Corrosion Resistant Resin market.However, the costs associated may restrain the market in the forecast period. Also, the market concentration in regions like the Asia Pacific restrains the market expansion into regions like the Middle East and Africa.

Corrosion Resistant Resin Market Segmentation Analysis:

By Type

Based on the type of resin, the global market is segmented into Epoxy and Polyester. Among the mentioned types of resin, the epoxy segment is the largest and is expected to have the fastest growth rate in the proposed forecast period. The growth is mainly attributed to the demand form the coating and composites application which use epoxy resins.

By Application

Based on the application of the resin, the global market is categorized into Coatings, Composites. Of the mentioned applications, the coatings segment is expected to lead the global market and have the fastest growth rate. This growth is mainly attributed to the increase in lightweight materials from the automobile industry.

By End-Use Industry

Based on the end-use industry, the global market is divided into Oil & Gas, Heavy industries, Automotive & transportation. Of the mentioned industries, the oil and gas segment is the largest and is anticipated to have the fastest growth in the projected forecast period. The increase is mainly attributed to the use of epoxy resins in this segment, which is the leading segment of resins in the global market.

Corrosion Resistant Resin Market Geographical Analysis:

By geography, the market is segmented as Europe, Asia Pacific, Latin America, North America, and Middle-East & Africa. The Asia Pacific region holds the largest share of the Global Market in the year of 2018, in terms of value and volume. The regional advantages in this region, like the ease of company setup, cheap resources, and a large number of the skilled population are the major reasons for the fast-emerging industries in this region, hence the region’s position in the global market. Also, the fast-developing economies like India, Japan, and China are the main reason for the developing regional market. These reasons make this region the fastest growing regional market in the proposed forecast period.North America is next in the lead of the Global Corrosion Resistant Resin Market by both value and bulk, as of 2018. The situation of most of the key players in the global market in North America is the main reason for its market position. This region has the third-fastest growth rate on a worldwide scale.Europe is next in the lead of the global market in the year 2018. The presence of a considerable customer base in and around this region is helping in the growth of the Corrosion Resistant Resin Market in this region. This region is the third fastest-growing region in the global market in the projected forecast period.On the other hand, the Middle East & Africa and Latin America regions, being in the slow-developing countries, have fewer opportunities for market growth. Hence, the market growth is at a slow pace in these regions.

Corrosion Resistant Resin Market Key Market Players:

By the end of 2018 Ashland Inc. (U.S.), BASF SE (Germany), Scott Bader Company Limited (U.K.), Reichhold LLC (U.S.), Huntsman Corporation (U.S.), GE Plastics Hexion Inc. (U.S.), and Eastman Chemical Company (U.S.) are the leading shareholders of the global market for Corrosion Resistant Resin Market. There is a constant competition between these companies regarding the pricing and quality of the product.

Corrosion Resistant Resin Market Research Report Key Highlights:

  1. The evaluation of the current product and services market and the future implications of the market.
  2. Address the matter by better understanding the market through size estimates and CAGR analysis to forecast the future market.
  3. More comprehensive segmentation to better understand the dynamics of the market at a minimal level by dividing the market to smaller segments.
  4. Address the key market challenges, drivers, and restraints to provide insights for gaining market share.
  5. Porter’s Five Forces are used to analyze the factors responsible for the shaping of the industry as it is as a result of the competitive environment.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                          

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                               

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market                              

5. Market Segmentation                                              

                5.1 Type                              

                                5.1.1 Introduction           

                                5.1.2 Epoxy        

                                5.1.3 Polyester 

                                5.1.4  Y-o-Y Growth Analysis, By Product              

                                5.1.5  Market Attractiveness Analysis, By Product            

                                5.1.6  Market Share Analysis, By Product              

                5.2 Application                 

                                5.2.1 Introduction           

                                5.2.2 Coatings   

                                5.2.3 Composites            

                                5.2.4 Y-o-Y Growth Analysis, By Type     

                                5.2.5 Market Attractiveness Analysis, By Type   

                                5.2.6 Market Share Analysis, By Type     

                5.3 End-Use Industry                     

                                5.3.1 Introduction           

                                5.3.2 Oil & gas   

                                5.3.3 Heavy industries   

                                5.3.4 Automotive & transportation         

                                5.3.5 Y-o-Y Growth Analysis, By Application         

                                5.3.6  Market Attractiveness Analysis, By Application      

                                5.3.7  Market Share Analysis, By Application       

6. Geographical Analysis                                              

                6.1 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Type

                                                6.1.3.3 By Application

                                                6.1.3.4 By End-Use Industry

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Type

                                                6.1.4.3 By Application

                                                6.1.4.4 By End-Use Industry

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Type

                                                6.1.5.3 By Application

                                                6.1.5.4 By End-Use Industry

                6.2 North America                          

                                6.1.1 Introduction           

                                6.1.2 United States         

                                6.1.3 Canada     

                6.3 Europe                         

                                6.2.1 Introduction           

                                6.2.2 U.K             

                                6.2.3 Spain         

                                6.2.4 Germany 

                                6.2.5 Italy            

                                6.2.6 France       

                6.4 Asia-Pacific                 

                                6.3.1 Introduction           

                                6.3.2 China         

                                6.3.3 India          

                                6.3.4 Japan         

                                6.3.5 Australia   

                                6.3.6 South Korea           

                6.5 Latin America                             

                                6.4.1 Introduction           

                                6.4.2 Brazil          

                                6.4.3 Argentina

                                6.4.4 Mexico     

                                6.4.5 Rest of Latin America          

                6.6 Middle East & Africa               

                                6.5.1 Introduction           

                                6.5.2 Middle-East            

                                6.5.3 Africa         

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services              

                                7.2.5 Competitive Rivalry within the Industry     

8. Market Leaders' Analysis                                        

                8.1 Ashland Inc.               

                                8.1.1 Overview 

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 BASF SE                        

                8.3 Scott Bader Company Limited                            

                8.4 Reichhold LLC                            

                8.5 Huntsman Corporation                          

                8.6 GE Plastics Hexion Inc.                           

                8.7 Eastman Chemical Company                               

9. Competitive Landscape                                           

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, collaborations and Joint Ventures                         

                9.4 New Product Launches                         

10. Market Outlook and Investment Opportunities                                         

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  • Global,Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of by type,by application,by end user,along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Corrosion Resistant Resin Market By Region, From 2018-2023 ( USD Billion )
  2. Global Corrosion Resistant Resin Market By Type, From 2018-2023 ( USD Billion )
  3. Global Epoxy Market By Region, From 2018-2023 ( USD Billion )
  4. Global Polyester Market By Region, From 2018-2023 ( USD Billion )
  5. Global Corrosion Resistant Resin Market By Application, From 2018-2023 ( USD Billion )
  6. Global Coatings Market By Region, From 2018-2023 ( USD Billion )
  7. Global Composites Market By Region, From 2018-2023 ( USD Billion )
  8. Global Corrosion Resistant Resin Market By End-Use Industry, From 2018-2023 ( USD Billion )
  9. Global Oil & Gas Market By Region, From 2018-2023 ( USD Billion )
  10. Global Heavy Industries Market By Region, From 2018-2023 ( USD Billion )
  11. Global Automotive & Transportation Market By Region, From 2018-2023 ( USD Billion )

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