Market Size of Corrosion-resistant Resin Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Corrosion-resistant Resin Market Analysis
The market for the corrosion-resistant resin is expected to witness a CAGR of around 5% during the forecast period. The major factor driving the market studied is the broad application of corrosion-resistant resin across end-user industries and increasing demand from the infrastructure sector.
Based on the end-user industry, the oil & gas industry is expected to hold a major share during the forecast period. Corrosion-resistant resins are widely used in the oil & gas industry as coatings and composites.
The trend of the development of the infrastructure of companies also boosts the demand for corrosion-resistant resin products and help to grow the market significantly.
However, stringent government regulations regarding the usage of corrosion-resistant resin may hamper the growth of the market. Moreover, the unfavorable conditions arising due to the COVID-19 outbreak is also expected to hinder the market growth.
