Corrosion Resistant Resin Market By Type (Epoxy, Polyester, Polyurethane, and Vinyl Ester), By Application (Coating, and Composites), By End-User Industry (Marine, Automotive & transportation, Oil & gas, Infrastructure, and Heavy Industries), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis, and Forecast till 2030

Technological Progress

The primary driver of the corrosion-resistant resin market's expansion is the growing need for composite materials. The other reason driving the target market's growth is the increasing use of lightweight materials due to their affordability and low maintenance costs. Another factor driving the growth of the global corrosion-resistant resin market is the expansion of research and development (R&D) efforts to create new products and expand the applications of corrosion-resistant resin. In addition, the target market is increasing due to infrastructural improvement. Applications for corrosion-resistant resin can be found in end-user sectors like oil and gas, automotive and transportation, and heavy industries, which will propel the target market's expansion even more. Rising losses due to machinery, structural, and equipment corrosion; the need for corrosion-resistant resin has increased, particularly from chemical sector plants, fueled the expansion of the global corrosion-resistant resin market.