DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Corrosion Resistant Resin Market - Global Trends & Forecasts to 2026" report to their offering.
The corrosion resistant resin (CRR) market is projected to grow at a CAGR of 5.7% during the long-term forecast period to reach USD 12.56 billion by 2026.
The growth of this market can be attributed to increasing losses due to corrosion in structures, equipment, and machineries. Another factor driving the growth of the CRR market is the growth of end-use industries, such as infrastructure, oil & gas, marine, automotive & transportation. However, factors such as fluctuating raw material cost is restraining the growth of the CRR market. Most of the raw materials used in the production of CRR are petroleum products. The prices of these raw materials have been highly volatile in recent times, touching a five-year low, affected the growth of the market.
China is the biggest market in the world for CRR owing to its well-established industrial base. Saturation in North American and European markets is expected to affect the demand for corrosion resistant resins in the region during the forecast period.
- Aditya Birla Chemicals
- Alpha Owens-Corning (Aoc) Llc
- Ashland Inc.
- Hexion Inc.
- Huntsman Corporation
- Oiln Corporation
- Polynt Spa
- Reichhold Llc
- Scott Bader Company Limited
Sino Polymer Co. Ltd.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Corrosion Resistant Resin Market, by Application
8 Corrosion Resistant Resin Market, by Type
9 Corrosion Resistant Resin Market, by End-Use Industry
10 CRR Market, by Region
11 Competitive Landscape
12 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/b8bvcd/corrosion