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Global Corrosion Resistant Resin Market to Reach USD 10.89 Billion by 2032

Global Corrosion Resistant Resin Market Size Study, by Type (Polyester Resins, Epoxy Resins, Polyurethane Resins, Vinyl Ester Resins, Phenolic Resins), by Application (Chemical Processing, Oil and Gas, Marine and Offshore, Transportation, Construction), by End-Use Industry (Automotive, Aerospace, Electronics, Medical, Defense), by Resin Form (Liquid Resins, Solid Resins, Flake Resins, Powder Resins), by Properties (High-Temperature Resistance, Chemical Resistance, Mechanical Strength, Electrical Insulation, Flame Retardancy) and Regional Forecasts 2022-2032

Product Code: CMPP-91788569
Publish Date: 13-01-2025
Page: 200

The Global Corrosion Resistant Resin (SBR) Market, valued at approximately USD 6.7 billion in 2023, is projected to expand at a compound annual growth rate (CAGR) of 10.89% during the forecast period 2024-2032. Renowned for its exceptional resilience, durability, and flexibility, SBR is a pivotal material in industries requiring high-performance polymers. Its versatility is exemplified by its extensive applications, spanning automotive manufacturing, electronics, and chemical processing, which leverage its superior mechanical strength and thermal resistance properties.
The surging demand for lightweight, durable materials in the automotive and aerospace industries is a key driver of SBR market growth. Its unique chemical resistance and flame retardant properties are instrumental in critical applications, ranging from electrical insulation to structural enhancements in transportation and construction. However, the market faces challenges such as volatility in raw material prices and environmental concerns tied to synthetic rubber production. Nonetheless, advancements in bio-based SBR and innovative recycling methods present promising avenues for overcoming these obstacles while adhering to sustainability standards.
Regionally, Asia Pacific is anticipated to dominate the SBR market owing to robust industrialization, burgeoning automotive production, and expanding infrastructure development in countries like China and India. North America and Europe also constitute significant markets, propelled by stringent environmental regulations and increasing adoption of advanced polymer technologies. Meanwhile, the Middle East and Africa are emerging as lucrative markets, driven by rising investments in construction and oil and gas sectors.
Prominent market players are prioritizing innovation and strategic partnerships to strengthen their market foothold. Research and development efforts are directed toward creating enhanced formulations of SBR, catering to the evolving demands of high-performance end-use industries. The transition towards sustainable practices, including the development of bio-based alternatives and recyclable resins, underscores the industry’s commitment to environmental stewardship.
Major market players included in this report are:
• Bridgestone Corporation
• Michelin Group
• Lanxess AG
• Trinseo S.A.
• Kumho Petrochemical
• LG Chem
• Asahi Kasei Corporation
• DuPont
• BASF SE
• Goodyear Tire & Rubber Company
• Sumitomo Chemical Co., Ltd.
• Reliance Industries Limited
• Zeon Corporation
• Synthos S.A.
• JSR Corporation
The detailed segments and sub-segments of the market are explained below:
By Type:
• Polyester Resins
• Epoxy Resins
• Polyurethane Resins
• Vinyl Ester Resins
• Phenolic Resins
By Application:
• Chemical Processing
• Oil and Gas
• Marine and Offshore
• Transportation
• Construction
By End-Use Industry:
• Automotive
• Aerospace
• Electronics
• Medical
• Defense
By Resin Form:
• Liquid Resins
• Solid Resins
• Flake Resins
• Powder Resins
By Properties:
• High-Temperature Resistance
• Chemical Resistance
• Mechanical Strength
• Electrical Insulation
• Flame Retardancy
By Region: North America:
• U.S.
• Canada
Europe:
• UK
• Germany
• France
• Spain
• Italy
• Rest of Europe
Asia Pacific:
• China
• India
• Japan
• Australia
• South Korea
• Rest of Asia Pacific
Latin America:
• Brazil
• Mexico
Middle East & Africa:
• Saudi Arabia
• South Africa
• Rest of Middle East & Africa

Years considered for the study are as follows:
• Historical year – 2022, 2023
• Base year – 2023
• Forecast period – 2024 to 2032

________________________________________
Key Takeaways:
• Comprehensive market size estimates and forecasts spanning a decade (2022–2032).
• Regional insights and segment-specific revenue projections for well-informed decision-making.
• Examination of market drivers, challenges, and emerging opportunities shaping the industry.
• Competitive profiling of major players with strategic insights and growth strategies.
• Recommendations for stakeholders to navigate market trends effectively and unlock potential growth avenues.

Table of Contents
Chapter 1. Global Corrosion Resistant Resin Market Executive Summary
1.1. Global Corrosion Resistant Resin Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
1.3.1. By Type
1.3.1.1. Polyester Resins
1.3.1.2. Epoxy Resins
1.3.1.3. Polyurethane Resins
1.3.1.4. Vinyl Ester Resins
1.3.1.5. Phenolic Resins
1.3.2. By Application
1.3.2.1. Chemical Processing
1.3.2.2. Oil and Gas
1.3.2.3. Marine and Offshore
1.3.2.4. Transportation
1.3.2.5. Construction
1.3.3. By End-Use Industry
1.3.3.1. Automotive
1.3.3.2. Aerospace
1.3.3.3. Electronics
1.3.3.4. Medical
1.3.3.5. Defense
1.3.4. By Resin Form
1.3.4.1. Liquid Resins
1.3.4.2. Solid Resins
1.3.4.3. Flake Resins
1.3.4.4. Powder Resins
1.3.5. By Properties
1.3.5.1. High-Temperature Resistance
1.3.5.2. Chemical Resistance
1.3.5.3. Mechanical Strength
1.3.5.4. Electrical Insulation
1.3.5.5. Flame Retardancy
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion
Chapter 2. Global Corrosion Resistant Resin Market Definition and Research Assumptions
2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
2.3.1. Inclusion & Exclusion
2.3.2. Limitations
2.3.3. Supply Side Analysis
2.3.3.1. Availability
2.3.3.2. Infrastructure
2.3.3.3. Regulatory Environment
2.3.3.4. Market Competition
2.3.3.5. Economic Viability (Consumer’s Perspective)
2.3.4. Demand Side Analysis
2.3.4.1. Regulatory Frameworks
2.3.4.2. Technological Advancements
2.3.4.3. Environmental Considerations
2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates
Chapter 3. Global Corrosion Resistant Resin Market Dynamics
3.1. Market Drivers
3.1.1. Surge in Global Automotive Production
3.1.2. Advancements in Tire Technologies
3.1.3. Increasing Demand for High-Performance Polymers
3.2. Market Challenges
3.2.1. Fluctuating Raw Material Costs
3.2.2. Environmental Concerns Surrounding Synthetic Rubbers
3.3. Market Opportunities
3.3.1. Innovations in Bio-Based SBR
3.3.2. Improved Recycling Technologies
3.3.3. Expansion into Emerging Economies
Chapter 4. Global Corrosion Resistant Resin Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model
4.1.7. Porter’s 5 Force Impact Analysis
4.2. PESTEL Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.2.5. Environmental
4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Global Corrosion Resistant Resin Market Size & Forecasts by Type 2022-2032
5.1. Segment Dashboard
5.2. Global Corrosion Resistant Resin Market: Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
5.2.1. Polyester Resins
5.2.2. Epoxy Resins
5.2.3. Polyurethane Resins
5.2.4. Vinyl Ester Resins
5.2.5. Phenolic Resins
Chapter 6. Global Corrosion Resistant Resin Market Size & Forecasts by Application Type 2022-2032
6.1. Segment Dashboard
6.2. Global Corrosion Resistant Resin Market: Application Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
6.2.1. Chemical Processing
6.2.2. Oil and Gas
6.2.3. Marine and Offshore
6.2.4. Transportation
6.2.5. Construction
Chapter 7. Global Corrosion Resistant Resin Market Size & Forecasts by End-Use Industry 2022-2032
7.1. Segment Dashboard
7.2. Global Corrosion Resistant Resin Market: End-Use Industry Revenue Trend Analysis, 2022 & 2032 (USD Billion)
7.2.1. Automotive
7.2.2. Aerospace
7.2.3. Electronics
7.2.4. Medical
7.2.5. Defense
Chapter 8. Global Corrosion Resistant Resin Market Size & Forecasts by Resin Form 2022-2032
8.1. Segment Dashboard
8.2. Global Corrosion Resistant Resin Market: Resin Form Revenue Trend Analysis, 2022 & 2032 (USD Billion)
8.2.1. Liquid Resins
8.2.2. Solid Resins
8.2.3. Flake Resins
8.2.4. Powder Resins
Chapter 9. Global Corrosion Resistant Resin Market Size & Forecasts by Properties 2022-2032
9.1. Segment Dashboard
9.2. Global Corrosion Resistant Resin Market: Properties Revenue Trend Analysis, 2022 & 2032 (USD Billion)
9.2.1. High-Temperature Resistance
9.2.2. Chemical Resistance
9.2.3. Mechanical Strength
9.2.4. Electrical Insulation
9.2.5. Flame Retardancy
Chapter 10. Global Corrosion Resistant Resin Market Size & Forecasts by Region 2022-2032
10.1. North America Corrosion Resistant Resin Market
10.1.1. U.S. Corrosion Resistant Resin Market
10.1.1.1. Type Breakdown Size & Forecasts, 2022-2032
10.1.1.2. Application Breakdown Size & Forecasts, 2022-2032
10.1.1.3. End-Use Industry Breakdown Size & Forecasts, 2022-2032
10.1.1.4. Resin Form Breakdown Size & Forecasts, 2022-2032
10.1.1.5. Properties Breakdown Size & Forecasts, 2022-2032
10.1.2. Canada Corrosion Resistant Resin Market
10.1.2.1. Type Breakdown Size & Forecasts, 2022-2032
10.1.2.2. Application Breakdown Size & Forecasts, 2022-2032
10.1.2.3. End-Use Industry Breakdown Size & Forecasts, 2022-2032
10.1.2.4. Resin Form Breakdown Size & Forecasts, 2022-2032
10.1.2.5. Properties Breakdown Size & Forecasts, 2022-2032
10.2. Europe Corrosion Resistant Resin Market
10.2.1. UK Corrosion Resistant Resin Market
10.2.1.1. Type Breakdown Size & Forecasts, 2022-2032
10.2.1.2. Application Breakdown Size & Forecasts, 2022-2032
10.2.1.3. End-Use Industry Breakdown Size & Forecasts, 2022-2032
10.2.1.4. Resin Form Breakdown Size & Forecasts, 2022-2032
10.2.1.5. Properties Breakdown Size & Forecasts, 2022-2032
10.2.2. Germany Corrosion Resistant Resin Market
10.2.2.1. Type Breakdown Size & Forecasts, 2022-2032
10.2.2.2. Application Breakdown Size & Forecasts, 2022-2032
10.2.2.3. End-Use Industry Breakdown Size & Forecasts, 2022-2032
10.2.2.4. Resin Form Breakdown Size & Forecasts, 2022-2032
10.2.2.5. Properties Breakdown Size & Forecasts, 2022-2032
10.2.3. France Corrosion Resistant Resin Market
10.2.3.1. Type Breakdown Size & Forecasts, 2022-2032
10.2.3.2. Application Breakdown Size & Forecasts, 2022-2032
10.2.3.3. End-Use Industry Breakdown Size & Forecasts, 2022-2032
10.2.3.4. Resin Form Breakdown Size & Forecasts, 2022-2032
10.2.3.5. Properties Breakdown Size & Forecasts, 2022-2032
10.2.4. Spain Corrosion Resistant Resin Market
10.2.4.1. Type Breakdown Size & Forecasts, 2022-2032
10.2.4.2. Application Breakdown Size & Forecasts, 2022-2032
10.2.4.3. End-Use Industry Breakdown Size & Forecasts, 2022-2032
10.2.4.4. Resin Form Breakdown Size & Forecasts, 2022-2032
10.2.4.5. Properties Breakdown Size & Forecasts, 2022-2032
10.2.5. Italy Corrosion Resistant Resin Market
10.2.5.1. Type Breakdown Size & Forecasts, 2022-2032
10.2.5.2. Application Breakdown Size & Forecasts, 2022-2032
10.2.5.3. End-Use Industry Breakdown Size & Forecasts, 2022-2032
10.2.5.4. Resin Form Breakdown Size & Forecasts, 2022-2032
10.2.5.5. Properties Breakdown Size & Forecasts, 2022-2032
10.2.6. Rest of Europe Corrosion Resistant Resin Market
10.2.6.1. Type Breakdown Size & Forecasts, 2022-2032
10.2.6.2. Application Breakdown Size & Forecasts, 2022-2032
10.2.6.3. End-Use Industry Breakdown Size & Forecasts, 2022-2032
10.2.6.4. Resin Form Breakdown Size & Forecasts, 2022-2032
10.2.6.5. Properties Breakdown Size & Forecasts, 2022-2032
10.3. Asia-Pacific Corrosion Resistant Resin Market
10.3.1. China Corrosion Resistant Resin Market
10.3.1.1. Type Breakdown Size & Forecasts, 2022-2032
10.3.1.2. Application Breakdown Size & Forecasts, 2022-2032
10.3.1.3. End-Use Industry Breakdown Size & Forecasts, 2022-2032
10.3.1.4. Resin Form Breakdown Size & Forecasts, 2022-2032
10.3.1.5. Properties Breakdown Size & Forecasts, 2022-2032
10.3.2. India Corrosion Resistant Resin Market
10.3.2.1. Type Breakdown Size & Forecasts, 2022-2032
10.3.2.2. Application Breakdown Size & Forecasts, 2022-2032
10.3.2.3. End-Use Industry Breakdown Size & Forecasts, 2022-2032
10.3.2.4. Resin Form Breakdown Size & Forecasts, 2022-2032
10.3.2.5. Properties Breakdown Size & Forecasts, 2022-2032
10.3.3. Japan Corrosion Resistant Resin Market
10.3.3.1. Type Breakdown Size & Forecasts, 2022-2032
10.3.3.2. Application Breakdown Size & Forecasts, 2022-2032
10.3.3.3. End-Use Industry Breakdown Size & Forecasts, 2022-2032
10.3.3.4. Resin Form Breakdown Size & Forecasts, 2022-2032
10.3.3.5. Properties Breakdown Size & Forecasts, 2022-2032
10.3.4. Australia Corrosion Resistant Resin Market
10.3.4.1. Type Breakdown Size & Forecasts, 2022-2032
10.3.4.2. Application Breakdown Size & Forecasts, 2022-2032
10.3.4.3. End-Use Industry Breakdown Size & Forecasts, 2022-2032
10.3.4.4. Resin Form Breakdown Size & Forecasts, 2022-2032
10.3.4.5. Properties Breakdown Size & Forecasts, 2022-2032
10.3.5. South Korea Corrosion Resistant Resin Market
10.3.5.1. Type Breakdown Size & Forecasts, 2022-2032
10.3.5.2. Application Breakdown Size & Forecasts, 2022-2032
10.3.5.3. End-Use Industry Breakdown Size & Forecasts, 2022-2032
10.3.5.4. Resin Form Breakdown Size & Forecasts, 2022-2032
10.3.5.5. Properties Breakdown Size & Forecasts, 2022-2032
10.3.6. Rest of Asia Pacific Corrosion Resistant Resin Market
10.3.6.1. Type Breakdown Size & Forecasts, 2022-2032
10.3.6.2. Application Breakdown Size & Forecasts, 2022-2032
10.3.6.3. End-Use Industry Breakdown Size & Forecasts, 2022-2032
10.3.6.4. Resin Form Breakdown Size & Forecasts, 2022-2032
10.3.6.5. Properties Breakdown Size & Forecasts, 2022-2032
10.4. Latin America Corrosion Resistant Resin Market
10.4.1. Brazil Corrosion Resistant Resin Market
10.4.1.1. Type Breakdown Size & Forecasts, 2022-2032
10.4.1.2. Application Breakdown Size & Forecasts, 2022-2032
10.4.1.3. End-Use Industry Breakdown Size & Forecasts, 2022-2032
10.4.1.4. Resin Form Breakdown Size & Forecasts, 2022-2032
10.4.1.5. Properties Breakdown Size & Forecasts, 2022-2032
10.4.2. Mexico Corrosion Resistant Resin Market
10.4.2.1. Type Breakdown Size & Forecasts, 2022-2032
10.4.2.2. Application Breakdown Size & Forecasts, 2022-2032
10.4.2.3. End-Use Industry Breakdown Size & Forecasts, 2022-2032
10.4.2.4. Resin Form Breakdown Size & Forecasts, 2022-2032
10.4.2.5. Properties Breakdown Size & Forecasts, 2022-2032
10.4.3. Rest of Latin America Corrosion Resistant Resin Market
10.4.3.1. Type Breakdown Size & Forecasts, 2022-2032
10.4.3.2. Application Breakdown Size & Forecasts, 2022-2032
10.4.3.3. End-Use Industry Breakdown Size & Forecasts, 2022-2032
10.4.3.4. Resin Form Breakdown Size & Forecasts, 2022-2032
10.4.3.5. Properties Breakdown Size & Forecasts, 2022-2032
10.5. Middle East & Africa Corrosion Resistant Resin Market
10.5.1. Saudi Arabia Corrosion Resistant Resin Market
10.5.1.1. Type Breakdown Size & Forecasts, 2022-2032
10.5.1.2. Application Breakdown Size & Forecasts, 2022-2032
10.5.1.3. End-Use Industry Breakdown Size & Forecasts, 2022-2032
10.5.1.4. Resin Form Breakdown Size & Forecasts, 2022-2032
10.5.1.5. Properties Breakdown Size & Forecasts, 2022-2032
10.5.2. South Africa Corrosion Resistant Resin Market
10.5.2.1. Type Breakdown Size & Forecasts, 2022-2032
10.5.2.2. Application Breakdown Size & Forecasts, 2022-2032
10.5.2.3. End-Use Industry Breakdown Size & Forecasts, 2022-2032
10.5.2.4. Resin Form Breakdown Size & Forecasts, 2022-2032
10.5.2.5. Properties Breakdown Size & Forecasts, 2022-2032
10.5.3. Rest of Middle East & Africa Corrosion Resistant Resin Market
10.5.3.1. Type Breakdown Size & Forecasts, 2022-2032
10.5.3.2. Application Breakdown Size & Forecasts, 2022-2032
10.5.3.3. End-Use Industry Breakdown Size & Forecasts, 2022-2032
10.5.3.4. Resin Form Breakdown Size & Forecasts, 2022-2032
10.5.3.5. Properties Breakdown Size & Forecasts, 2022-2032
Chapter 11. Competitive Intelligence
11.1. Key Company SWOT Analysis
11.1.1. Bridgestone Corporation
11.1.2. Michelin Group
11.1.3. Lanxess AG
11.2. Top Market Strategies
11.3. Company Profiles
11.3.1. Bridgestone Corporation
11.3.1.1. Key Information
11.3.1.2. Overview
11.3.1.3. Financial (Subject to Data Availability)
11.3.1.4. Product Summary
11.3.1.5. Market Strategies
11.3.2. Michelin Group
11.3.3. Lanxess AG
11.3.4. Trinseo S.A.
11.3.5. Kumho Petrochemical
11.3.6. LG Chem
11.3.7. Asahi Kasei Corporation
11.3.8. DuPont
11.3.9. BASF SE
11.3.10. Goodyear Tire & Rubber Company
Chapter 12. Research Process
12.1. Research Process
12.1.1. Data Mining
12.1.2. Analysis
12.1.3. Market Estimation
12.1.4. Validation
12.1.5. Publishing
12.2. Research Attributes

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To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
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To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
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Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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