Global Corrosion Resistant Resin Market Size Study, by Type, by Application, by End-Use Industry, by Resin Form, by Properties and Regional Forecasts 2022-2032

Description

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.

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