PUBLISHER: KBV Research | PRODUCT CODE: 1605470
PUBLISHER: KBV Research | PRODUCT CODE: 1605470
North America Corrosion Resistant Resin Market Size, Share & Trends Analysis Report By Application, By Type, By End, By Country and Growth Forecast, 2024 - 2031
The North America Corrosion Resistant Resin Market would witness market growth of 4.8% CAGR during the forecast period (2024-2031). In the year 2020, the North America market's volume surged to 375.32 kilo tonnes, showcasing a growth of 22.7% (2020-2023).
Epoxy resins are vital in the corrosion-resistant resin market, renowned for their strong adhesion, chemical resistance, and mechanical properties. Used extensively in protective coatings, these resins safeguard structures and equipment in demanding environments like marine, oil and gas, and chemical processing industries. Epoxy resins can withstand extreme temperatures and aggressive substances, enhancing their durability and reliability. The increasing need for long-lasting, corrosion-resistant solutions drives the growth of epoxy resins, as industries prioritize asset protection and maintenance cost reduction. Therefore, by the year 2031, 34.66 kilo tonnes of are expected to be utilized in Canada.
The US market dominated the North America Corrosion Resistant Resin Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $2,315.2 million by 2031. The Canada market is experiencing a CAGR of 6.8% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 6.2% during (2024 - 2031).
The market has seen considerable growth in recent years, driven by its wide array of applications across industries such as construction, automotive, aerospace, marine, chemical processing, and many others. As the demand for durable, long-lasting, and high-performance materials continues to rise, corrosion-resistant resins have emerged as key components in manufacturing products designed to withstand harsh environmental conditions. These resins are engineered to offer exceptional resistance against corrosion, making them indispensable in various sectors that require robust materials for safety, performance, and longevity.
Corrosion-resistant resins are specially formulated polymers that offer superior protection against the degradation caused by chemical reactions, moisture, or environmental factors such as temperature fluctuations. In addition, corrosion-resistant resins are commonly used in the construction and infrastructure sector to extend the lifespan of materials exposed to water, salt, and other environmental stressors. They are used in coatings for steel reinforcements, bridges, pipes, and concrete structures. The growth in infrastructure development, especially in coastal areas or regions with high humidity, drives the demand for these resins. Resins such as epoxy and polyester are frequently used to prevent rust and other forms of corrosion in steel and concrete, ensuring the safety and stability of critical structures.
Canada's marine industry is a key driver of the corrosion resistant resin market. In 2022, the Canadian marine sector contributed significantly to the nation's economy, generating $1.95 billion in gross domestic product, a 6.3% increase from the previous year. With ports and marine shipping handling over $151 billion of exports and $194 billion of imports, Canada's marine industry is critical to global trade. Handling over 339 million tons of cargo further underscores the scale of operations. Marine transportation requires robust materials that withstand harsh conditions such as saltwater, chemical corrosion, and wear from constant exposure to the elements.
Corrosion-resistant resins are extensively used in the construction of ships, cargo containers, and marine equipment to prevent degradation and maintain functionality over time. As the marine industry continues to grow, there is an increasing need for materials that offer long-lasting protection against corrosion, fueling the demand for corrosion-resistant resins in this sector. Hence, the growing automotive industry in Mexico and the expanding marine sector in Canada drive the demand for corrosion-resistant resins.
Based on Application, the market is segmented into Coating and Composites & Other Applications. Based on Type, the market is segmented into Epoxy, Polyurethanes, Polyester, Vinyl Ester, and Other Types. Based on End Use, the market is segmented into Oil & Gas, Chemical, Marine, Automobiles, and Other End Uses. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- BASF SE
- Huntsman Corporation
- The Dow Chemical Company
- Solvay SA
- Hexion Inc. (Hexion Intermediate Holding 2, Inc.)
- Sino Polymer Co., Ltd.
- Swancor Holding Co., Ltd.
- Arkema S.A.
- Olin Corporation
- Ashland Inc.
North America Corrosion Resistant Resin Market Report Segmentation
By Application (Volume, Kilo Tonnes, USD Billion, 2020-2031)
- Coating
- Composites & Other Applications
By Type (Volume, Kilo Tonnes, USD Billion, 2020-2031)
- Epoxy
- Polyurethanes
- Polyester
- Vinyl Ester
- Other Types
By End User (Volume, Kilo Tonnes, USD Billion, 2020-2031)
- Epoxy
- Polyurethanes
- Polyester
- Vinyl Ester
- Other Types
By Country (Volume, Kilo Tonnes, USD Billion, 2020-2031)
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Corrosion Resistant Resin Market, by Application
- 1.4.2 North America Corrosion Resistant Resin Market, by Type
- 1.4.3 North America Corrosion Resistant Resin Market, by End User
- 1.4.4 North America Corrosion Resistant Resin Market, by Country
- 1.5 Methodology for the research
Chapter 2. Market at a Glance
- 2.1 Key Highlights
Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.1.1 Overview
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- 3.3 Porter Five Forces Analysis
Chapter 4. North America Corrosion Resistant Resin Market by Application
- 4.1 North America Coating Market by Region
- 4.2 North America Composites & Other Applications Market by Region
Chapter 5. North America Corrosion Resistant Resin Market by Type
- 5.1 North America Epoxy Market by Country
- 5.2 North America Polyurethanes Market by Country
- 5.3 North America Polyester Market by Country
- 5.4 North America Vinyl Ester Market by Country
- 5.5 North America Other Types Market by Country
Chapter 6. North America Corrosion Resistant Resin Market by End Use
- 6.1 North America Oil & Gas Market by Country
- 6.2 North America Chemical Market by Country
- 6.3 North America Marine Market by Country
- 6.4 North America Automobiles Market by Country
- 6.5 North America Other End Uses Market by Country
Chapter 7. North America Corrosion Resistant Resin Market by Country
- 7.1 US Corrosion Resistant Resin Market
- 7.1.1 US Corrosion Resistant Resin Market by Application
- 7.1.2 US Corrosion Resistant Resin Market by Type
- 7.1.3 US Corrosion Resistant Resin Market by End Use
- 7.2 Canada Corrosion Resistant Resin Market
- 7.2.1 Canada Corrosion Resistant Resin Market by Application
- 7.2.2 Canada Corrosion Resistant Resin Market by Type
- 7.2.3 Canada Corrosion Resistant Resin Market by End Use
- 7.3 Mexico Corrosion Resistant Resin Market
- 7.3.1 Mexico Corrosion Resistant Resin Market by Application
- 7.3.2 Mexico Corrosion Resistant Resin Market by Type
- 7.3.3 Mexico Corrosion Resistant Resin Market by End Use
- 7.4 Rest of North America Corrosion Resistant Resin Market
- 7.4.1 Rest of North America Corrosion Resistant Resin Market by Application
- 7.4.2 Rest of North America Corrosion Resistant Resin Market by Type
- 7.4.3 Rest of North America Corrosion Resistant Resin Market by End Use
Chapter 8. Company Profiles
- 8.1 BASF SE
- 8.1.1 Company Overview
- 8.1.2 Financial Analysis
- 8.1.3 Segmental and Regional Analysis
- 8.1.4 Research & Development Expense
- 8.1.5 SWOT Analysis
- 8.2 Huntsman Corporation
- 8.2.1 Company Overview
- 8.2.2 Financial Analysis
- 8.2.3 Segment and Regional Analysis
- 8.2.4 Research & Development Expense
- 8.2.5 SWOT Analysis
- 8.3 The Dow Chemical Company
- 8.3.1 Company Overview
- 8.3.2 Financial Analysis
- 8.3.3 Segmental and Regional Analysis
- 8.3.4 Research & Development Expenses
- 8.3.5 SWOT Analysis
- 8.4 Solvay SA
- 8.4.1 Company Overview
- 8.4.2 Financial Analysis
- 8.4.3 Segmental Analysis
- 8.4.4 Research & Development Expenses
- 8.4.5 SWOT Analysis
- 8.5 Hexion Inc. (Hexion Intermediate Holding 2, Inc.)
- 8.5.1 Company Overview
- 8.5.2 SWOT Analysis
- 8.6 Sino Polymer Co., Ltd.
- 8.6.1 Company Overview
- 8.6.2 SWOT Analysis
- 8.7 Swancor Holding Co., Ltd.
- 8.7.1 Company Overview
- 8.7.2 Financial Analysis
- 8.7.3 Regional Analysis
- 8.7.4 Research & Development Expenses
- 8.7.5 SWOT Analysis
- 8.8 Arkema S.A.
- 8.8.1 Company Overview
- 8.8.2 Financial Analysis
- 8.8.3 Segmental and Regional Analysis
- 8.8.4 Research & Development Expenses
- 8.8.5 SWOT Analysis
- 8.9 Olin Corporation
- 8.9.1 Company Overview
- 8.9.2 Financial Analysis
- 8.9.3 Segmental and Regional Analysis
- 8.9.4 SWOT Analysis
- 8.10. Ashland Inc.
- 8.10.1 Company Overview
- 8.10.2 Financial Analysis
- 8.10.3 Segmental and Regional Analysis
- 8.10.4 Research & Development Expenses
- 8.10.5 SWOT Analysis
LIST OF TABLES
- TABLE 1 North America Corrosion Resistant Resin Market, 2020 - 2023, USD Million
- TABLE 2 North America Corrosion Resistant Resin Market, 2024 - 2031, USD Million
- TABLE 3 North America Corrosion Resistant Resin Market, 2020 - 2023, Kilo Tonnes
- TABLE 4 North America Corrosion Resistant Resin Market, 2024 - 2031, Kilo Tonnes
- TABLE 5 North America Corrosion Resistant Resin Market by Application, 2020 - 2023, USD Million
- TABLE 6 North America Corrosion Resistant Resin Market by Application, 2024 - 2031, USD Million
- TABLE 7 North America Corrosion Resistant Resin Market by Application, 2020 - 2023, Kilo Tonnes
- TABLE 8 North America Corrosion Resistant Resin Market by Application, 2024 - 2031, Kilo Tonnes
- TABLE 9 North America Coating Market by Region, 2020 - 2023, USD Million
- TABLE 10 North America Coating Market by Region, 2024 - 2031, USD Million
- TABLE 11 North America Coating Market by Region, 2020 - 2023, Kilo Tonnes
- TABLE 12 North America Coating Market by Region, 2024 - 2031, Kilo Tonnes
- TABLE 13 North America Composites & Other Applications Market by Region, 2020 - 2023, USD Million
- TABLE 14 North America Composites & Other Applications Market by Region, 2024 - 2031, USD Million
- TABLE 15 North America Composites & Other Applications Market by Region, 2020 - 2023, Kilo Tonnes
- TABLE 16 North America Composites & Other Applications Market by Region, 2024 - 2031, Kilo Tonnes
- TABLE 17 North America Corrosion Resistant Resin Market by Type, 2020 - 2023, USD Million
- TABLE 18 North America Corrosion Resistant Resin Market by Type, 2024 - 2031, USD Million
- TABLE 19 North America Corrosion Resistant Resin Market by Type, 2020 - 2023, Kilo Tonnes
- TABLE 20 North America Corrosion Resistant Resin Market by Type, 2024 - 2031, Kilo Tonnes
- TABLE 21 North America Epoxy Market by Country, 2020 - 2023, USD Million
- TABLE 22 North America Epoxy Market by Country, 2024 - 2031, USD Million
- TABLE 23 North America Epoxy Market by Country, 2020 - 2023, Kilo Tonnes
- TABLE 24 North America Epoxy Market by Country, 2024 - 2031, Kilo Tonnes
- TABLE 25 North America Polyurethanes Market by Country, 2020 - 2023, USD Million
- TABLE 26 North America Polyurethanes Market by Country, 2024 - 2031, USD Million
- TABLE 27 North America Polyurethanes Market by Country, 2020 - 2023, Kilo Tonnes
- TABLE 28 North America Polyurethanes Market by Country, 2024 - 2031, Kilo Tonnes
- TABLE 29 North America Polyester Market by Country, 2020 - 2023, USD Million
- TABLE 30 North America Polyester Market by Country, 2024 - 2031, USD Million
- TABLE 31 North America Polyester Market by Country, 2020 - 2023, Kilo Tonnes
- TABLE 32 North America Polyester Market by Country, 2024 - 2031, Kilo Tonnes
- TABLE 33 North America Vinyl Ester Market by Country, 2020 - 2023, USD Million
- TABLE 34 North America Vinyl Ester Market by Country, 2024 - 2031, USD Million
- TABLE 35 North America Vinyl Ester Market by Country, 2020 - 2023, Kilo Tonnes
- TABLE 36 North America Vinyl Ester Market by Country, 2024 - 2031, Kilo Tonnes
- TABLE 37 North America Other Types Market by Country, 2020 - 2023, USD Million
- TABLE 38 North America Other Types Market by Country, 2024 - 2031, USD Million
- TABLE 39 North America Other Types Market by Country, 2020 - 2023, Kilo Tonnes
- TABLE 40 North America Other Types Market by Country, 2024 - 2031, Kilo Tonnes
- TABLE 41 North America Corrosion Resistant Resin Market by End Use, 2020 - 2023, USD Million
- TABLE 42 North America Corrosion Resistant Resin Market by End Use, 2024 - 2031, USD Million
- TABLE 43 North America Corrosion Resistant Resin Market by End Use, 2020 - 2023, Kilo Tonnes
- TABLE 44 North America Corrosion Resistant Resin Market by End Use, 2024 - 2031, Kilo Tonnes
- TABLE 45 North America Oil & Gas Market by Country, 2020 - 2023, USD Million
- TABLE 46 North America Oil & Gas Market by Country, 2024 - 2031, USD Million
- TABLE 47 North America Oil & Gas Market by Country, 2020 - 2023, Kilo Tonnes
- TABLE 48 North America Oil & Gas Market by Country, 2024 - 2031, Kilo Tonnes
- TABLE 49 North America Chemical Market by Country, 2020 - 2023, USD Million
- TABLE 50 North America Chemical Market by Country, 2024 - 2031, USD Million
- TABLE 51 North America Chemical Market by Country, 2020 - 2023, Kilo Tonnes
- TABLE 52 North America Chemical Market by Country, 2024 - 2031, Kilo Tonnes
- TABLE 53 North America Marine Market by Country, 2020 - 2023, USD Million
- TABLE 54 North America Marine Market by Country, 2024 - 2031, USD Million
- TABLE 55 North America Marine Market by Country, 2020 - 2023, Kilo Tonnes
- TABLE 56 North America Marine Market by Country, 2024 - 2031, Kilo Tonnes
- TABLE 57 North America Automobiles Market by Country, 2020 - 2023, USD Million
- TABLE 58 North America Automobiles Market by Country, 2024 - 2031, USD Million
- TABLE 59 North America Automobiles Market by Country, 2020 - 2023, Kilo Tonnes
- TABLE 60 North America Automobiles Market by Country, 2024 - 2031, Kilo Tonnes
- TABLE 61 North America Other End Uses Market by Country, 2020 - 2023, USD Million
- TABLE 62 North America Other End Uses Market by Country, 2024 - 2031, USD Million
- TABLE 63 North America Other End Uses Market by Country, 2020 - 2023, Kilo Tonnes
- TABLE 64 North America Other End Uses Market by Country, 2024 - 2031, Kilo Tonnes
- TABLE 65 North America Corrosion Resistant Resin Market by Country, 2020 - 2023, USD Million
- TABLE 66 North America Corrosion Resistant Resin Market by Country, 2024 - 2031, USD Million
- TABLE 67 North America Corrosion Resistant Resin Market by Country, 2020 - 2023, Kilo Tonnes
- TABLE 68 North America Corrosion Resistant Resin Market by Country, 2024 - 2031, Kilo Tonnes
- TABLE 69 US Corrosion Resistant Resin Market, 2020 - 2023, USD Million
- TABLE 70 US Corrosion Resistant Resin Market, 2024 - 2031, USD Million
- TABLE 71 US Corrosion Resistant Resin Market, 2020 - 2023, Kilo Tonnes
- TABLE 72 US Corrosion Resistant Resin Market, 2024 - 2031, Kilo Tonnes
- TABLE 73 US Corrosion Resistant Resin Market by Application, 2020 - 2023, USD Million
- TABLE 74 US Corrosion Resistant Resin Market by Application, 2024 - 2031, USD Million
- TABLE 75 US Corrosion Resistant Resin Market by Application, 2020 - 2023, Kilo Tonnes
- TABLE 76 US Corrosion Resistant Resin Market by Application, 2024 - 2031, Kilo Tonnes
- TABLE 77 US Corrosion Resistant Resin Market by Type, 2020 - 2023, USD Million
- TABLE 78 US Corrosion Resistant Resin Market by Type, 2024 - 2031, USD Million
- TABLE 79 US Corrosion Resistant Resin Market by Type, 2020 - 2023, Kilo Tonnes
- TABLE 80 US Corrosion Resistant Resin Market by Type, 2024 - 2031, Kilo Tonnes
- TABLE 81 US Corrosion Resistant Resin Market by End Use, 2020 - 2023, USD Million
- TABLE 82 US Corrosion Resistant Resin Market by End Use, 2024 - 2031, USD Million
- TABLE 83 US Corrosion Resistant Resin Market by End Use, 2020 - 2023, Kilo Tonnes
- TABLE 84 US Corrosion Resistant Resin Market by End Use, 2024 - 2031, Kilo Tonnes
- TABLE 85 Canada Corrosion Resistant Resin Market, 2020 - 2023, USD Million
- TABLE 86 Canada Corrosion Resistant Resin Market, 2024 - 2031, USD Million
- TABLE 87 Canada Corrosion Resistant Resin Market, 2020 - 2023, Kilo Tonnes
- TABLE 88 Canada Corrosion Resistant Resin Market, 2024 - 2031, Kilo Tonnes
- TABLE 89 Canada Corrosion Resistant Resin Market by Application, 2020 - 2023, USD Million
- TABLE 90 Canada Corrosion Resistant Resin Market by Application, 2024 - 2031, USD Million
- TABLE 91 Canada Corrosion Resistant Resin Market by Application, 2020 - 2023, Kilo Tonnes
- TABLE 92 Canada Corrosion Resistant Resin Market by Application, 2024 - 2031, Kilo Tonnes
- TABLE 93 Canada Corrosion Resistant Resin Market by Type, 2020 - 2023, USD Million
- TABLE 94 Canada Corrosion Resistant Resin Market by Type, 2024 - 2031, USD Million
- TABLE 95 Canada Corrosion Resistant Resin Market by Type, 2020 - 2023, Kilo Tonnes
- TABLE 96 Canada Corrosion Resistant Resin Market by Type, 2024 - 2031, Kilo Tonnes
- TABLE 97 Canada Corrosion Resistant Resin Market by End Use, 2020 - 2023, USD Million
- TABLE 98 Canada Corrosion Resistant Resin Market by End Use, 2024 - 2031, USD Million
- TABLE 99 Canada Corrosion Resistant Resin Market by End Use, 2020 - 2023, Kilo Tonnes
- TABLE 100 Canada Corrosion Resistant Resin Market by End Use, 2024 - 2031, Kilo Tonnes
- TABLE 101 Mexico Corrosion Resistant Resin Market, 2020 - 2023, USD Million
- TABLE 102 Mexico Corrosion Resistant Resin Market, 2024 - 2031, USD Million
- TABLE 103 Mexico Corrosion Resistant Resin Market, 2020 - 2023, Kilo Tonnes
- TABLE 104 Mexico Corrosion Resistant Resin Market, 2024 - 2031, Kilo Tonnes
- TABLE 105 Mexico Corrosion Resistant Resin Market by Application, 2020 - 2023, USD Million
- TABLE 106 Mexico Corrosion Resistant Resin Market by Application, 2024 - 2031, USD Million
- TABLE 107 Mexico Corrosion Resistant Resin Market by Application, 2020 - 2023, Kilo Tonnes
- TABLE 108 Mexico Corrosion Resistant Resin Market by Application, 2024 - 2031, Kilo Tonnes
- TABLE 109 Mexico Corrosion Resistant Resin Market by Type, 2020 - 2023, USD Million
- TABLE 110 Mexico Corrosion Resistant Resin Market by Type, 2024 - 2031, USD Million
- TABLE 111 Mexico Corrosion Resistant Resin Market by Type, 2020 - 2023, Kilo Tonnes
- TABLE 112 Mexico Corrosion Resistant Resin Market by Type, 2024 - 2031, Kilo Tonnes
- TABLE 113 Mexico Corrosion Resistant Resin Market by End Use, 2020 - 2023, USD Million
- TABLE 114 Mexico Corrosion Resistant Resin Market by End Use, 2024 - 2031, USD Million
- TABLE 115 Mexico Corrosion Resistant Resin Market by End Use, 2020 - 2023, Kilo Tonnes
- TABLE 116 Mexico Corrosion Resistant Resin Market by End Use, 2024 - 2031, Kilo Tonnes
- TABLE 117 Rest of North America Corrosion Resistant Resin Market, 2020 - 2023, USD Million
- TABLE 118 Rest of North America Corrosion Resistant Resin Market, 2024 - 2031, USD Million
- TABLE 119 Rest of North America Corrosion Resistant Resin Market, 2020 - 2023, Kilo Tonnes
- TABLE 120 Rest of North America Corrosion Resistant Resin Market, 2024 - 2031, Kilo Tonnes
- TABLE 121 Rest of North America Corrosion Resistant Resin Market by Application, 2020 - 2023, USD Million
- TABLE 122 Rest of North America Corrosion Resistant Resin Market by Application, 2024 - 2031, USD Million
- TABLE 123 Rest of North America Corrosion Resistant Resin Market by Application, 2020 - 2023, Kilo Tonnes
- TABLE 124 Rest of North America Corrosion Resistant Resin Market by Application, 2024 - 2031, Kilo Tonnes
- TABLE 125 Rest of North America Corrosion Resistant Resin Market by Type, 2020 - 2023, USD Million
- TABLE 126 Rest of North America Corrosion Resistant Resin Market by Type, 2024 - 2031, USD Million
- TABLE 127 Rest of North America Corrosion Resistant Resin Market by Type, 2020 - 2023, Kilo Tonnes
- TABLE 128 Rest of North America Corrosion Resistant Resin Market by Type, 2024 - 2031, Kilo Tonnes
- TABLE 129 Rest of North America Corrosion Resistant Resin Market by End Use, 2020 - 2023, USD Million
- TABLE 130 Rest of North America Corrosion Resistant Resin Market by End Use, 2024 - 2031, USD Million
- TABLE 131 Rest of North America Corrosion Resistant Resin Market by End Use, 2020 - 2023, Kilo Tonnes
- TABLE 132 Rest of North America Corrosion Resistant Resin Market by End Use, 2024 - 2031, Kilo Tonnes
- TABLE 133 Key Information - BASF SE
- TABLE 134 key Information - Huntsman Corporation
- TABLE 135 Key Information - The Dow Chemical Company
- TABLE 136 Key Information - Solvay SA
- TABLE 137 Key Information - HEXION Inc.
- TABLE 138 Key Information - Sino Polymer Co., Ltd.
- TABLE 139 Key Information - Swancor Holding Co., Ltd.
- TABLE 140 Key information - Arkema S.A.
- TABLE 141 Key Information - Olin Corporation
- TABLE 142 Key Information - Ashland Inc.
