The Europe Corrosion Resistant Resin Market is expected to witness market growth of 5.3% CAGR during the forecast period (2024-2031). In the year 2021, the Europe market's volume surged to 441.07 kilo tonnes, showcasing a growth of 22.9% (2020-2024).
Polyurethane resins are increasingly popular in the corrosion-resistant resin market, thanks to their flexibility, toughness, and excellent resistance to abrasion and chemicals. These properties make polyurethanes ideal for protective coatings and sealants, which create robust barriers against moisture, UV radiation, and environmental factors. Widely used in various industries, including automotive, construction, and aerospace, polyurethane resins can be customized to meet specific application needs, thereby enhancing their appeal. Therefore, by the year 2031, 14.81 kilo tonnes of are expected to be utilized in France.
The Germany market dominated the Europe Corrosion Resistant Resin Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $654.6 million by 2031. The UK market is exhibiting a CAGR of 4.5% during 2024-2031. Additionally, the France market is expected to experience a CAGR of 6.2% during 2024-2031.
In the automotive industry, corrosion-resistant resins are essential for producing lightweight and durable parts that can withstand exposure to road salts, chemicals, and moisture. These resins manufacture body panels, fuel tanks, and other external components. The increasing adoption of electric vehicles (EVs), which require advanced materials for batteries and chassis, has further amplified the demand for corrosion-resistant resins. Moreover, the automotive industry’s focus on reducing vehicle weight for better fuel efficiency has contributed to the growing use of composite materials, which include corrosion-resistant resins.
The marine industry relies heavily on corrosion-resistant materials due to its continuous exposure to highly corrosive seawater. Corrosion-resistant resins, particularly vinyl ester and epoxy resins, are widely used to manufacture boat hulls, pipelines, and other marine structures. These resins offer superior resistance to saltwater corrosion, ensuring that vessels and marine equipment maintain their strength and durability over time. The rising demand for recreational boating and the expansion of the shipping and logistics industries contribute to the growth of corrosion-resistant resins in this sector.
As the EU’s industrial production grows, the need for corrosion-resistant resins will intensify. This is due to the increased requirement for materials that can handle corrosive environments, such as exposure to chemicals, moisture, and extreme weather conditions, which are prevalent in many industrial processes. Furthermore, the EU’s strong focus on sustainable and high-performance materials aligns with the growing demand for corrosion-resistant resins, which provide durability and contribute to the overall sustainability and cost-effectiveness of industrial operations by reducing maintenance costs and extending the lifespan of equipment. Therefore, the rising industrial production in the European Union is directly supporting the growth of the market.
Polyurethane resins are increasingly popular in the corrosion-resistant resin market, thanks to their flexibility, toughness, and excellent resistance to abrasion and chemicals. These properties make polyurethanes ideal for protective coatings and sealants, which create robust barriers against moisture, UV radiation, and environmental factors. Widely used in various industries, including automotive, construction, and aerospace, polyurethane resins can be customized to meet specific application needs, thereby enhancing their appeal. Therefore, by the year 2031, 14.81 kilo tonnes of are expected to be utilized in France.
The Germany market dominated the Europe Corrosion Resistant Resin Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $654.6 million by 2031. The UK market is exhibiting a CAGR of 4.5% during 2024-2031. Additionally, the France market is expected to experience a CAGR of 6.2% during 2024-2031.
In the automotive industry, corrosion-resistant resins are essential for producing lightweight and durable parts that can withstand exposure to road salts, chemicals, and moisture. These resins manufacture body panels, fuel tanks, and other external components. The increasing adoption of electric vehicles (EVs), which require advanced materials for batteries and chassis, has further amplified the demand for corrosion-resistant resins. Moreover, the automotive industry’s focus on reducing vehicle weight for better fuel efficiency has contributed to the growing use of composite materials, which include corrosion-resistant resins.
The marine industry relies heavily on corrosion-resistant materials due to its continuous exposure to highly corrosive seawater. Corrosion-resistant resins, particularly vinyl ester and epoxy resins, are widely used to manufacture boat hulls, pipelines, and other marine structures. These resins offer superior resistance to saltwater corrosion, ensuring that vessels and marine equipment maintain their strength and durability over time. The rising demand for recreational boating and the expansion of the shipping and logistics industries contribute to the growth of corrosion-resistant resins in this sector.
As the EU’s industrial production grows, the need for corrosion-resistant resins will intensify. This is due to the increased requirement for materials that can handle corrosive environments, such as exposure to chemicals, moisture, and extreme weather conditions, which are prevalent in many industrial processes. Furthermore, the EU’s strong focus on sustainable and high-performance materials aligns with the growing demand for corrosion-resistant resins, which provide durability and contribute to the overall sustainability and cost-effectiveness of industrial operations by reducing maintenance costs and extending the lifespan of equipment. Therefore, the rising industrial production in the European Union is directly supporting the growth of the market.
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.
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)
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Europe Corrosion Resistant Resin Market by Application
Chapter 5. Europe Corrosion Resistant Resin Market by Type
Chapter 6. Europe Corrosion Resistant Resin Market by End Use
Chapter 7. Europe Corrosion Resistant Resin Market by Country
Chapter 8. Company Profiles
Companies Mentioned
- 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.
Methodology
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