There are a number of industries globally that incur heavy losses that can be attributed to corrosion annually. How is corrosion harmful? It can become an impediment and pose as a hazard to people and property. In a bid to prevent such damage, corrosion resistant resins come into use. They help minimise these damages that affect equipment, structures, and machinery. These can be identified as the main drivers for the corrosion resistant resins market.
Going solely by the type, the epoxy segment is touted to lead the CRR market during the forecast period. Why is epoxy touted to do so well? It has cost-efficient and has superior physical properties. In fact, it is preferred over other variants of corrosion resistant resins.
This apart, the composites application segment is touted to grow at the highest CAGR during the period under forecast. Going by the application, the composites segment may grow at the highest CAGR between the period from 2016 and 2026. Considering more businesses are adopting lightweight materials, these composites are now being used more often instead of traditional metals, mainly because they are cost-effective and do not require much maintenance. Most manufacturing companies’ R&D departments are in the process of conducting researches to open up and expand the application area of Corrosion Resistant resins. Once this kicks into high gear, it will in all probability drive the market during the forecast period. All one can do now is wait and watch to see how it goes.
Going solely by the type, the epoxy segment is touted to lead the CRR market during the forecast period. Why is epoxy touted to do so well? It has cost-efficient and has superior physical properties. In fact, it is preferred over other variants of corrosion resistant resins.
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| Corrosion Resistance |
This apart, the composites application segment is touted to grow at the highest CAGR during the period under forecast. Going by the application, the composites segment may grow at the highest CAGR between the period from 2016 and 2026. Considering more businesses are adopting lightweight materials, these composites are now being used more often instead of traditional metals, mainly because they are cost-effective and do not require much maintenance. Most manufacturing companies’ R&D departments are in the process of conducting researches to open up and expand the application area of Corrosion Resistant resins. Once this kicks into high gear, it will in all probability drive the market during the forecast period. All one can do now is wait and watch to see how it goes.
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