Resin is highly viscous or solid substance which can be natural or of synthetic origin. Corrosion resistance resins are mainly formulated as isophthalic, vinyl ester, and terephthalic resins to impart desired property of corrosion resistance. They have application in oil & gas, automotive, and marine industries However, corrosion is major challenges faced by manufactures operating in these industries, as it leads to high monetary and property losses across the aforementioned industries. Corrosion resistant resin are gaining traction in these industries, owing to their properties such as resistance to solvents, chemicals, moisture, and high temperature. They have a wide range of application in manufacturing of glass containers, stainless steel, and painted steel.

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Epoxy resin product segment is dominant in the global corrosion resistant resin market, owing to excellent corrosion resistance property, easy application, and affordable cost. Epoxy coatings are widely used to prevent corrosion in manufacturing equipment, tanks for corrosive chemicals, underground storage tanks, industrial scrubbers, effluent management, and pressure transfer pipe. Vinyl resin are used in marine industry to prevent the blistering of the hull ships. Replacing the conventional methods of applying protective paints by resin is increasing rapidly in various end-use industries such as infrastructure, oil & gas, and automotive. This is mainly attributed to the properties of composites such as easy installation, corrosion resistance, and ease of operation at elevated temperatures.

However, fluctuating prices of raw material is restraining growth of corrosion resistant resin market over the forecast period. This is mainly due raw materials used for manufacturing corrosion resistant resins comprise majority of petroleum products, which are expensive. Some of the companies operating in the global corrosion resistant resin industry include Reichhold Inc., Huntsman Corporation, Olin Corporation, Scott Bader Company Limited, Ashland Inc., Aditya Birla Chemicals, and Polynt Composites Inc.
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