| Product Code: ETC5736818 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Canada`s import trend for the corrosion-resistant resin market experienced a decrease in growth rate from 2023 to 2024, with a -2.42% change. However, the compound annual growth rate (CAGR) for the period 2020-2024 stood at 4.19%. This decline in import momentum in 2024 could be attributed to shifting market demands or changes in trade policies impacting the market stability during that period.
The corrosion-resistant resin market in Canada is growing as industries seek durable and protective materials for various applications. Corrosion-resistant resins are used in coatings, linings, and composite materials to protect surfaces from corrosion and chemical damage. The market is driven by advancements in resin technologies, the need for reliable protection in industrial environments, and the growing focus on extending the lifespan of infrastructure and equipment.
The corrosion-resistant resin market in Canada is expanding as industries seek materials that offer protection against corrosive chemicals and harsh environmental conditions. These resins are widely used in coatings, linings, and composite materials for applications in chemical processing, water treatment, and marine industries. The push for sustainability and longer-lasting materials drives innovation in this market.
The Canadian corrosion-resistant resin market faces obstacles such as fluctuating resin prices, ensuring consistent performance across diverse industrial applications, and meeting environmental regulations. The market is also challenged by the need to develop resins that can withstand higher temperatures and corrosive environments.
Government policies impacting the corrosion-resistant resin market in Canada center on environmental regulations, safety standards, and industry practices. The Canadian Environmental Protection Act (CEPA) governs the use of chemicals in resins to minimize environmental impact. Regulations also focus on the safe handling and application of corrosion-resistant resins to protect workers and consumers. Government support for innovation and sustainable practices drives demand for advanced and eco-friendly resin solutions.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Canada Corrosion Resistant Resin Market Overview |
3.1 Canada Country Macro Economic Indicators |
3.2 Canada Corrosion Resistant Resin Market Revenues & Volume, 2021 & 2031F |
3.3 Canada Corrosion Resistant Resin Market - Industry Life Cycle |
3.4 Canada Corrosion Resistant Resin Market - Porter's Five Forces |
3.5 Canada Corrosion Resistant Resin Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Canada Corrosion Resistant Resin Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Canada Corrosion Resistant Resin Market Revenues & Volume Share, By End Use Industry, 2021 & 2031F |
4 Canada Corrosion Resistant Resin Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for corrosion-resistant coatings in industries such as automotive, construction, and marine due to harsh environmental conditions |
4.2.2 Stringent government regulations regarding environmental protection and safety, leading to the adoption of corrosion-resistant resins |
4.2.3 Growth in infrastructure development projects driving the demand for corrosion-resistant materials |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting the overall production cost of corrosion-resistant resins |
4.3.2 Lack of awareness and technical expertise in handling corrosion-resistant resins hindering market growth |
4.3.3 Intense competition among key market players leading to pricing pressures and reduced profit margins |
5 Canada Corrosion Resistant Resin Market Trends |
6 Canada Corrosion Resistant Resin Market Segmentations |
6.1 Canada Corrosion Resistant Resin Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Canada Corrosion Resistant Resin Market Revenues & Volume, By Epoxy, 2021-2031F |
6.1.3 Canada Corrosion Resistant Resin Market Revenues & Volume, By Polyester, 2021-2031F |
6.2 Canada Corrosion Resistant Resin Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Canada Corrosion Resistant Resin Market Revenues & Volume, By Coatings, 2021-2031F |
6.2.3 Canada Corrosion Resistant Resin Market Revenues & Volume, By Composites, 2021-2031F |
6.3 Canada Corrosion Resistant Resin Market, By End Use Industry |
6.3.1 Overview and Analysis |
6.3.2 Canada Corrosion Resistant Resin Market Revenues & Volume, By Oil & gas, 2021-2031F |
6.3.3 Canada Corrosion Resistant Resin Market Revenues & Volume, By Heavy industries, 2021-2031F |
6.3.4 Canada Corrosion Resistant Resin Market Revenues & Volume, By Automotive & transportation, 2021-2031F |
7 Canada Corrosion Resistant Resin Market Import-Export Trade Statistics |
7.1 Canada Corrosion Resistant Resin Market Export to Major Countries |
7.2 Canada Corrosion Resistant Resin Market Imports from Major Countries |
8 Canada Corrosion Resistant Resin Market Key Performance Indicators |
8.1 Research and development investment in new corrosion-resistant resin formulations |
8.2 Percentage of market penetration in key industries like automotive, construction, and marine |
8.3 Number of partnerships and collaborations for expanding product reach in the market |
8.4 Rate of adoption of corrosion-resistant resin technology by end-users |
8.5 Environmental certifications and compliance standards met by corrosion-resistant resin manufacturers |
9 Canada Corrosion Resistant Resin Market - Opportunity Assessment |
9.1 Canada Corrosion Resistant Resin Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Canada Corrosion Resistant Resin Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Canada Corrosion Resistant Resin Market Opportunity Assessment, By End Use Industry, 2021 & 2031F |
10 Canada Corrosion Resistant Resin Market - Competitive Landscape |
10.1 Canada Corrosion Resistant Resin Market Revenue Share, By Companies, 2024 |
10.2 Canada Corrosion Resistant Resin Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |