Due to the onset of COVID-19, some governments have imposed limitations on national and international transportation. As a result, the worldwide corrosion resistant resin market has experienced demand and supply interruptions.
The global pandemic had a significant impact on developing countries, leading in lower growth in the infrastructure and building sectors, which impacted the corrosion resistant resin market as well.
The usage of corrosion resistant resin in a range of end-use industries, such as oil and gas, automotive and transportation, marine, and other heavy industries, is expected to lead to market economic recovery after the industries resume operations during the COVID-19 period.
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