The global vinyl ester market was valued at $1.1 billion in 2020, and is projected to reach $2.1 billion by 2030, growing at a CAGR of 6.5% from 2021 to 2030.
Vinyl ester is used as a resin and is a hybrid form of polyester resin. The polyester resin is reinforced by the addition of epoxy resin. These resins are resistant to chemically and thermally aggressive environments and withstand water absorption. In addition, vinyl ester has a high resistance to vibration forces. Vinyl ester finds its main application in the oil & gas industry, where there is a need for materials resistant to corrosion, heat, and vibrations. Vinyl ester is used to coat flue gas desulfurization. The chemical and thermal resistance properties of vinyl ester resin are higher than conventional materials such as polyester resin, which means that they can be used in pipes and tanks, rotor blades in wind turbines and in construction. Apart from this, vinyl ester further enhances the advantages of resins for corrosion resistant applications and demonstrates the manufacturing and labor savings of using composites to replace other materials.
Many developing countries are embracing wind power as an important source of green energy. Recently, developing countries have also followed this trend due to surge in environmental concerns. Vinyl ester's heat resistant nature is driving its demand in the wind energy sector. The global composite materials market is expected to grow at a higher rate during the forecast period due to increase in demand from major end-user industries. This, in turn, is expected to help drive the growth of the vinyl ester market. Major product manufacturers are investing heavily in vinyl ester production to meet the surge in demand from the storage tank and pipe industry for safer storage of volatile chemicals and explosives. However, the expensive nature of vinyl ester compounds is expected to limit the growth of the market. As vinyl ester is more expensive than its polyester and vinyl ester-based counterparts.
The vinyl ester market is segmented into type, application, and region. By type, the market is segregated into bisphenol A diglycidyl ether (DGEBA), epoxy phenol novolac (EPN), brominated fire retardant, and others. On the basis of application, it is fragmented into pipes & tanks, paints & coatings, transportation, pulp & paper, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major companies profiled in this report include AOC, LLC, Ashland Global Holdings Inc., DIC CORPORATION, INEOS, Interplastic Corporation, Polynt, Reinchhold LLC 2, SHOWA DENKO K.K., Sino Polymer Co., Ltd., and Swancor. The global vinyl ester market report provides in-depth competitive analysis as well as profiles of these major players.
2. Ashland Global Holdings Inc.
3. DIC CORPORATION
4. INEOS
5. Interplastic Corporation
6. Polynt
7. Reinchhold LLC 2
8. SHOWA DENKO K.K.
9. Sino Polymer Co., Ltd.
10. Swancor
Vinyl ester is used as a resin and is a hybrid form of polyester resin. The polyester resin is reinforced by the addition of epoxy resin. These resins are resistant to chemically and thermally aggressive environments and withstand water absorption. In addition, vinyl ester has a high resistance to vibration forces. Vinyl ester finds its main application in the oil & gas industry, where there is a need for materials resistant to corrosion, heat, and vibrations. Vinyl ester is used to coat flue gas desulfurization. The chemical and thermal resistance properties of vinyl ester resin are higher than conventional materials such as polyester resin, which means that they can be used in pipes and tanks, rotor blades in wind turbines and in construction. Apart from this, vinyl ester further enhances the advantages of resins for corrosion resistant applications and demonstrates the manufacturing and labor savings of using composites to replace other materials.
Many developing countries are embracing wind power as an important source of green energy. Recently, developing countries have also followed this trend due to surge in environmental concerns. Vinyl ester's heat resistant nature is driving its demand in the wind energy sector. The global composite materials market is expected to grow at a higher rate during the forecast period due to increase in demand from major end-user industries. This, in turn, is expected to help drive the growth of the vinyl ester market. Major product manufacturers are investing heavily in vinyl ester production to meet the surge in demand from the storage tank and pipe industry for safer storage of volatile chemicals and explosives. However, the expensive nature of vinyl ester compounds is expected to limit the growth of the market. As vinyl ester is more expensive than its polyester and vinyl ester-based counterparts.
The vinyl ester market is segmented into type, application, and region. By type, the market is segregated into bisphenol A diglycidyl ether (DGEBA), epoxy phenol novolac (EPN), brominated fire retardant, and others. On the basis of application, it is fragmented into pipes & tanks, paints & coatings, transportation, pulp & paper, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major companies profiled in this report include AOC, LLC, Ashland Global Holdings Inc., DIC CORPORATION, INEOS, Interplastic Corporation, Polynt, Reinchhold LLC 2, SHOWA DENKO K.K., Sino Polymer Co., Ltd., and Swancor. The global vinyl ester market report provides in-depth competitive analysis as well as profiles of these major players.
Key benefits for stakeholders
- Porter’s five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
- It outlines the current trends and future estimations of the vinyl ester market from 2019 to 2027 to understand the prevailing opportunities and potential investment pockets.
- The major countries in the region have been mapped according to their individual revenue contribution to the regional market.
- The key drivers, restraints, & opportunities and their detailed impact analysis are explained in the study.
- The profiles of key players and their key strategic developments are enlisted in the report.
Key market segments
By Type
- Bisphenol A Diglycidyl Ether (DGEBA)
- Epoxy Phenol Novolac (EPN)
- Brominated Fire Retardant
- Other
By Application
- Pipes & Tanks
- Paints & Coatings
- Transportation
- Pulp & Paper
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- France
- Germany
- UK
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- India
- China
- Japan
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
KEY PLAYERS in the global vinyl ester market are:
1. AOC, LLC2. Ashland Global Holdings Inc.
3. DIC CORPORATION
4. INEOS
5. Interplastic Corporation
6. Polynt
7. Reinchhold LLC 2
8. SHOWA DENKO K.K.
9. Sino Polymer Co., Ltd.
10. Swancor
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: VINYL ESTER MARKET, BY TYPE
CHAPTER 5: VINYL ESTER MARKET, BY APPLICATION
CHAPTER 6: VINYL ESTER MARKET, BY REGION
CHAPTER 7: COMPETITIVE LANDSCAPE
CHAPTER 8: COMPANY PROFILES:
List of Tables
List of Figures
Companies Mentioned
- Polynt
- Ashland Global Holdings Inc.
- INEOS
- DIC CORPORATION
- Interplastic Corporation
- SHOWA DENKO K.K. S.A.cor
- Reinchhold LLC 2
- Sino Polymer Co. LTD. and AOC LLC
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 260 |
| Published | October 2021 |
| Forecast Period | 2020 - 2030 |
| Estimated Market Value ( USD | $ 1.1 billion |
| Forecasted Market Value ( USD | $ 2.1 billion |
| Compound Annual Growth Rate | 6.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 8 |
