The global vinyl ester market size reached US$ 1.1 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 1.3 Billion by 2028, exhibiting a growth rate (CAGR) of 3.2% during 2023-2028.
Vinyl ester refers to a heat-resistant, thermostat matrix resin that is synthesized through the esterification of unsaturated monocarboxylic acids with epoxy resin. It is a molecular chain, which includes a few ester groups double-bonded to vinyl groups. Vinyl ester offers strength, low shrinkage, exceptional adhesion, durability, and long-term performance. They also exhibit a great degree of resistance to heat, toxic agents, and structural deformation corrosion, due to which, they are widely employed for formulating pipes, tanks, flue gas desulfurization (FGS), paints and coatings. At present, it is available in varying types, such as bisphenol, diglycidyl ether of bisphenol A (DGEBA) and epoxy phenol novolac (EPN).
2. What is the expected growth rate of the global vinyl ester market during 2023-2028?
3. What are the key factors driving the global vinyl ester market?
4. What has been the impact of COVID-19 on the global vinyl ester market?
5. What is the breakup of the global vinyl ester market based on the type?
6. What is the breakup of the global vinyl ester market based on the application?
7. What are the key regions in the global vinyl ester market?
8. Who are the key players/companies in the global vinyl ester market?
Vinyl ester refers to a heat-resistant, thermostat matrix resin that is synthesized through the esterification of unsaturated monocarboxylic acids with epoxy resin. It is a molecular chain, which includes a few ester groups double-bonded to vinyl groups. Vinyl ester offers strength, low shrinkage, exceptional adhesion, durability, and long-term performance. They also exhibit a great degree of resistance to heat, toxic agents, and structural deformation corrosion, due to which, they are widely employed for formulating pipes, tanks, flue gas desulfurization (FGS), paints and coatings. At present, it is available in varying types, such as bisphenol, diglycidyl ether of bisphenol A (DGEBA) and epoxy phenol novolac (EPN).
Vinyl Ester Market Trends:
The increasing demand for corrosion resistant materials across several industry verticals, especially in wastewater treatment plants for ensuring longevity, higher ductility, and improving bending capacity of sewage drains is majorly driving the vinyl ester market growth. In line with this, the numerous favorable initiatives undertaken by the government of various nations for installing flue gas desulfurization (FGD) to eliminate the release of sulfur dioxide (SO2) in the atmosphere released from the exhaust flue gases of fossil-fuel power plants is acting as another growth-inducing factor. This is further supported by the rising environmental consciousness amongst consumers and the escalating corporate social responsibility (CSR) programs to promote sustainability, which, in turn, has led to the emergence of bio-based vinyl ester resin. Moreover, the extensive product utilization in the fabrication of fiber-reinforced plastic (FRP) storage tanks, pipelines and duck systems across the chemical, mining, and power generation industries due to its superior solvent resistance and low permeability property is contributing to the market growth. Besides this, manufacturers are adopting advanced technologies to introduce environmentally friendly, non-styrene, and lightweight product variants to expand their application to marine and wind energy sectors, which is further creating a positive outlook for the market.Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global vinyl ester market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, distribution channel and application.Breakup by Type:
- Bisphenol A Diglycidyl Ether (DGEBA)
- Epoxy Phenol Novolac (EPN)
- Brominated Fire Retardant
- Others
Breakup by Distribution Channel:
- Offline
- Online
Breakup by Application:
- Pipes and Tanks
- Paints and Coatings
- Transportation
- Pulp and Paper
- Others
Breakup by Region:
North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
Latin America
- Brazil
- Mexico
- Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Akzo Nobel N.V., Ashland Global Holdings Inc., INEOS Limited, Interplastic Corporation, Nivitex Fibreglass and Resins, Poliya Composite Resins and Polymers Inc., Polynt spa, Scott Bader Company Ltd., Showa Denko K. K., Sino Polymer Co. Ltd. and Swancor Holding Co Ltd.Key Questions Answered in This Report
1. What was the size of the global vinyl ester market in 2022?2. What is the expected growth rate of the global vinyl ester market during 2023-2028?
3. What are the key factors driving the global vinyl ester market?
4. What has been the impact of COVID-19 on the global vinyl ester market?
5. What is the breakup of the global vinyl ester market based on the type?
6. What is the breakup of the global vinyl ester market based on the application?
7. What are the key regions in the global vinyl ester market?
8. Who are the key players/companies in the global vinyl ester market?
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Vinyl Ester Market
6 Market Breakup by Type
7 Market Breakup by Distribution Channel
8 Market Breakup by Application
9 Market Breakup by Region
10 SWOT Analysis
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Akzo Nobel N.V.
- Ashland Global Holdings Inc.
- INEOS Limited
- Interplastic Corporation
- Nivitex Fibreglass and Resins
- Poliya Composite Resins and Polymers Inc.
- Polynt spa
- Scott Bader Company Ltd.
- Showa Denko K. K.
- Sino Polymer Co. Ltd. and Swancor Holding Co Ltd.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 142 |
| Published | May 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 1.1 Billion |
| Forecasted Market Value ( USD | $ 1.3 Billion |
| Compound Annual Growth Rate | 2.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
