Vinyl Ester Market Analysis by 2022-27 | Industry Share, Global Size, Top Key Players, COVID-19 Impact and Future Growth
According to the latest report by IMARC Group, “Global Vinyl Ester Market Analysis: Size, Share, Growth, Industry Trends, Opportunity and Forecast 2022-2027“, the global vinyl ester market reached a value of US$ 1.01 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 1.3 Billion by 2027, exhibiting a CAGR of 4.10% during 2022-2027.
Vinyl ester is a thermostat matrix resin that is heat-resistant and synthesized through the esterification of unimpregnated monocarboxylic acids with epoxy resin. It is a molecular chain that involves several ester groups double-bonded to vinyl groups. Vinyl ester possesses excellent resistance to toxic agents, heat and structural deformation corrosion. Consequently, it is utilized in the formulation of tanks, flue gas desulfurization (FGS), pipes, coatings and paints. Nowadays, it is commercially available in different types such as diglycidyl ether of bisphenol A (DGEBA), bisphenol and epoxy phenol novolac (EPN).
| Report Metric |
| Historical: 2016-2021 |
| Base Year: 2021 |
| Forecast Year: 2022-2027 |
Vinyl Ester Market Trends and Drivers:
One of the key factors driving the market is the increasing adoption of corrosion-resistant materials across various industries, specifically in wastewater treatment plants, to ensure higher ductility and longevity, and enhance the bending capacity of sewage drains. Additionally, the growing environmental consciousness among the masses and the rising corporate social responsibility (CSR) programs to encourage sustainability have led to the launch of bio-based vinyl ester resin.
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Besides, the rising product application in manufacturing pipelines, and duck systems across the mining, power and chemical industries, and fiber-reinforced plastic (FRP) on account of its superior solvent resistance and low permeability is propelling the market growth. Furthermore, manufacturers are introducing environment-friendly, lightweight and non-styrene product variants using advanced technologies to increase their utilization in the wind and marine energy sectors.
Moreover, various initiatives undertaken by the governments of several nations for positioning flue gas desulfurization (FGD) to avert the release of sulfur dioxide (SO2) in the environment released from the exhaust flue gases of fossil fuel power plants is creating a positive impact on the market.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Vinyl Ester Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
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.
The report has segmented the market on the basis of region, 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
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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