Vinyl Ester Market Size, Share Analysis, Key Companies, and Forecast To 2030

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Significant investments in production of high-performance industrial coating that reduces equipment downtime and elongates their lifespan is a key factor driving vinyl ester market revenue growth

The global vinyl ester market size was USD 1,023.0 Million in 2021 and is expected to register a revenue CAGR of 5.1% during the forecast period, according to latest analysis by Emergen Research. Increasing awareness regarding benefits of utilizing vinyl esters over polyester resins in end-use industries is a major factor driving market revenue growth. Vinyl ester and polyester resins differ significantly depending on chemical compositions and these differences reflect themselves in their physical properties, therefore, industry professionals significantly invest in gathering ideas of what performance is required from the build. Selection between these resins plays a key role in determining strength, durability, and product life and also affects overall cost associated with manufacturing of end products. Also, understanding these key differences enables users to compile the list of critical material performance factors required from finished product and inform the selection.

For instance, cross bonding of vinyl esters is superior to that of polyesters, which denotes that vinyl esters bond to core materials more effectively than polyesters. In addition, vinyl esters are less sensitive to ambient conditions, such as temperature and humidity, than polyesters. Vinyl esters are also used in applications such as in the automotive industry it is used in manufacturing of parts and surfaces of vehicles. This can be primarily attributed to their water-resistant properties. On the other hand, in the construction industry, it is used in fascias for buildings, reinforcement of bridges, and others.

The report considers COVID-19 as a key contributor of the dynamically altered market scenario. The report covers a comprehensive impact analysis of the global health crisis on the overall growth of the market. Furthermore, the report covers the current and future impact of the COVID-19 crisis on the market and its key segments.

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The report offers a complete analysis of the global vinyl ester market on a global and regional scale and offers a forecast for the market for 8 years. The report provides extensive coverage of the market drivers, restraints, limitations, growth prospects, threats, opportunities, and current and emerging trends in the market. The report also offers an in-depth analysis of the market players along with their business overview, product portfolio, technological advancements, expansion plans, financial standing, and global position. It also sheds light on the collaborations in the competitive landscape, such as mergers and acquisitions, joint ventures, collaborations, product launches, brand promotions, corporate and government deals, licensing agreements, and others.

Some Key Highlights From the Report

  • The bisphenol A segment accounted for a significant revenue share in 2021. Widespread applications in industrial coatings, electrical insulating materials, and others is a major factor driving revenue growth of this segment. In addition, this type of resin is used in applications including public health and food safety. Increasing preference is primarily attributed to their excellent material properties such as durable and long-lasting.
  • The pipes tanks segment accounted for a significant revenue share in 2021. Increasing demand for consumer products has led manufacturers to significantly invest in expanding their industrial capabilities, which is a major factor driving revenue growth of this segment. Also, they are procuring raw materials, equipment, and others, which necessitates construction of new manufacturing units and expansion of existing plants, thereby driving segment’s revenue growth. Vinyl ester is increasingly used in manufacturing of pipes and tanks in industrial facilities due to its excellent material properties. In addition, vinyl ester provides excellent resistance to alkalis, acids, and a broad range of chemicals.    
  • The Asia Pacific market accounted for largest revenue share in 2021. Significant investments in reinforcement of buildings as well as construction of railways, bridges, and others is a major factor driving market revenue growth in this region. Vinyl ester is a widely preferred material used in the construction industry. Increasing demand can be primarily attributed to its waterproof and high-impact resistance properties. In addition, this type of resin is preferred due to its superior cross bonding capabilities compared to polyesters.  

Market Drivers:

The constant efforts of prominent players to develop newer and modern technologies and product advancements are expected to drive the growth of the industry over the coming years. The report studies the extensive business expansion plans and advancements in RD activities and product portfolio. The report offers a clear understanding of the alliances in the market, such as mergers and acquisitions, joint ventures, collaborations, partnerships, agreements, product launches and brand promotions, and corporate deals.

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Increasing demand for corrosion resistant materials in wastewater treatment plants is another key factor driving market revenue growth. Vinyl esters are a type of thermostat matrix resin created by esterifying unsaturated monocarboxylic acids with epoxy resin. It is used in production of sewage drains because of its excellent ability to improve bending capacity, provide higher ductility, and ensure longevity. In addition, favorable government initiatives for installing Flue Gas Desulphurization (FGD) in various countries have contributed to market revenue growth. FGD allows for removal of harmful Sulphur Dioxide (SO2) from atmosphere, which is released from power plant exhaust flue gases. This is bolstered further by increasing consumer awareness of environment-friendly methodologies and ramping up Customer Social Responsibility (CSR) programs to promote sustainability.     

The report is an investigative study of the technological developments and product advancements, along with a regional analysis for each product and application offered in the market. The fundamental objective of the report is to give an insight into the workings of the vinyl ester industry. It provides an accurate and strategic outlook of the market with a thorough assessment of the segments and sub-segments of the market. It provides a panoramic view of the industry to offer a deeper understanding of the global industry.

Emergen Research has segmented the global vinyl ester market based on type, end-use:

  • Type Outlook (Revenue, USD Million; 2019-2030)
    • Bisphenol A
    • Novolac
    • Brominated Fire Resistant
    • Elastomer Modified
    • Others
  • End-Use Outlook (Revenue, USD Million; 2019-2030)
    • Pipes Tanks
    • Marine
    • Wind Energy
    • FGD Precipitators
    • Building Construction
    • Aerospace Defense
    • Others

Leading Companies of the vinyl ester Industry and Profiled in the Report are:

DIC Corporation, Interplastic Corporation, Reichhold LLC, Swancor, Showa Denko K.K., Polynt S.p.A., AOC, Scott Bader Company Ltd., Allnex GMBH, Hexion, Nivitex Fiberglass and Resins, and Mechemco.

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Regional Analysis:

The report sheds light on the region expected to dominate the vinyl ester market in the coming years. The report estimates the market size in terms of volume and value and offers an accurate estimate of the market share each region is anticipated to hold during the forecast period. The report analyzes the spread of the vinyl ester market in key geographies covering North America, Latin America, Europe, Asia Pacific, and Middle East Africa. The regional analysis offers an idea about the production and consumption pattern, import/export, supply and demand ratio, revenue contribution, market share and size, and the presence of prominent players in each region.

ToC of the report:

Chapter 1: Market overview and scope

Chapter 2: Market outlook

Chapter 3: Impact analysis of COVID-19 pandemic

Chapter 4: Competitive Landscape

Chapter 5: Drivers, Constraints, Opportunities, Limitations

Chapter 6: Key manufacturers of the industry

Chapter 7: Regional analysis

Chapter 8: Market segmentation based on type applications

Chapter 9: Current and Future Trends

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