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Press Release:

Global Vinyl Ester Market to Reach US$ 1.30 Billion by 2027, Augmented by Rising Demand for Flue Gas Desulfurization (FGD) Installations

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Vinyl Ester Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

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. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

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).

 

 
 

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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:

IMARC Group provides an analysis of the key trends in each sub-segment of the global vinyl ester market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, distribution channel and application.

Breakup by Type:

 

 
 

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  • 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:

 

 
 

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  • 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Type, Distribution Channel, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1    Preface
2    Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction
    4.1    Overview
    4.2    Key Industry Trends
5    Global Vinyl Ester Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Type
    6.1    Bisphenol A Diglycidyl Ether (DGEBA)
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Epoxy Phenol Novolac (EPN)
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Brominated Fire Retardant
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Others
        6.4.1 Market Trends
        6.4.2 Market Forecast
7    Market Breakup by Distribution Channel
    7.1    Offline
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Online
        7.2.1 Market Trends
        7.2.2 Market Forecast
8    Market Breakup by Application
    8.1    Pipes and Tanks
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Paints and Coatings
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Transportation
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Pulp and Paper
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Others
        8.5.1 Market Trends
        8.5.2 Market Forecast
9    Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis
    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape
    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Akzo Nobel N.V.
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
        14.3.2    Ashland Global Holdings Inc.
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
           14.3.2.3 Financials
           14.3.2.4 SWOT Analysis
        14.3.3    INEOS Limited
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
        14.3.4    Interplastic Corporation
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
        14.3.5    Nivitex Fibreglass and Resins
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
        14.3.6    Poliya Composite Resins and Polymers Inc.
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
        14.3.7    Polynt spa
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
           14.3.7.3 Financials
           14.3.7.4 SWOT Analysis
        14.3.8    Scott Bader Company Ltd.
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
        14.3.9    Showa Denko K. K.
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
        14.3.10    Sino Polymer Co. Ltd.
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio
        14.3.11    Swancor Holding Co Ltd.
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio
           14.3.11.3 Financials

List of Figures

Figure 1: Global: Vinyl Ester Market: Major Drivers and Challenges
Figure 2: Global: Vinyl Ester Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Vinyl Ester Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Vinyl Ester Market: Breakup by Type (in %), 2021
Figure 5: Global: Vinyl Ester Market: Breakup by Distribution Channel (in %), 2021
Figure 6: Global: Vinyl Ester Market: Breakup by Application (in %), 2021
Figure 7: Global: Vinyl Ester Market: Breakup by Region (in %), 2021
Figure 8: Global: Vinyl Ester (Bisphenol A Diglycidyl Ether (DGEBA)) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Vinyl Ester (Bisphenol A Diglycidyl Ether (DGEBA)) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Vinyl Ester (Epoxy Phenol Novolac (EPN)) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Vinyl Ester (Epoxy Phenol Novolac (EPN)) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Vinyl Ester (Brominated Fire Retardant) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Vinyl Ester (Brominated Fire Retardant) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Vinyl Ester (Other Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Vinyl Ester (Other Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Vinyl Ester (Offline) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Vinyl Ester (Offline) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Vinyl Ester (Online) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Vinyl Ester (Online) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Vinyl Ester (Pipes and Tanks) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Vinyl Ester (Pipes and Tanks) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Vinyl Ester (Paints and Coatings) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Vinyl Ester (Paints and Coatings) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Vinyl Ester (Transportation) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Vinyl Ester (Transportation) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Vinyl Ester (Pulp and Paper) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Vinyl Ester (Pulp and Paper) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Vinyl Ester (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Vinyl Ester (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: North America: Vinyl Ester Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: North America: Vinyl Ester Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: United States: Vinyl Ester Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: United States: Vinyl Ester Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Canada: Vinyl Ester Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Canada: Vinyl Ester Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Asia-Pacific: Vinyl Ester Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Asia-Pacific: Vinyl Ester Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: China: Vinyl Ester Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: China: Vinyl Ester Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Japan: Vinyl Ester Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Japan: Vinyl Ester Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: India: Vinyl Ester Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: India: Vinyl Ester Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: South Korea: Vinyl Ester Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: South Korea: Vinyl Ester Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Australia: Vinyl Ester Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Australia: Vinyl Ester Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Indonesia: Vinyl Ester Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Indonesia: Vinyl Ester Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Others: Vinyl Ester Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Others: Vinyl Ester Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Europe: Vinyl Ester Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Europe: Vinyl Ester Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Germany: Vinyl Ester Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Germany: Vinyl Ester Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: France: Vinyl Ester Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: France: Vinyl Ester Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: United Kingdom: Vinyl Ester Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: United Kingdom: Vinyl Ester Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Italy: Vinyl Ester Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Italy: Vinyl Ester Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Spain: Vinyl Ester Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Spain: Vinyl Ester Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Russia: Vinyl Ester Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Russia: Vinyl Ester Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Others: Vinyl Ester Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Others: Vinyl Ester Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Latin America: Vinyl Ester Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Latin America: Vinyl Ester Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Brazil: Vinyl Ester Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Brazil: Vinyl Ester Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Mexico: Vinyl Ester Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Mexico: Vinyl Ester Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Others: Vinyl Ester Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Others: Vinyl Ester Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Middle East and Africa: Vinyl Ester Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Middle East and Africa: Vinyl Ester Market: Breakup by Country (in %), 2021
Figure 78: Middle East and Africa: Vinyl Ester Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Global: Vinyl Ester Industry: SWOT Analysis
Figure 80: Global: Vinyl Ester Industry: Value Chain Analysis
Figure 81: Global: Vinyl Ester Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Vinyl Ester Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Vinyl Ester Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Vinyl Ester Market Forecast: Breakup by Distribution Channel (in Million US$), 2022-2027
Table 4: Global: Vinyl Ester Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 5: Global: Vinyl Ester Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Vinyl Ester Market: Competitive Structure
Table 7: Global: Vinyl Ester Market: Key Players


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Key Questions Answered in This Report

The global vinyl ester market was valued at US$ 1.01 Billion in 2021.

We expect the global vinyl ester market to exhibit a CAGR of 4.10% during 2022-2027.

The extensive utilization of vinyl ester for formulating pipes, tanks, paints and coatings, etc., as it offers enhanced strength, low shrinkage, exceptional adhesion, improved durability, and long-term performance, is primarily driving the global vinyl ester market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of numerous end-use sectors for vinyl ester.

Based on the type, the global vinyl ester market has been segmented into Bisphenol A Diglycidyl Ether (DGEBA), Epoxy Phenol Novolac (EPN), brominated fire retardant, and others. Among these, Bisphenol A Diglycidyl Ether (DGEBA) type currently represents the largest market share.

Based on the application, the global vinyl ester market can be bifurcated into pipes and tanks, paints and coatings, transportation, pulp and paper, and others. Currently, pipes and tanks account for the majority of the total market share.

On a regional level, the market has been classified into North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America, where North America currently dominates the global market.

Some of the major players in the global vinyl ester market include 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.

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