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).

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:

• 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.

Report Coverage: