Owing to benefits such as excellent resistance to greater vibrational loads, mechanical resistance, chemical resistance, heat resistance, high tolerance, highly absorbent capabilities, and durability, Vinyl Ester is experiencing rapid adoption as opposed to conventional alternatives such as polyester and epoxy materials, thus fostering the growth of global vinyl ester market
The global Vinyl Ester market is expected to develop USD 2.1 billion by 2030, at a compound annual increase in price (CAGR) of 6.4% throughout the forecast period.
Covid-19 Impact & Market Status
The covid-19 pandemic has disrupted the vinly industry owing to discontinued production facilities, supply chain activities, and decreased demand from marine, manufacturing and other industries due to sudden closures. The pandemic impacted the demand and supply chain network thereby affecting the overall supply chain network around the world. This led to increased transportation costs, delayed shipments, and other disruptions. A similar trend is witnessed across the regions. Additionally, low-income countries experienced more challenges in all the scenarios.
However, the market players in the global vinly ester market are aggressively targeting new opportunities to emerge from the pandemic inflicted growth downturn and reverse the financial vulnerabilities. New working models are being promoted and adopted by market veterans to unravel new growth possibilities. Market participants along with new entrants are also steadily coining ways to sustain the tremendous competition and remodeling business strategies to sustain and face such uncertainties in future.
The main focus of this research report is to study the current state of the industry and pin point latest developments in this area. It report gives a comprehensive view of the recent market developments, regulatory practices, trade scenarios, import export, production analysis, and distribution network study of the global vinly ester market.
Bisphenol A Segment Accounted For Maximum Revenue Crossing Over 50%
The global vinyl ester market is classified based on different product segments namely bisphenol A, novolac, brominated fire retardant, and others. Among these the bisphenol A segment has remained the biggest product segment in terms of revenue, production, and sales due to increasing demand from various industries.
The key factors such as superior physical performance and corrosion resistance properties, high resistance to alkalis & hydrogen peroxide leading to increasing demand in a range of application industries such as manufacturing, refinery piping, marine operations, etc are driving the growth of global vinly ester market.
Marine Segment Held Recorded Maximum Revenue
The global vinyl ester market is classified based on different application segments namely paper, pipes, precipitators, marine, and others. Among these, the marine segment accounted for the largest market share and is projected to hold the highest maximum market share in the forecasted span from 2021 to 2028.
Vinly ester has best elongation properties, high resistance to corrosion, heat, and water absorption among all the resins used in marine applications. These are some key factors driving the growth of the marine segment in the global vinyl ester market.
North America Held Around 25% Total Revenue of Global Vinyl Ester Market
The reason why the region is growing in greater adoption of vinly ester is substantial increase in demand of leisure boats owing to recreational boating activities. Also, waste water treatment plant projects are increasing in the region owing to growing demand for environment friendly activities, increasing industrialisation, and advanced technologies adoption.
The need for corrosion resistance and durable resins for applications such as the marine and manufacturing industry has accelerated the use of vinly ester, leading to a flourishing global vinyl ester market
Rapid end-use applications across industries such as marine, manufacturing, petrochemical, chemical, paper & pulp, pipes, precipitators, and tanks are fostering remarkable progress in the global vinly ester market.
Advantages such as excellent tensile strength, excellent chemical resistance, fast curing, good adhesion have encouraged further adoption of vinly ester. These factors collectively influence the growth of global vinly ester market.
Vinyl ester resins are polymer resins prepared by the esterification of an epoxy resin with acrylic or methacrylic acids. The vinly esters are specifically used where high tensile strength and high resistance is required. Owing to multiple advantages such as excellent resistance to greater vibrational loads, high tolerance, highly absorbent capabilities, and durability, the demand for vinyl ester is increasing locally and internationally.
One unique and most important feature of vinly ester is that it has high chemical resistance and has better physical properties than polyester resins. Factors such as the rising use of vinly ester resins in pipes and tanks, the rapid growth of the marine industry, and increasing wind turbine installations across the world have promoted superlative growth of the global vinly ester market.
However, the global vinly ester market is hampered by many factors such as poor miscibility and poor reactivity of rubber with resin, failure in dealing with highly corrosive materials, limited shelf life, volatility of styrene are significant problems depriving the market growth. Furthermore, the rising demand for corrosion-resistant materials, growing infrastructural investments, marine operations, and current formulations of vinly ester addressing the existing challenges are anticipated to be a growth opportunity for the global vinly ester market.
The prominent leaders, exporters and manufacturers dominant in the global vinly ester market are Scott Bader Company Ltd., VINYL ESTER MARKET TECHNOLOGY, SIR INDUSTRIALE S.p.A., Nivitex Fibreglass and Resins, AkzoNobel, Interplastic Corporation, DIC Corporation, Hexion, Ashland, Inc., Swancor Holding, ALIANCYS AG, and Polynt-Reichhold Group among all other established and emerging players. These companies ensure high quality and efficiency. These companies are active in production, sales, research and development for innovating and addressing gaps existent in current vinly ester products.
These companies have a presence in over four continents, strong distribution networks, and have customers from different industries. The products of these companies are preferred over any other brands in the world.
New working models are being promoted and adopted by market veterans to unravel new growth possibilities. Market participants along with new entrants are also steadily coining ways to sustain the tremendous competition and remodeling business strategies to sustain and face such uncertainties in future
Latest Innovations in the Global Tableware Sauces Market: a Snapshot
- Aliancys the leading global company is taking an integral approach to new product development. The company is working full-fledged with expertise in resin chemistry, material science, and component manufacturing for bringing new applications in composites.
- National Renewable Energy Laboratory (NREL) is exploring new approaches to manufacture advanced wind turbine blades using thermoplastics. The US National Renewable Energy Lab’s new way of manufacturing wind turbine blades improves performance as well as end-of-life recyclability, highlighting the importance of ‘green energy technologies.
Vinyl Ester Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2030||USD 2.1 billion|
|Growth Rate||CAGR of 6.4% during 2021-2030|
|Segment Covered||By Product Type, By End-Use, Regions|
|Regions Covered||North America, Europe, Asia Pacific, South America, Middle East and Africa|
|Key Players Profiled||AO LLC,Ashland global holdings Inc,DIC corporation,INEOS,Inter plastic corporation,Polynt,Reinchhold LLC 2,SHOWA DENKO K.K,Sino polymer Co. Ltd,Swancor|
Key Segments of the Global Vinyl Ester Markets
Product Overview, 2018-2028 (USD Billion)
- Bisphenol A
- Brominated Fire Retardant
Application Overview, 2018-2028 (USD Billion)
Regional Overview, 2018-2028 (USD Billion)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
Middle East and South Africa