Market Overview 2022-2027
The latest research study “Vinyl Ester Market Analysis: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that 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.
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.
Industry Definition and Application:
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).
Global 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. 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.
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|Vinyl Ester Market Report Scope|
|Market size value in 2021||US$ 1.01 Billion|
|Market forecast in 2027||US$ 1.3 Billion|
|Growth Rate||CAGR of 4.10% from 2022 to 2027|
|Base year for estimation||2021|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
|Segments covered||Type, Distribution Channel, Application and Region|
|Regional scope||North America, Europe, Asia-Pacific, Latin America, Middle East and Africa|
|Key companies profiled||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.|
|Market Dynamics||Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,|
|Customization preview||If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.|
The report has been segmented the market into following categories:
Breakup by Type:
- Bisphenol A Diglycidyl Ether (DGEBA)
- Epoxy Phenol Novolac (EPN)
- Brominated Fire Retardant
Breakup by Distribution Channel:
Breakup by Application:
- Pipes and Tanks
- Paints and Coatings
- Pulp and Paper
- North America
- United States
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
List of Major Key Players:
The major players in the market are 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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