Global Vinyl Ester MarketPosted by Rupali Dagade on November 12th, 2019 Global Vinyl Ester Market was valued at US$ 861.5 Mn in 2017 and is expected to reach US$ 1289.2 Mn by 2026, at a CAGR of 5.17 % during a forecast period.
The major growth drivers for vinyl ester market are growing infrastructural investments, increase in request for corrosion resistance materials followed by rehabilitation of old and new infrastructural projects. Growing environmental awareness has also resulted in the improved use of vinyl ester in various FGD applications.
In addition, increasing use of vinyl ester in railways and mass transit are other factors boosting the request of this market during the forecast period. Trend shows that growing application of vinyl ester in pipes & tanks in various end-use industries that includes water & wastewater and chemicals is also expected to propel the growth of vinyl ester globally. Increasing application in marine industry is another factor bolstering the market development and hence manufacturers are focusing on developing new vinyl ester products for marine applications.
Based on end use segment, the pipes & tanks segment are expected to hold largest market share during forecast period. Vinyl ester is used in high-temperature formulations, like chemical storage vessels and chemical reactors. It is also used in electro-refining tanks and as topcoats for metal containers.
Based on type segment, Bisphenol A vinyl ester resins are used in a host of chemical applications and FGD processes because of their corrosion resistance property. The marine industry mostly uses vinyl ester resins as barrier coats, gel coats, and in the main composite body of ships.
In terms of region, Asia Pacific is projected to be the fastest-growing market for vinyl ester during the forecast period, because of the high request from the various industries in China, like water & wastewater treatment, chemical, pharmaceutical, food processing, and transportation. Environmental regulations on harmful emissions have also increased the demand for FGD systems, which use vinyl ester linings for protection from corrosion.
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Scope of Global Vinyl Ester MarketGlobal Vinyl Ester Market, by Type• Bisphenol A
• Novolac
• Brominated Fire Retardant
• Elastomer Modified
• Others
Global Vinyl Ester Market, by End Use• Pipes & Tanks
• Marine
• Wind Energy
• FGD & Precipitators
• Building & Construction
• Land Transportation
• Aerospace & Defense
• Others
Global Vinyl Ester Market, by Region• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key Players Operating in Global Vinyl Ester Market• Ashland
• Interplastic Corporation
• Reichhold
• Sino Polymer Co.,
• Swancor Holding
• AOC
• Showa Denko
• Polynt
• Aliancys
• Scott Bader Company
• Allnex
• Hexion
• Poliya Composite Resins and Polymers
• DIC Material
• Nivitex Fibreglass and Resins
• Changzhou Tianma Group
• Mechemco
• Ece Boya Kimya
• Andara
• Orca Composites
• Polymer Products (Phil.)
• Refnol Oil Refineries
• Satyen Polymers
• ITW Spraycore
• WEE Tee Tong Chemicals
• Pliogrip Resins & Chemicals
• Crest Composites and Plastics
• Revex Plasticizers
• Resoltech
• Protective Industrial Polymers
• Helios Group
• Advance Coatings
• Arjay Technologies
• Boytek.
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