Vinyl Ester Market Growth, Share, Forecast, Size, Overview, Analysis, Overview,
Posted by Mangesh Mahajan on February 19th, 2020
“Market Research Future Published a Half-Cooked Research Report on Vinyl Ester Market Research Report – Forecast Till 2023”
Vinyl Ester is a hybrid form of polyester resin which is used in the oil and gas industry. These compounds are strengthened by the addition of epoxy resin. These resins are chemical and thermal resistant and prevent water absorption as well it prevents corrosion. Furthermore, vinyl ester has high resistance to vibrational forces. Moreover, increasing application of vinyl ester in lining flue gas desulphurization add fuel to the growth of the market. Owing to the chemical and thermal resistance characteristics of vinyl ester resin, it is used in the manufacturing of pipes and tanks, blades of a wind turbine, and yacht manufacturing. It further reduces the maintenance cost using composites to replace other materials. Growing adoption of wind energy is being adopted as an important source of green energy by many developing countries, which is likely to boost the market growth over the review period.
The Global Vinyl Ester Market Growth is segmented on the basis of product type, end use industry, and region. Based on the fiber type, the market is divided into bisphenol a, brominated vinyl ester, vinyl ester modified, and others. On the basis of the end use industry, the global vinyl ester composite market is segmented onto pipes & tanks, marine, wind energy, oil & gas, aerospace, construction, and others. Geographically, the markets is divided into five key regions namely Asia Pacific, North America, Europe, Latin America, and Middle East & Africa.
The Global Vinyl Ester Market consist of five key regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Asia Pacific holds the major share of the global vinyl ester market. The region accounts for over 25% share of the global vinyl ester composites market. India, Japan, and China are the major contributors to the growth of this region. The oil & gas, and wind energy sector is growing at the highest CAGR in this region owing to the huge investment by India and China in oil exploration and refining and renewable energy. Moreover, vinyl ester is used to produce reinforced glass fiber, which is also used to produce house building components such as roofing laminate, door surrounds, over-door canopies, window canopies and dormers, and chimneys.
North America is a substantial region in the global vinyl ester market, after Asia Pacific. The U.S. is the largest market in this region owing to the presence of well-established end-use industries such as the marine industry. Increasing production of yachts and ships leads the growth of the marine industry. Since vinyl ester is resistant to water degradation, it prevents the entry of water into the ships and yachts. This, in turn, is expected favor market of vinyl ester composite in this region.
Europe is following North America in the global vinyl ester composite market. Major contributors to the regional market in this region are the U.K, France, Germany, and Italy. Aerospace and automotive industries in Europe are the major consumers of vinyl ester used in the manufacturing of reinforced fiber glass in this region, which is driving the growth of the regional market. Latin America is witnessing a steady growth of the end use industries in countries namely Brazil and Argentina. The marine industry in Brazil is estimated to gain a substantial momentum during the forecast period. In the coming years, the opportunities for vinyl ester material are expected to grow in the Middle East & African region due to rising end-use industries namely building & construction.
Browse key industry insights spread across 140 pages with 33 market data tables and 12 figures & charts from the report, “Vinyl Ester Market: by product type (Bisphenol A, Brominated Vinyl Ester, Vinyl Ester Modified and others), end-use industry (Pipes & Tanks, Marine, Wind Energy, Oil & Gas, Aerospace, and Construction), by region till 2023” in detail along with the table of contents: https://www.marketresearchfuture.com/reports/vinyl-ester-market-4848
Like it? Share it!
About the AuthorMangesh Mahajan
Joined: July 17th, 2019
Articles Posted: 502
More by this author