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Global Vinyl Ester Resins Market Insight 2022-02-14 Comments

The Vinyl Ester Resins is forecast to crazy over the next few years. According to WK-chem Research, “Global Vinyl Ester Resins Professional Survey Report 2022, Forecast to 2027”, The Vinyl Ester Resins industry is growing rapidly with the increasing consumer demand. The compound annual growth rate (CAGR) for the 2022-2027 period is projected to be 4.8% base on WK-chem Research regression analysis model.
Analysts’ Viewpoint:
“Vinyl ester has many physical advantages, including increased strength and corrosion resistance. As such, it is a favorite among many others. It has low viscosity and resistance to water absorption. It provides greater strength and mechanical strength than other materials performance.” said Eva Joy, Senior analyst, Chemical & Materia Market Research Center in WK-chem Research.
Market insight:
The main factors driving the market research are the increasing applications in the manufacture of fiber reinforced plastic tanks and containers, and in the manufacture of corrosion resistant equipment. The growing application in flue gas desulfurization is expected to present various opportunities for the market growth studied over the forecast period. In the chemical industry, equipment such as tanks, vessels and pipes made of vinyl esters are used to resist corrosion, thereby extending the life of the equipment. On the other hand, the impact of COVID-19 is hindering the growth of the studied market.
Competition Landscape:
The vinyl ester market is partially consolidated with key players holding a significant share. The top five players account for more than 60% of the overall market. Some of the key players include Polynt, INEOS, DIC CORPORATION, Interplastic Corporation, SHOWA DENKO KK and Swancor, among others. In February 2020, Cristex announced that it had entered into an agreement to distribute the Poliya range of specialty polyester resins to the UK market. This will help the company strengthen its presence in the UK market. In September 2019, INEOS announced the completion of the acquisition of the entire composites business from Ashland Global Holdings Inc. The acquisition also includes the BDO plant in Germany. The businesses included in the transaction have combined annual sales of more than $1.1 billion.
Segmentation of Vinyl Ester Resins Market:
By type, bisphenol A vinyl ester, phenolic vinyl ester, and brominated vinyl ester resins are the primary resin chemicals used in different end-use industries. The bisphenol A diglycidyl ether (DGEBA) segment is expected to be the largest segment in the vinyl ester market. Bisphenol A vinyl ester resins are used in many chemical applications and FGD process resistance properties due to their corrosion. The marine industry primarily uses vinyl ester resins for barrier coatings, gel coats, and body composites for ships.
By application, vinyl ester resins include piping and storage tanks, paints and coatings, transportation, pulp and paper, etc. The piping and storage tank segment accounts for approximately the majority of the vinyl ester market share. Vinyl esters are used in high temperature formulations such as chemical storage vessels and chemical reactors. It is also used in topcoats for electrolytic refining tanks and metal containers. Paints and coatings are expected to witness the highest growth over the forecast period, supported by rising infrastructure spending.
Vinyl Ester Resins Market: Regional Analysis:
By region, the global market can be segmented into North America, Asia Pacific, Europe, Middle East & Africa, and Latin America. Asia Pacific is expected to remain the largest market for vinyl ester resins due to huge economic growth in China and India market. Asia Pacific is also expected to witness the highest growth over the forecast period owing to increasing demand for corrosion-resistant pipes and storage tanks, as well as increasing investments in the construction and industrial sectors.
Cagr: 4.8%
Largest share area: Asia Pacific
Largest share country:China
Product Type: Bisphenol A Vinyl Ester, Phenolic Vinyl Ester, and Brominated Vinyl Ester Resins
Application: Pipes and Tanks, Paints and Coatings, Transportation, Pulp and Paper, etc.
Leading Company: Polynt, INEOS, DIC CORPORATION, Interplastic Corporation, SHOWA DENKO KK