Vinyl Ester Market projected to hit $2.1 billion by 2030 according to a new research report
As per Zion Market Research, Vinyl Ester Market: Global Opportunity Analysis and Industry Forecast, 2021–2030". The report projects the global vinyl ester industry to reach $2.1 billion by 2030. with a noteworthy CAGR of 6.5% from 2021.
Increase In Requirement For FGD Installation To Factors Power The Growth Of Vinyl Ester Market
Increase in requirement for FGD (flue gas desulfurization) installation due to the rise in regulations on harmful emissions and environmental concerns along with development in requirement for corrosion resistant substances are factors powering the growth of vinyl ester market. Primary applications in the FGD process of vinyl ester resins comprise stack liners and slurry piping. These resins can be employed in flake glass lining systems and in retrofit & new FGD applications. In addition to this, rise in infrastructure spending is powering the vinyl ester market. Constant requirement for vinyl ester in water & wastewater and chemical treatment end-use sectors is also powering the growth of vinyl ester market.
Bisphenol-A Predicted To Be The Primary Category During The Forecast Period For The Market
On the basis of type, the global market for vinyl ester can be divided into elastomers, Bisphenol A, brominated fire retardants, and novolac. Bisphenol-A is predicted to be the primary category during the forecast period for the market, led by its chemical resistance properties and mechanical properties at relatively lower price. On the other hand, the novolac category is expected to grow at a quick speed in the years to come due to its superior solvent resistance, outstanding resistance to oxidizing acids, and enhanced heat resistance.
FRP Predicted To Add Up For Major Share Of The Market During The Forecast Period
Based on end-use sector, the vinyl ester market can be segmented into aerospace & defense, pipes & tanks, wind energy, marine, FGD & precipitators, water pipes, land transportation, fiber reinforced plastic (FRP), paints & coatings, building & construction, and others. FRP is predicted to add up for major share of the market due to the rise in requirement for corrosion resistance and lightweight tank & pipe goods in old and new infrastructure rehabilitation projects.
North America To Be The Major Area For The Vinyl Ester Market During The Forecast Period
North America is the major area for the vinyl ester market owing to the existence of established water, chemicals, and automotive companies in the area. Asia Pacific is amongst the quick developing areas of the vinyl ester market due to the increment in requirement for vinyl ester in up-and-coming nations such as Japan, China, and India led by growth and urbanization in the manufacturing sector.
Major players active in the vinyl ester market comprise -
- Advance Coatings Company
- AOC International
- Arjay Technologies Inc.
- Allnex
- Changzhou Tianma Group Company Limited
- Ashland Global Holdings Inc.
- DIC Material
- Crest Composites and Plastics
- ITW Spraycore
- Hexion Inc.
The global vinyl ester market is segmented as follows:
By Type
- Bisphenol A
- Novolac
- Brominated Fire Retardant
- Elastomer Modified
- Others
By End Use:
- Pipes & Tanks
- Marine
- Wind Energy
- Water Pipes
- FGD & Precipitators
- Building & Construction
- Land Transportation
- Aerospace & Defense
- Others
By Region
- North AmericaThe U.S.Canada
- EuropeFranceThe UKSpainGermanyItalyRest of Europe
- Asia PacificChinaJapanIndiaSouth KoreaSoutheast AsiaRest of Asia Pacific
- Latin AmericaBrazilMexicoRest of Latin America
- Middle East & AfricaGCCSouth AfricaRest of Middle East & Africa
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