Global Vinyl Ester Market Size To Worth USD 2.19 Billion by 2033 | CAGR Of 6.38%
Category: Chemicals & MaterialsGlobal Vinyl Ester Market Size To Worth USD 2.19 Billion by 2033
According to a research report published by Spherical Insights & Consulting, the Global Vinyl Ester Market Size is Expected to Grow from USD 1.18 Billion in 2023 to USD 2.19 Billion by 2033, at a CAGR of 6.38% during the forecast period 2023-2033.
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Browse key industry insights spread across 210 pages with 100 Market data tables and figures & charts from the report on the "Global Vinyl Ester Market Size, Share, and COVID-19 Impact Analysis, By Type (Bisphenol-A, Novolac, Brominated Fire Retardant, and Others), By Application (Pipes & Tanks, Marine, Wind Energy, FGD & Precipitators, Pulp & Paper, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Detailed Report Description Here: https://www.sphericalinsights.com/reports/vinyl-ester-market
The vinyl ester market refers to the commercial industry associated with the production and sale of vinyl resin. Vinyl ester is a type of thermosetting polymer produced by combining an epoxy resin with monocarboxylic acid and used in a variety of applications such as marine, chemical, and aerospace industries. Increased installation of wind turbines, along with growing research and development for durable and lightweight composites, is expected to offer lucrative market opportunities for the vinyl ester market. The increasing installation of flue gas desulfurization (FGD) systems owing to the rising environmental concerns and stringent regulations on hazardous emissions is propelling the market demand for vinyl ester. On the contrary, fluctuations in raw material prices and the low shelf life of vinyl ester are challenging the market for vinyl ester.
The bisphenol-A segment dominated the vinyl ester market and is anticipated to witness the fastest CAGR growth during the projected timeframe.
Based on the type, the vinyl ester market is classified into bisphenol-A, novolac, brominated fire retardant, and others. Among these, the bisphenol-A segment dominated the vinyl ester market and is anticipated to witness the fastest CAGR growth during the projected timeframe. Bisphenol A vinyl ester finds application in wastewater treatment systems, scrubbers, ducts, fume gas desulfurizing systems (FGD), pipes, and chemical storage tanks. The mechanical and chemical resistance property of bisphenol-A as well as its relatively cheaper cost is responsible for driving the market growth.
The pipes & tanks segment dominated the market with the largest revenue share of 61.45% and is expected to grow at the fastest CAGR during the forecast period.
Based on the application, the vinyl ester market is classified into pipes & tanks, marine, wind energy, FGD & precipitators, pulp & paper, and others. Among these, the pipes & tanks segment dominated the market with the largest revenue share of 61.45% and is expected to grow at the fastest CAGR during the forecast period. Vinyl ester resins’ strength, durability, and resistance to chemicals make them ideal for use in the construction of pipelines and tanks. The requirement for long-lasting, corrosion-resistant pipes and tanks in the construction, water management, and chemical processing sectors is driving the market.
North America is estimated to hold the largest share of the vinyl ester market over the forecast period.
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North America is estimated to hold the largest share of the vinyl ester market over the forecast period. The expanding wind power and an increasing number of industrial uses of vinyl ester in construction, chemical processing plants, and the marine (yacht) industry are augmenting the market growth. The presence of major chemical and automotive manufacturers in countries like the United States is contributing to driving the market for vinyl ester. In addition, strong industrialization and an advantageous manufacturing environment in the region are anticipated to promote the market.
Asia Pacific is predicted to grow at the fastest CAGR in the vinyl ester market over the forecast period. The strong demand for vinyl ester in key industries including marine, water and wastewater treatment, chemical, wind, pharmaceutical, food processing, and transportation is driving the market expansion. The major growth in the shipbuilding powers sector across nations like China and South Korea is significantly driving the market expansion in the region.
Major key players in the global vinyl ester market include INEOS, Polynt, AOC, Sino Polymer Co. Ltd., SWANCOR, Bkdj Polymers India, DIC CORPORATION, Interplastic Corporation, Poliya, Resonac Holdings Corporation, Scott Bader Company Ltd., SHOWA DENKO K.K, Swancor, Reichhold LLC, BUFA Composites, Allnex GmbH, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Developments
- In April 2023, BÜFA and AOC are expanding their existing collaboration in distribution to Southeast Europe through BÜFA Composites Austria. This agreement would enable customers in the region to have better access to a broad range of quality resins, gelcoats and auxiliary materials.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the vinyl ester market based on the below-mentioned segments:
Global Vinyl Ester Market, By Type
- Bisphenol-A
- Novolac
- Brominated Fire Retardant
- Others
Global Vinyl Ester Market, By Application
- Pipes & Tanks
- Marine
- Wind Energy
- FGD & Precipitators
- Pulp & Paper
- Others
Global Vinyl Ester Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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