Global Vinyl Ester market, which is slated to accrue revenue worth 1169.30 (USD Million) by 2026, is set to record the CAGR of nearly 6.3% over the period from 2020 to 2026.
The global Vinyl Ester market, which is slated to accrue revenue worth 1169.30 (USD Million) by 2026, is set to record the CAGR of nearly 6.3% over the period from 2020 to 2026. The report offers assessment and analysis of the Vinyl Ester market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, sales estimates, opportunities, evolving trends, and industry-validated data. The report offers historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Million).
Vinyl ester are the kind of esters or monomers that are extracted from vinyl alcohol and few of the best examples of these vinyl esters are vinyl acetate, vinyl laurate, and vinyl propionate. Moreover, the compound is produced through epoxy resin esterification through methacrylic or acrylic. It can also be termed as a hybrid polyester resin type and its chemical & thermal resistance is more than conventional polyester resins.
Furthermore, the compound is utilized as the best substitute for both epoxy materials and polyester due to their higher impact resistance feature. In addition to this, vinyl ester imparts high strength & mechanical features as compared to other compounds and possesses huge rust resistance. Apart from this, the compound is less viscous and has the ability to resist absorption of water.
Market Growth Factors
Vinyl ester finds a slew of applications in paint & coatings, pipes & tanks, transport, and construction sectors and this will drive the market growth over the coming years. Apart from this, escalating demand for deployment of flue gas desulfurization with the view to control environmental degradation and due to enforcement of strict laws on hazardous GHG emissions will drive the market growth. Apparently, rise in the usage of the product in flake glass lining and retrofit FGD processes will steer the market trends. In addition to this, massive use of the compound in wastewater treatment as well as water treatment activities will crop up the market expansion over the estimated timeline. A prominent bulge in the infrastructural funding will transform into huge need for vinyl ester over the forthcoming years.
North America To Capture Major Market Share Over 2020-2026
The growth of the market in the sub-continent during the forecast period can be credited to humungous presence of key chemical manufacturers and automotive players in the countries like U.S. In addition to this, production of ships & yachts on large-scale will translate into huge popularity of vinyl ester in the region, thereby driving the business growth in North America. Thriving marine activities in the countries like Canada and the U.S. will help the industry flourish in sub-continent of North America.
Key players profiled in the market include Ashland Global Holdings Inc., Advance Coatings Company, Inc., Changzhou Tianma Group Company Limited, ITW Spraycore, AOC International, Arjay Technologies Inc., Allnex, DIC Material, Crest Composites and Plastics, and Hexion Inc.
The global vinyl ester market is segmented as follows:
By End Use:
Vinyl ester finds a slew of applications in paint & coatings, pipes & tanks, transport, and construction sectors and this will drive the market growth over the coming years.
The CAGR of the industry is expected to be nearly 6.3% during the forecast timeline.
North America will contribute remarkably towards the global market share over the estimated timeline.