Vinyl Ester Market Growth, Size, Share, Trends, and Forecast 2032

Vinyl Ester Market Insights

According to Zion Market Research, the global Vinyl Ester Market was worth USD 1340.38 Million in 2023. The market is forecast to reach USD 2425.13 Million by 2032, growing at a compound annual growth rate (CAGR) of 6.81% during the forecast period 2024-2032.

The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Vinyl Ester industry over the next decade.

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Vinyl Ester Market: Overview

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.

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Vinyl Ester 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.

Vinyl Ester Market: Segmentation

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.

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.

Vinyl Ester Market: Report Scope

Vinyl Ester Market: Regional Insights

North America To Capture Major Market Share Over 2024–2032

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.

Vinyl Ester Market: Competitive Space

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
• Hexion Inc.
• And Others

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 America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa