Enjoy complimentary customisation on priority with our Enterprise License!
The vinyl ester market share is expected to increase by USD 350.65 million from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 3.54%.
This vinyl ester market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers vinyl ester market segmentation by application (pipes and tanks, marine, FGD, wind energy, and others) and geography (APAC, North America, Europe, South America, and MEA). The vinyl ester market report also offers information on several market vendors, including Allnex Netherlands BV, AOC LLC, Ashland Global Holdings Inc., DIC Corp., Hexion Inc., Interplastic Corp., Orca Composites, Reichhold LLC, SHOWA DENKO K.K., and Swancor Holding Co. Ltd. among others.
Download Report Sample to Unlock the Vinyl Ester Market Size for the Forecast Period and Other Important Statistics
The increased demand for corrosion-resistant pipes and storage tanks is notably driving the vinyl ester market growth, although factors such as the threat of substitutes may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the vinyl ester industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Vinyl Ester Market Driver
Increased demand for corrosion-resistant pipes and storage tanks is one of the major drivers of the market in focus. Corrosion resistance is one of the key selling points of vinyl ester resins over conventional materials that are used for the manufacturing of pipes and storage tanks. Vinyl ester resins offer superior chemical resistance, low permeability, abrasion resistance, and flexibility, because of which they are used as matrix materials to fabricate FRP for manufacturing storage tanks and pipes. Vinyl ester resins are prevalent in materials for steel and concrete tank linings, pipe linings, and secondary containment. They are combined with special curing systems to be used as high chemical abrasion-resistant thick films for tank lining services. They are used in pipes and ducting, tanks and storage vessels, and pipelining systems. The increase in demand for underground storage tanks, tanks for corrosive chemicals, pressure-transfer pipes, and effluent management requires special corrosion resin formulations. The FRP pipes and tank installations made of vinyl ester resins are more preferred to conventional materials due to their low cost and corrosion resistance to chemicals, alkalis, and other corrosive materials.
Key Vinyl Ester Market Trend
Increased use of vinyl ester in FRP is one of the key trends for the market in focus. FRP is used in numerous applications that include pulp and paper, power, waste treatment, semiconductor, metals refining, petrochemical, pharmaceutical, and others. FRP made of vinyl ester resins has been replacing conventional materials such as steel, wood, aluminum, and concrete. The flexible nature of vinyl ester produces parts that can withstand high impact and repeated flexing without developing cracks. In addition, FRP composites based on epoxy vinyl ester resins are used in the aerospace and transportation industries due to their lightweight, durability, low density, fire retardancy, corrosion resistance, and high strength. The increased use of FRP in different end-user industries will impact the demand for vinyl ester positively over the forecast period.
Key Vinyl Ester Market Challenge
The threat of substitutes will be a major challenge for the vinyl ester market growth. The presence of substitutes such as polyester resins, polyurethanes, epoxy, phenolic, and other resins poses a challenge to the growth of the global vinyl ester market as these substitutes exhibit similar characteristics as vinyl ester resins. Apart from this, the market faces a challenge from thermoplastic resins, including polypropylene, polyethylene, and polyvinyl chloride. The development of new solutions by thermoplastic and biodegradable resin manufacturers also poses a threat to the global vinyl ester market. The growing need for technological advances to acquire increased durability, stiffness, fuel efficiency, and cost reduction from secondary operations prefer advanced structural materials in the end-use industries. Therefore, the competition from advanced materials, thermoplastic resins, and other thermoset resins for manufacturing end-user industrial products will hamper the growth of the global vinyl ester market.
This vinyl ester market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Technavio categorizes the global vinyl ester market as a part of the global diversified chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the vinyl ester market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the vinyl ester market encompasses successful business strategies deployed by the key vendors. The vinyl ester market is fragmented and the vendors are deploying growth strategies such as developing innovative products and are constantly increasing their R&D investments to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The vinyl ester market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the vinyl ester market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the diversified chemicals market includes the following core components:
The report has further elucidated other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Customer landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
Get the report (PDF) sent to your email within minutes.