Product Code: GVR-4-68040-345-4
Vinyl Ester Market Size & Trends
The global vinyl ester market size was estimated at USD 1.22 billion in 2023 and is projected to grow at a CAGR of 6.42% from 2024 to 2030. The demand for this product is being driven by an increase in the installation of flue gas desulfurization (FGD) systems due to growing environmental concerns and stricter regulations on hazardous emissions.
Vinyl esters are known for their exceptional chemical resistance and are often used as a reliable choice for lining the interior of a Flue Gas Desulfurization System. Moreover, the product demand is substantially propelled by the escalating construction activities, particularly in developing economies, for applications such as pipes, tanks, bridges, and building materials.
Vinyl ester resin is produced by esterifying an epoxy resin with monocarboxylic acid, then dissolving the resulting product in a solvent such as styrene. It is used in various industries and offers increased strength, corrosion resistance, low viscosity, and water absorption resistance.
The marine industry is anticipated to experience significant growth, particularly in ship and boat construction and repair. Approximately 80% of the volume of international trade in goods is transported by sea, with an even higher percentage for most developing countries. Containerization has revolutionized global cargo shipping, bringing about substantial improvements in efficiency. Despite the economic crisis, there is potential for the maritime industry's continued expansion. This resin is often considered an excellent choice in boat construction due to its exceptional durability and long-term performance, thereby boosting its consumption in the ever-growing marine industry.
In addition, the vinyl ester market is benefitting from increased investments in infrastructure. Nonetheless, the market faces challenges from cheaper substitutes and their easy availability. However, the surge in wind turbine installations globally, as well as the expanding product usage in mass transit vehicles and railways, presents opportunities for growth in the global vinyl ester market. The product offers enhanced fatigue resistance and greater overall toughness, contributing to extended durability and reduced weight.
The chemical and petrochemical industries often rely on vinyl ester for its corrosion-resistant properties in storage tanks, pipelines, and processing equipment. As these industries expand to meet the growing demand for chemicals and petroleum products, the demand for vinyl ester resins also increases.
Global Vinyl Ester Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global vinyl ester market report based on type, form, application & region:
- Type Outlook (Volume, Kilotons, Revenue, USD Million, 2018 - 2030)
- Bisphenol-A
- Novolac
- Brominated Fire Retardant
- Others
- Application Outlook (Volume, Kilotons, Revenue, USD Million, 2018 - 2030)
- Pipes & Tanks
- Marine
- Wind Energy
- FGD & Precipitators
- Pulp & Paper
- Other Applications
- Regional Outlook (Volume, Kilotons, Revenue, USD Million, 2018 - 2030)
- North America
U.S.
Canada
Mexico
Germany
UK
France
Italy
Spain
Russia
China
India
Japan
South Korea
Thailand
Indonesia
Australia
Brazil
Argentina
Saudi Arabia
South Africa
UAE
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segment Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3. Vinyl Ester Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Raw Material Trends
- 3.2.2. Manufacturing/ Technology Trends
- 3.2.3. Sales Channel Analysis
- 3.3. Price Trend Analysis
- 3.3.1. Factors Influencing Prices
- 3.4. Regulatory Framework, By Regions
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Industry Challenges
- 3.5.4. Industry Opportunities
- 3.6. Industry Analysis Tools
- 3.6.1. Porter's Five Forces Analysis
- 3.6.2. Macro-environmental Analysis
Chapter 4. Vinyl Ester Market: Type Estimates & Trend Analysis
- 4.1. Type Movement Analysis & Market Share, 2023 & 2030
- 4.2. Bisphenol-A
- 4.2.1. Bisphenol-A Vinyl Ester Market Estimates & Forecast, 2018 to 2030 (USD Million) (Kilotons)
- 4.3. Novolac
- 4.3.1. Novolac Vinyl Ester Estimates and Forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 4.4. Brominated Fire Retardant
- 4.4.1. Brominated Fire Retardant Vinyl Ester Estimates and Forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 4.5. Other Types
- 4.5.1. Other Types Vinyl Ester Estimates and Forecasts, 2018 - 2030 (USD Million) (Kilotons)
Chapter 5. Vinyl Ester Market: Application Estimates & Trend Analysis
- 5.1. Application Movement Analysis & Market Share, 2023 & 2030
- 5.2. Pipes & Tanks
- 5.2.1. Vinyl Ester Market Estimates & Forecast, in Pipes & Tanks, 2018 to 2030 (USD Million) (Kilotons)
- 5.3. Marine
- 5.3.1. Vinyl Ester Market Estimates & Forecast, in Marine, 2018 to 2030 (USD Million) (Kilotons)
- 5.4. Wind Energy
- 5.4.1. Vinyl Ester Market Estimates & Forecast, in Wind Energy, 2018 to 2030 (USD Million) (Kilotons)
- 5.5. FGD & Precipitators
- 5.5.1. Vinyl Ester Market Estimates & Forecast, in FGD & Precipitators, 2018 to 2030 (USD Million) (Kilotons)
- 5.6. Pulp & Paper
- 5.6.1. Vinyl Ester Market Estimates & Forecast, in Pulp & Paper, 2018 to 2030 (USD Million) (Kilotons)
- 5.7. Other Applications
- 5.7.1. Vinyl Ester Market Estimates & Forecast, in Other Applications, 2018 to 2030 (USD Million) (Kilotons)
Chapter 6. Vinyl Ester Market: Regional Estimates & Trend Analysis
- 6.1. Regional Movement Analysis & Market Share, 2023 & 2030
- 6.2. North America
- 6.2.1. North America Vinyl Ester Market Estimates & Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.2.2. U.S.
- 6.2.2.1. Key country dynamics
- 6.2.2.2. U.S. Vinyl Ester Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.2.3. Canada
- 6.2.3.1. Key country dynamics
- 6.2.3.2. Canada Vinyl Ester Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.2.4. Mexico
- 6.2.4.1. Key country dynamics
- 6.2.4.2. Mexico Vinyl Ester Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.3. Europe
- 6.3.1. Europe Vinyl Ester Estimates & Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.2. Germany
- 6.3.2.1. Key country dynamics
- 6.3.2.2. Germany Vinyl Ester Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.3. UK
- 6.3.3.1. Key country dynamics
- 6.3.3.2. UK Vinyl Ester Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.4. France
- 6.3.4.1. Key country dynamics
- 6.3.4.2. France Vinyl Ester Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.5. Italy
- 6.3.5.1. Key country dynamics
- 6.3.5.2. Italy Vinyl Ester Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.6. Spain
- 6.3.6.1. Key country dynamics
- 6.3.6.2. Spain Vinyl Ester Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.7. Russia
- 6.3.7.1. Key country dynamics
- 6.3.7.2. Russia Vinyl Ester Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.7.3.
- 6.4. Asia Pacific
- 6.4.1. Asia Pacific Vinyl Ester Market Estimates & Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.2. China
- 6.4.2.1. Key country dynamics
- 6.4.2.2. China Vinyl Ester Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.3. India
- 6.4.3.1. Key country dynamics
- 6.4.3.2. India Vinyl Ester Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.4. Japan
- 6.4.4.1. Key country dynamics
- 6.4.4.2. Japan Vinyl Ester Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.5. South Korea
- 6.4.5.1. Key country dynamics
- 6.4.5.2. South Korea Vinyl Ester Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.6. Thailand
- 6.4.6.1. Key country dynamics
- 6.4.6.2. Thailand Vinyl Ester Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.7. Indonesia
- 6.4.7.1. Key country dynamics
- 6.4.7.2. Indonesia Vinyl Ester Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.8. Australia
- 6.4.8.1. Key country dynamics
- 6.4.8.2. Australia Vinyl Ester Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.5. Central & South America
- 6.5.1. Central & South America Vinyl Ester Market Estimates & Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.2. Brazil
- 6.5.2.1. Key country dynamics
- 6.5.2.2. Brazil Vinyl Ester Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.3. Argentina
- 6.5.3.1. Key country dynamics
- 6.5.3.2. Argentina Vinyl Ester Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.6. Middle East & Africa
- 6.6.1. Middles East & Africa Vinyl Ester Market Estimates & Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.6.2. Saudi Arabia
- 6.6.2.1. Key country dynamics
- 6.6.2.2. Saudi Arabia Vinyl Ester Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.6.3. South Africa
- 6.6.3.1. Key country dynamics
- 6.6.3.2. South Africa Vinyl Ester Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.6.4. UAE
- 6.6.4.1. Key country dynamics
- 6.6.4.2. UAE Vinyl Ester Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
Chapter 7. Vinyl Ester Market - Competitive Landscape
- 7.1. Recent Developments & Impact Analysis, By Key Market Participants
- 7.2. Key Company Categorization
- 7.3. Company Market Share/Position Analysis, 2023
- 7.4. Company Heat Map Analysis
- 7.5. Vendor Landscape
- 7.5.1. List of Distributors
- 7.6. Strategy Mapping
- 7.7. Company Profiles
- 7.7.1. AOC
- 7.7.1.1. Participant's overview
- 7.7.1.2. Financial performance
- 7.7.1.3. Type benchmarking
- 7.7.1.4. Recent developments
- 7.7.2. Bkdj Polymers India
- 7.7.2.1. Participant's overview
- 7.7.2.2. Financial performance
- 7.7.2.3. Type benchmarking
- 7.7.2.4. Recent developments
- 7.7.3. DIC CORPORATION
- 7.7.3.1. Participant's overview
- 7.7.3.2. Financial performance
- 7.7.3.3. Type benchmarking
- 7.7.3.4. Recent developments
- 7.7.4. INEOS
- 7.7.4.1. Participant's overview
- 7.7.4.2. Financial performance
- 7.7.4.3. Type benchmarking
- 7.7.4.4. Recent developments
- 7.7.5. Interplastic Corporation
- 7.7.5.1. Participant's overview
- 7.7.5.2. Financial performance
- 7.7.5.3. Type benchmarking
- 7.7.5.4. Recent developments
- 7.7.6. Poliya
- 7.7.6.1. Participant's overview
- 7.7.6.2. Financial performance
- 7.7.6.3. Type benchmarking
- 7.7.6.4. Recent developments
- 7.7.7. Polynt
- 7.7.7.1. Participant's overview
- 7.7.7.2. Financial performance
- 7.7.7.3. Type benchmarking
- 7.7.7.4. Recent developments
- 7.7.8. Scott Bader Company Ltd
- 7.7.8.1. Participant's overview
- 7.7.8.2. Financial performance
- 7.7.8.3. Type benchmarking
- 7.7.8.4. Recent developments
- 7.7.9. SHOWA DENKO K.K
- 7.7.9.1. Participant's overview
- 7.7.9.2. Financial performance
- 7.7.9.3. Type benchmarking
- 7.7.9.4. Recent developments
- 7.7.10. Sino Polymer Co. Ltd
- 7.7.10.1. Participant's overview
- 7.7.10.2. Financial performance
- 7.7.10.3. Type benchmarking
- 7.7.10.4. Recent developments
- 7.7.11. Swancor
- 7.7.11.1. Participant's overview
- 7.7.11.2. Financial performance
- 7.7.11.3. Type benchmarking
- 7.7.11.4. Recent developments