Vinyl Ester Market Size, Top Global Key Players Analysis till 2023- Showa Denko K.K., Reinhold GmbH, AOC LLC, Scott Bader Company Ltd., Polynt S.P.A.

Market Overview:

Vinyl Ester is a hybrid form of polyester resin which is used in the oil and gas industry. These compounds are strengthened by the addition of epoxy resin. These resins are chemical and thermal resistant and prevent water absorption as well it prevents corrosion.

Furthermore, vinyl ester has high resistance to vibrational forces. Moreover, increasing application of vinyl ester in lining flue gas desulphurization add fuel to the growth of the market. Owing to the chemical and thermal resistance characteristics of vinyl ester resin, it is used in the manufacturing of pipes and tanks, blades of a wind turbine, and yacht manufacturing. It further reduces the maintenance cost using composites to replace other materials. Growing adoption of wind energy is being adopted as an important source of green energy by many developing countries, which is likely to boost the market growth over the review period.

The global aerospace & defense market is growing at highest CAGR on account of increasing demand for petroleum products in oil & gas industry. This is expected to continue throughout the forecast period to propel the growth of the global vinyl ester market. Additionally, they are free from volatile organic compounds (VOC’s). However, high cost may slow the growth of the global market.

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Major Key Players:
The Major Players operating in the Vinyl Ester Market are:

• Ashland Global Holdings Inc. (U.S.),
• Interplastic Corporation (U.S.),
• Reinhold GmbH (Germany),
• Sino Polymer New Materials Co. Ltd. (China),
• Swancor Holding Co. Ltd. (China),
• AOC LLC (U.S.),
• Showa Denko K.K. (Japan),
• Polynt S.P.A. (Italy),
• Scott Bader Company Ltd. (U.K),
• Allnex Group (Germany)

Market Segmentation:
The Global Vinyl Ester Market is categorized on the basis of Type, End Use Industry:

On The Basis Of Type-
• Bisphenol A,
• Brominated Vinyl Ester,
• Vinyl Ester Modified
On The Basis Of End Use Industry-
• Pipes & Tanks,
• Marine,
• Wind Energy,
• Oil & Gas,
• Aerospace,
• Construction

Regional Analysis:
Geographically, Vinyl Ester Market is segmented across Five Regions in the world namely:

• Asia Pacific,
• North America,
• Europe,
• Latin America,
• Middle East & Africa.

Asia Pacific is the largest market owing to the growth of the oil & gas and wind industry. India, Japan and China are the major markets in this region on accounts of an increasing investment in oil & gas and wind energy sectors.

The U.S. is the largest market in this region owing to the presence of well-established end use industries such as the marine industry. Increasing production of yachts and ships drive the growth of the marine industry in this region. Since vinyl ester is more resistant to water degradation, it prevent the entry of water into the ships and yachts. This, in turn, is expected favor the demand for vinyl ester composite in this region.

The U.K, France, Germany, and Italy are major contributor to the market growth. The aerospace and automotive industries in Europe are the major consumers of vinyl ester, which is used in the manufacturing of reinforced fiber glass in this region.

Latin America is witnessing a steady growth in countries namely Brazil and Argentina. In the coming years, the opportunities for vinyl ester material are expected to boost the growth of the Middle East & African market due to rising end use industries namely building & construction which would help propel the growth of the regional market.

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