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Worldwide Vinyl Ester Market 2019 Growth Analysis, Opportunities and Forecast To 2025 | by Top Key players Ashland, Showa Denko America, Interplastic Corporation, Hexion Inc., Scott Bader Co. Ltd
Vinyl Ester Market
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vinyl ester market in Asia Pacific had the massive market share with estimated gains close to 7% CAGR by 2025. Emergence of South Korea and China as leading forces in shipbuilding sector will be a significant factor encouraging demand for vinyl ester in marine applications by 2025. North America is projected to have gains up to CAGR 6% during the forecast years. Growth aspects from regional oil & gas industry, construction sector and recreational boating culture will have strong potential for vinyl ester market by 2025.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Swancor Renewable Energy Co., Ltd.
2. Mechemco Industries - India
3. Nivitex Fibreglass & Resins
4. Polynt-Reichhold Group
5. Aliancys
6. Interplastic Corporation
7. Ashland
8. Sino Polymer Co., Ltd.
9. Showa Denko America
10. Hexion Inc.
11. Scott Bader Co. Ltd
12. DIC India Limited
With fiberglass fortification, vinyl esters have been fabricated into lightweight and corrosion-resistant piping, tanks, ductwork, hoods, scrubbers, etc. In addition to these characteristics, vinyl esters solutions cost less than stainless steel as well as exotic alloys in pipes & tanks applications. Unlike metals, the product is unaffected by crevice corrosion or chloride stress and are resistant to pH extremes at both ambient and elevated temperatures. Vinyl ester market will observe substantial growth in pipes & tanks applications for instance, fabrication of fiber-reinforced plastic storage tanks, ducts, vessels, on-site maintenance projects, etc. during forecast years.
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The overall industry was led by bisphenol A vinyl esters in 2017 and will continue the similar trend. With crosslinking density higher than bisphenol A variant, Novolac type vinyl esters show better resistance towards liquid environment. Novolac segment will observe growth with CAGR more than 6% in the next seven years.
In 2017, pipes & tanks accounted for highest share more than 40% in vinyl ester market. The product will mark a steady demand for its use in electro-refining tanks, in the topcoats for the metal containers, in chemical reactors and storage vessels. The escalating demand for corrosion resistant pipes & tanks will bolster market during the forecast years.
Product By Application
o Bisphenol A
• Pipes & Tanks
• Marine
• Wind Energy
• FGD & Precipitators
• Pulp & Paper
• Others
o Novolac
• Pipes & Tanks
• Marine
• Wind Energy
• FGD & Precipitators
• Pulp & Paper
• Others
o Brominated Fire Retardant
• Pipes & Tanks
• Marine
• Wind Energy
• FGD & Precipitators
• Pulp & Paper
• Others
o Others
• Pipes & Tanks
• Marine
• Wind Energy
• FGD & Precipitators
• Pulp & Paper
• Others
By Application
• Pipes & Tanks
• Marine
• Wind Energy
• FGD & Precipitators
• Pulp & Paper
• Others
The escalations in wind energy sector will support the vinyl ester market growth in coming years. As per a 2017 publication by WindEurope, Europe marked a surge of 25% in wind power capacity annual installations in contrast to the same in year 2016. Wind energy was observed to be the second largest form of power generation in Europe, surpassing coal, in 2016.
Key industry players in vinyl ester market consist of: Swancor Holding, Showa Denko, Sino Polymer Co., Ltd., Ashland, Interplastic Corporation, ALIANCYS AG, etc. Upsurge in raw material costs are likely to result in product price hikes, thereby depicting a highly competitive scenario in the future years.
Browse key industry insights from the report, “Vinyl Ester Market Forecast, 2018 – 2025” in detail along with the table of contents:
www.gminsights.com/industry-analysis/vinyl-ester-market
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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