Press release
What Are The Factors Driving The Vinyl Ester Market Growth By 2025? | Interplastic Corporation, Hexion Inc., Ashland, Showa Denko America, Scott Bader Co. Ltd
Vinyl Ester Market
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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Consistent demand for chemical resistant pipes and tanks for chemical manufacturing, storage and supply will strengthen the vinyl ester market, which recorded earnings of more than USD 1 billion in 2017 globally. In addition to being suitable for linings in steel and concrete tanks, pipes and other enclosures, these materials can be used in the fabrication of FRP pipes and storage tanks as well. The growing chemical sector will boost the utilization of high performance storage tanks and fuel the expansion of the vinyl ester industry. Citing an example to demonstrate the growth potential of the chemicals segment, Wanhua Chemical has recently announced it would be constructing a USD 1.25 billion chemical manufacturing facility in Louisiana, U.S.
Wanhua’s new plant would be producing methylene diphenyl diisocyanate, which is applicable to various industries, and the construction is expected to be completed by 2021. A facility of this size would require several storage tanks as well as a vast network of chemical and corrosion resistant pipes. As other chemical giants look to expand their businesses and undertake similar projects, the vinyl ester market will be presented with immensely lucrative growth prospects. Petrochemical producers also cater to large number of industry segments and require reliable storage tanks having exceptional performance characteristics.
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
Leading petrochemical company, Saudi Aramco, had unveiled in April 2018 its plants to establish a multi-billion dollar chemical facility in Texas and had indicated expansion of its existing operations in the U.S. Separately, the Asia-Pacific (APAC) region is also bursting with capital inflow and investments directed towards industrial development, which includes the chemicals segment. Global chemical industry revenues were estimated to be around USD 3,830 billion in 2016, out of which China contributed approx. USD 1,517 billion in sales of chemicals. Evidently, APAC represents a major vinyl ester market and also held the dominant share the previous year.
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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.
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
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.
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:
https://www.gminsights.com/industry-analysis/vinyl-ester-market
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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
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Email: sales@gminsights.com
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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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