Press release
Vinyl Ester Market will show positive impact from marine industry | By key players Swancor Holding, Mechemco, Nivitex, ALIANCYS AG, Polynt-Reichhold Group, Ashland, Interplastic Corporation
It is worth mentioning that vinyl ester resins are designed more innately vis-à-vis polyester for it is a hybrid form of polyester resin. Moreover, tremendous strength and mechanical properties have made vinyl ester highly desirable among stakeholders.
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Considering the superior cross bonding of vinyl esters, traction for the resin to bond core materials has risen significantly in recent years. With enhanced impact resistance and durability, demand for vinyl ester is expected to surge across applications, including marine, pulp & paper and pipes and tanks.
Trends for bisphenol-A based epoxy vinyl ester resins
The year 2020 and beyond may witness a palpable trend for bisphenol-A based epoxy vinyl ester resins. Given that it provides high chemical resistance and mechanical strength, end-users are showing increased traction for the resin. It is worth noting that the resin has high solvent resistance, chemical resistance, and hydrolytic resistance.
Traction for bisphenol-A based epoxy vinyl ester resin is likely to be witnessed in heavy duty vehicles, chemical containers, defense, and sports equipment.
Growth drivers: Pulp & paper application
Recent years have witnessed strong demand for vinyl ester resins in pulp & paper industry as the resin has earned the reputation of being corrosion-resistant. Prominently, bisphenol based vinyl ester resins are being highly sought-after in pulp and paper industry.
Rising inclination towards vinyl ester in marine industry is also likely to ramp up the production of vinyl ester products. It is worth noting that vinyl ester resins are profoundly being used in the marine space to produce an effective water-resistant barrier for hulls and other parts.
Demand for vinyl ester market will be more pronounced to produce corrosion resistant pipes and tanks, with bisphenol-A gaining traction. Notably, vinyl ester resins have been providing corrosion resistance, increased strength and durability in a slew of applications.
Opportunities in the U.S.
A slew of positive trends has augured well for the stakeholders as the five-year outlook for the vinyl ester market shows positive signs. Optimism in vinyl ester market emanates from thriving marine industry in the U.S.
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Burgeoning interest for vinyl ester market is majorly attributed to soaring ship construction in the U.S. and growing inclination towards unmanned vessels. With shipyards ramping up efforts to build ships, fire boats, tugboats, and ferries, demand for brominated fire retardant and bisphenol-A based vinyl ester resins has surged considerably in the U.S.
APAC market is likely to witness substantial growth of fiber reinforced composites as the demand for vinyl ester resin is on the upswing. Of late, fiberglass reinforced vinyl ester resin products have gained considerable commercial acceptance in a range of applications in India and China.
Challenge: High cost
Polyester may pose challenge to stakeholders as it tends to be cheaper than vinyl esters. Moreover, a degree of water absorption in vinyl ester that weakens the structure does not bode well with the industry growth.
With exceptional durability, vinyl ester market will continue to gain impetus across end-markets. For instance, manufacturers in the marine industry count on vinyl ester when it comes to the construction of high quality yachts.
Related News:
https://www.marketwatch.com/press-release/thermal-spray-coating-market-is-showing-huge-growth-via-automotive-applications-2020-06-05
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