Growth in vinyl ester market poised to be triggered from marine industry

In its latest research report, Global Market Insights, Inc., has projected vinyl esters market size to surpass US$1.7bn by 2025. At the time when durability, strength, and product life have become more important than ever before, vinyl ester resin has become a favorable revenue generating portfolio. Compared to polyesters, vinyl esters tend to be more tolerant of stretching, thereby making them impact resistant.

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.

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.

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Vinyl ester market is observing robust demand on account of widespread applications across several industry verticals. Vinyl esters are used to provide chemical resistance to alkalis, acids, bleaches, and organic compounds. The product exhibits enhanced characteristics like corrosion and temperature resistance and is considered as a better alternative in traditional coating application in the pulp & paper industry.

Generally, paper manufacturing process consists of highly corrosive chemicals and requires specifically designed processing equipment that withstand tough chemical environments. Given to its significance, it is expected that the pulp & paper industry would drive new demand for vinyl ester-based plastic equipment over the forecast period.

Vinyl ester is also extensively used for fabricating industrial structures and equipment including plastic storage tanks, vessels, and ducts. The product is resistive to chloride stress & crevice corrosion and can withstand extreme pH at both elevated and ambient temperature.

Using fiberglass fortification, vinyl esters are fabricated into corrosion-resistant and lightweight tanks, piping, ductwork, hoods, and scrubbers. Moreover, vinyl esters solutions cost less than stainless steel and exotic alloys in pipes & tanks applications.

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Evidently, pipes & tanks segment held a maximum share of 40% in the vinyl ester market. The product is expected to record constant demand owing to its application in electro-refining tanks, chemical reactors, storage vessels, and metal containers. As a result, studies suggest that burgeoning demand for corrosion resistant pipe and tanks may bolster vinyl ester market size in the coming years.

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 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.

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