Press release
Vinyl Ester Market (covid-19 impact) to see 6% CAGR over 2020-2025 | Ashland, Hexion Inc., Interplastic Corporation, Scott Bader Co. Ltd
vinyl ester market
Owing to higher resistance against corrosion and impact as compared to conventional materials, the vinyl ester market has witnessed increasing consumption from the chemicals, energy and marine industries. These segments utilize vinyl esters for coating and protecting equipment, pipes and storage tanks where characteristics like chemical and abrasion, low permeability and reactivity are critical. Although use of these materials by the wind energy segment has been cumulating gradually over the last few years, the vinyl ester industry will continue to amass quite some returns from the chemical processing sector. Applying protective layers on steel and other metal tanks and pipes is a key application of vinyl esters, for ensuring improved performance and countering corrosion challenges.
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The increasing popularity of green energy alternatives especially wind energy for curbing the carbon footprints is also proliferating the demand for vinyl ester on a large scale. Currently, with the rise in per capita income, most of the industry magnates have been investing in the development of private ferries for traveling through inland waterways. The substantial use of vinyl ester for building strong, lightweight, and comfortable ships will have a considerable influence on vinyl ester market.
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
Rapid expansion of shipbuilding sector will positively support vinyl ester market growth in the upcoming future, owing to high demand for several vessels such as tankers, bulkers and mid-range ships and boats. The shipbuilding industry will look to incentivize the anti-corrosion nature of the product. Vinyl ester resins find widespread utilization in marine applications for manufacturing waterproof barriers for boat hulls and other vulnerable components. Surging global trade, coupled with increasing demand for mega-ships is likely to encourage product penetration across the marine applications, thus accelerating vinyl ester market trends.
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.
Top Key players are Swancor Holding, Mechemco, Nivitex, ALIANCYS AG, Polynt-Reichhold Group, Ashland, Interplastic Corporation, Sino Polymer Co. Ltd, Showa Denko, Scott Bader Company, Hexion, and DIC Material.
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