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Vinyl ester market Growth in Europe, Impact Covid19 and Top key players like Swancor Holding, Mechemco, Nivitex, ALIANCYS AG, Showa Denko, Hexion, DIC Material

vinyl ester market

vinyl ester market

Vinyl ester market to be fueled by increasing deployment of wind energy facilities, Europe to emerge as a pivotal revenue pocket. In 2017, Europe marked a growth of 25% in the wind power plant capacity annual installation as compared to 2016. Whereas wind energy was the second-largest source of power generation power in the year 2016 in Europe. Nations worldwide are actively aligning their focus toward the deployment of wind energy systems for fulfilling their energy need. This trend has in turn supported the growth of vinyl ester market.

Meanwhile, Asia Pacific vinyl ester market is expected to record 7% CAGR by 2025. The thriving shipbuilding sector in China and Europe have stimulated the demand for vinyl ester in the marine applications.

Global vinyl ester market size will hit US$1.7 billion in yearly revenues by 2025. Pulps and paper industry has witnessed considerable growth and changes over the past several years and has showcased tremendous demand for vinyl ester-based fiber-reinforced plastics. The resin is known to resist corrosive chemicals and serve as an alternative to the conventional metals and coatings for the process fluid surroundings in the pulp and paper industry.

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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.

Growing shift toward renewable energy generation coupled with favorable wind speeds at the ocean coasts has been fostering the deployment of offshore wind farms. These energy generation establishments are constantly exposed to the corrosive ocean water, which will fuel the acceptance of Vinyl ester resins in order to offer protection to the structures and components immersed in the water.

The robust development of wind energy sector is anticipated to positively impact the vinyl ester market share in coming years. For instance, as per WindEurope, wind power capacity annual installations witnessed a significant rise of 25% during 2016-2017.

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Major key players in the market are Swancor Holding, Mechemco, Nivitex, ALIANCYS AG, Polynt-Reichhold Group, Ashland, Interplastic Corporation, Sino Polymer Co. Ltd, Showa Denko, Scott Bader Company, Hexion, DIC Material.

Based on product, Novolac type vinyl ester market is expected to record 6% CAGR in the forthcoming years. The product has better density than bisphenol A variant and offers better resistance towards liquid environment.

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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
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About Global Market Insights
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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