Vinyl Ester Market Expected to Reach USD 1.29 Billion by 2029, Growing at a 4.4% CAGR


Posted September 26, 2024 by alex91

Key drivers-The rising demand from the pipes & tanks and marine industries, where its durability, corrosion resistance, and high performance stand out.
 
The global Vinyl Ester Market is projected to grow from USD 1.04 billion in 2024 to USD 1.29 billion by 2029, at a CAGR of 4.4% during the forecast period. This growth is driven by increasing demand from industries such as pipes & tanks and marine. Vinyl ester’s durability, corrosion resistance, and high performance make it an ideal choice for these sectors.

Among the product types, Bisphenol A vinyl ester is anticipated to hold the largest market share by value. Its extensive application as a sustainable composite material in pipes, tanks, and the marine industry, along with its use in wind energy and chemical processing, are key factors in this dominance.

In terms of end-use, the pipes & tanks segment is expected to account for the largest market share, driven by stricter environmental regulations and the growing demand for efficient composites.

Regionally, Asia Pacific is forecasted to capture the largest market share, with countries like China and India playing a crucial role due to their strong economic growth and significant investments in the marine and infrastructure sectors.

Leading players in the vinyl ester market include INEOS Composites (US), Polynt S.p.A. (Italy), AOC (US), Interplastic Corporation (US), SWANOR (Taiwan), and Reichhold LLC (US).

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Tags vinyl ester , corrosion resistance , infrastructure development , polymer industry , composites industry , pipes and tank , industrial growth , composites
Last Updated September 26, 2024