Vinyl Ester Resin Market Analysis, Growth, Share, Size, Opportunity and Forecast to 2035 | ChemAnalyst

Posted January 20, 2023 by chemanalystreports

The Vinyl Ester Resin market to reaching 2.45 million tonnes in 2020 and is expected to achieve an impressive CAGR of 6.30 % in the span of the next ten years.
According to ChemAnalyst report, “Vinyl Ester Resin (VER) Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2035”, The Vinyl Ester Resin market witnessed significant growth by reaching 2.45 million tonnes in 2020 and is expected to achieve an impressive CAGR of 6.30 % in the span of the next ten years. The rapidly increasing demand for Vinyl Ester Resin (VER) from the major end-use industries, including pipes and tanks, building and construction, transportation, paint and coatings, and others, is likely to boost the Vinyl Ester Resin market around the world in the upcoming years.
Vinyl Ester or Vinyl Ester Resin (VER) is a polyester molecule with an epoxy component. VER is synthesized by the esterification of an epoxy resin with acrylic or methacrylic acids which acts as a crosslinking agent. Vinyl Ester Resins are highly reliable and possess excellent properties, including greater strength, low permeability, robust mechanical properties, and abrasion resistance. It has numerous demanding applications and is used as an alternative to Polyester and epoxy materials as the thermoset polymer matrix in composite materials. VER is usually expansive than Polyester and epoxy. Due to its high mechanical strength, VER is widely used in repair materials and laminating. In homebuilt airplanes, the Glasair and Glastar kits are made by Vinyl ester fiberglass-reinforced structures. Marine industries have made extensive use of Vinyl Ester Resins due to their corrosion resistance properties and ability to withstand water absorption. VER also finds its utilization in the production of FRP tanks and vessels as per BS4994.

Read Full Report Here:

The Vinyl Ester Resin Market is segmented on the basis of grade, end-use, sales channel, and region. Based on grades, the market is divided into Bisphenol A based VER, Bisphenol F based VER, and Novolac F Based VER. Bisphenol A segment holds the major share in the VER market across the world owing to its usage in several chemical applications and flue gas desulfurization (FGD) processes. Bisphenol A grade is broadly utilized in the marine industry as gel coats and barrier coats. Its growing consumption in the manufacturing of ships, boats, yachts, naval ships, etc., is anticipated to boost the VER market in the future.

On the basis of end-use industries, the VER market is segmented into pipes and tanks, paint & coatings, transportation, building & construction, aerospace, FGD & precipitators, and others. The pipes and tanks segment is dominating the Vinyl Ester Resin market due to its utilization in chemical storage vessels, chemical reactors, electro-refining tanks, etc. continuously growing demand for FGD installations worldwide due to several environmental concerns and stringent regulations on harmful gas emissions is likely to drive the demand for VER, thereby augmenting its market growth in the next few years. Huge demand for VER from the downstream building and construction industry due to rising infrastructural activities is one of the major factors driving the VER market around the world. Emissions of Volatile Organic Compounds (VOCs) by the Vinyl Ester Resin can alter the market growth in the future.

Due to the spread of COVID-19 In 2020, the Vinyl Ester Resin market was severely affected around the world. The government authorities in various countries imposed nationwide lockdowns, which caused the temporary closure of all industrial and commercial operations worldwide. Many end-use industries, including transportation, building and construction, oil and gas, and others, witnessed an unprecedented downfall due to the spread of the deadly virus. However, with the gradual reopening of the market, the VER industry is anticipated to showcase significant growth in the upcoming year.

Read Full Report Here:

Among different regions, the Asia Pacific region accounts for the major share in the Vinyl Ester Resin market across the globe and is likely to maintain its dominance in the forecast period as well. The growing infrastructural investments, along with the rising demand for VER in the downstream pipes and tanks industry, are driving the market across the Asia Pacific region.

Vinyl Ester Resin Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, Application, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, some of the major players operating in Vinyl Ester Resin market include Ashland Global Holdings Inc., Interplastic Corporation, AOC Aliancys, Sino Polymer Co., Ltd., Swancor Holding Company Limited, Showa Denko K.K., Polynt-Reichhold, INEOS, and Others.

“Rapidly increasing demand for Vinyl Ester Resin from major end-use is expected to boost the market in the forecast period. Rising consumer demand from the marine industry for Vinyl Ester Resins in the manufacturing of ships, boats, yachts, naval ships due to its excellent properties is further contributing to the increased usage of VER; thereby, driving the VER market in the upcoming years. “said Mr. Karan Chechi, Research Director with TechSci Research a research-based management consulting firm promoting ChemAnalyst worldwide.

About Us

ChemAnalyst is a subsidiary of Techsci Research, which was established in 2008, and has been providing exceptional management consulting to its clients across the globe for over a decade now. For the past four years, ChemAnalyst has been a prominent provider of Chemical commodity prices in more than 15 countries. We are a team of more than 100 Chemical Analysts who are committed to provide in-depth market insights and real-time price movement for 300+ chemical and petrochemical products. ChemAnalyst has reverberated as a preferred pricing supplier among Procurement managers and Strategy professionals worldwide. On our platform, we provide an algorithm-based subscription where users can track and compare years of historical data and prices based on grades and incoterms (CIF, CFR, FOB, & EX-Works) in just one go.

The ChemAnalyst team also assists clients with Market Analysis for over 1200 chemicals including assessing demand & supply gaps, locating verified suppliers, choosing whether to trade or manufacture, developing Procurement Strategies, monitoring imports and exports of Chemicals, and much more. The users will not only be able to analyze historical data for past years but will also get to inspect detailed forecasts for the upcoming years. With access to local field teams, the company provides high-quality, reliable market analysis data for more than 40 countries.

ChemAnalyst is your one-stop solution for all data-related needs. We at ChemAnalyst are dedicated to accommodate all of our world-class clients with their data and insights needs via our comprehensive online platform.

Contact Us:

Manvi Goyal

B-44 Sector-57 Noida,

National Capital Region

Tel: 0120-4523990

Mob: +91-8882805349

Email: [email protected]

-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By ChemAnalyst
Phone 3322586602
Business Address 420 Lexington Avenue, Suite 300, New York, NY, United States, 10170
Country United States
Categories Business
Tags vinyl ester resin market
Last Updated January 20, 2023