Vinyl Ester Resin is synthesized by using epoxy resin with methacrylic acid. Vinyl Ester Resin has superior toughness to polyester however they aren’t as good as epoxy resin. The interest in using Vinyl Ester Resin as a raw material in numerous applications has developed due to its chemical resistance, water resistance, corrosion resistance, and mechanical properties. Vinyl Ester Resin is used for making tanks for corrosive chemicals, as a scrubber, pipes, effluent management, and the production of vehicle parts and surfaces.
Moreover, across the globe, the expansion of the Vinyl Ester Resin market is due to its water-resistance properties. It is used excessively in pipes and tanks which are utilized in various industries like water treatment plants. These applications will further increase in the upcoming times driving the Vinyl Ester Resin market in the forecast period. In 2022, approximately 60% of global Vinyl Ester Resin was utilized by Pipes & Tanks Sector.
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The Vinyl Ester Resin market is segmented based on type, end-use, sales channel, and region. The market is segmented by type: Bisphenol-A,F,S vinyl ester resin, Novolac vinyl ester resin, Brominated vinyl ester resin, and others. Bisphenol-A,F,S vinyl ester resin is dominating the Vinyl Ester Resin market consumed about 50% of the market in 2021 and majorly finds its application in the production of ships, boats, yachts, and naval ships.
Based on end-uses, the Vinyl Ester Resin market is segregated into include Pipes & Tanks, Marine Components, Renewables, and others. The Pipes & Tanks industry dominates the Vinyl Ester Resin market around the globe. The Pipes & Tanks constructed using Vinyl Ester Resin are widely used in chemical storage vessels, chemical reactors, electro-refining tanks, and others. Although, Marine Components are another leading segment that fuels the Vinyl Ester Resin market.
Asia Pacific domains as a consumer of Vinyl Ester Resin among all other regions. It is anticipated that it will continue to remain the most significant consumer throughout the projected period as the demand for pipes and tanks is anticipated to grow in this region with the swing of industrialization and development in countries situated in this region.
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Global Vinyl Ester Resin Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Type, Sales Channel, Regional Demand, Foreign Trade, Company Share, 2015-2030”, the significant players functional in the Vinyl Ester Resin market include are INEOS Composites, AOC, Swancor Holding Co. Ltd., Jinling AOC Resinss Co., Ltd., Showa Denko K.K., Scott Bader Company Ltd., Polynt-Reichhold, Sino Polymer, Eternal Materials Co.,Ltd. Lu-Chu Plant, DIC Corporation, Hexion Inc., Poliya, and others.
“Vinyl Ester Resin is a versatile polymer with properties like water-resistance, chemical resistance, and hardness which drives its applications in various downstream industries such as Pipes & Tanks, Marine Components, Renewables, etc. The rapidly increasing demand for pipes and tanks by the construction industry demand for water-resistant materials like Vinyl Ester Resin which is expected to boost the Vinyl Ester Resin market in the forecast period until 2030.“Said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.
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