According to the ChemAnalyst report titled “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 Vinyl Ester Resin market is expected to reach 1,000 thousand tonnes by 2030, with a Compound Annual Growth Rate (CAGR) of 3.74% in the forecast period. The increasing demand for Vinyl Ester Resin from various end-use industries such as Pipes & Tanks, Marine Components, Renewables, and others is likely to drive the expansion of the Vinyl Ester Resin market in the coming years.
>> Get Sample Copy of this Premium Report:
https://www.chemanalyst.com/ChemAnalyst/RequestForm?Irlead
Vinyl Ester Resin is produced by combining epoxy resin with methacrylic acid. It offers superior toughness compared to polyester but is not as durable as epoxy resin. Vinyl Ester Resin has gained interest as a raw material in various applications due to its chemical resistance, water resistance, corrosion resistance, and mechanical properties. It is used in the production of tanks for corrosive chemicals, scrubbers, pipes, effluent management, as well as the manufacturing of vehicle parts and surfaces.
One of the primary factors contributing to the growth of the global Vinyl Ester Resin market is its water-resistant properties. It is extensively used in pipes and tanks in various industries, including water treatment plants. The demand for such applications is expected to increase in the coming years, further driving the Vinyl Ester Resin market. In 2022, around 60% of the global Vinyl Ester Resin was used in the Pipes & Tanks sector.
The Vinyl Ester Resin market is categorized by type, end-use, sales channel, and region. Types of Vinyl Ester Resin include 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 the dominant type, accounting for approximately 50% of the market in 2021, and is mainly used in the production of ships, boats, yachts, and naval vessels.
In terms of end-uses, the Vinyl Ester Resin market is segmented into Pipes & Tanks, Marine Components, Renewables, and others. The Pipes & Tanks industry is the leading segment in the global Vinyl Ester Resin market. Pipes and tanks constructed using Vinyl Ester Resin are widely used in chemical storage vessels, chemical reactors, electro-refining tanks, and more. Marine Components represent another significant segment fueling the Vinyl Ester Resin market.
Asia Pacific is the primary consumer of Vinyl Ester Resin globally. It is expected to remain the most significant consumer throughout the forecast period as the demand for pipes and tanks is projected to grow in this region due to industrialization and development in the countries located there.
Major players in the Vinyl Ester Resin market include INEOS Composites, AOC, Swancor Holding Co. Ltd., Jinling AOC Resins 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.
>> Click Here To Read Full Report:
https://www.chemanalyst.com/industry-report/vinyl-ester-resin-ver-market-661
Vinyl Ester Resin is a versatile polymer with properties such as water resistance, chemical resistance, and hardness, making it suitable for various downstream industries like Pipes & Tanks, Marine Components, Renewables, and more. The increasing demand for pipes and tanks in the construction industry, which requires water-resistant materials like Vinyl Ester Resin, is expected to drive the Vinyl Ester Resin market’s growth in the forecast period until 2030.
About Us:
ChemAnalyst is an online platform offering a comprehensive range of market analysis and pricing services, as well as up-to-date news and deals from the chemical and petrochemical industry, globally.
Being awarded ‘The Product Innovator of the Year, 2023’, ChemAnalyst is an indispensable tool for navigating the risks of today’s ever-changing chemicals market.
The platform helps companies strategize and formulate their chemical procurement by tracking real time prices of more than 400 chemicals in more than 25 countries.
ChemAnalyst also provides market analysis for more than 1000 chemical commodities covering multifaceted parameters including Production, Demand, Supply, Plant Operating Rate, Imports, Exports, and much more. The users will not only be able to analyse historical data but will also get to inspect detailed forecasts for upto 10 years. With access to local field teams, the company provides high-quality, reliable market analysis data for more than 40 countries.
Contact Us:
ChemAnalyst
GmbH – S-01, 2.floor, Subbelrather Straße
15a Cologne, 50823, Germany
Tel: +49-221-6505-8833
Email: sales@chemanalyst.com
Website: https://www.chemanalyst.com/
