Global Vinyl Ester Resins Market growing at a CAGR of 4.8% from 2023 to 2030
Category : Materials And Chemicals | Published Date : Jun 2023
Key Market Overview
Consegic Business Intelligence analyzes that the vinyl ester resins market is predicted to grow at a compound annual growth rate of 4.8% from 2023 to 2030 and is expected to reach USD 1,320.86 million in 2030 which was valued at USD 913.02 million in 2022.
The report highlights the increasing adoption of vinyl ester resins in pipes and tanks, which is proliferating global market growth. Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, regional outlook, and emerging technologies in the vinyl ester resins market.
Global Vinyl Ester Resins Market By Overview
The Vinyl Ester Resins market is bifurcated into type and application. Based on type the market is segmented into epoxy vinyl ester resins, flame retardant vinyl ester resins, and others, in 2022, the epoxy vinyl ester resins segment dominate in the overall vinyl ester resins market. The application segment is categorized into pipes & tanks, paints & coatings, transportation, pulp & paper, and others. In 2022, the pipes and tanks segment accounted for the highest market share in the vinyl ester resins market.
Get Free SampleMarket Dynamics
Driver:
- Increasing demand for vinyl ester resin from pipes and tanks application is spurring the growth of the market.
- The increasing adoption of vinyl ester resins in paints and coatings is boosting the revenue growth of the vinyl ester resins market.
Restraints:
- The higher cost of vinyl ester resins is creating a bottleneck for market growth.
Market Segmentation:
| Report Attributes | Report Details |
| By Type | Epoxy Vinyl Ester Resins (Bisphenol A Diglycidyl Ether (DGEBA) and Epoxy Phenol Novolac (EPN)), Flame Retardant Vinyl Ester Resins, and Others |
| By Application | Pipes & Tanks, Paints & Coatings, Transportation, Pulp & Paper, and Others |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
As per the study, the market is dominated by certain major companies such as AOC, DIC CORPORATION, INEOS, and Interplastic Corporation which have a strong market position in current market circumstances. These companies are continuously leveraging new technologies to develop innovative solutions that are more durable, ensure superior functioning, and are cost-effective. Furthermore, the vinyl ester resins market is expected to witness substantial growth in the coming years due to the growing investment in pipes and tank manufacturing facilities in key regions such as North America, Asia Pacific, and others.
The market is characterized by intense competition, with companies focusing on expanding their product offerings and increasing their market share through mergers, acquisitions, and partnerships.
- AOC
- DIC CORPORATION
- INEOS
- Interplastic Corporation
- SHOWA DENKO K.K
- Sino Polymer Co. Ltd
- Polynt
- Scott Bader Company Ltd
- Poliya
- Swancor Advanced Materials Co Ltd