Vinyl Ester Resins Market Growing Demand 2023 to 2030
Vinyl Ester Resins Market Overview:
Vinyl ester
resins are created through the reaction between epoxy resins and unsaturated
monocarboxylic acids. The resulting material possesses a unique molecular
structure that combines the characteristics of epoxy resins and polyester
resins. This combination imparts exceptional chemical resistance, mechanical
strength, and heat resistance to vinyl ester resins.
Vinyl
Ester Resins Market is USD 913.02 million in 2022. It is projected to reach
USD 19,925.96 Million by 2030, indicating a CAGR of 4.8% during the forecast
period.
Market Drivers:
The vinyl
ester resins market has experienced robust growth due to several key drivers.
Firstly, the increasing demand for corrosion-resistant materials in various
industries, such as chemical processing and oil and gas, has propelled the
market forward. Vinyl ester resins offer excellent resistance to corrosive
chemicals and have become the material of choice for such applications.
The growth
of the construction industry, particularly in emerging economies, is a
significant driver for the vinyl ester resins market. These resins are widely
used in infrastructure projects such as bridges, tunnels, wastewater treatment
plants, and other structures that require durability and protection against
harsh environmental conditions.
Market Segmentation:
By Type
Epoxy Vinyl
Ester Resins
·
Bisphenol
A Diglycidyl Ether (DGEBA)
·
Epoxy
Phenol Novolac (EPN)
Flame Retardant Vinyl Ester Resins
Others
By Application
·
Pipes
& Tanks
·
Paints
& Coatings
·
Transportation
·
Pulp
& Paper
·
Others
Key Players in the Vinyl Ester Resins
Market
The Vinyl
Ester Resins Market is highly competitive and comprises several key players who
play a significant role in shaping the industry. These companies are engaged in
the production, Application, and distribution of Vinyl Ester Resins products.
Here are some of the prominent key players in the Vinyl Ester Resins Market:
·
AOC
·
DIC
CORPORATION
·
INEOS
·
Interplastic
Corporation
·
SHOWA
DENKO K.K
·
Sino
Polymer Co. Ltd
·
Polynt
·
Scott
Bader Company Ltd
·
Poliya
Get Vinyl Ester Resins
Market Full Report Here: https://www.consegicbusinessintelligence.com/vinyl-ester-resins-market
Regional Analysis:
In North America,
the vinyl ester resins market is driven by the presence of a well-established
chemical industry and robust infrastructure development. The region's stringent
regulations regarding environmental protection and safety have further
increased the demand for vinyl ester resins in various applications.
Europe
represents a significant market for vinyl ester resins due to the growing
demand for lightweight materials in the automotive and aerospace sectors. The
region's focus on sustainability and eco-friendly solutions also drives the
adoption of bio-based vinyl ester resins.
Asia Pacific
is witnessing substantial growth in the vinyl ester resins market industry,
primarily driven by rapid industrialization and infrastructure development in
countries like China and India. The increasing automotive production and the
growth of the construction industry contribute to the vinyl ester resins market
expansion in the region.
Recent Developments:
Ashland Global Holdings Inc. (2021): Ashland introduced a new vinyl ester
resin, Derakane™ Signia™, in 2021. This resin incorporates a unique vinyl
ester resins technology that allows for easier and faster curing, reducing
production time and enhancing productivity in various applications.
AOC, LLC (2020): In 2020, AOC launched a new vinyl
ester resin called Vipel® Matrix 860. This resin is specifically designed for
corrosion-resistant applications in chemical processing, oil and gas, and
wastewater treatment industries. It offers excellent chemical resistance and
mechanical properties.
About CBI
Consegic Business Intelligence Pvt Ltd. is the leading
research industry that offers contextual and data-centric research services to
its customers across the globe. The firm assists its clients to strategize
business policies and accomplish sustainable growth in their respective market
domains. The industry provides consulting services, syndicated research
reports, and customized research reports.
Topnotch research organizations and institutions to
comprehend the regional and global commercial status use the data produced by
Consegic Business Intelligence Pvt Ltd. Our reports comprise in-depth analytical
and statistical analysis on various industries in foremost countries around the
globe.
Contact us:
Consegic Business intelligence Pvt Ltd.
Email: sales@consegicbusinessintelligence.com
Comments
Post a Comment