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 ...