Vinyl Ester Resins Market Emerging Trends, Demand, Growth by Key...

Vinyl Ester Resins Market Emerging Trends, Demand, Growth by Key Players and Forecast 2027

Posted 2023-07-18 07:26:56

Overview of the Global Vinyl Ester Resins Market: Vinyl ester resins are a type of resins produced through the esterification process of an epoxy resin combined with acrylic or methacrylic acids. These resins contain 'vinyl' groups that can undergo polymerization. They are a hybrid form of polyester resins, also known as hybrid polyester resins, consisting of a base of polyester resin toughened with epoxy molecules. Vinyl ester resins are known for their exceptional chemical, mechanical, and heat resistance, making them widely used in various industries such as marine, construction, automotive, and aviation.

Their applications range from homebuilt airplanes, marine structures, and FRP tanks to laminating processes, repairing materials, and wind turbine rotor blade bonding pastes. Compared to polyester resins, vinyl ester resins offer increased reliability, durability, strength, low permeability, robust mechanical properties, and abrasion resistance. They are highly resistant to water, structural deformations, and chemical agents.

Market Dynamics: The global vinyl ester resins market is expected to grow significantly due to several factors. These include their extensive use in manufacturing pipes, tanks, paints, and coatings for industries like oil & gas and chemicals. Vinyl ester resins are also popular in the marine industry for gel coats and barrier coats, as well as in building ships, boats, yachts, and commercial aircraft. Additionally, their corrosion resistance properties make them ideal for Flue Gas Desulfurization (FGD) processes, driving demand due to environmental concerns and emission regulations.

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However, some challenges may affect market growth, such as a lack of skilled workforce, absence of regulatory standards, availability of cheaper substitutes, short shelf life, increasing raw material prices, and stringent government regulations regarding VOC content reduction.

COVID-19 Impact Assessment: The COVID-19 pandemic has caused significant financial disruption globally, leading to business losses and job redundancies. The vinyl ester resins market has been negatively impacted, particularly in industries like oil & gas, marine, and construction, which experienced temporary closures and reduced demand during lockdown measures.

Geographical Overview: The report highlights the presence of the global vinyl ester resins market across North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. Asia Pacific is expected to be the dominant market due to its growing industrial sector, demand for raw materials, corrosion-resistant pipes & tanks, expanding construction sector, and urbanization. China and South Korea are key growth engines in this region, witnessing a surge in shipbuilding and marine industry activities.

Competitive Landscape: Leading contenders in the global vinyl ester resins market include Ashland, Interplastic Corporation, Changzhou Tianma Group, Sino Polymer, Swancor, Reichhold, Showa Denko, DSM, Hexion, Fuchem, and AOC Resins.

Report Highlights: The global vinyl ester resins market report provides insights into current and future market outlooks, recent developments, key drivers & opportunities, risks & threats, and emerging regions. The report offers an exhaustive assessment of key geographical segments likely to experience rapid growth in the future. The competitive landscape reveals the market ranking of leading players and highlights their key business strategies such as new product launches, mergers & acquisitions, partnerships, and joint ventures.

Global Vinyl Ester Resins Market Segmentation: By Product Type:

1. Bisphenol A Vinyl Ester

2. Novolac Vinyl Ester

3. Flame Retardant Epoxy Vinyl Ester

4. Phenolic Epoxy Vinyl Ester

5. Brominated Fire Retardant Vinyl Ester

6. Elastomer Modified Vinyl Ester

7. High Crosslinking Density Epoxy Vinyl Ester

8. Flexible Epoxy Vinyl Ester

9. PU Modified Epoxy Vinyl Ester

By Application:

1. Pipes & Tanks

2. FGD & Precipitators

3. FRP Products

4. Binders

5. Concrete Lining

6. Anti-corrosive Coatings

7. Wind Energy

8. Water Pipes

9. Marine

10. Building & Construction

11. Aerospace & Defense

12. Automotive

13. Others

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