The global vinyl ester market size was USD 1,023.0 Million in 2021 and is expected to register a revenue CAGR of 5.1% during the forecast period, according to latest analysis by Emergen Research. Increasing awareness regarding benefits of utilizing vinyl esters over polyester resins in end-use industries is a major factor driving market revenue growth. Vinyl ester and polyester resins differ significantly depending on chemical compositions and these differences reflect themselves in their physical properties, therefore, industry professionals significantly invest in gathering ideas of what performance is required from the build. Selection between these resins plays a key role in determining strength, durability, and product life and also affects overall cost associated with manufacturing of end products. Also, understanding these key differences enables users to compile the list of critical material performance factors required from finished product and inform the selection.
For instance, cross bonding of vinyl esters is superior to that of polyesters, which denotes that vinyl esters bond to core materials more effectively than polyesters. In addition, vinyl esters are less sensitive to ambient conditions, such as temperature and humidity, than polyesters. Vinyl esters are also used in applications such as in the automotive industry it is used in manufacturing of parts and surfaces of vehicles. This can be primarily attributed to their water-resistant properties. On the other hand, in the construction industry, it is used in fascias for buildings, reinforcement of bridges, and others.
The report studies the factors influencing the growth of the industry in the global market and offers accurate predictions about the growth pattern. The report pays special attention to the key elements of the market, such as drivers, restraints, opportunities, threats, risks, limitations, and other aspects. The report covers a comprehensive analysis of the competitive landscape with a detailed analysis of the company profiles, product portfolio, and business expansion strategies.
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Key Points of vinyl ester Market:
- Extensive coverage of the analysis of the vinyl ester market
- Key insights into the regional spread of the industry in key geographies
- Radical insights into the vital market trends; both current and emerging trends, and factors influencing the growth of the market
- Comprehensive coverage of the impact of the COVID-19 pandemic on the overall growth of the vinyl ester market
- Complete data about the key manufacturers and vendors in the vinyl ester market
Market Drivers:
The constant efforts of prominent players to develop newer and modern technologies and product advancements are expected to drive the growth of the industry over the coming years. The report studies the extensive business expansion plans and advancements in RD activities and product portfolio. The report offers a clear understanding of the alliances in the market, such as mergers and acquisitions, joint ventures, collaborations, partnerships, agreements, product launches and brand promotions, and corporate deals.
The report also talks about the shift in demands and emerging trends that are expected to drive the growth of the market. The rising demand for the vinyl ester products is expected to drive the demand for vinyl ester, thereby bolstering the growth of the industry. Moreover, the report also studies the impact of the COVID-19 pandemic on the market.
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Emergen Research has segmented the global vinyl ester market based on type, end-use:
- Type Outlook (Revenue, USD Million; 2019-2030)
- Bisphenol A
- Novolac
- Brominated Fire Resistant
- Elastomer Modified
- Others
- End-Use Outlook (Revenue, USD Million; 2019-2030)
- Pipes Tanks
- Marine
- Wind Energy
- FGD Precipitators
- Building Construction
- Aerospace Defense
- Others
Regional Analysis:
The report sheds light on the region expected to dominate the vinyl ester market in the coming years. The report estimates the market size in terms of volume and value and offers an accurate estimate of the market share each region is anticipated to hold during the forecast period. The report analyzes the spread of the vinyl ester market in key geographies covering North America, Latin America, Europe, Asia Pacific, and Middle East Africa. The regional analysis offers an idea about the production and consumption pattern, import/export, supply and demand ratio, revenue contribution, market share and size, and the presence of prominent players in each region.
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Leading Companies of the vinyl ester Industry and Profiled in the Report are:
DIC Corporation, Interplastic Corporation, Reichhold LLC, Swancor, Showa Denko K.K., Polynt S.p.A., AOC, Scott Bader Company Ltd., Allnex GMBH, Hexion, Nivitex Fiberglass and Resins, and Mechemco.
Key Questions Answered by the Report:
Which region is expected to dominate the market in the coming years?
What are the recent technological and product advancements occurring in the market?
What are the key strategies adopted by the prominent players in the vinyl ester market?
What are the key product types and applications of the vinyl ester industry?
What is the outcome of SWOT analysis and Porter’s Five Forces analysis?
How is the competitive landscape of the vinyl ester market?
Who are the key players in the industry?
What is the growth rate of the industry over the coming years?
What will be the valuation of the vinyl ester Market by 2030?
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