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Report
Vinyl Ester Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-05-29 I 142 Pages I IMARC Group
The global vinyl ester market size reached US$ 1.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1.3 Billion by 2028, exhibiting a growth rate (CAGR) of 3.2% during 2023-2028.
Vinyl ester refers to a heat-resistant, thermostat matrix resin that is synthesized through the esterification of unsaturated monocarboxylic acids with epoxy resin. It is a molecular chain, which includes a few ester groups double-bonded to vinyl groups. Vinyl ester offers strength, low shrinkage, exceptional adhesion, durability, and long-term performance. They also exhibit a great degree of resistance to heat, toxic agents, and structural deformation corrosion, due to which, they are widely employed for formulating pipes, tanks, flue gas desulfurization (FGS), paints and coatings. At present, it is available in varying types, such as bisphenol, diglycidyl ether of bisphenol A (DGEBA) and epoxy phenol novolac (EPN).
Vinyl Ester Market Trends:
The increasing demand for corrosion resistant materials across several industry verticals, especially in wastewater treatment plants for ensuring longevity, higher ductility, and improving bending capacity of sewage drains is majorly driving the vinyl ester market growth. In line with this, the numerous favorable initiatives undertaken by the government of various nations for installing flue gas desulfurization (FGD) to eliminate the release of sulfur dioxide (SO2) in the atmosphere released from the exhaust flue gases of fossil-fuel power plants is acting as another growth-inducing factor. This is further supported by the rising environmental consciousness amongst consumers and the escalating corporate social responsibility (CSR) programs to promote sustainability, which, in turn, has led to the emergence of bio-based vinyl ester resin. Moreover, the extensive product utilization in the fabrication of fiber-reinforced plastic (FRP) storage tanks, pipelines and duck systems across the chemical, mining, and power generation industries due to its superior solvent resistance and low permeability property is contributing to the market growth. Besides this, manufacturers are adopting advanced technologies to introduce environmentally friendly, non-styrene, and lightweight product variants to expand their application to marine and wind energy sectors, which is further creating a positive outlook for the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global vinyl ester market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, distribution channel and application.
Breakup by Type:
Bisphenol A Diglycidyl Ether (DGEBA)
Epoxy Phenol Novolac (EPN)
Brominated Fire Retardant
Others
Breakup by Distribution Channel:
Offline
Online
Breakup by Application:
Pipes and Tanks
Paints and Coatings
Transportation
Pulp and Paper
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Akzo Nobel N.V., Ashland Global Holdings Inc., INEOS Limited, Interplastic Corporation, Nivitex Fibreglass and Resins, Poliya Composite Resins and Polymers Inc., Polynt spa, Scott Bader Company Ltd., Showa Denko K. K., Sino Polymer Co. Ltd. and Swancor Holding Co Ltd.
Key Questions Answered in This Report
1. What was the size of the global vinyl ester market in 2022?
2. What is the expected growth rate of the global vinyl ester market during 2023-2028?
3. What are the key factors driving the global vinyl ester market?
4. What has been the impact of COVID-19 on the global vinyl ester market?
5. What is the breakup of the global vinyl ester market based on the type?
6. What is the breakup of the global vinyl ester market based on the application?
7. What are the key regions in the global vinyl ester market?
8. Who are the key players/companies in the global vinyl ester market?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Vinyl Ester Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Bisphenol A Diglycidyl Ether (DGEBA)
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Epoxy Phenol Novolac (EPN)
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Brominated Fire Retardant
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Others
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Distribution Channel
7.1 Offline
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Online
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Application
8.1 Pipes and Tanks
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Paints and Coatings
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Transportation
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Pulp and Paper
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Others
8.5.1 Market Trends
8.5.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Akzo Nobel N.V.
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.2 Ashland Global Holdings Inc.
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.2.4 SWOT Analysis
14.3.3 INEOS Limited
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.4 Interplastic Corporation
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.5 Nivitex Fibreglass and Resins
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.6 Poliya Composite Resins and Polymers Inc.
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.7 Polynt spa
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.7.4 SWOT Analysis
14.3.8 Scott Bader Company Ltd.
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.9 Showa Denko K. K.
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.10 Sino Polymer Co. Ltd.
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.11 Swancor Holding Co Ltd.
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.11.3 Financials
Figure 1: Global: Vinyl Ester Market: Major Drivers and Challenges
Figure 2: Global: Vinyl Ester Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Vinyl Ester Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Vinyl Ester Market: Breakup by Type (in %), 2022
Figure 5: Global: Vinyl Ester Market: Breakup by Distribution Channel (in %), 2022
Figure 6: Global: Vinyl Ester Market: Breakup by Application (in %), 2022
Figure 7: Global: Vinyl Ester Market: Breakup by Region (in %), 2022
Figure 8: Global: Vinyl Ester (Bisphenol A Diglycidyl Ether (DGEBA)) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Vinyl Ester (Bisphenol A Diglycidyl Ether (DGEBA)) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Vinyl Ester (Epoxy Phenol Novolac (EPN)) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Vinyl Ester (Epoxy Phenol Novolac (EPN)) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Vinyl Ester (Brominated Fire Retardant) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Vinyl Ester (Brominated Fire Retardant) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Vinyl Ester (Other Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Vinyl Ester (Other Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Vinyl Ester (Offline) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Vinyl Ester (Offline) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Vinyl Ester (Online) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Vinyl Ester (Online) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Vinyl Ester (Pipes and Tanks) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Vinyl Ester (Pipes and Tanks) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Vinyl Ester (Paints and Coatings) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Vinyl Ester (Paints and Coatings) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Vinyl Ester (Transportation) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Vinyl Ester (Transportation) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Vinyl Ester (Pulp and Paper) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Vinyl Ester (Pulp and Paper) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Vinyl Ester (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Vinyl Ester (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: North America: Vinyl Ester Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: North America: Vinyl Ester Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: United States: Vinyl Ester Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: United States: Vinyl Ester Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Canada: Vinyl Ester Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Canada: Vinyl Ester Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Asia-Pacific: Vinyl Ester Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Asia-Pacific: Vinyl Ester Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: China: Vinyl Ester Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: China: Vinyl Ester Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Japan: Vinyl Ester Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Japan: Vinyl Ester Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: India: Vinyl Ester Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: India: Vinyl Ester Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: South Korea: Vinyl Ester Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: South Korea: Vinyl Ester Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Australia: Vinyl Ester Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Australia: Vinyl Ester Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Indonesia: Vinyl Ester Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Indonesia: Vinyl Ester Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Others: Vinyl Ester Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Others: Vinyl Ester Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Europe: Vinyl Ester Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Europe: Vinyl Ester Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Germany: Vinyl Ester Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Germany: Vinyl Ester Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: France: Vinyl Ester Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: France: Vinyl Ester Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: United Kingdom: Vinyl Ester Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: United Kingdom: Vinyl Ester Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Italy: Vinyl Ester Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Italy: Vinyl Ester Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Spain: Vinyl Ester Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Spain: Vinyl Ester Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Russia: Vinyl Ester Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Russia: Vinyl Ester Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Others: Vinyl Ester Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Others: Vinyl Ester Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Latin America: Vinyl Ester Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Latin America: Vinyl Ester Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Brazil: Vinyl Ester Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Brazil: Vinyl Ester Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Mexico: Vinyl Ester Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Mexico: Vinyl Ester Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Others: Vinyl Ester Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Others: Vinyl Ester Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Middle East and Africa: Vinyl Ester Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Middle East and Africa: Vinyl Ester Market: Breakup by Country (in %), 2022
Figure 78: Middle East and Africa: Vinyl Ester Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Global: Vinyl Ester Industry: SWOT Analysis
Figure 80: Global: Vinyl Ester Industry: Value Chain Analysis
Figure 81: Global: Vinyl Ester Industry: Porter's Five Forces Analysis
Table 1: Global: Vinyl Ester Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Vinyl Ester Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: Global: Vinyl Ester Market Forecast: Breakup by Distribution Channel (in Million US$), 2023-2028
Table 4: Global: Vinyl Ester Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 5: Global: Vinyl Ester Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Vinyl Ester Market: Competitive Structure
Table 7: Global: Vinyl Ester Market: Key Players
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