Vinyl Ester Resin Market Growth Analysis Report (2020-2028)

Vinyl Ester Resin Market Growth Analysis Report (2020-2028)

Vinyl Ester Resin Market Growth Analysis Report (2020-2028)
Report code - SRAM579 Published On : Apr,2021 No. of Pages: 230
Vinyl Ester Resin Market Size, Share, Trend, Dynamics, Forecast, & Competitive An See more...

Market Insights

"As per Stratview Research estimates, the global vinyl ester resin market witnessed a hefty decline of more than 10% to reach US$ 427.1 Million in 2020. The demand for vinyl ester resins is anticipated to recover from 2021, ultimately forming a healthy 7.2% CAGR over the next five years to reach US$ 674.4 million in 2026."

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Vinyl ester resin has a polyester backbone molecule with an epoxy component. It is widely used in applications where better strength and chemical resistance are critically required. Vinyl ester resins were developed to combine the advantages of epoxy resin and polyester resin i.e., excellent resistance to water, organic solvents, alkalis, and faster cure time. Vinyl ester is flexible, making them suitable for applications that require withstand impact and repeated flexing without developing cracks. Its exceptional mechanical and chemical-resistant properties have led to its adoption in a wide array of industries including pipes and tanks, building and construction, marine, wind energy, etc.

Market Dynamics

COVID-19 Impact

In 2020, the rapid spread of COVID-19 has completely shaken the vinyl ester resin market in the wake of production halts, reduced demand, and massive disruption in the supply chain. An expected recovery in the major markets, such as pipes & tanks, marine, and building & construction, coupled with increasing acceptance of vinyl ester resin may act as the drivers for demand rejuvenation.

Segments' Analysis

Segmentations

List of Sub-Segments

Dominant and Fastest-Growing Segments

Application-Type Analysis

Composites, Paints & Coatings, and Others

The composites segment is expected to remain dominant over the forecast period.

End-Use Industry-Type Analysis

Pipes & Tanks, Building & Construction, Marine, Wind Energy, Transportation, and Aerospace & Defense

The pipes & tanks segment is expected to push through, maintaining its dominance in the market till 2026.

Regional Analysis

North America, Europe, Asia-Pacific, and Rest of the World

Asia-Pacific is expected to witness the highest growth during the forecast period.

Application Trends

"The composites segment accounted for the largest market share."

We have segmented the market as composites, paints & coatings, and others. The composites segment holds the largest share of the market and is expected to remain dominant over the forecast period as well. Vinyl ester resin is widely used in the fabrication of pipes & tanks, boat hulls, automotive components, etc. owing to its exceptional mechanical and chemical-resistant properties.

End-use Industry Trends

"The pipes & tanks segment accounted for the largest market share."

Stratview research has segmented the market as pipes & tanks, building & construction, marine, wind energy, transportation, and aerospace & defense. Despite the current glum scenario, the pipes & tanks segment is expected to push through, maintaining its dominance in the market till 2026. Vinyl ester resin is the second-most preferred resin system in the FRP pipe & tank manufacturing after polyester and is preferably used where corrosion resistance along with good performance is required.

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Regional Insights

"Asia-Pacific accounted for the largest market share."

Asia-Pacific holds the lion’s share in the vinyl ester resin market and is also expected to witness the highest growth during the forecast period. The dominance of the region in the building & construction and chemical industry, significant investment towards infrastructure development, rapid urbanization, growing investment towards renewable energy, and rapidly expanding sports & leisure industry are the major factors behind the dominance of Asia-Pacific in the global vinyl ester resin market. North America and Europe also generate a sizeable demand for vinyl ester resins, mainly propelled by the marine, pipe & tank, and wind energy industries.

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Critical Questions Answered in the Report

  • What are the key trends in the global market?
  • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
  • What is the impact of COVID-19 on the global market?
  • What are the key strategies adopted by the major vendors to lead in the market?
  • What is the market share of the top vendors?

Key Players

The supply chain of this market comprises raw material suppliers, vinyl ester resin manufacturers, distributors, and end-use industries.

The key vinyl ester composite resin manufacturers are-

The key players are shifting their focus towards rebuilding their short-term and long-term strategies in order to handle the current distressing time. However, the execution of mergers & acquisitions, capacity expansion, and development of new applications have been the key strategies adopted by the major players over the years to gain a competitive edge in the market.

Report Features

This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Key questions this report answers

Relevant contents in the report

How big is the sales opportunity?

In-depth Analysis of the Vinyl Ester Resin Market

How lucrative is the future?

Market forecast and trend data and emerging trends

Which regions offer the best sales opportunities?

Global, regional, and country-level historical data and forecasts

Which are the most attractive market segments?

Market Segment Analysis and Forecast

Which are the top players and their market positioning?

Competitive landscape analysis, Market share analysis

How complex is the business environment?

Porter’s five forces analysis, PEST analysis, Life cycle analysis

What are the factors affecting the market?

Drivers & challenges

Will I get the information on my specific requirement?

10% free customization

The market is segmented into the following categories.

By Type

  • Bisphenol A
  • Novolac

By Application Type

  • Composites
  • Paints & Coatings
  • Others

By End-Use Industry Type

  • Pipes & Tanks
  • Building & Construction
  • Marine
  • Wind Energy
  • Transportation
  • Aerospace & Defense

By Region

  • North America (Country Analysis: the USA, Canada, and Mexico)
  • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and the Rest of Europe)
  • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and the Rest of Asia-Pacific)
  • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s vinyl ester resin market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

  • Detailed profiling of additional market players (up to three players).
  • SWOT analysis of key players (up to three players).

Competitive Benchmarking

  • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com

Frequently Asked Questions (FAQs)

The vinyl ester resin market size is expected to reach US$ 674.4 million in the foreseeable future.

The vinyl ester resin market is expected to witness an impressive growth of 7.2% CAGR in the coming years.

Ineos Composites, AOC Aliancys, Polynt-Reichhold Group, Swancor, Eternal Materials Co., Ltd., Interplastic Corporation, SIR Industriale S.p.A., Sino Polymers are among the key players in the market.

Asia-pacific is expected to witness highest growth in the market during the forecast period of 2021-26.

The pipe & tanks segment is expected to remain dominant end-use industry in the market in the coming years.

The composites segment is expected to remain dominant application in the market over the next five years.