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. As per Stratview Research estimates, the 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. 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.
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