Vinyl Ester Market Size, Share & Trends Analysis Report By Type, (Bisphenol-A, Novolac, Brominated Fire Retardant), By Application (Pipes & Tanks, Marine, Wind Energy, FGD & Precipitators), By Region, And Segment Forecasts, 2024 - 2030

Vinyl Ester Market Size, Share & Trends Analysis Report By Type, (Bisphenol-A, Novolac, Brominated Fire Retardant), By Application (Pipes & Tanks, Marine, Wind Energy, FGD & Precipitators), By Region, And Segment Forecasts, 2024 - 2030

Vinyl Ester Market Size & Trends

The global vinyl ester market size was estimated at USD 1.22 billion in 2023 and is projected to grow at a CAGR of 6.42% from 2024 to 2030. The demand for this product is being driven by an increase in the installation of flue gas desulfurization (FGD) systems due to growing environmental concerns and stricter regulations on hazardous emissions.

Vinyl esters are known for their exceptional chemical resistance and are often used as a reliable choice for lining the interior of a Flue Gas Desulfurization System. Moreover, the product demand is substantially propelled by the escalating construction activities, particularly in developing economies, for applications such as pipes, tanks, bridges, and building materials.

Vinyl ester resin is produced by esterifying an epoxy resin with monocarboxylic acid, then dissolving the resulting product in a solvent such as styrene. It is used in various industries and offers increased strength, corrosion resistance, low viscosity, and water absorption resistance.

The marine industry is anticipated to experience significant growth, particularly in ship and boat construction and repair. Approximately 80% of the volume of international trade in goods is transported by sea, with an even higher percentage for most developing countries. Containerization has revolutionized global cargo shipping, bringing about substantial improvements in efficiency. Despite the economic crisis, there is potential for the maritime industry's continued expansion. This resin is often considered an excellent choice in boat construction due to its exceptional durability and long-term performance, thereby boosting its consumption in the ever-growing marine industry.

In addition, the vinyl ester market is benefitting from increased investments in infrastructure. Nonetheless, the market faces challenges from cheaper substitutes and their easy availability. However, the surge in wind turbine installations globally, as well as the expanding product usage in mass transit vehicles and railways, presents opportunities for growth in the global vinyl ester market. The product offers enhanced fatigue resistance and greater overall toughness, contributing to extended durability and reduced weight.

The chemical and petrochemical industries often rely on vinyl ester for its corrosion-resistant properties in storage tanks, pipelines, and processing equipment. As these industries expand to meet the growing demand for chemicals and petroleum products, the demand for vinyl ester resins also increases.

Global Vinyl Ester Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global vinyl ester market report based on type, form, application & region:

• Type Outlook (Volume, Kilotons, Revenue, USD Million, 2018 - 2030)
• Bisphenol-A
• Novolac
• Brominated Fire Retardant
• Others
• Application Outlook (Volume, Kilotons, Revenue, USD Million, 2018 - 2030)
• Pipes & Tanks
• Marine
• Wind Energy
• FGD & Precipitators
• Pulp & Paper
• Other Applications
• Regional Outlook (Volume, Kilotons, Revenue, USD Million, 2018 - 2030)
• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• UK
• France
• Italy
• Spain
• Russia
• Asia Pacific
• China
• India
• Japan
• South Korea
• Thailand
• Indonesia
• Australia
• Central & South America
• Brazil
• Argentina
• Middle East and Africa
• Saudi Arabia
• South Africa
• UAE

Please note The report will be delivered in 4-8 business days upon order notification.