Global Vinyl Ester
Market Report
2024
Vinyl Ester Market size will be USD 1351.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 6.80% from 2024 to 2031.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Vinyl Ester market size is USD 1351.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 6.80% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Vinyl Ester Market Sales Revenue 2024 | $ 1351.2 Million |
Global Vinyl Ester Market Sales Revenue 2030 | $ 1.37 Million |
Global Vinyl Ester Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6.8% |
North America Vinyl Ester Market Sales Revenue 2024 | $ 540.48 Million |
North America Vinyl Ester Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5% |
Europe Vinyl Ester Market Sales Revenue 2024 | $ 405.36 Million |
Europe Vinyl Ester Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.3% |
Asia Pacific Vinyl Ester Market Sales Revenue 2024 | $ 310.78 Million |
Asia Pacific Vinyl Ester Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 8.8% |
South America Vinyl Ester Market Sales Revenue 2024 | $ 67.56 Million |
South America Vinyl Ester Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6.2% |
Middle East and Africa Vinyl Ester Market Sales Revenue 2024 | $ 27.02 Million |
Middle East and Africa Vinyl Ester Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6.5% |
Market Split by Type |
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Market Split by End Use |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Vinyl Ester Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The manufacture, application, and distribution of a particular kind of thermoset resin, renowned for its remarkable mechanical and corrosion resistance, are all included in the vinyl ester market. Vinyl esters, which are produced when epoxy resin reacts with acrylic or methacrylic acid, are widely used in the wastewater treatment, chemical processing, automotive, building, and marine industries. Because of their resilience and adaptability, they are especially valued in settings where corrosion is an issue, such as tanks, pipelines, and infrastructure parts. The industry has grown steadily as a result of rising infrastructure project investments, developments in composite material technology, and consumer demand for high-performance, lightweight products. Furthermore, continuous research and development initiatives keep enhancing the performance of vinyl esters in a variety of industries and broadening their range of applications.
The need for strong materials is growing as infrastructure across the globe is invested in more and more. Vinyl esters are excellent choices because of their remarkable strength and resistance to corrosion, which makes them perfect for a variety of infrastructure projects. Vinyl esters provide durability and dependability, preserving the longevity and structural integrity of vital infrastructure, whether they are used in pipes, tanks, or building components. With countries concentrating on improving their networks of infrastructure, the application of vinyl esters is expected to make a major contribution to the global development of resilient systems.
Composite materials that incorporate vinyl ester resins are becoming more and more popular due to advancements in marine technology. Due to their superior performance, these materials can meet the increasing need for lighter, more fuel-efficient ships and boats. Their remarkable strength-to-weight ratio and ability to withstand harsh sea conditions make them very desirable for use in maritime applications. Through the use of vinyl ester composites, boats can satisfy the demands of the contemporary maritime industries by becoming more durable and efficient. The use of these materials is anticipated to be crucial in determining the direction of marine transportation in the future, supporting efficiency and sustainability in maritime pursuits, as long as innovation in maritime technologies is pursued.
Manufacturers who use specific vinyl ester formulations have difficulties due to strict controls on emissions of volatile organic compounds (VOCs). Adherence to these regulations requires modifications to the manufacturing processes, which may lead to an increase in expenses and an effect on the availability of materials. In order to synthesize vinyl esters that satisfy regulatory requirements while retaining desired qualities, manufacturers need to allocate resources towards research and development. Additionally, to lessen the impact of VOC laws on product development and cost, innovative production methods and substitute materials would be needed. The vinyl ester business must successfully navigate these rules in order to maintain its reputation for producing high-quality goods that adhere to environmental requirements and are sustainable over the long run.
The COVID-19 epidemic has caused notable swings in the vinyl ester market. Vinyl ester sales were initially impacted by a decline in demand from important industries like construction, marine, and automotive as a result of widespread lockdowns and supply chain disruptions. But as economies progressively recovered, demand surged due to infrastructure building initiatives and heightened awareness of cleanliness protocols, which employ vinyl esters in corrosion-resistant applications. The trend toward remote employment also increased demand for internet infrastructure, which in turn expanded the industry. Even with these recoveries, there are still a lot of unanswered questions about the pandemic, which affects market dynamics and forces manufacturers to change their approaches to deal with the changing environment.
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Key players deploy strategic initiatives such as product innovations, partnerships, and mergers. Companies prioritize R&D to introduce cutting-edge products, ensuring a competitive edge. Robust distribution networks and adherence to quality standards amplify market presence, fostering an environment where agility and innovation define industry leaders.
In October 2021, The purchase of AOC's shares from CVC Capital Partners was finalized by Lone Star. AOC is a prominent worldwide producer of vinyl ester resins, unsaturated polyester resins, and other solutions for use in adhesives, colorants and visual effects, protective barriers, coatings, and traditional composite resins.
(Source: https://aocformulations.com/en-asia/home/)
Top Companies Market Share in Vinyl Ester Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. The demand for vinyl ester is rising significantly in North America, mostly due to expansion in the chemical processing, transportation, and construction industries. Growing investments in infrastructure, the demand for materials resistant to corrosion, and developments in composite technology are some of the factors driving this expansion. It is anticipated that this growth tendency will continue as more sectors come to understand the advantages of vinyl ester resins.
The Europe region is witnessing an increase, in the sales of reagents. The growing uses of vinyl ester in the construction, marine, and automotive industries are driving the market's robust rise in Europe. The market is expanding due to factors like strict rules encouraging the use of materials resistant to corrosion and rising investments in infrastructure projects. Additionally, the use of vinyl ester resins in a variety of European industries is being pushed forward by growing environmental concerns and technical breakthroughs.
The current report Scope analyzes Vinyl Ester Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
According to Cognitive Market Research, the global Vinyl Ester market size was estimated at USD 1351.2 Million out of which North America held the major market of more than 40% of the global revenue with a market size of USD 540.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.0% from 2024 to 2031. The vinyl ester market in North America is expanding significantly, propelled by a variety of sectors including chemical processing, transportation, and construction. Market expansion is fueled by the region's heavy investments in infrastructure and strict laws that encourage corrosion-resistant materials. The Pipes & Tanks category is particularly noteworthy since it utilizes vinyl ester resins, which are known for their remarkable durability and resistance to corrosion in demanding applications. The North American Vinyl Ester market is expected to grow and innovate further because to the growing demand for high-performance, lightweight solutions. It is expected to play a significant role in the region's industrial development and sustainability initiatives.
Country Analysis
According to Cognitive Market Research, with a market value of USD 1351.2 million in 2024 and projected to expand at a compound annual growth rate (CAGR) of 5.3% from 2024 to 2031. Europe accounted for a share of over 30% of the global market size of USD 405.36 million. The market for vinyl ester is rising rapidly in Europe due to its growing use in a variety of industries, such as automotive, marine, and construction. The market is expanding because to strict rules that encourage corrosion-resistant materials and rising infrastructure project spending. The Marine segment is particularly noteworthy because vinyl ester resins meet the strict requirements of maritime applications by providing high durability and corrosion resistance. The European Vinyl Ester market is expected to increase steadily because to continued technical advancements and rising environmental concerns. This market is crucial for boosting industrial capacities and guaranteeing the region's long-term sustainability.
According to Cognitive Market Research, the global Vinyl Ester market size was estimated at USD 1351.2 Million out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 310.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.8% from 2024 to 2031. The vinyl ester market in Asia Pacific is expanding significantly due to the region's fast industrialization and infrastructure development. Market expansion is being driven by rising investments in the transportation, chemical processing, and construction sectors. The construction industry is particularly noteworthy since vinyl ester resins are frequently utilized in infrastructure projects due to their long-lasting nature and resistance to corrosion. The Asia Pacific Vinyl Ester market is expected to rise due to the region's sustained economic growth and the increasing need for high-performance materials. This presents chances for innovation and development across a range of industrial sectors.
According to Cognitive Market Research, the global Vinyl Ester market size was estimated at USD 1351.2 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 67.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031. The construction of infrastructure and an increase in industrial activity are driving the continuous growth of the vinyl ester market in Latin America. Market expansion is being driven by industries like chemical processing, construction, and automotive. The Chemical Processing division is particularly noteworthy since it uses vinyl ester resins to make equipment and storage solutions that are resistant to corrosion. The demand for durable materials is expanding, and there are chances for market players to expand their presence and meet the changing industrial needs of the Latin American Vinyl Ester market. This is due to the region's growing investments in manufacturing and infrastructure.
According to Cognitive Market Research, the global Vinyl Ester market size was estimated at USD 1351.2 Million out of which Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 27.02 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2031. The construction and oil and gas industries, in particular, are driving the steady growth of the Middle East and Africa vinyl ester market. Because vinyl ester resins are so durable and corrosion resistant, they are widely used in these industries. The Oil & Gas industry is particularly noteworthy since it uses vinyl ester-based solutions for offshore constructions, tanks, and pipelines. The Middle East and Africa Vinyl Ester market is expected to increase due to continuous investments in energy and infrastructure projects. This presents a chance for industry participants to meet the region's increasing need for high-performance materials.
Global Vinyl Ester Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Vinyl Ester Industry growth. Vinyl Ester market has been segmented with the help of its Type, End Use , and others. Vinyl Ester market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, Bisphenol A held the major market share over the forecast period. The increased demand for Bisphenol A (BPA), a crucial raw material utilized in the production of vinyl ester, has an impact on the expanding vinyl ester market. Because of its many uses, including improving corrosion resistance and durability, BPA is essential to a number of industries, including the building, automotive, and marine sectors. The need for vinyl ester resins and BPA is predicted to increase as these industries grow.
Novolac is the fastest-growing category over the forecast period. The vinyl ester market is expanding as a result of the use of Novolac, a phenolic resin variety. Novolac improves vinyl ester resin performance by offering increased heat and chemical resistance, which qualifies them for demanding applications in the chemical processing, automotive, and aerospace industries. The uptake of vinyl ester composites based on Novolac is being driven by the growing need for high-performance materials.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Vinyl Ester Industry. Request a Free Sample PDF!
According to Cognitive Market Research, Pipes & Tanks hold a prominent market share. One major factor propelling the vinyl ester market's expansion is the Pipes & Tanks segment. Because vinyl ester resins are so durable and corrosion resistant, they are becoming more and more popular for use in pipeline and storage tank construction. Vinyl ester-based solutions are critical to the long-term integrity and dependability of infrastructure in industries like oil and gas, chemical processing, and water treatment.
Marine is the fastest-growing category over the forecast period. One of the main drivers of the expanding vinyl ester market is the marine industry. Because vinyl ester resins are so strong and resistant to corrosion in seawater, they are widely used in maritime applications. Vinyl esters provide lightweight, long-lasting solutions for a variety of applications, including boat hulls and marine infrastructure, satisfying the need for high-performance materials in the maritime industry's pursuit of sustainability and efficiency.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Vinyl Ester market report 2024 Edition by contacting our team.
Senior Research Analyst at Cognitive Market Research
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I am a dynamic and results-driven research analyst with a passion for transforming raw data into actionable insights. Armed with a solid foundation in market research and data analysis, I thrive on the challenge of uncovering patterns, trends, and opportunities that drive strategic decision-making. My analytical mindset, coupled with effective communication skills, allows me to bridge the gap between data analysis and practical business applications.
I served as a key player in market research and competitive analysis. I have a proven track record of synthesizing disparate data sources, employing statistical models, and delivering comprehensive insights. Collaborating across departments, I played a pivotal role in shaping evidence-based strategies that fueled the success of key business initiatives. I am committed to ongoing professional development, participating in industry conferences, workshops, and pursuing additional certifications to stay at the forefront of research methodologies.
Disclaimer:
Type | Bisphenol A , Novolac , Brominated Fire Retardant , Elastomer Modified , Others |
End Use | Pipes & Tanks , Marine , Wind Energy , Water Pipes , FGD & Precipitators , Building & Construction , Land Transportation , Aerospace & Defense , Others |
List of Competitors | AOC, DIC CORPORATION, INEOS, Interplastic Corporation, SHOWA DENKO K.K, Sino Polymer Co. Ltd, Polynt, Scott Bader Company Ltd, Poliya, Swancor Advanced Materials Co Ltd. |
This chapter will help you gain GLOBAL Market Analysis of Vinyl Ester. Further deep in this chapter, you will be able to review Global Vinyl Ester Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Vinyl Ester Market Trends North America Vinyl Ester Technological Road Map North America Vinyl Ester Market Drivers North America Vinyl Ester Market Restraints North America Vinyl Ester Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
You can purchase only the Executive Summary North America Market (2019 vs 2024 vs 2031)
Chapter 3 Europe Market Analysis
You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)
Chapter 4 Asia-Pacific Market Analysis
You can purchase only the Executive Summary Asia Pacific Market (2019 vs 2024 vs 2031)
Chapter 5 South America Market Analysis
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Chapter 6 Middle East and Africa Market Analysis
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Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
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Chapter 11 Market Split by End Use Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Vinyl Ester market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Bisphenol A have a significant impact on Vinyl Ester market? |
What are the key factors affecting the Bisphenol A and Novolac of Vinyl Ester Market? |
What is the CAGR/Growth Rate of Pipes & Tanks during the forecast period? |
By type, which segment accounted for largest share of the global Vinyl Ester Market? |
Which region is expected to dominate the global Vinyl Ester Market within the forecast period? |
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