According to a new market report published by Lucintel, the future of the vinyl ester resin market looks attractive with opportunities in the pipe and tank, construction, transportation, and paint & coatings industries. The global vinyl ester resin market is expected to reach an estimated $1.1 billion by 2024 with a CAGR of 3.8% from 2019 to 2024. The major drivers for this market are increasing demand for corrosion resistance materials, growing infrastructural investments, and rehabilitation of old infrastructural projects.
In this market, bisphenol-A vinyl ester, novolac vinyl ester, and brominated vinyl ester resin are the major resin chemistries used for in different end use industries. Lucintel forecasts that bisphenol-A vinyl ester resin is expected to remain the largest segment due to its good mechanical and chemical resistance properties at a relatively lower cost. Brominated vinyl ester resin is expected to witness the highest growth in the forecast period due to its growing use in applications which require excellent resistance to heat, fire, and chemicals.
Within the vinyl ester resin market, fiber reinforced plastic (FRP) will remain the largest end use industry by value and value due to wider use in pipe and tank manufacturing. Paint and coating is expected to witness the highest growth during the forecast period, supported by the increasing infrastructural spending.
Asia Pacific will remain the largest market by value and volume. ROW is expected to witness the highest growth over the forecast period due to the increasing demand for corrosion resistance pipe and tanks and growing investment in the building and construction sectors.
Emerging trends, which have a direct impact on the dynamics of the industry, include the development of styrene-free vinyl ester resin and emergence of bio-based vinyl ester resin. Polynt-Reichhold, AOC Aliancys, INEOS, Swancor, and Showa Denko are among the major suppliers of the global vinyl ester resin market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global vinyl ester resin market by chemistry, end use industry, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global Vinyl Ester Resin Market 2019-2024: Trends, Forecast, and Opportunity Analysis”. The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global vinyl ester resin market by chemistry, end use industry, and region as follows:
By Chemistry [Volume (M lbs) and $M Shipment Analysis for 2013 – 2024]:
• Bisphenol-A vinyl ester resin
• Novolac vinyl ester resin
• Brominated vinyl ester resin
• Other chemistry
By End Use Industry [Volume (M lbs) and $M Shipment Analysis for 2013 – 2024]:
• Fiber Reinforced Plastic (FRP)
− Pipe and tank
− Other fiber reinforced plastic (FRP)
• Paint and Coatings
• Other Industry
By Region [Volume (M lbs) and $M Shipment Analysis for 2013 – 2024]:
• North America
− The US
− United Kingdom
• Asia Pacific
• Rest of the World
This 174-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or firstname.lastname@example.org. Lucintel offerings include Chemical Market Research Reports, Chemical Industry Analysis Report, Opportunity Screening and Analysis, Strategic Growth Consulting and Due Diligence.
This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high-growth opportunities for the global vinyl ester resin market by chemistry (bisphenol-A vinyl ester, novolac vinyl ester, brominated vinyl ester, and other chemistry), end use industry (FRP, paint and coatings and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q. 2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are emerging trends in this market and the reasons behind them?
Q.7 What are some changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this market?