Vinyl Ester Market Size By Product (Bisphenol A, Novolac, Brominated Fire Retardant), By Application (Pipes & Tanks, Marine, Wind Energy, FGD & Precipitators, Pulp & Paper), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2025

Published Date: Oct 2018  |  Report ID: GMI2992  |  Authors: Kiran Pulidindi, Hemant Pandey

Report Format: PDF   |   Pages: 267   |   Base Year: 2017

Summary Table of Contents Industry Coverage Methodology

Industry Trends

Vinyl Ester Market size was over 1 billion in 2017 and is projected to attain gains close to 6% CAGR between 2018 and 2025.

Vinyl Ester Market

Get more details on this report - Request Free Sample PDF

Vinyl esters have been observing a rising acceptance in the applications involving high volume processes, where short-cycle times are usually required. A range of industries for instance, waste-water treatment, chemical processing, oil & gas, etc. have been facing the key challenge of corrosion of metal-based pipes & tanks. Vinyl esters will serve as the optimum solution to the corrosion challenges, with their better performance characteristics over conventional materials used for pipes & tanks. Vinyl esters exhibit low permeability, superior chemical resistance, and abrasion resistance, on account of which they will have robust demand as matrix materials to fabricate fiberglass reinforced plastics for manufacturing pipes & tanks by 2025.

Vinyl esters are used in bonding pastes for the manufacturing of rotor blades in the wind energy sector. According to a report by WindEurope, in 2017, the wind power contributed to 55% of total power capacity installations in Europe. The region installed about 15,638 MW of new wind power capacity in the year, with an increase of 25% as compared to the annual installations in 2016. Such trends presents significant potential for vinyl ester market for wind energy applications over the forecast period.

In contrast to the polyester resins, vinyl esters have been stronger thereby exhibiting a higher impact resistance. These tend to be less likely to show stress cracking and more tolerant of stretching as compared to polyesters, which makes them more efficient to absorb the impact without damage. In spite of the superiority of vinyl esters, apart from their low shelf life and higher cost, polyesters are likely to hold a larger share in composite fabrications by 2025.

Vinyl Ester Market Report Coverage
Report Coverage Details
Base Year: 2017 Market Size in 2017: 1 Billion (USD)
Historical Data for: 2013 to 2017 Forecast Period: 2018 to 2025
Forecast Period 2018 to 2025 CAGR: 6% 2025 Value Projection: 1.7 Billion (USD)
Pages: 267 Tables, Charts & Figures: 383
Geographies covered (22): U.S., Canada, Germany, UK, France, Spain, Italy, Poland, Russia, China, India, Japan, Australia, Indonesia, Thailand, South Korea, Brazil, Mexico, Argentina, Saudi Arabia, UAE, South Africa
Segments covered: Product, Application and Region
Companies covered (12): Swancor Holding, Mechemco, Nivitex, ALIANCYS AG, Polynt-Reichhold Group, Ashland, Interplastic Corporation, Sino Polymer Co. Ltd, Showa Denko, Scott Bader Company, Hexion, DIC Material
Growth Drivers:
  • Extensive use of vinyl ester resins in the pipes & tanks
  • Growth in the U.S. Marine Industry
  • Increasing installation of wind turbines in Europe
Pitfalls & Challenges:
  • Low shelf life of vinyl ester

Request 15% Free Customization on this Report

Vinyl Ester Market, By Product

Bisphenol A type vinyl esters are produced from standard bisphenol A- based liquid epoxy resin. The bisphenol A segment accounted for the largest share exceeding 40% in global vinyl ester market in 2017. Bisphenol A based product has exceptional strength and elongation characteristics, consequently providing impact resistance and lessening the likelihoods of cracking. These resins will be used in hand lay-up, pultrusion processes, spray-up, SMC, and filament winding owing to their chemical and mechanical resistance features in the near future. They will also have a remarkable demand for their use in moldings that are exposed to high static or dynamic loads, for instance, ducts, pipes and tanks.

Novolac vinyl ester market is expected to rise at a fast pace with CAGR exceeding 6% by 2025. The growth will be attributed to Novolac’s high resistance to oxidizing acids and better thermal resistance Novolac based resins have higher crosslinking density than bisphenol A type resins, which results in the improved thermal performance of Novolac over traditional bisphenol A variants and unsaturated polyester resins.

Vinyl Ester Market, By Application

China vinyl ester market by application

Get more details on this report - Request Free Sample PDF

Marine applications are estimated to contribute a share close to 20% in global vinyl ester market by 2025. The marine industry involves product usage as gel coats, barrier coats, etc. They have been popularly used in the main composite body of ships. With the increasing production of race boats, super yachts, and naval and commercial craft, there has been increasing demand of vinyl ester applications in marine industry in the recent years. By 2025, the global marine industry will mark a robust demand for the product for the applications involving the prolonged exposure to water, for instance, the boat hull or water tank. The practice of using polyester for the bulk construction and adding a surface barrier layer of vinyl ester is likely in the future years. Such use of the product will result in considerably reduced water penetration without a substantial increase in cost.

Vinyl Ester Market, By Region

Asia Pacific held the highest share above 40% in global vinyl ester market in 2017. The region is expected to follow a similar trend over the forecast period. The massive share over 50% in the region was contributed by China in 2017, with the vast availability of raw materials and high production capacities. Robust industrialization and cost-effective manufacturing traits in Asia Pacific will support the regional growth.

Emergence of China and South Korea as the foremost force in the shipbuilding industry has been a key driver for increasing vinyl ester market demand from marine sector in Asia Pacific. The UNCTAD liner shipping connectivity index published in May 2016 nominated China & the Republic of Korea, Sri Lanka & India, Singapore & Malaysia as one of the best-connected countries among global container shipping networks. Increasing tourism activities in the Southeast Asian countries such as Indonesia, Malaysia, Thailand, etc. are expected to propel the regional marine industry size by 2025. Such trends present brighter aspects for vinyl ester market in Asia Pacific over the forecast period.

Competitive Market Share

Key industry participants in global vinyl ester market include: Sino Polymer Co. Ltd., Swancor Holding, ALIANCYS AG, Ashland, Interplastic Corporation, Showa Denko, Hexion, etc. Continued escalation of costs in key raw materials including styrene, glycols liquid and epoxy resins (LERs) have resulted in price hikes by the product manufacturers in the recent years. For instance, Ashland increased the price of its portfolio of epoxy vinyl ester products by EUR 150 (USD 170.97) per ton. and its portfolio of UPR and gelcoat products by about EUR 100 (or USD 113.98) per ton in Europe, the Middle East and Africa. This price hike was effective from February 2018.

Industry Background  

Vinyl esters are produced by esterification of a liquid epoxy resin with unsaturated monocarboxylic acids. These combine high corrosion resistance with exceptional mechanical properties. On a wide scale of viscosity, these have been midway between epoxy and polyesters resins, before adding styrene. Vinyl esters are stronger than polyesters and more resilient than epoxies and will observe strong growth over the forecast period.

Buy NowImmediate delivery available

Single User: $5,150 Access to only 1 person; cannot be shared; cannot be printed
Multi User: $7,150 Access for 2 to 5 users only within same department of one company
Enterprise User: $9,150 Access to a company wide audience; includes subsidiary companies or other companies within a group of companies

Need a Discount? Get in touch with us for special pricing

Request Discount

Connect with our sales team

Why Global Market Insights, Inc.?

Reliability & accuracy

  • GMI is unparalleled when to comes to the quality of research and information provided to clients. Our unique methodology is designed to ensure a minimum of 90% accuracy to give our clients excellent value on their investment.

Quality & trust

  • BBB Rating - Click to Verify

Customer service

  • Over 200 experts are available across various time-zones, ready to serve clients for their research needs. Our industry experts help clients to design reports customized to their needs.

Security & compliance

GMIPulse Subscription

An interactive business analytics platform; designed to assist clients in accessing and analyzing market data on real-time basis.

Start Your Free Trial
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies. More info X