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Vinyl Ester Market Size

  • Report ID: GMI2992
  • Published Date: May 2021
  • Report Format: PDF

Vinyl Ester Market Size

Vinyl Ester Market size was USD 1.09 billion in 2020 and is estimated to exhibit a CAGR of over 6.7% from 2021 to 2027. Rapidly growing demand for pipes due to the increasing need for energy & water resources is anticipated to drive vinyl ester demand in the coming years. Also, growing demand for clean energy is likely to fuel product demand in wind turbines.

 

Vinyl ester resins are polymer resins prepared by the esterification of a liquid epoxy resin with unsaturated monocarboxylic acids and are used where improved strength & chemical resistance are required. The demand for vinyl ester-based high-quality fiberglass piping has been observing an upward trend in recent years. These pipes exhibit exceptional fatigue resistance, adhesion, impact strength, low shrinkage, and chemical resistance, which lead to their long-term performance.

 

Vinyl Ester Market Outlook

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The last decade observed a significant substitution of metals with vinyl ester as they tend to be about four times lighter than steel and five times lighter than ductile pipes. The livelihood of the future will entail smart buildings, smart energy, smart mobility, and smart pipe technology. This is likely to result in a robust demand for pipes every year, presenting significant potential for the vinyl ester market share by 2027.
 

Authors: Kiran Pulidindi

Frequently Asked Questions (FAQ) :

Vinyl ester market share in 2020 reached nearly USD 1.09 million and it will grow at a CAGR of over 6.7% through 2027.

Bisphenol A dominated vinyl ester industry trends with over 60% revenue share in 2020 and is likely to increase at a CAGR of 6.5% up to 2027.

Vinyl esters market share from wind energy applications could reach USD 141.3 million by 2027.

North America held over one-fourth revenue share of vinyl ester industry in 2020 and could grow at a 6.6% CAGR through 2027.

Vinyl Ester Market Scope

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Premium Report Details

  • Base Year: 2020
  • Companies covered: 12
  • Tables & Figures: 200
  • Countries covered: 22
  • Pages: 215
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