Vinyl Ester Market Size

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.

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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.