Sarasota, FL -- (SBWire) -- 04/24/2019 --Global Vinyl Ester Market: Overview
Vinyl ester is a resin manufactured through esterification of epoxy resin with acrylic or methacrylic acids. The product is the hybrid form of polyester resin. It is also used for lining flue gas desulphurization. The chemical and thermal resistance characteristics of vinyl ester resin is higher than the traditional materials such as polyester resin, which makes them applicable in pipes and tanks, blades of a wind turbine, and yacht manufacturing.
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Global Vinyl Ester Market: Growth Factors
Favorable properties such as higher strength, ability to withstand water absorption, low viscosity, and corrosion resistance are anticipated to drive the growth of vinyl ester market in the years ahead. Additionally, increase in demand for flue gas desulfurization (FGD) deployment as a result of growing environmental concerns and enforcement of strict legislations to control the harmful emissions along with rise in popularity of corrosion resistant materials are factors driving the vinyl ester market growth. Major applications of vinyl ester resins in the FGD process include limestone slurry piping and stack liners. These resins can be used in new and retrofit FGD applications and in flake glass lining systems. Additionally, increase in infrastructural investments is boosting the vinyl ester market trends. Constant demand for vinyl ester in chemical and water & wastewater treatment end-use industries is also propelling the vinyl ester market size. However, low cost and easy availability of substitutes are hampering the vinyl ester market progression.
Global Vinyl Ester Market: Segmentation
The global vinyl ester market can be classified into product type and application. Based on the product type, the vinyl ester market is classified into Bisphenol A, Novolac, Brominated Fire Retardant, and Elastomer Modified. On the basis of application, the market is divided into Aerospace, Pipes & Tanks, Oil & Gas, Land Transportation, Marine, Wind Energy, Construction, FGD & Precipitators, and Pulp & Paper.
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Global Vinyl Ester Market: Regional Analysis
Based on region, the global vinyl ester market can be divided into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Asia Pacific is anticipated to contribute notably towards the global vinyl ester market size, owing to massive demand for the product across various industries such as water & wastewater treatment, chemical, pharmaceutical, food processing, and transportation in countries such as South Korea and China. Furthermore, immense availability of raw materials and capacity expansions in APAC region will further steer the growth of vinyl ester market in the region. Apart from this, rapid industrialization along with cost-effective production will result in exponential market growth in the region.
North America is projected to register a lucrative growth over the assessment period, subject to presence of well-established end-use sectors such as marine industry. Escalating manufacturing of yachts and ships will result in massive demand for vinyl ester, thereby accelerating the growth of vinyl ester market in the region. Moreover, Europe is projected to contribute remarkably towards the business sphere with countries such as Italy, UK, Germany, and France being the major regional revenue contributors. Additionally, the thriving aerospace and automotive sectors in Europe are expected to enhance the market scope in the region.
Vinyl ester market in Latin America is likely to witness a major surge in the years ahead with a steady demand for the product in countries such as Argentina and Brazil. The Middle East and African region will spur as well succor the growth of vinyl ester market over the coming years, owing to thriving building & construction activities witnessed in the region.
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Global Vinyl Ester Market: Competitive Players
Some of key players in vinyl ester market are Ashland Global Holdings Inc. (U.S.), Interplastic Corporation (U.S.), Reinchhold LLC 2 (U.S.), Sino Polymer Co., Ltd. (China), Swancor Holding Company Limited (Taiwan), AOC, LLC (U.S.), Showa Denko K.K. (Germany), and Polynt (Germany).
Global Vinyl Ester Market: Regional Segment Analysis
North America
The U.S.
Europe
The UK
France
Germany
The Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa
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Vinyl Ester Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2018–2026