Pune, India -- (SBWIRE) -- 03/20/2018 -- Segmentation

The Global Vinyl Ester Market is segmented on the basis of product type, end use industry, and region. Based on the fiber type, the market is divided into bisphenol a, brominated vinyl ester, vinyl ester modified, and others. On the basis of the end use industry, the Global Vinyl Ester Market is segmented onto pipes & tanks, marine, wind energy, oil & gas, aerospace, construction, and others. Geographically, the markets is divided into five key regions namely Asia Pacific, North America, Europe, Latin America, and Middle East & Africa.

Key Players

Some of the prominent players in the Global Vinyl Ester Market are Ashland Global Holdings Inc. (U.S.), Interplastic Corporation (U.S.), Reinhold GmbH (Germany), Sino Polymer New Materials Co., Ltd. (China), Swancor Holding Co., Ltd. (China), AOC, LLC (U.S.), Showa Denko K.K. (Japan), Polynt S.p.A. (Italy), Scott Bader Company Ltd. (U.K), and allnex group (Germany).

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The Global Vinyl Ester Market consist of five key regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Asia Pacific holds the major share of the Global Vinyl Ester Market. The region accounts for over 25% share of the Global Vinyl Ester Market. India, Japan, and China are the major contributors to the growth of this region. The oil & gas, and wind energy sector is growing at the highest CAGR in this region owing to the huge investment by India and China in oil exploration and refining and renewable energy. Moreover, Vinyl Ester is used to produce reinforced glass fiber, which is also used to produce house building components such as roofing laminate, door surrounds, over-door canopies, window canopies and dormers, and chimneys. The construction industry in this region is booming owing to the population propulsion, thus, it is anticipated to propel the Vinyl Ester Market growth at the higher CAGR over the forecast period.

North America is a substantial region in the Global Vinyl Ester Market, after Asia Pacific. The U.S. is the largest market in this region owing to the presence of well-established end-use industries such as the marine industry. Increasing production of yachts and ships leads the growth of the marine industry. Since vinyl ester is resistant to water degradation, it prevents the entry of water into the ships and yachts. This, in turn, is expected favor market of Vinyl Ester composite in this region.

Europe is following North America in the Global Vinyl Ester Market. Major contributors to the regional market in this region are the U.K, France, Germany, and Italy. Aerospace and automotive industries in Europe are the major consumers of Vinyl Ester used in the manufacturing of reinforced fiber glass in this region, which is driving the growth of the regional market. Latin America is witnessing a steady growth of the end use industries in countries namely Brazil and Argentina. The marine industry in Brazil is estimated to gain a substantial momentum during the forecast period. In the coming years, the opportunities for Vinyl Ester material are expected to grow in the Middle East & African region due to rising end-use industries namely building & construction. Vinyl Ester is used in the manufacturing of roofing laminate, door surrounds, over-door canopies, window canopies and dormers, and chimneys.

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