Product Code: CH 5719
The global vinyl ester market is projected to grow from USD 1.04 billion in 2024 to USD 1.29 billion by 2029, at a CAGR of 4.4% during the forecast period. The growing demand for Vinyl ester in composites market, coupled with increased research and development in vinyl ester, is one of the key driver that is boosting the vinyl ester market.
Scope of the Report |
Years Considered for the Study | 2020-2029 |
Base Year | 2023 |
Forecast Period | 2024-2029 |
Units Considered | Value (USD Million), and Volume (Tons) |
Segments | Product Type, End-use Industry, and Region |
Regions covered | North America, Asia Pacific, Europe, Middle East & Africa, and South America |
"Novolac segment, by type, is estimated to account for the second largest share during the forecast period"
The novolac segment is projected to secure the second largest share in the forecast period, primarily fueled by its extensive application in the marine industries. Novolac vinyl ester play a crucial role in marine & automotive industry. The segment's significance is further underscored by the increasing demand for novolac vinyl ester in diverse sectors, including infrastructure, automotive and chemical processing sector. This broader utilization is expected to contribute to the sustained growth of the novolac segment in the vinyl ester market.
"By end-use, marine industry is accounted for the second largest share during the forecast period"
Marine industry are well-known for hull construction and structural components. They're also widely used in corrosion protection and the automotive industry. Notably, they features an light weight, corrosion resistant, and high performance materials. The anticipated surge in demand for vinyl ester is fueled by their high durability and chemical resistant characteristics. Their lightweight design and corrosion resistant make them ideal for various applications including hull construction and structural components, providing a more efficient and sustainable marine solutions. Therefore, the lightweight and high durability characteristics of vinyl ester are expected to drive the vinyl ester market.
"North America region is estimated to account for the second largest share during the forecast period"
North America is expected to be the second-largest market for vinyl ester. US is among the key player in the region, which is driven by pipes & tanks and marine industry, with a rise in the demand for composite materials. As a major contributor to the pipes & tanks industry, US emerges as a favorable market for various composites, particularly those using vinyl ester. Additionally, the ongoing transition to sustainable sources in the country is expected to boost the market further, contributing to the overall growth of the North American vinyl ester market.
Profile break-up of primary participants for the report:
- By Company Type: Tier 1 - 65%, Tier 2 - 20%, and Tier 3 - 15%
- By Designation: C-level- 25%, Director Level- 30%, and Others - 45%
- By Region: North America - 20%, Europe - 15%, Asia Pacific - 55%, Middle East & Africa - 3%, South America - 7%
INEOS Composites (US), Polynt S.p.A. (Italy), AOC (US), Interplastic Corporation (US), and SWANCOR (Taiwan) are some of the major players operating in the Vinyl ester market. These players have adopted strategies such as acquisitions, partnerships, and expansions in order to increase their market share business revenue.
Research Coverage:
The report defines, segments, and projects the vinyl ester market based on product type, end-use, and region. It provides detailed information regarding the major factors influencing the growth of the market, such as drivers, restraints, opportunities, and challenges. It strategically profiles, vinyl ester manufacturers and comprehensively analyses their market shares and core competencies as well as tracks and analyzes competitive developments, such as expansions, partnerships, agreements, and acquisitions, undertaken by them in the market.
Reasons to Buy the Report:
The report is expected to help the market leaders/new entrants in the market by providing them the closest approximations of revenue numbers of the vinyl ester market and its segments. This report is also expected to help stakeholders obtain an improved understanding of the competitive landscape of the market, gain insights to improve the position of their businesses, and make suitable go-to-market strategies. It also enables stakeholders to understand the pulse of the market and provide them information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
- Analysis of key drivers (superior chemical resistance, growth in pipes & tank sector), restraints (low shelf life of vinyl ester, availability of substitutes, toxicity of resins), opportunities (increasing installation of wind turbines, increasing use of vinyl ester in railways), and challenges (fluctuation of raw material prices) influencing the growth of the vinyl ester market.
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities in the Vinyl ester market.
- Market Development: Comprehensive information about lucrative markets - the report analyses the Vinyl ester market across varied regions.
- Market Diversification: Exhaustive information about new products, various types, untapped geographies, recent developments, and investments in the Vinyl ester market.
- Competitive Assessment: In-depth assessment of market shares, growth strategies and product offerings of leading players such as INEOS Composites (US), Polynt S.p.A. (Italy), AOC (US), Interplastic Corporation (US), SWANCOR (Taiwan), Reichhold LLC (US), Sino Polymer Co., Ltd. (China), Resonac Holdings Corporation (Japan), Bufa Composites (Germany), Scott Bader Company Ltd. (UK), Allnex GmbH (Germany), Hexion Inc. (US), Poliya (Turkey), DIC Corporation (Japan), Nivitex Fibreglass & Resins (South Africa) and others in the Vinyl ester market.
TABLE OF CONTENTS
1 INTRODUCTION
- 1.1 STUDY OBJECTIVES
- 1.2 MARKET DEFINITION
- 1.2.1 INCLUSIONS AND EXCLUSIONS
- 1.3 STUDY SCOPE
- 1.3.1 MARKETS COVERED
- 1.3.2 YEARS CONSIDERED
- 1.3.3 CURRENCY CONSIDERED
- 1.3.4 UNIT CONSIDERED
- 1.4 LIMITATIONS
- 1.5 STAKEHOLDERS
- 1.6 SUMMARY OF CHANGES
- 1.6.1 IMPACT OF AI/GEN AI
2 RESEARCH METHODOLOGY
- 2.1 RESEARCH DATA
- 2.1.1 SECONDARY DATA
- 2.1.1.1 Key data from secondary sources
- 2.1.2 PRIMARY DATA
- 2.1.2.1 Key data from primary sources
- 2.1.2.2 Breakdown of interviews with experts
- 2.2 DEMAND-SIDE ANALYSIS
- 2.3 MARKET SIZE ESTIMATION
- 2.3.1 BOTTOM-UP APPROACH
- 2.3.2 TOP-DOWN APPROACH
- 2.3.2.1 Calculations for supply-side analysis
- 2.4 GROWTH FORECAST
- 2.5 DATA TRIANGULATION
- 2.6 RESEARCH ASSUMPTIONS
- 2.7 RESEARCH LIMITATIONS
- 2.8 RISK ASSESSMENT
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
- 4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN VINYL ESTER MARKET
- 4.2 VINYL ESTER MARKET, BY REGION
- 4.3 VINYL ESTER MARKET, BY PRODUCT TYPE
- 4.4 VINYL ESTER MARKET, BY END-USE INDUSTRY
5 MARKET OVERVIEW
- 5.1 INTRODUCTION
- 5.2 MARKET DYNAMICS
- 5.2.1 DRIVERS
- 5.2.1.1 Superior chemical resistance
- 5.2.1.2 Booming pipes & tanks sector
- 5.2.2 RESTRAINTS
- 5.2.2.1 Low shelf life
- 5.2.2.2 Availability of substitutes
- 5.2.2.3 High toxicity of resins
- 5.2.3 OPPORTUNITIES
- 5.2.3.1 Increasing installation of wind turbines
- 5.2.3.2 Growing use of vinyl esters in railways
- 5.2.4 CHALLENGES
- 5.2.4.1 Fluctuating raw material prices
- 5.3 PORTER'S FIVE FORCES ANALYSIS
- 5.3.1 BARGAINING POWER OF SUPPLIERS
- 5.3.2 BARGAINING POWER OF BUYERS
- 5.3.3 THREAT OF NEW ENTRANTS
- 5.3.4 THREAT OF SUBSTITUTES
- 5.3.5 INTENSITY OF COMPETITIVE RIVALRY
6 INDUSTRY TRENDS
- 6.1 MACROECONOMIC OUTLOOK
- 6.1.1 GDP
- 6.1.2 RESEARCH & DEVELOPMENT EXPENDITURE
- 6.1.3 GROWTH OF PIPES & TANKS SEGMENT
- 6.2 SUPPLY CHAIN ANALYSIS
- 6.3 ECOSYSTEM ANALYSIS
- 6.4 PRICING ANALYSIS
- 6.4.1 AVERAGE PRICE OF VINYL ESTER, BY PRODUCT TYPE, 2023
- 6.5 TARIFF & REGULATORY LANDSCAPE
- 6.5.1 TARIFF DATA
- 6.5.2 REGULATORY LANDSCAPE
- 6.5.2.1 Regulatory bodies, government agencies, and other organizations
- 6.6 KEY CONFERENCES & EVENTS, 2024-2025
- 6.7 KEY STAKEHOLDERS & BUYING CRITERIA
- 6.7.1 KEY STAKEHOLDERS IN BUYING PROCESS
- 6.7.2 BUYING CRITERIA
- 6.8 PATENT ANALYSIS
- 6.9 TECHNOLOGY ANALYSIS
- 6.9.1 KEY TECHNOLOGIES
- 6.9.1.1 Bio-based vinyl ester resins
- 6.9.2 ADJACENT TECHNOLOGIES
- 6.9.2.1 Thermoplastic resins
- 6.10 TRADE ANALYSIS
- 6.10.1 IMPORT DATA
- 6.10.2 EXPORT DATA
- 6.11 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS' BUSINESSES
- 6.12 INVESTMENT & FUNDING SCENARIO
- 6.13 IMPACT OF GENERATIVE AI ON VINYL ESTER MARKET
- 6.13.1 PROCESS OPTIMIZATION
- 6.13.2 QUALITY CONTROL
- 6.13.3 SUPPLY CHAIN MANAGEMENT
7 VINYL ESTER MARKET, BY PRODUCT TYPE
- 7.1 INTRODUCTION
- 7.2 BISPHENOL A
- 7.2.1 ENHANCED CHEMICAL RESISTANCE, MECHANICAL STRENGTH, AND LONGEVITY TO DRIVE MARKET
- 7.3 NOVOLAC
- 7.3.1 RISING USE IN CHEMICAL PROCESSING FACTORIES AND WASTE TREATMENT FACILITIES TO FAVOR GROWTH
- 7.4 BROMINATED FIRE RETARDANT
- 7.4.1 RISING EMPHASIS ON FIRE SAFETY TO FUEL MARKET
- 7.5 ELASTOMER-MODIFIED
- 7.5.1 IMPROVED FLEXIBILITY, IMPACT RESISTANCE, AND DURABILITY TO EXPEDITE GROWTH
- 7.6 OTHER PRODUCT TYPES
8 VINYL ESTER MARKET, BY END-USE INDUSTRY
- 8.1 INTRODUCTION
- 8.2 PIPES & TANKS
- 8.2.1 LOWER MAINTENANCE COSTS AND DOWNTIME TO SUPPORT GROWTH
- 8.3 MARINE
- 8.3.1 BOOMING BOAT AND SHIP-BUILDING ACTIVITIES TO PROMOTE GROWTH
- 8.4 WIND ENERGY
- 8.4.1 INCREASED FOCUS ON RENEWABLE ENERGY SOURCES TO PROPEL MARKET
- 8.5 FGD & PRECIPITATORS
- 8.5.1 GROWING UTILIZATION IN POWER STATIONS AND INDUSTRIAL FACILITIES TO AID MARKET GROWTH
- 8.6 BUILDING & CONSTRUCTION
- 8.6.1 GLOBAL TREND TOWARD INFRASTRUCTURE DEVELOPMENT AND RESTORATION PROJECTS TO AUGMENT GROWTH
- 8.7 LAND TRANSPORTATION
- 8.7.1 RISING NEED FOR DURABLE AND IMPACT-RESISTANT MATERIALS TO STIMULATE GROWTH
- 8.8 AEROSPACE & DEFENSE
- 8.8.1 INCREASING MILITARY AND COMMERCIAL AIRCRAFT MANUFACTURING TO FACILITATE GROWTH
- 8.9 OTHER END-USE INDUSTRIES
9 VINYL ESTER MARKET, BY REGION
- 9.1 INTRODUCTION
- 9.2 ASIA PACIFIC
- 9.2.1 CHINA
- 9.2.1.1 Growing environmental concerns and regulatory requirements for limiting emissions to propel market
- 9.2.2 JAPAN
- 9.2.2.1 Rising demand for corrosion-resistant materials in infrastructure projects to expedite growth
- 9.2.3 INDIA
- 9.2.3.1 Increasing population and rapidly growing economy to accelerate growth
- 9.2.4 AUSTRALIA & NEW ZEALAND
- 9.2.4.1 Increased commitment toward environmental sustainability to sustain growth
- 9.2.5 SOUTH KOREA
- 9.2.5.1 Rising urbanization and ongoing infrastructure initiatives to contribute to market growth
- 9.2.6 INDONESIA
- 9.2.6.1 Increasing emphasis on renewable energy and maritime operations to fuel market
- 9.2.7 REST OF ASIA PACIFIC
- 9.3 EUROPE
- 9.3.1 GERMANY
- 9.3.1.1 Rising emphasis on sustainable construction methods to boost market
- 9.3.2 UK
- 9.3.2.1 Booming aircraft component manufacturing industry to augment growth
- 9.3.3 FRANCE
- 9.3.3.1 Increasing focus on industrial modernization to support market growth
- 9.3.4 ITALY
- 9.3.4.1 Increasing demand from aerospace & defense and marine sectors to fuel market
- 9.3.5 TURKEY
- 9.3.5.1 Booming wind energy sector to favor market growth
- 9.3.6 REST OF EUROPE
- 9.4 NORTH AMERICA
- 9.4.1 US
- 9.4.1.1 Dominant presence of chemical, marine, and automotive industries to boost market
- 9.4.2 CANADA
- 9.4.2.1 Rising demand for high-performance materials in building & construction sector to aid growth
- 9.4.3 MEXICO
- 9.4.3.1 Growing demand for vinyl ester in pipes & tanks and aerospace & defense sectors to support market growth
- 9.5 MIDDLE EAST & AFRICA
- 9.5.1 SAUDI ARABIA
- 9.5.1.1 Need for chemical-resistant materials in transit systems and railway applications to drive growth
- 9.5.2 UAE
- 9.5.2.1 Rising use in infrastructure and industrial applications to boost market
- 9.5.3 SOUTH AFRICA
- 9.5.3.1 Increased demand for high-performance materials in aerospace and military industries to favor market growth
- 9.5.4 REST OF MIDDLE EAST & AFRICA
- 9.6 SOUTH AMERICA
- 9.6.1 BRAZIL
- 9.6.1.1 Rising disposable incomes to speed up market growth
- 9.6.2 ARGENTINA
- 9.6.2.1 Growing focus on increasing military capabilities to fuel market
- 9.6.3 REST OF SOUTH AMERICA
10 COMPETITIVE LANDSCAPE
- 10.1 INTRODUCTION
- 10.2 KEY PLAYER STRATEGY/RIGHT TO WIN
- 10.2.1 OVERVIEW OF STRATEGIES ADOPTED BY KEY MARKET PLAYERS, 2020-2024
- 10.3 REVENUE ANALYSIS, 2019-2023
- 10.4 MARKET SHARE ANALYSIS, 2022-2023
- 10.4.1 INEOS COMPOSITES (US)
- 10.4.2 POLYNT S.P.A (ITALY)
- 10.4.3 AOC (US)
- 10.4.4 INTERPLASTIC CORPORATION (US)
- 10.4.5 SWANCOR (TAIWAN)
- 10.5 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
- 10.5.1 STARS
- 10.5.2 EMERGING LEADERS
- 10.5.3 PERVASIVE PLAYERS
- 10.5.4 PARTICIPANTS
- 10.5.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
- 10.5.5.1 Company footprint
- 10.5.5.2 Product type footprint
- 10.5.5.3 End-use industry footprint
- 10.5.5.4 Region footprint
- 10.6 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
- 10.6.1 PROGRESSIVE COMPANIES
- 10.6.2 RESPONSIVE COMPANIES
- 10.6.3 DYNAMIC COMPANIES
- 10.6.4 STARTING BLOCKS
- 10.6.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023
- 10.7 COMPANY VALUATION & FINANCIAL METRICS
- 10.8 BRAND/PRODUCT COMPARISON
- 10.8.1 INEOS COMPOSITES
- 10.8.2 POLYNT S.P.A.
- 10.8.3 AOC
- 10.8.4 INTERPLASTIC CORPORATION
- 10.8.5 SWANCOR
- 10.9 COMPETITIVE SCENARIO
- 10.9.1 DEALS
- 10.9.2 EXPANSIONS
11 COMPANY PROFILES
- 11.1 KEY PLAYERS
- 11.1.1 INEOS COMPOSITES
- 11.1.1.1 Business overview
- 11.1.1.2 Products offered
- 11.1.1.3 MnM view
- 11.1.1.3.1 Right to win
- 11.1.1.3.2 Strategic choices
- 11.1.1.3.3 Weaknesses and competitive threats
- 11.1.2 POLYNT S.P.A.
- 11.1.2.1 Business overview
- 11.1.2.2 Products offered
- 11.1.2.3 MnM view
- 11.1.2.3.1 Right to win
- 11.1.2.3.2 Strategic choices
- 11.1.2.3.3 Weaknesses and competitive threats
- 11.1.3 AOC
- 11.1.3.1 Business overview
- 11.1.3.2 Products offered
- 11.1.3.3 Recent developments
- 11.1.3.4 MnM view
- 11.1.3.4.1 Right to win
- 11.1.3.4.2 Strategic choices
- 11.1.3.4.3 Weaknesses and competitive threats
- 11.1.4 INTERPLASTIC CORPORATION
- 11.1.4.1 Business overview
- 11.1.4.2 Products offered
- 11.1.4.3 MnM view
- 11.1.4.3.1 Right to win
- 11.1.4.3.2 Strategic choices
- 11.1.4.3.3 Weaknesses and competitive threats
- 11.1.5 SWANCOR
- 11.1.5.1 Business overview
- 11.1.5.2 Products offered
- 11.1.5.3 MnM view
- 11.1.5.3.1 Right to win
- 11.1.5.3.2 Strategic choices
- 11.1.5.3.3 Weaknesses and competitive threats
- 11.1.6 REICHHOLD LLC
- 11.1.6.1 Business overview
- 11.1.6.2 Products offered
- 11.1.6.3 MnM view
- 11.1.6.3.1 Right to win
- 11.1.6.3.2 Strategic choices
- 11.1.6.3.3 Weaknesses and competitive threats
- 11.1.7 SINO POLYMER CO.
- 11.1.7.1 Business overview
- 11.1.7.2 Products offered
- 11.1.7.3 MnM view
- 11.1.7.3.1 Right to win
- 11.1.7.3.2 Strategic choices
- 11.1.7.3.3 Weaknesses and competitive threats
- 11.1.8 RESONAC HOLDINGS CORPORATION
- 11.1.8.1 Business overview
- 11.1.8.2 Products offered
- 11.1.9 BUFA COMPOSITES
- 11.1.9.1 Business overview
- 11.1.9.2 Products offered
- 11.1.9.3 Recent developments
- 11.1.10 SCOTT BADER COMPANY LTD.
- 11.1.10.1 Business overview
- 11.1.10.2 Products offered
- 11.1.10.3 Recent developments
- 11.1.10.3.1 Deals
- 11.1.10.3.2 Expansions
- 11.1.11 ALLNEX GMBH
- 11.1.11.1 Business overview
- 11.1.11.2 Products offered
- 11.1.11.3 Recent developments
- 11.1.12 HEXION INC.
- 11.1.12.1 Business overview
- 11.1.12.2 Products offered
- 11.1.13 POLIYA
- 11.1.13.1 Business overview
- 11.1.13.2 Products offered
- 11.1.14 DIC CORPORATION
- 11.1.14.1 Business overview
- 11.1.14.2 Products offered
- 11.1.15 NIVITEX FIBREGLASS & RESINS
- 11.1.15.1 Business overview
- 11.1.15.2 Products offered
- 11.2 OTHER PLAYERS
- 11.2.1 CHANGZHOU TIANMA GROUP CO., LTD.
- 11.2.2 MECHEMCO
- 11.2.3 ECE BOYA KIMYA
- 11.2.4 ANDARA RESINS, LLC
- 11.2.5 ORCA COMPOSITES
- 11.2.6 SATYEN POLYMERS PVT. LTD.
- 11.2.7 ITW PERFORMANCE POLYMERS
- 11.2.8 WEE TEE TONG CHEMICALS PTE LTD.
- 11.2.9 PLIOGRIP RESINS & CHEMICALS
- 11.2.10 CREST SPECIALTY RESINS
- 11.2.11 REVEX PLASTICIZERS PVT. LTD.
- 11.2.12 RESOLTECH
- 11.2.13 PROTECTIVE INDUSTRIAL POLYMERS
- 11.2.14 HELIOS RESINS
- 11.2.15 ADVANCE COATINGS COMPANY
- 11.2.16 ARJAY TECHNOLOGIES
12 ADJACENT AND RELATED MARKETS
- 12.1 INTRODUCTION
- 12.2 STUDY LIMITATIONS
- 12.3 INTERCONNECTED MARKETS
- 12.4 EPOXY RESIN MARKET
- 12.4.1 MARKET DEFINITION
- 12.4.2 MARKET OVERVIEW
- 12.4.3 EPOXY RESIN MARKET, BY PHYSICAL FORM
- 12.5 SOLID EPOXY RESIN
- 12.5.1 GROWING DEMAND FOR LIGHTWEIGHT MATERIALS AND HIGH-PERFORMANCE COMPOSITES TO DRIVE MARKET
- 12.6 LIQUID EPOXY RESIN
- 12.6.1 INCREASING DEMAND FROM AUTOMOTIVE, OIL & GAS, AND CONSTRUCTION INDUSTRIES TO FUEL MARKET
- 12.7 SOLUTION EPOXY RESIN
- 12.7.1 RISING CONSTRUCTION ACTIVITIES AND CONSUMER GOODS MANUFACTURING TO BOOST MARKET
13 APPENDIX
- 13.1 DISCUSSION GUIDE
- 13.2 KNOWLEDGESTORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
- 13.3 CUSTOMIZATION OPTIONS
- 13.4 RELATED REPORTS
- 13.5 AUTHOR DETAILS