The Latin America, Middle East and Africa Vinyl Ester Market would witness market growth of 7.9% CAGR during the forecast period (2024-2031). In the year 2027, the LAMEA market's volume is expected to surge to 430.46 hundred tonnes, showcasing a growth of 5.9% (2024-2031).
Vinyl ester resins find extensive application in paints and coatings due to their exceptional corrosion resistance, chemical durability, and superior adhesion properties. Thus, the Brazil market would utilize 70.16 vinyl ester in paint and coating by 2030.
The Brazil market dominated the LAMEA Vinyl Ester Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $41.6 million by 2031. Argentina market is showcasing a CAGR of 9.1% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 7.6% during (2024 - 2031).
Vinyl ester resins manufacture lightweight composite components such as body panels, hoods, spoilers, and interior parts for automobiles, buses, trucks, and trains.
Additionally, Vinyl ester resins are corrosion-resistant coatings for metal components in automotive and transportation applications to extend their service life and improve durability.
As per the International Trade Administration (ITA), the United Arab Emirates is among the world's top ten oil producers in 2022. Approximately 96% of the nation's estimated 100 billion barrels of known oil reserves are in Abu Dhabi, ranked sixth globally.
Based on Type, the market is segmented into Bisphenol A Diglycidyl Ether (DGEBA), Epoxy Phenol Novolac (EPN), Brominated Fire Retardant, and Others. Based on Application, the market is segmented into Pipes & Tanks, Paints & Coatings, Transportation, Pulp & Paper, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Vinyl ester resins find extensive application in paints and coatings due to their exceptional corrosion resistance, chemical durability, and superior adhesion properties. Thus, the Brazil market would utilize 70.16 vinyl ester in paint and coating by 2030.
The Brazil market dominated the LAMEA Vinyl Ester Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $41.6 million by 2031. Argentina market is showcasing a CAGR of 9.1% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 7.6% during (2024 - 2031).
Vinyl ester resins manufacture lightweight composite components such as body panels, hoods, spoilers, and interior parts for automobiles, buses, trucks, and trains.
Additionally, Vinyl ester resins are corrosion-resistant coatings for metal components in automotive and transportation applications to extend their service life and improve durability.
As per the International Trade Administration (ITA), the United Arab Emirates is among the world's top ten oil producers in 2022. Approximately 96% of the nation's estimated 100 billion barrels of known oil reserves are in Abu Dhabi, ranked sixth globally.
Based on Type, the market is segmented into Bisphenol A Diglycidyl Ether (DGEBA), Epoxy Phenol Novolac (EPN), Brominated Fire Retardant, and Others. Based on Application, the market is segmented into Pipes & Tanks, Paints & Coatings, Transportation, Pulp & Paper, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
List of Key Companies Profiled
- INEOS Group Holdings S.A.
- DIC Corporation
- Ashland Inc.
- Hexion Inc. (Hexion Intermediate Holding 2, Inc.)
- Allnex GMBH (PTT Global Chemical Public Company Limited)
- Swancor Holding Co., Ltd.
- Sino Polymer Co., Ltd.
- Interplastic Corporation (IP Corporation)
- Resonac Holdings Corporation
- Polynt S.p.A.
Market Report Segmentation
By Type (Volume, Hundred Tonnes, USD Billion, 2020-2031)- Bisphenol A Diglycidyl Ether (DGEBA)
- Epoxy Phenol Novolac (EPN)
- Brominated Fire Retardant
- Others
- Pipes & Tanks
- Paints & Coatings
- Transportation
- Pulp & Paper
- Others
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. LAMEA Vinyl Ester Market by Type
Chapter 5. LAMEA Vinyl Ester Market by Application
Chapter 6. LAMEA Vinyl Ester Market by Country
Chapter 7. Company Profiles
Companies Mentioned
- INEOS Group Holdings S.A.
- DIC Corporation
- Ashland Inc.
- Hexion Inc. (Hexion Intermediate Holding 2, Inc.)
- Allnex GMBH (PTT Global Chemical Public Company Limited)
- Swancor Holding Co., Ltd.
- Sino Polymer Co., Ltd.
- Interplastic Corporation (IP Corporation)
- Resonac Holdings Corporation
- Polynt S.p.A.
Methodology
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