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Vinyl Ester Market Size, Share & Trends Analysis Report By Type (Bisphenol A Diglycidyl Ether (DGEBA), Epoxy Phenol Novolac (EPN), Brominated Fire Retardant, and Others), By Application, By Regional Outlook and Forecast, 2024 - 2031

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    Report

  • 305 Pages
  • April 2024
  • Region: Global
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5972516
The Global Vinyl Ester Market size is expected to reach $1.9 billion by 2031, rising at a market growth of 6.3% CAGR during the forecast period. In the year 2023, the market attained a volume of 4,365.12 hundred tonnes, experiencing a growth of 20.4% (2020-2023).

The growing chemical processing industry in the Asia Pacific is driving the demand for vinyl ester resins to manufacture corrosion-resistant equipment such as storage tanks, pipes, and reactors. Thus, the Asia Pacific market captured 39.5% revenue share in the market 2023. In terms of volume Asia Pacific region would attain a volume of 2,887.66 hundred tonnes in the market 2031.The automotive industry in Asia Pacific is witnessing significant growth, driving the demand for lightweight materials like vinyl ester composites for vehicle components. For instance, according to the International Trade Administration's 2023 data.



Vinyl ester resins provide high mechanical strength, impact resistance, and dimensional stability, making them suitable for demanding applications such as aerospace, automotive, marine, and industrial components.

Additionally, Vinyl ester resins offer excellent corrosion resistance properties, making them ideal for manufacturing equipment such as storage tanks, pipelines, reactors, and scrubbers used in chemical processing plants. Thus, because of the growth in the chemical processing industry, the market is anticipated to increase significantly.

However, Vinyl ester resins may be perceived as a premium material option, leading to cost considerations that favor more economical alternatives. Vinyl ester manufacturers face competitive pricing pressure from alternative materials such as epoxy, polyester, phenolic, and thermoplastic resins. Thus, high cost compared to alternative materials can slow down the growth of the market.

Application Outlook

Based on application, the market is classified into pipes & tanks, paints & coatings, transportation, pulp & paper, and others. In 2023, the pipes & tanks segment witnessed 50.2% revenue share in the market. In terms of volume, the pipes & tanks segment would attain a volume of 3,201.77 hundred tonnes in the market 2028.



Type Outlook

By type, the market is categorized into bisphenol A diglycidyl ether (DGEBA), epoxy phenol novolac (EPN), brominated fire retardant, and others. The epoxy phenol novolac (EPN) segment covered 25.3% revenue share in the market in 2023. In terms of volume of 1,566.60 hundred tonnes in the market 2030.

Regional Outlook

Region-wise, the market is analysed across North America, Europe, Asia Pacific, and LAMEA. In 2023, the North America region procured 25.2% revenue share in the market. In terms of volume North America region would attain a volume of 1,468.43 hundred tonnes in the market 2031.

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
By Application (Volume, Hundred Tonnes, USD Billion, 2020-2031)
  • Pipes & Tanks
  • Paints & Coatings
  • Transportation
  • Pulp & Paper
  • Others
By Geography (Volume, Hundred Tonnes, USD Billion, 2020-2031)
  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Vinyl Ester Market, by Type
1.4.2 Global Vinyl Ester Market, by Application
1.4.3 Global Vinyl Ester Market, by Geography
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Opportunities
3.2.3 Market Restraints
3.2.4 Market Challenges
3.3 Porter’s Five Forces Analysis
Chapter 4. Global Vinyl Ester Market by Type
4.1 Global Bisphenol A Diglycidyl Ether (DGEBA) Market by Region
4.2 Global Epoxy Phenol Novolac (EPN) Market by Region
4.3 Global Brominated Fire Retardant Market by Region
4.4 Global Others Market by Region
Chapter 5. Global Vinyl Ester Market by Application
5.1 Global Pipes & Tanks Market by Region
5.2 Global Paints & Coatings Market by Region
5.3 Global Transportation Market by Region
5.4 Global Pulp & Paper Market by Region
5.5 Global Others Market by Region
Chapter 6. Global Vinyl Ester Market by Region
6.1 North America Vinyl Ester Market
6.1.1 North America Vinyl Ester Market by Type
6.1.1.1 North America Bisphenol A Diglycidyl Ether (DGEBA) Market by Country
6.1.1.2 North America Epoxy Phenol Novolac (EPN) Market by Country
6.1.1.3 North America Brominated Fire Retardant Market by Country
6.1.1.4 North America Others Market by Country
6.1.2 North America Vinyl Ester Market by Application
6.1.2.1 North America Pipes & Tanks Market by Country
6.1.2.2 North America Paints & Coatings Market by Country
6.1.2.3 North America Transportation Market by Country
6.1.2.4 North America Pulp & Paper Market by Country
6.1.2.5 North America Others Market by Country
6.1.3 North America Vinyl Ester Market by Country
6.1.3.1 US Vinyl Ester Market
6.1.3.1.1 US Vinyl Ester Market by Type
6.1.3.1.2 US Vinyl Ester Market by Application
6.1.3.2 Canada Vinyl Ester Market
6.1.3.2.1 Canada Vinyl Ester Market by Type
6.1.3.2.2 Canada Vinyl Ester Market by Application
6.1.3.3 Mexico Vinyl Ester Market
6.1.3.3.1 Mexico Vinyl Ester Market by Type
6.1.3.3.2 Mexico Vinyl Ester Market by Application
6.1.3.4 Rest of North America Vinyl Ester Market
6.1.3.4.1 Rest of North America Vinyl Ester Market by Type
6.1.3.4.2 Rest of North America Vinyl Ester Market by Application
6.2 Europe Vinyl Ester Market
6.2.1 Europe Vinyl Ester Market by Type
6.2.1.1 Europe Bisphenol A Diglycidyl Ether (DGEBA) Market by Country
6.2.1.2 Europe Epoxy Phenol Novolac (EPN) Market by Country
6.2.1.3 Europe Brominated Fire Retardant Market by Country
6.2.1.4 Europe Others Market by Country
6.2.2 Europe Vinyl Ester Market by Application
6.2.2.1 Europe Pipes & Tanks Market by Country
6.2.2.2 Europe Paints & Coatings Market by Country
6.2.2.3 Europe Transportation Market by Country
6.2.2.4 Europe Pulp & Paper Market by Country
6.2.2.5 Europe Others Market by Country
6.2.3 Europe Vinyl Ester Market by Country
6.2.3.1 Germany Vinyl Ester Market
6.2.3.1.1 Germany Vinyl Ester Market by Type
6.2.3.1.2 Germany Vinyl Ester Market by Application
6.2.3.2 UK Vinyl Ester Market
6.2.3.2.1 UK Vinyl Ester Market by Type
6.2.3.2.2 UK Vinyl Ester Market by Application
6.2.3.3 France Vinyl Ester Market
6.2.3.3.1 France Vinyl Ester Market by Type
6.2.3.3.2 France Vinyl Ester Market by Application
6.2.3.4 Russia Vinyl Ester Market
6.2.3.4.1 Russia Vinyl Ester Market by Type
6.2.3.4.2 Russia Vinyl Ester Market by Application
6.2.3.5 Spain Vinyl Ester Market
6.2.3.5.1 Spain Vinyl Ester Market by Type
6.2.3.5.2 Spain Vinyl Ester Market by Application
6.2.3.6 Italy Vinyl Ester Market
6.2.3.6.1 Italy Vinyl Ester Market by Type
6.2.3.6.2 Italy Vinyl Ester Market by Application
6.2.3.7 Rest of Europe Vinyl Ester Market
6.2.3.7.1 Rest of Europe Vinyl Ester Market by Type
6.2.3.7.2 Rest of Europe Vinyl Ester Market by Application
6.3 Asia Pacific Vinyl Ester Market
6.3.1 Asia Pacific Vinyl Ester Market by Type
6.3.1.1 Asia Pacific Bisphenol A Diglycidyl Ether (DGEBA) Market by Country
6.3.1.2 Asia Pacific Epoxy Phenol Novolac (EPN) Market by Country
6.3.1.3 Asia Pacific Brominated Fire Retardant Market by Country
6.3.1.4 Asia Pacific Others Market by Country
6.3.2 Asia Pacific Vinyl Ester Market by Application
6.3.2.1 Asia Pacific Pipes & Tanks Market by Country
6.3.2.2 Asia Pacific Paints & Coatings Market by Country
6.3.2.3 Asia Pacific Transportation Market by Country
6.3.2.4 Asia Pacific Pulp & Paper Market by Country
6.3.2.5 Asia Pacific Others Market by Country
6.3.3 Asia Pacific Vinyl Ester Market by Country
6.3.3.1 China Vinyl Ester Market
6.3.3.1.1 China Vinyl Ester Market by Type
6.3.3.1.2 China Vinyl Ester Market by Application
6.3.3.2 Japan Vinyl Ester Market
6.3.3.2.1 Japan Vinyl Ester Market by Type
6.3.3.2.2 Japan Vinyl Ester Market by Application
6.3.3.3 India Vinyl Ester Market
6.3.3.3.1 India Vinyl Ester Market by Type
6.3.3.3.2 India Vinyl Ester Market by Application
6.3.3.4 South Korea Vinyl Ester Market
6.3.3.4.1 South Korea Vinyl Ester Market by Type
6.3.3.4.2 South Korea Vinyl Ester Market by Application
6.3.3.5 Singapore Vinyl Ester Market
6.3.3.5.1 Singapore Vinyl Ester Market by Type
6.3.3.5.2 Singapore Vinyl Ester Market by Application
6.3.3.6 Malaysia Vinyl Ester Market
6.3.3.6.1 Malaysia Vinyl Ester Market by Type
6.3.3.6.2 Malaysia Vinyl Ester Market by Application
6.3.3.7 Rest of Asia Pacific Vinyl Ester Market
6.3.3.7.1 Rest of Asia Pacific Vinyl Ester Market by Type
6.3.3.7.2 Rest of Asia Pacific Vinyl Ester Market by Application
6.4 LAMEA Vinyl Ester Market
6.4.1 LAMEA Vinyl Ester Market by Type
6.4.1.1 LAMEA Bisphenol A Diglycidyl Ether (DGEBA) Market by Country
6.4.1.2 LAMEA Epoxy Phenol Novolac (EPN) Market by Country
6.4.1.3 LAMEA Brominated Fire Retardant Market by Country
6.4.1.4 LAMEA Others Market by Country
6.4.2 LAMEA Vinyl Ester Market by Application
6.4.2.1 LAMEA Pipes & Tanks Market by Country
6.4.2.2 LAMEA Paints & Coatings Market by Country
6.4.2.3 LAMEA Transportation Market by Country
6.4.2.4 LAMEA Pulp & Paper Market by Country
6.4.2.5 LAMEA Others Market by Country
6.4.3 LAMEA Vinyl Ester Market by Country
6.4.3.1 Brazil Vinyl Ester Market
6.4.3.1.1 Brazil Vinyl Ester Market by Type
6.4.3.1.2 Brazil Vinyl Ester Market by Application
6.4.3.2 Argentina Vinyl Ester Market
6.4.3.2.1 Argentina Vinyl Ester Market by Type
6.4.3.2.2 Argentina Vinyl Ester Market by Application
6.4.3.3 UAE Vinyl Ester Market
6.4.3.3.1 UAE Vinyl Ester Market by Type
6.4.3.3.2 UAE Vinyl Ester Market by Application
6.4.3.4 Saudi Arabia Vinyl Ester Market
6.4.3.4.1 Saudi Arabia Vinyl Ester Market by Type
6.4.3.4.2 Saudi Arabia Vinyl Ester Market by Application
6.4.3.5 South Africa Vinyl Ester Market
6.4.3.5.1 South Africa Vinyl Ester Market by Type
6.4.3.5.2 South Africa Vinyl Ester Market by Application
6.4.3.6 Nigeria Vinyl Ester Market
6.4.3.6.1 Nigeria Vinyl Ester Market by Type
6.4.3.6.2 Nigeria Vinyl Ester Market by Application
6.4.3.7 Rest of LAMEA Vinyl Ester Market
6.4.3.7.1 Rest of LAMEA Vinyl Ester Market by Type
6.4.3.7.2 Rest of LAMEA Vinyl Ester Market by Application
Chapter 7. Company Profiles
7.1 INEOS Group Holdings S.A.
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expenses
7.1.5 Recent strategies and developments:
7.1.5.1 Acquisition and Mergers:
7.1.6 SWOT Analysis
7.2 DIC Corporation
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expenses
7.2.5 SWOT Analysis
7.3 Ashland Inc.
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expenses
7.3.5 SWOT Analysis
7.4 Hexion Inc. (Hexion Intermediate Holding 2, Inc.)
7.4.1 Company Overview
7.4.2 SWOT Analysis
7.5 Allnex GMBH (PTT Global Chemical Public Company Limited)
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Recent strategies and developments:
7.5.4.1 Partnerships, Collaborations, and Agreements:
7.5.5 SWOT Analysis
7.6 Swancor Holding Co., Ltd.
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Regional Analysis
7.6.4 Research & Development Expenses
7.6.5 SWOT Analysis
7.7 Sino Polymer Co., Ltd.
7.7.1 Company Overview
7.7.2 SWOT Analysis
7.8 Interplastic Corporation (IP Corporation)
7.8.1 Company Overview
7.8.2 SWOT Analysis
7.9 Resonac Holdings Corporation
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 Segmental and Regional Analysis
7.9.4 Research & Development Expenses
7.9.5 SWOT Analysis
7.10. Polynt S.p.A.
7.10.1 Company Overview
7.10.2 Recent strategies and developments:
7.10.2.1 Geographical Expansions:
7.10.3 SWOT Analysis
Chapter 8. Winning Imperatives of Vinyl Ester Market

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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