Lucintel’s latest market report analyzed that vinyl ester resin provides attractive opportunities in the pipe and tank, construction, transportation, and paint & coatings industries. The vinyl ester resin market is expected to reach $1.1 billion by 2026 with a CAGR of 4.5%. In this market, bisphenol-A vinyl ester resin is the largest segment by chemistry type, whereas fiber reinforced plastic (FRP) is largest by end use industry. The development of styrene-free vinyl ester resin and emergence of bio-based vinyl ester resin provides strategic growth path in this market.
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Based on chemistry type, the vinyl ester resin market is segmented into bisphenol-A vinyl ester, novolac vinyl ester, brominated vinyl ester, and other chemistry. The bisphenol-A vinyl ester resin segment is accounted for the largest share of the market in 2020 due to its good mechanical and chemical resistance properties at a relatively lower cost and brominated vinyl ester resin is expected to register the highest CAGR during the forecast period due to its growing use in applications which require excellent resistance to heat, fire, and chemicals.
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97 – Tables
139 – Figures
190 – Pages
The vinyl ester resin market is marked by the presence of several big and small players. Some of the prominent players offering vinyl ester resin include Polynt Group, Ashland Inc, Aliancys A.G., AOC Resins, Swancor Ind. Co Ltd, Showa Denko K.K., Sino Polymer Co. Ltd., Scott Bader Co. Ltd, Allnex, and others.
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