Vinyl Ester Market by Application and Geography - Forecast and Analysis 2021-2025

  • Published: Nov 2021
  • Pages: 120
  • SKU: IRTNTR43954
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The vinyl ester market share is expected to increase by USD 350.65 million from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 3.54%.

This vinyl ester market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers vinyl ester market segmentation by application (pipes and tanks, marine, FGD, wind energy, and others) and geography (APAC, North America, Europe, South America, and MEA). The vinyl ester market report also offers information on several market vendors, including Allnex Netherlands BV, AOC LLC, Ashland Global Holdings Inc., DIC Corp., Hexion Inc., Interplastic Corp., Orca Composites, Reichhold LLC, SHOWA DENKO K.K., and Swancor Holding Co. Ltd. among others.

What will the Vinyl Ester Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Vinyl Ester Market Size for the Forecast Period and Other Important Statistics

 

Vinyl Ester Market: Key Drivers and Challenges

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The increased demand from corrosion-resistant pipes and storage tanks is notably driving the vinyl ester market growth, although factors such as the threat of substitutes may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the vinyl ester industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Vinyl Ester Market Driver

One of the key factors driving growth in the vinyl ester market is the increased demand for corrosion-resistant pipes and storage tanks. The corrosion of steel and other metal-based pipes and storage tanks is one of the challenges faced by certain industries, including the chemical, oil and gas, and wastewater treatment industries. Corrosion resistance is one of the key selling points of vinyl ester resins over conventional materials that are used for the manufacturing of pipes and storage tanks. Vinyl ester resins offer superior chemical resistance, low permeability, abrasion resistance, and flexibility, because of which they are used as matrix materials to fabricate FRP for manufacturing storage tanks and pipes. The FRP pipes and tank installations made of vinyl ester resins are more preferred to conventional materials due to their low cost and corrosion resistance to chemicals, alkalis, and other corrosive materials.

Key Vinyl Ester Market Challenge

The threat of substitutes will be a major challenge for the vinyl ester market. The presence of substitutes such as polyester resins, polyurethanes, epoxy, phenolic, and other resins poses a challenge to the growth of the global vinyl ester market as these substitutes exhibit similar characteristics as vinyl ester resins. Apart from this, the market faces a challenge from thermoplastic resins, including polypropylene, polyethylene, and polyvinyl chloride. The development of new solutions by thermoplastic and biodegradable resin manufacturers also poses a threat to the global vinyl ester market. The growing need for technological advances to acquire increased durability, stiffness, and fuel efficiency and cost reduction from secondary operations prefer advanced structural materials in the end-use industries. Therefore, the competition from advanced materials, thermoplastic resins, and other thermoset resins for manufacturing end-user industrial products will hamper the growth of the global vinyl ester market.

This vinyl ester market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Vinyl Ester Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Allnex Netherlands BV
  • AOC LLC
  • Ashland Global Holdings Inc.
  • DIC Corp.
  • Hexion Inc.
  • Interplastic Corp.
  • Orca Composites
  • Reichhold LLC
  • SHOWA DENKO K.K.
  • Swancor Holding Co. Ltd.

 

This statistical study of the vinyl ester market encompasses successful business strategies deployed by the key vendors. The vinyl ester market is fragmented and the vendors are deploying growth strategies such as developing innovative products and are constantly increasing their R&D investments to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The vinyl ester market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Vinyl Ester Market?

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43% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for vinyl ester in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

The growth of the oil and gas, transportation, wind energy, and building and construction industries will facilitate the vinyl ester market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Application Segments in the Vinyl Ester Market?

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The vinyl ester market share growth by the pipes and tanks segment will be significant during the forecast period. The growth of the pipes and tanks segment is mainly driven by the increased use of vinyl ester resins in chemical, water, wastewater treatment, and power end-use industries. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the vinyl ester market size and actionable market insights on post COVID-19 impact on each segment.

 

Vinyl Ester Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 3.54%

Market growth 2021-2025

$ 350.65 million

Market structure

Fragmented

YoY growth (%)

2.60

Regional analysis

APAC, North America, Europe, South America, and MEA

Performing market contribution

APAC at 43%

Key consumer countries

US, China, Germany, Brazil, and Japan

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Allnex Netherlands BV, AOC LLC, Ashland Global Holdings Inc., DIC Corp., Hexion Inc., Interplastic Corp., Orca Composites, Reichhold LLC, SHOWA DENKO K.K., and Swancor Holding Co. Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Vinyl Ester Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive vinyl ester market growth during the next five years
  • Precise estimation of the vinyl ester market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the vinyl ester industry across APAC, North America, Europe, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of vinyl ester market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Application

    • Market segments
    • Comparison by Application
    • Pipes and tanks - Market size and forecast 2020-2025
    • Marine - Market size and forecast 2020-2025
    • FGD - Market size and forecast 2020-2025
    • Wind energy - Market size and forecast 2020-2025
    • Others - Market size and forecast 2020-2025
    • Market opportunity by Application

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2020-2025
      • North America - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Allnex Netherlands BV
      • AOC LLC
      • Ashland Global Holdings Inc.
      • DIC Corp.
      • Hexion Inc.
      • Interplastic Corp.
      • Orca Composites
      • Reichhold LLC
      • SHOWA DENKO K.K.
      • Swancor Holding Co. Ltd.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
      Get your FREE sample now!
      The vinyl ester market growth will increase by $350.65 million during 2020-2025.
      The vinyl ester market is expected to grow at a CAGR of 3.54% during 2020-2025.
      Technavio has segmented the vinyl ester market by application (Pipes and tanks, Marine, FGD, Wind energy, and Others) and geographic (APAC, North America, Europe, South America, MEA, APAC, North America, Europe, South America, and MEA).
      Allnex Netherlands BV, AOC LLC, Ashland Global Holdings Inc., DIC Corp., Hexion Inc., Interplastic Corp., Orca Composites, Reichhold LLC, SHOWA DENKO K.K., Swancor Holding Co. Ltd. are a few of the key vendors in the vinyl ester market.
      APAC will register the highest growth rate of 42.70% among the other regions. Therefore, the vinyl ester market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      • US
      • China
      • Germany
      • Brazil
      • Japan
      The key factors driving the vinyl ester market growth are:
      • Increased demand from corrosion-resistant pipes and storage tanks
      The vinyl ester market vendors should focus on grabbing business opportunities from the pipes and tanks segment as it accounted for the largest market share in the base year.
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