Vinyl Ester Market: By Type, Epoxy Novolac Vinylester, Tetrabromo Bisphenol-A, Brominated Fire-Resistant, Rubber-Modified, and Others), By Application, and Geography

Vinyl Ester Market Size, Share, Growth, Trends, and Global Industry Analysis: By Type (Bisphenol A Diglycidyl Ether (DGEBA), Epoxy Novolac Vinylester, Tetrabromo Bisphenol-A (TBBA), Brominated Fire-Resistant, Rubber-Modified, and Others), By Application (Chemicals and Petrochemicals Industry, Coating, Adhesives, FRP Tanks and Vessels, Marine Industry, Aviation/Aerospace Sectors, Wind Energy, Automobile Sectors, Military Applications, Buildings and Construction, and Other Applications), and Region

Vinyl Ester Market size was valued at US$ 1,243.8 Million in 2023 and is poised to grow at a CAGR of 5.3% from 2024-2030. Vinyl ester, a thermosetting polymer, is a kind of resin that is widely utilised in a variety of sectors due to its high corrosion resistance, excellent impact and stress-fatigue resistance, high mechanical strength, great chemical resistance, and exceptional adhesive qualities. It is a combination between polyester resin and epoxy resin which brings together the greatest qualities of both materials. Vinyl ester resins are used in corrosion-resistant equipment, tanks, pipelines, structural components and others. The vinyl ester market has witnessed significant growth in recent years primarily due to the increasing demand for corrosion–resistant materials in industries such as chemical processing, oil and gas, and wastewater treatment, which offer excellent resistance to various chemicals and harsh environments. Moreover, as the chemical processing industries continue to expand, the demand for vinyl ester resins is also expected to grow.

Furthermore, the growth of emerging markets in various regions creates significant opportunities for the growth of the vinyl ester market. However, the prices of raw materials used in the production of vinyl ester resins can be subject to fluctuations, impacting the overall production costs and potentially affecting the vinyl ester market's stability. On the top of that, health and safety concerns associated with the handling and use of vinyl ester resins pose another threat to the growth of the vinyl ester market. Nevertheless, numerous prominent manufacturers are always involved in R&D and manufacturing of novel solutions to further contribute to the vinyl ester market growth. For instance, in February 2021, SIR INDUSTRIALE introduced a new product, SIRESTER® VE 64-M-140, an epoxy novolac vinyl ester resin diluted in styrene, with high reactivity and medium viscosity.

Vinyl Ester Market Key Developments:
  • In June 2020, Showa Denko expanded its production lines to produce vinyl ester resin (VE) and synthetic resin emulsion (EM) in the premises of Shanghai Showa Highpolymer Co., Ltd. (SSHP).
  • In July 2021, Lone Star Funds acquired Composites resin producer, AOC to increase its product portfolio.
  • In November 2019, INEOS Composites acquired Ashland Composites to enhance the fiber-reinforced polymer (FRP) composites industry.
  • In December 2021, Arkema developed Elium thermoplastic resin for composite materials.

Vinyl Ester Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

5.3%

Largest Market

Asia Pacific

Fastest Growing Market

North America

Vinyl Ester Market Dynamics

The rising adoption of composite materials is majorly driving the vinyl ester market. Vinyl ester resins are widely used as a matrix material in composite manufacturing. Composites offer a high strength-to-weight ratio, making them desirable for use in aerospace, automotive, construction, and wind energy sectors. The increasing adoption of composite materials is driving the demand for vinyl ester resins. Moreover, vinyl ester resins are extensively used in wind turbine blades due to their high fatigue resistance and ability to withstand harsh weather conditions. With the expanding wind energy sector, the demand for vinyl ester is expected to increase significantly, which ultimately contributes to the growth of the vinyl ester market.

Vinyl Ester Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2024-2030

Market CAGR

5.3%

By Type

  • Bisphenol A Diglycidyl Ether (DGEBA)
  • Epoxy Novolac Vinylester
  • Tetrabromo Bisphenol-A (TBBA)
  • Brominated Fire-Resistant
  • Rubber-Modified
  • Others

By Application

  • Chemicals and Petrochemicals Industry
  • Coating
  • Adhesives
  • FRP Tanks and Vessels
  • Marine Industry
  • Aviation/Aerospace Sectors
  • Wind Energy
  • Automobile Sectors
  • Military Applications
  • Buildings and Construction
  • Other Applications

By Region

  • North America
  • Europe
  • The Asia Pacific
  • Rest of Asia-Pacific
  • MEA

Key Features of the Report

  • The vinyl ester market report provides granular level information about the market size, regional market share, historic market (2019-2023)and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario

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Frequently Asked Questions

Vinyl ester market was valued at US$ 1,243.8 Million in 2023 and is anticipated to grow at a CAGR of 5.3 % over 2024-2030.

Application diversification and collaboration with end-use industries are some of the factors that create potential opportunities for the growth of the vinyl ester market.

The Advancements in manufacturing processes and technologies and development of developing bio-based and eco-friendly vinyl ester resins are some of the major trends in the vinyl ester market.

SHOWA DENKO K.K., Reichhold, Arkema, INEOS, SIR INDUSTRIALE, Ashland, DIC Corporation, AOC, Sino Polymer Co., Ltd., Lone Star, Polynt, Scott Bader Company, Swancor, ALIANCYS AG, Interplastic Corporation are a few companies operating in vinyl ester market.

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Author

Prem Kumar

Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....

1.Executive Summary
2.Global Vinyl Ester Market Introduction 
2.1.Global Vinyl Ester Market  - Taxonomy
2.2.Global Vinyl Ester Market  - Definitions
2.2.1.Type
2.2.2.Application
2.2.3.Region
3.Global Vinyl Ester Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4.Global Vinyl Ester Market Analysis, 2019 - 2023 and Forecast 2024 - 2030
4.1.  Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5.Global Vinyl Ester Market  By Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
5.1. Bisphenol A Diglycidyl Ether (DGEBA)
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Epoxy Novolac Vinylester
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
5.3. Tetrabromo Bisphenol-A (TBBA)
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.3.3. Market Opportunity Analysis 
5.4. Brominated Fire-Resistant
5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.4.3. Market Opportunity Analysis 
5.5. Rubber-Modified
5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.5.3. Market Opportunity Analysis 
5.6. Others
5.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.6.3. Market Opportunity Analysis 
6.Global Vinyl Ester Market  By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
6.1. Chemicals and Petrochemicals Industry
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Coating
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Adhesives
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
6.4. FRP Tanks and Vessels
6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.4.3. Market Opportunity Analysis 
6.5. Marine Industry
6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.5.3. Market Opportunity Analysis 
6.6. Aviation/Aerospace Sectors
6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.6.3. Market Opportunity Analysis 
6.7. Wind Energy
6.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.7.3. Market Opportunity Analysis 
6.8. Automobile Sectors
6.8.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.8.3. Market Opportunity Analysis 
6.9. Military Applications
6.9.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.9.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.9.3. Market Opportunity Analysis 
6.10. Buildings and Construction
6.10.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.10.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.10.3. Market Opportunity Analysis 
6.11. Other Applications
6.11.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.11.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.11.3. Market Opportunity Analysis 
7.Global Vinyl Ester Market  By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
7.1. North America
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Europe
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Asia Pacific (APAC)
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
7.4. Middle East and Africa (MEA)
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.4.3. Market Opportunity Analysis 
7.5. Latin America
7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.5.3. Market Opportunity Analysis 
8.North America Vinyl Ester Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
8.1. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.1.1.Bisphenol A Diglycidyl Ether (DGEBA)
8.1.2.Epoxy Novolac Vinylester
8.1.3.Tetrabromo Bisphenol-A (TBBA)
8.1.4.Brominated Fire-Resistant
8.1.5.Rubber-Modified
8.1.6.Others
8.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.2.1.Chemicals and Petrochemicals Industry
8.2.2.Coating
8.2.3.Adhesives
8.2.4.FRP Tanks and Vessels
8.2.5.Marine Industry
8.2.6.Aviation/Aerospace Sectors
8.2.7.Wind Energy
8.2.8.Automobile Sectors
8.2.9.Military Applications
8.2.10.Buildings and Construction
8.2.11.Other Applications
8.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.3.1.United States of America (USA)
8.3.2.Canada
9.Europe Vinyl Ester Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
9.1. Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.Bisphenol A Diglycidyl Ether (DGEBA)
9.1.2.Epoxy Novolac Vinylester
9.1.3.Tetrabromo Bisphenol-A (TBBA)
9.1.4.Brominated Fire-Resistant
9.1.5.Rubber-Modified
9.1.6.Others
9.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.Chemicals and Petrochemicals Industry
9.2.2.Coating
9.2.3.Adhesives
9.2.4.FRP Tanks and Vessels
9.2.5.Marine Industry
9.2.6.Aviation/Aerospace Sectors
9.2.7.Wind Energy
9.2.8.Automobile Sectors
9.2.9.Military Applications
9.2.10.Buildings and Construction
9.2.11.Other Applications
9.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1.Germany
9.3.2.France
9.3.3.Italy
9.3.4.United Kingdom (UK)
9.3.5.Spain
10.Asia Pacific (APAC) Vinyl Ester Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
10.1. Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Bisphenol A Diglycidyl Ether (DGEBA)
10.1.2.Epoxy Novolac Vinylester
10.1.3.Tetrabromo Bisphenol-A (TBBA)
10.1.4.Brominated Fire-Resistant
10.1.5.Rubber-Modified
10.1.6.Others
10.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Chemicals and Petrochemicals Industry
10.2.2.Coating
10.2.3.Adhesives
10.2.4.FRP Tanks and Vessels
10.2.5.Marine Industry
10.2.6.Aviation/Aerospace Sectors
10.2.7.Wind Energy
10.2.8.Automobile Sectors
10.2.9.Military Applications
10.2.10.Buildings and Construction
10.2.11.Other Applications
10.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.China
10.3.2.India
10.3.3.Australia and New Zealand (ANZ)
10.3.4.Japan
10.3.5.Rest of APAC
11.Middle East and Africa (MEA) Vinyl Ester Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
11.1. Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Bisphenol A Diglycidyl Ether (DGEBA)
11.1.2.Epoxy Novolac Vinylester
11.1.3.Tetrabromo Bisphenol-A (TBBA)
11.1.4.Brominated Fire-Resistant
11.1.5.Rubber-Modified
11.1.6.Others
11.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Chemicals and Petrochemicals Industry
11.2.2.Coating
11.2.3.Adhesives
11.2.4.FRP Tanks and Vessels
11.2.5.Marine Industry
11.2.6.Aviation/Aerospace Sectors
11.2.7.Wind Energy
11.2.8.Automobile Sectors
11.2.9.Military Applications
11.2.10.Buildings and Construction
11.2.11.Other Applications
11.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.GCC Countries
11.3.2.South Africa
11.3.3.Rest of MEA
12.Latin America Vinyl Ester Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
12.1. Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Bisphenol A Diglycidyl Ether (DGEBA)
12.1.2.Epoxy Novolac Vinylester
12.1.3.Tetrabromo Bisphenol-A (TBBA)
12.1.4.Brominated Fire-Resistant
12.1.5.Rubber-Modified
12.1.6.Others
12.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Chemicals and Petrochemicals Industry
12.2.2.Coating
12.2.3.Adhesives
12.2.4.FRP Tanks and Vessels
12.2.5.Marine Industry
12.2.6.Aviation/Aerospace Sectors
12.2.7.Wind Energy
12.2.8.Automobile Sectors
12.2.9.Military Applications
12.2.10.Buildings and Construction
12.2.11.Other Applications
12.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Brazil
12.3.2.Mexico
12.3.3.Rest of LA
13. Competition Landscape
13.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
13.2.1.SHOWA DENKO K.K.
13.2.2.Reichhold
13.2.3.Arkema
13.2.4.INEOS
13.2.5.SIR INDUSTRIALE
13.2.6.Ashland
13.2.7.DIC Corporation
13.2.8.AOC
13.2.9.Lone Star
13.2.10.Sino Polymer Co., Ltd.
13.2.11.Polynt
13.2.12.Scott Bader Company
13.2.13.Swancor
13.2.14.ALIANCYS AG
13.2.15.Interplastic Corporation
14. Research Methodology 
15. Appendix and Abbreviations 

Key Market Players

  • SHOWA DENKO K.K.
  • Reichhold
  • Arkema
  • INEOS
  • SIR INDUSTRIALE
  • Ashland
  • DIC Corporation
  • AOC
  • Lone Star
  • Sino Polymer Co., Ltd.
  • Polynt
  • Scott Bader Company
  • Swancor
  • ALIANCYS AG
  • Interplastic Corporation

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