The report “Vinyl Ester Market by Product Type (Bisphenol A, Novolac, Brominated Fire Retardant, Elastomer Modified), End-Use (Pipes & Tanks, Marine, Wind Energy, FGD & Precipitators, Building & Construction, Aerospace & Defense), and Region – Global Forecast to 2029″, is projected to grow from USD 1.04 billion in 2024 to USD 1.29 billion by 2029, at a CAGR of 4.4% during the forecast period. High demand from the pipes & tanks and marine industry is expected to drive the vinyl ester market.
Key Market Players
INEOS Composites (US), Polynt S.p.A. (Italy), AOC (US), Inetrplastic Corporation (US), SWANOR (Taiwan), and Reichhold LLC (US), among others.
The Asia Pacific region is expected to capture the largest market share during the forecast period.
The Asia Pacific region is anticipated to dominate the market throughout the forecast period, fueled by strong economic growth and significant investments in the marine and infrastructure sectors. Emerging economies such as China and India have been instrumental in positioning Asia Pacific as a key market for vinyl ester. Moreover, rising purchasing power and government support are expected to further drive the growth of vinyl ester market in region.
Vinyl Ester Market Dynamics
- Drivers: Superior chemical resistance
- Restraints: Low shelf life of vinyl ester
- Opportunity: Increasing installation of wind turbines
- Challenge: Fluctuation in raw material prices
About MarketsandMarkets™
MarketsandMarkets™ has been recently recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
Founded in 2009, MarketsandMarkets recognized uncharted business potentials within disruptive trends, forecasting a surge of $25 trillion in new B2Brevenues by 2030. In our 13-year journey, we’ve collaborated with over 10,000companies, generating $140+ billion in revenue impact. From a market research publisher, we’ve transformed into a growth-enabling leader, backed by a 1500+strong team.