Vinyl Ester Resin (VER) Market Analysis: Plant Capacity, Production, Operating Efficiency, Grade, Sales Channel, Demand & Supply, End-User Industries, Distribution Channel, Regional Demand, 2015-2035

Format: Online | Last Updated: Nov 2021

[Online Quarterly Update] The Vinyl Ester Resin (VER) Market has shown considerable growth as its demand reached 0.78 million tonnes in 2020 and is expected to grow at an impressive CAGR of 6.30% in the forecast period until 2035. Vinyl Ester Resin (VER), also referred to as Vinyl Ester, is obtained by the esterification of an epoxy resin with acrylic or methacrylic acids. This product, i.e., VER, acts as a crosslinking agent and helps to improve adhesion to glass fibers. VER has lower resin viscosity and is comparatively more expansive than Polyester and epoxy. Vinyl Ester Resins are more reliable and durable by virtue of their greater strength, low permeability, robust mechanical properties, and abrasion resistance.
 
Vinyl Ester Resins are widely utilized in repair materials and laminating as they are waterproof and have great mechanical properties. The Glasair and Glastar kit in homebuilt airplanes made extensive use of Vinyl ester fiberglass-reinforced structures. It is a commonly used resin in the marine industry due to its corrosion resistance properties and ability to withstand water absorption. VER also finds its application in the manufacturing of FRP tanks and vessels as per BS4994. 
 
On the basis of grade, the Vinyl Ester Resin market is segmented into Bisphenol A based VER, Bisphenol F based VER, and Novolac F Based VER. Bisphenol A segment dominates the VER market around the globe due to its usage in several chemical applications and flue gas desulfurization (FGD) processes. Bisphenol A based VER is highly utilized in the marine industry as gel coats and barrier coats. Its growing consumption in the production of ships, boats, yachts, naval ships, etc., is expected to drive the VER market in the upcoming years. 
 
Depending upon various end-uses, the market is segregated into pipes and tanks, paint & coatings, transportation, building & construction, aerospace, FGD & precipitators, and others. The pipes and tanks segment holds the major share in the VER market as it is widely used in chemical storage vessels, chemical reactors, electro-refining tanks, and others. Rapidly increasing demand for FGD installations across the world due to several environmental concerns and stringent regulations on harmful gas emissions is expected to boost the demand for vinyl ester resins, thereby propelling its market growth in the next few years. Huge demand for VER from the building and construction industry due to rising infrastructural activities, especially in the Asia Pacific region, is one of the major factors driving the VER market around the world. Emissions of Volatile Organic Compounds (VOCs) by the Vinyl Ester Resin can somehow hinder the market growth in the future.  
 
In 2020, the outbreak of COVID-19 had an unprecedented impact on the Vinyl Ester Resin market around the world. The imposition of the nationwide lockdowns by the government authorities resulted in the temporary closure of all industrial and commercial operations worldwide. Several downstream industries, including transportation, building and construction, oil and gas, and others, were severely affected due to the spread of the deadly virus. However, with the gradual reopening of the market, the VER industry is expected to witness significant growth in the near term. 
 
Among different regions, the Asia Pacific region is dominating the Vinyl Ester Resin market across the globe and is expected to maintain its dominance in the forecast period as well. The growing infrastructural investments, along with the rising demand for VER in the pipes and tanks and other end-use industries, is driving the market across the Asia Pacific region. 
 
 Major players operating in the Vinyl Ester Resin market include Ashland Global Holdings Inc., Interplastic Corporation, AOC Aliancys, Sino Polymer Co., Ltd., Swancor Holding Company Limited, Showa Denko K.K., Polynt-Reichhold, INEOS, and Others. 
 
Years considered for this report:
 
Historical Period: 2015-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022–2035
 
This report will be delivered on an online digital platform with one-year subscription and quarterly update.
 
Objective of the Study: 
 
• To assess the demand-supply scenario of Vinyl Ester Resin which covers production, demand and supply of Vinyl Ester Resin market globally.
• To analyse and forecast the market size of Vinyl Ester Resin.
• To classify and forecast Vinyl Ester Resin market based on End-Use, technology, end-use and regional distribution.
• To identify drivers and challenges for Vinyl Ester Resin market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Vinyl Ester Resin market.
• To identify and analyse the profile of leading players involved in the manufacturing of Vinyl Ester Resin.
 
 
To extract data for Vinyl Ester Resin market, primary research surveys were conducted with Vinyl Ester Resin manufacturers, suppliers, distributors, wholesalers, and Graders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various Grader segments and projected a positive outlook for Global Vinyl Ester Resin market over the coming years. 
 
ChemAnalyst calculated Vinyl Ester Resin demand globally by analyzing the historical data and demand forecast which was carried out considering imported Vinyl Ester Resin, styrene prices, monomers used for production of Vinyl Ester Resin. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst. 
 
Key Target Audience:
 
• Vinyl Ester Resin manufacturers and other stakeholders
• Organizations, forums and alliances related to Vinyl Ester Resin distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
 
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Vinyl Ester Resin manufacturers, customers, and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
 
Report Scope:

In this report, Vinyl Ester Resin market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
 
Attribute
Details
Market size volume in 2020
0.78 Million Tonnes
Growth Rate
CAGR of 6.30% from 2022 to 2035
Base year for estimation
2020
Historic Data
2015 – 2019
Forecast period
2022 – 2035
Quantitative units
Demand in Million Tonnes and CAGR from 2022 to 2035
Report coverage
Revenue forecast, demand & supply, competitive analysis, competitive landscape, growth factors, and trends
 
Segments covered
By End-Use: (Pipes & Tanks, Paint & Coatings, Transportation, Building & Construction, Aerospace, FGD & Precipitators, and Others)
By Grade: (Bisphenol A Based VER, Bisphenol F Based VER, and Novolac F Based VER)
By Sales Channel: (Direct Company Sale, Direct Import, Distributors & Traders)
Regional scope
North America; Europe; Asia Pacific; South America; Middle East & Africa
Country scope
United States; Mexico; Canada; China; India; Japan; South Korea; Taiwan; Singapore; Germany; Belgium; France; United Kingdom; Spain; Italy; Sweden; Austria; Saudi Arabia; Iran; South Africa; Brazil; Argentina
Key companies profiled
Ashland Global Holdings Inc., Interplastic Corporation, AOC Aliancys, Sino Polymer Co., Ltd., Swancor Holding Company Limited, Showa Denko K.K., Polynt-Reichhold, INEOS, and Others.
Customization scope
Free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options
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Available Customizations:
 
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.
 
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Frequently Asked Questions (FAQ):

What is the major end-uses of Vinyl Ester Resin? 

Vinyl Ester Resin is widely utilized in Pipes & tanks, Paint & Coatings, Transportation, Building & Construction, Aerospace, FGD & Precipitators, and other end-use industries. 

Which region demands the maximum share in the Vinyl Ester Resin market as of 2020?

Asia-Pacific region holds the maximum share of the Vinyl Ester Resin market globally owing to the developments in the major end-user industries. 

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