PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1616794
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1616794
Vinyl Esters Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 - 2032
The Global Vinyl Esters Market, valued at USD 1.3 billion in 2023, is projected to grow at a compound annual growth rate (CAGR) of 6.1% from 2024 to 2032. This growth is primarily driven by the increasing demand for corrosion-resistant materials across various industries, including marine, chemical processing, and construction. Vinyl esters are favored for their exceptional mechanical properties and resistance to chemicals, making them an ideal choice for protective coatings, tank linings, and composite applications. In addition, the market is benefiting from a rising focus on sustainability and lightweight materials in sectors such as automotive and aerospace. This has led to an uptick in the adoption of vinyl ester-based composites.
The expansion of industrial infrastructure in emerging economies across Asia-Pacific, particularly China and India, is also playing a significant role in driving market growth. As a result, the vinyl esters market is expected to exceed USD 2.3 billion by 2032. The market is segmented by product type into bisphenol A, novolac, and brominated fire retardant. In 2023, bisphenol A dominated the market with a value of USD 739 million, and it is anticipated to surpass USD 1.2 billion by 2032. Bisphenol A-based vinyl esters lead the segment due to their superior chemical, thermal, and mechanical properties. These qualities make them highly suitable for various applications, particularly in environments exposed to harsh chemicals, acids, and solvents, such as chemical storage tanks, pipelines, and marine environments.
By application, the market is divided into categories like pipes and tanks, marine, wind energy, FGD and precipitators, pulp and paper, and others. Pipes and tanks accounted for 48.3% of the market share in 2023 and are expected to exhibit strong growth through 2032. This segment's dominance is driven by the increasing need for corrosion-resistant materials in sectors like chemical processing, water treatment, and oil and gas. Vinyl esters' chemical resistance and durability make them ideal for constructing storage tanks, pipes, and liners used in handling corrosive materials. In terms of regional performance, Asia-Pacific led the vinyl esters market in 2023, generating USD 617 million in revenue, with a forecast to reach USD 1.1 billion by 2032. The region's rapid industrialization, urbanization, and infrastructure development in key countries such as China, India, and Southeast Asian nations contribute to the high demand for vinyl esters, particularly in corrosion-resistant applications.Additionally, growth in the construction and marine sectors, along with government investments in renewable energy projects like wind power, is further boosting demand for vinyl esters in structural composites across the region.
| Market Scope | |
|---|---|
| Start Year | 2023 |
| Forecast Year | 2024-2032 |
| Start Value | $1.3 Billion |
| Forecast Value | $2.3 Billion |
| CAGR | 6.1% |
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope & definition
- 1.2 Base estimates & calculations
- 1.3 Forecast calculation
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Data mining source
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
Chapter 2 Executive Summary
- 2.1 Industry 360° synopsis
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.1.1 Key manufacturers
- 3.1.2 Distributors
- 3.1.3 Profit margins across the industry
- 3.1.4 Supply disruption
- 3.2 Industry impact forces
- 3.2.1 Growth drivers
- 3.2.1.1 Corrosion resistance demand
- 3.2.1.2 Lightweight and high-performance composites
- 3.2.1.3 Infrastructure development
- 3.2.2 Market challenges
- 3.2.2.1 High raw material costs
- 3.2.2.2 Environmental concerns
- 3.2.3 Market opportunity
- 3.2.3.1 New opportunities
- 3.2.3.2 Growth potential analysis
- 3.2.1 Growth drivers
- 3.3 Raw material landscape
- 3.3.1 Manufacturing trends
- 3.3.2 Technology evolution
- 3.4 Sustainable manufacturing
- 3.4.1.1 Green practices
- 3.4.1.2 Decarbonization
- 3.4.2 Sustainability in raw materials
- 3.5 Pricing trends (USD/Ton), 2021 to 2032
- 3.5.1 North America
- 3.5.2 Europe
- 3.5.3 Asia Pacific
- 3.5.4 Latin America
- 3.5.5 Middle East & Africa
- 3.6 Regulations & market impact
- 3.7 Porter's analysis
- 3.8 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Company market share analysis
- 4.2 Competitive positioning matrix
- 4.3 Strategic outlook matrix
Chapter 5 Market Size and Forecast, By Product Type, 2021-2032 (USD Million, Kilo Tons)
- 5.1 Key trends
- 5.2 Bisphenol A
- 5.3 Novolac
- 5.4 Brominated fire retardant
- 5.5 Others
Chapter 6 Market Size and Forecast, By Application Type, 2021-2032 (USD Million, Kilo Tons)
- 6.1 Key trends
- 6.2 Pipes & tanks
- 6.3 Marine
- 6.4 Wind energy
- 6.5 FGD & precipitators
- 6.6 Pulp & paper
- 6.7 Others
Chapter 7 Market Size and Forecast, By Region, 2021-2032 (USD Million, Kilo Tons)
- 7.1 Key trends
- 7.2 North America
- 7.2.1 U.S.
- 7.2.2 Canada
- 7.3 Europe
- 7.3.1 Germany
- 7.3.2 UK
- 7.3.3 France
- 7.3.4 Italy
- 7.3.5 Spain
- 7.3.6 Rest of Europe
- 7.4 Asia Pacific
- 7.4.1 China
- 7.4.2 India
- 7.4.3 Japan
- 7.4.4 South Korea
- 7.4.5 Australia
- 7.4.6 Rest of Asia Pacific
- 7.5 Latin America
- 7.5.1 Brazil
- 7.5.2 Mexico
- 7.5.3 Argentina
- 7.5.4 Rest of Latin America
- 7.6 Middle East and Africa
- 7.6.1 South Africa
- 7.6.2 Saudi Arabia
- 7.6.3 UAE
- 7.6.4 Egypt
- 7.6.5 Rest of Middle East and Africa
Chapter 8 Company Profiles
- 8.1 Akzonobel
- 8.2 Aliancys ag
- 8.3 Ashland, inc.
- 8.4 Dic corporation
- 8.5 Hexion
- 8.6 Interplastic corporation
- 8.7 Nivitex fibreglass and resins
- 8.8 Polynt-reichhold group
- 8.9 Scott bader company ltd.
- 8.10 Sir industriale s.p.a.
- 8.11 Swancor holding
