Vinyl Ester Market Overview with Detailed Analysis, Competitive landscape, Forecast to 2027

Vinyl Ester Market Overview with Detailed Analysis, Competitive landscape, Forecast to 2027

The vinyl ester market share is poised to register appreciable gains through the forthcoming years, propelled by the rising demand for FGD & precipitators on account of environmental awareness and regulations across the globe.

Vinyl ester linings are utilized in FGD for providing protection from corrosion. Numerous vinyl ester manufacturers are focusing on the adoption of strategic moves such as acquisitions, mergers, and product developments for consolidating their position in the market.

For instance, in February 2021, AOC stated that it is raising prices with immediate effect for the company’s UPR (unsaturated polyester resins) portfolio and EVE (epoxy vinyl ester) range sold in the EAME region, owing to continued escalations in packaging costs, logistics, and raw materials.

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Such advancements are expected to spur product demand, boosting revenue expansion through the projected period. On this note, the vinyl ester market share is estimated to register a valuation of USD 1.7 billion through 2027, as cited by the latest research conducted by Global Market Insights, Inc.

The industry landscape is touted to expand on account of the soaring demand for brominated fire-retardants. The products registered more than 15% share in 2020 and is slated to record a revenue of USD 275 million through 2027. These are designed for application where health resistance and corrosion resistance with ideal fire retardance are needed at the same time.

Furthermore, vinyl resins are set to observe a considerable demand from resins that are used in filament winding operations as well as in applications that require resistance to thermal cycling and corrosive environments in the future.

Growing investments in infrastructure projects in the MEA to impel vinyl ester industry growth

The Middle East Africa vinyl ester market size is slated to record a valuation of USD 72 million through 2027 driven by the expansion of leisure boating activities in countries comprising Qatar, South Africa, Oman, Saudi Arabia, and the UAE. The expanding leisure boating industry is expected to propel the vinyl ester market augmentation from marine applications through 2027.

The regional growth is driven by ongoing investments in large scale building and infrastructure projects. The development of the downstream petrochemical market by the Middle East government is expected to boost the business landscape in the ensuing years.

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Increase in trades between Latin America and the Far East will augment LATAM regional share

The Latin America vinyl ester industry recorded a revenue of more than USD 55 million in 2020 propelled by the economic development in the region. This is further set to open new growth avenues for the expansion of the leisure boating market. This, in turn, is expected to provide considerable opportunities for the deployment of vinyl esters in the marine industry.

Moreover, the increase in trades between the Far East and Latin America is expected to propel product demand, escalating market revenue through the estimated period.

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