Vinyl Esters Market: Key Insights
Vinyl esters are thermosetting resins obtained by the reaction of epoxy resins with monomers of unsaturated carboxylic acids. These esters are widely used in various industrial applications, such as in producing composite materials, coatings, and adhesives. The market for vinyl esters is expected to surge in the coming years due to the increasing demand for their properties in various industries.
The market's growth is driven by the increasing demand for vinyl esters in the composites industry. Vinyl esters are widely used as a matrix material in producing composite materials, such as fiber-reinforced plastic (FRP) and carbon-fiber-reinforced plastic (CFRP). They are also used as a coating material in marine and industrial applications, which is expected to boost the market growth. Additionally, the increasing use of vinyl esters in the construction and transportation industries is expected to drive market growth. The growing demand for vinyl esters in various end-use industries is expected to drive market growth in the forecast period.
Vinyl Esters Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: - by Product (Bisphenol A, Novolac, Brominated Fire Retardant, and others); Application (Pipes & Tanks, Marine, Wind Energy, FGD & Precipitators, Pulp & Paper, and others), and Geography (North America, Europe, Asia Pacific, and South and Central America)
Vinyl Esters Market Growth Report 2021 to 2031
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Characteristics of a Vinyl Ester to Drive Vinyl Esters Market
The characteristics of a vinyl ester, such as its excellent chemical resistance, high mechanical strength, and corrosion resistance, are expected to drive the growth of the vinyl esters market. Vinyl esters are known for their excellent chemical resistance, which makes them suitable for use in harsh environments, such as in marine and industrial applications. They also have high mechanical strength, which makes them suitable for use in the production of composite materials, such as fiber-reinforced plastic (FRP) and carbon-fiber-reinforced plastic (CFRP), which are used in the aerospace, transportation, and construction industries.
Additionally, the high corrosion resistance of vinyl esters is another key factor driving the market growth. They are widely used in marine and industrial applications to protect structures from the effects of corrosion, including chemical attack and weathering. They have been used in the production of corrosion-resistant tanks, pipes, and other equipment, which is expected to drive market growth.
Vinyl Esters Market: Segmental Overview
The global vinyl esters market is segmented by product and application. Based on product, the vinyl esters market is sub-segmented as bisphenol A, novolac, brominated fire retardant, and others. While, based on application, the vinyl esters market is distributed in pipes & tanks, marine, wind energy, FGD & precipitators, pulp & paper, and others.
Based on application, the pipes & tanks segment held a substantial share of the global vinyl esters market. The pipes & tanks application is expected to drive the growth of the vinyl esters market. Vinyl esters are widely used as a coating material in marine and industrial applications, particularly in producing corrosion-resistant pipes and tanks. These materials provide excellent chemical resistance and high mechanical strength, making them suitable for use in harsh environments, such as marine and industrial applications.
Furthermore, the growing demand for vinyl esters in the oil & gas industry is also driving the market growth. Vinyl esters coat pipelines and storage tanks in the oil & gas industry to protect them from corrosion and chemical attack. Additionally, the increasing focus on environmental regulations and safety standards drives the demand for corrosion-resistant pipes and tanks, further driving the market growth.
Vinyl Esters Market: Competitive Landscape and Key Developments
Aliancys AG, Ashland, DIC Material Inc., Hexion, Interplastic Corporation, Mechemco, Nivitex Fibreglass and Resins, Scott Bader Company Ltd., Showa Denko K.K., and Sino Polymer Co. Ltd are among the key players operating in the vinyl esters market. These companies have a widespread presence worldwide, which provides lucrative opportunities to serve many customers and expand the market.
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