New Research: Lucintel Predicts a Bright Future for the Vinyl Ester Resin Market

Did you know that Lucintel recently published a market research report entitled “Growth Opportunities in the Vinyl Ester Resin Market”?
This market report for vinyl ester resin identifies and predicts future opportunities for growth in global vinyl ester resin industry for various segments as well as for various regions such as North America, Europe, Asia Pacific, and the Rest of the World. It also identifies growth opportunities for vinyl ester resin in pipe and tank, construction, transportation, and paint and coatings industries.
Lucintel forecasts that bisphenol-A vinyl ester resin is expected to remain the largest segment due to its good mechanical properties and chemical resistance properties at a relatively lower cost. Novolac vinyl ester resin is expected to witness the highest growth in the forecast period due to its growing use in applications which require excellent resistance to oxidizing acids, better heat resistance, and superior solvent resistance.
According to Lucintel’s market report, the global vinyl ester resin market is expected to reach an estimated $951 million by 2022 and is forecast to grow at a CAGR of 3.9% from 2017 to 2022. The major growth drivers for this market are increasing demand for corrosion resistance materials, growing infrastructural investments, and rehabilitation of old infrastructural projects. Some of the dominant players in the global vinyl ester resin market are Polynt, Ashland Inc, Aliancys, AOC, and Swancor.
Asia Pacific is expected to remain the largest market by value and volume and is also expected to witness the highest growth over the forecast period because of increasing demand for corrosion resistance pipe and tanks and growing investment in the building and construction and well as industrial sector.
There are some interesting developments in global vinyl ester resin market as competition heats up and players try to increase their market share. Some of the Emerging trends, which have a direct impact on the dynamics of the vinyl ester resin industry, include the development of styrene-free vinyl ester resin and emergence of bio-based vinyl ester resin.
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