The vinyl ester resin market is expected to reach $1.1 billion by 2024

According to a new market report published by Lucintel, the future of the vinyl ester resin market looks attractive with opportunities in the pipe and tank, construction, transportation, and paint & coatings industries. The vinyl ester resin market is expected to reach an estimated $1.1 billion by 2024 with a CAGR of 3.8% from 2019 to 2024. The major drivers for this market are increasing demand for corrosion resistance materials, growing infrastructural investments, and rehabilitation of old infrastructural projects.
Browse 97 market data tables and 138 figures spread through 195 pages and in-depth TOC on “Vinyl Ester Resin Market"
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In this market, bisphenol-A vinyl ester, novolac vinyl ester, and brominated vinyl ester resin are the major resin chemistries used for in different end use industries. Lucintel forecasts that bisphenol-A vinyl ester resin is expected to remain the largest segment due to its good mechanical and chemical resistance properties at a relatively lower cost. Brominated 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 heat, fire, and chemicals.
Within the vinyl ester resin market, fiber reinforced plastic (FRP) will remain the largest end use industry by value and value due to wider use in pipe and tank manufacturing. Paint and coating is expected to witness the highest growth during the forecast period, supported by the increasing infrastructural spending.
Asia Pacific will remain the largest market by value and volume. ROW is expected to witness the highest growth over the forecast period due to the increasing demand for corrosion resistance pipe and tanks and growing investment in the building and construction sectors.
Emerging trends, which have a direct impact on the dynamics of the industry, include the development of styrene-free vinyl ester resin and emergence of bio-based vinyl ester resin. Polynt-Reichhold, AOC Aliancys, INEOS, Swancor, and Showa Denko are among the major suppliers of the vinyl ester resin market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the vinyl ester resin market by chemistry, end use industry, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Vinyl Ester Resin Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the vinyl ester resin market by chemistry, end use industry, and region as follows:
By Chemistry [Volume (M lbs) and $M Shipment Analysis for 2013 – 2024]:

• Bisphenol-A vinyl ester resin
• Novolac vinyl ester resin
• Brominated vinyl ester resin
• Other chemistry

By End Use Industry [Volume (M lbs) and $M Shipment Analysis for 2013 – 2024]:

• Fiber Reinforced Plastic (FRP)
• Pipe and tank
• Construction
• Transportation
• Other fiber reinforced plastic (FRP)
• Paint and Coatings
• Other Industry

By Region [Volume (M lbs) and $M Shipment Analysis for 2013 – 2024]:

• North America
  • The US
  • Canada
• Europe
  • Germany
  • United Kingdom
  • France
• Asia Pacific
  • China
  • India
  • Japan
• Rest of the World
• Brazil

This 195-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/vinyl-ester-resin-market.aspx or   helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.