The Vinyl Ester Resin Market report by Company, Regions, Type and Application; added by Stratview Research is an in-depth analysis of the present and upcoming trends, market size, status, present scenario and upcoming technologies, market drivers, challenges, regulatory policies, with key company profiles and growth strategies of major players. The present report provides market introduction, Vinyl Ester Resin Market definition, mergers & acquisitions, key financial data, regional market scope, sales and revenue by region, Industrial supply Chain, market size forecast, related tables, pie charts, graphs, and figures, etc.
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Vinyl ester resin has a polyester backbone molecule with an epoxy component. It is widely used in applications where better strength and chemical resistance are critically required. Vinyl ester resins were developed to combine the advantages of epoxy resin and polyester resin i.e., excellent resistance to water, organic solvents, alkalis, and faster cure time. Vinyl ester is flexible, making them suitable for applications that require withstand impact and repeated flexing without developing cracks. Its exceptional mechanical and chemical-resistant properties have led to its adoption in a wide array of industries including pipes and tanks, building and construction, marine, wind energy, etc.
In 2020, the rapid spread of COVID-19 has completely shaken the vinyl ester resin market in the wake of production halts, reduced demand, and massive disruption in the supply chain. As per Stratview Research estimates, the vinyl ester resin market witnessed a hefty decline of more than 10% to reach US$ 427.1 Million in 2020. The demand for vinyl ester resins is anticipated to recover from 2021, ultimately forming a healthy 7.2% CAGR over the next five years to reach US$ 674.4 million in 2026. An expected recovery in the major markets, such as pipes & tanks, marine, and building & construction, coupled with increasing acceptance of vinyl ester resin may act as the drivers for demand rejuvenation.
Top players in the market:
The report has listed few key players active in the market. Below given is the list-
- Ineos Composites
- AOC Aliancys
- Polynt-Reichhold Group
- Eternal Materials Co., Ltd.
- Interplastic Corporation
- SIR Industriale S.p.A.
- Sino Polymers.
To broaden the understanding, researchers have studied the Vinyl Ester Resin Market minutely. The report consists of segment-wise details such as application type, platform type, etc. It also covers the regional analysis, considering the potential regions and countries. Such segment-wise analysis will further assist the users in making suitable decisions for better growth opportunities.
Critical Questions Answered in the Report:
- What are the key trends in the Vinyl Ester Resin Market?
- How has the market (and its various sub-segments) grown in the last five years?
- What would be the growth rate in the next five years?
- What is the impact of COVID-19 on the market?
- What are the key strategies adopted by the major vendors to lead in the Vinyl Ester Resin Market?
- What is the market share of the top vendors?
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