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 and coatings industries. 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.
Bisphenol-A
vinyl ester, novolac vinyl ester, and brominated vinyl ester resin are the
major resin chemistries used in this market. 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.
Within the vinyl
ester resin market, fiber reinforced plastic (FRP) is expected to remain the
largest end use industry. It is also expected to witness the highest growth
during the forecast period, supported by the increasing demand for lightweight
and corrosion resistance pipe and tank products in new as well as old
infrastructural rehabilitation projects. Within the FRP, pipe and tank industry
is expected to remain largest market for vinyl ester resin, while
transportation is expected to witness highest growth in the forecast period.
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.
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, Ashland Inc,
Aliancys, AOC, and Swancor are among the major suppliers of the global vinyl
ester resin market.
Lucintel, a
leading global strategic consulting and market research firm, has analyzed growth opportunities in the global
vinyl ester resin market by chemistry, end use industry, and region. Lucintel
has prepared a comprehensive research report entitled “Growth
Opportunities in the Global Vinyl Ester Resin Market 2017-2022: 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 global vinyl ester resin market by chemistry,
end use industry, and region as follows:
By Chemistry [Volume (M lbs) and $M Shipment
Analysis for 2011 – 2022]:
- 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 2011 – 2022]:
- 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 2011 – 2022]:
- North America
−
The US
−
Canada
- Europe
−
Germany
−
United Kingdom
−
France
- Asia Pacific
−
China
−
India
−
Japan
- Rest of the World
−
Brazil
This 154-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
helpdesk@lucintel.com. Lucintel offerings include Advanced
Materials Reports, Composite
Materials Market Report, Capital
Investment Analysis, Strategic
Growth Consulting and Due Diligence.
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.
This
report answers following 11 key questions:
Q.1 What are some of the most promising
potential, high-growth opportunities for the global vinyl ester resin market by
chemistry (bisphenol-A vinyl ester, novolac vinyl ester, brominated vinyl ester,
and other chemistry), end use industry (FRP, paint and coatings and others), and
region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q. 2 Which segments will grow at a faster pace
and why?
Q.3 Which regions will grow at a faster pace
and why?
Q.4 What are the key factors affecting market
dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to
the market?
Q.6 What are emerging trends in this market
and the reasons behind them?
Q.7 What are some changing demands of
customers in the market?
Q.8 What are the new developments in the
market? Which companies are leading these developments?
Q.9 Who are the major players in this market?
What strategic initiatives are being implemented by key players for business
growth?
Q.10 What are some of the competitive products
and processes in this area and how big of a threat do they pose for loss of
market share via material or product substitution?
Q.11 What M & A activities have taken
place in the last 5 years in this market?
