The global vinyl ester resin market is projected to reach $1.8 billion by 2028, at a CAGR of 3.9% during 2022-2028. The growth of vinyl ester resin market is driven by increasing demand for corrosion resistance materials, growing infrastructural investments, and rehabilitation of old infrastructural projects.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the
most promising, high-growth opportunities for the vinyl ester resin market by
end use (FRP, paint and coatings and others), chemistry (bisphenol-A vinyl
ester, novolac vinyl ester, brominated vinyl ester, and other chemistry), 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 What are the
business risks and threats to the vinyl ester resin market?
Q.4 What are some
changing demands of customers in the vinyl ester resin market?
Q.5 What are the new
developments in the vinyl ester resin market? Which companies are leading these
developments?
Q.6 What strategic
initiatives are being implemented by key players for business growth?
Q.7 What are some of the
competitive products and processes in this vinyl ester resin area and how big
of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A
activity has occurred in the last 5 years in this vinyl ester resin market?
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 resins.
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clicking on https://www.lucintel.com/vinyl-ester-resin-market.aspx.
Market Segmentation:
Based on end use, the
vinyl ester resin market is segmented into FRP, paint and coatings and others.
The fiber reinforced plastic (FRP) segment accounted for the largest share of
the market in 2022 and is expected to register the highest CAGR during the forecast
period, due to wider use in pipe and tank manufacturing.
Asia Pacific is expected
to remain the largest region and witness the highest growth over the forecast
period because of the tremendous economic growth in China and India, and
increasing demand for corrosion resistance pipe and tanks and growing
investment in the building and construction and well as industrial sector.
Key Players in the vinyl
ester resin market are Polynt REICHHOLD Group, Ashland Inc., AOC Resins,
Swancor Ind. Co., Ltd., Showa Denko K.K, Sino Polymer Co., Ltd, Scott Bader Co.
Ltd, and Allnex.
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The report helps stakeholders understand the
pulse of the market and provides them with information on key drivers,
restraints, challenges, and opportunities for market growth. It would also help
to understand the competitors better and gain more insights to improve their
position in the business.
To read more about this market please click on
https://www.lucintel.com/vinyl-ester-resin-market.aspx.
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.
Roy Almaguer
Director of Client Engagements
Lucintel
Dallas, Texas, USA
Cell: 210-878-7693
roy.almaguer@lucintel.com
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