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 global 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.
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 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 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
global 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 174-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 Chemical Market
Research Reports, Chemical Industry
Analysis Report, Opportunity Screening
and 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?
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