The Global Vinyl Ester Market 2018-2026: CAGR is Projected to Grow at 5.6% - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Sep 13, 2018--The “Global Vinyl Ester Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2018 To 2026” report has been added to ResearchAndMarkets.com’s offering.
The global vinyl ester market accounted for US$ 789.5 Mn in 2017, and is expanding at a CAGR of 5.6% from 2018 to 2026.
The major growth drivers for this market are growing infrastructural investments, rise in demand for corrosion resistance materials followed by rehabilitation of old and new infrastructural projects.
Growing environmental awareness has also resulted in the increased use of vinyl ester in various FGD applications. In addition, increasing use of vinyl ester in railways and mass transit are other factors boosting the demand of this market during the forecast period.
Trend shows that increasing application of vinyl ester in pipes & tanks in various end-use industries that includes water & wastewater and chemicals is also expected to propel the growth of vinyl ester globally.
Increasing application in marine industry is another factor bolstering the market growth and hence manufacturers are focusing on developing new vinyl ester products for marine applications. For example, the modified vinyl ester resin product portfolio of AOC includes deals with HYDROPEL H032 and HYDROPEL H036. These resins are mainly designed for marine industry and aims to offer better protection thereby withstanding harsh marine environments.
In addition, there has been increasing demand of vinyl ester applications in marine industry with the increasing production of race boats, boats, super yachts, and naval and commercial craft.
However, rising raw materials price followed by low shelf life is expected to hamper the growth of global vinyl ester market during the forecast period.
Moreover, with the increase in installations of wind turbines globally, vinyl ester applications are expected to rise during the forecast period. This factor acts as an opportunity in the growth of this market during the forecast period.
In 2017, Bisphenol A segment dominated the global vinyl ester market by product type. In terms of end-use industry, pipes and tanks segment held the largest revenue and volume share in 2017. In terms of geography, Asia Pacific is the most prominent market and held the largest market share both in terms of value and volume.
Companies ProfiledAshland Global Holdings Inc. Reichhold Swancor Holding Showa Denko Aliancys Interplastic Corporation Sino Polymer Co. AOC Polynt Scott Bader Company DIC Material
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Related Topics:Plastic Resins
INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS
SOURCE: Research and Markets
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PUB: 09/13/2018 10:51 AM/DISC: 09/13/2018 10:50 AM