Vinyl Ester Market 2021

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VINYL ESTER MARKET 2020
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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Vinyl Ester MARKET 2020
Vinyl Ester Market 2020 Industry Survey,
Growth, CompetitiveLandscape and Forecasts to
2023
Vinyl Ester is used as a resin, which is a hybrid
form of polyester resin. The polyester resin is
strengthened by the addition of epoxy resin.
These resins are resistant to chemical and
thermal aggressive environments and prevent water
absorption as well it prevents corrosion. Thus,
it is used in the oil and gas industry.
Furthermore, Vinyl Ester has high resistance to
vibrational forces. Moreover, increasing
application of Vinyl Ester in lining flue gas
desulphurization add fuel to the growth of the
market. Owing to the chemical and thermal
resistance characteristics of Vinyl Ester resin,
it is used in the manufacturing of pipes and
tanks, blades of a wind turbine, and yacht
manufacturing. It further reduces the maintenance
cost using composites to replace other materials.
Growing adoption of wind energy is being adopted
as an important source of green energy by many
developing countries, which is likely to boost
the market growth over the review period. The
global aerospace defense market is growing at
highest CAGR on account of increasing demand for
petroleum products in oil gas industry. This is
expected to continue throughout the forecast
period to propel the growth of the Global Vinyl
Ester Market. Additionally, they are free from
volatile organic compounds (VOCs). However, high
cost may slow the growth of the global market.
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Vinyl Ester MARKET 2020
Market Segmentation The Global Vinyl Ester
Market is segmented on the basis of product type,
end use industry, and region. Based on the fiber
type, the market is segmented into bisphenol a,
brominated vinyl ester, vinyl ester modified, and
others. On the basis of the end use industry the
Global Vinyl Ester Market is segmented onto pipes
tanks, marine, wind energy, oil gas,
aerospace, construction, and others.
Geographically, the markets is divided into five
key regions namely Asia Pacific, North America,
Europe, Latin America, and Middle East
Africa. Enquiry of the Report
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Vinyl Ester MARKET 2020
Regional Analysis
Asia Pacific is the largest market owing to the
growth of the oil gas and wind industry. India,
Japan and China are the major markets in this
region on accounts of an increasing investment in
oil gas and wind energy sectors. The U.S. is
the largest market in this region owing to the
presence of well-established end use industries
such as the marine industry. Increasing
production of yachts and ships drive the growth
of the marine industry in this region. Since
Vinyl Ester is more resistant to water
degradation, it prevent the entry of water into
the ships and yachts. This, in turn, is expected
favor the demand for vinyl ester composite in
this region. The U.K, France, Germany, and Italy
are major contributor to the market growth. The
aerospace and automotive industries in Europe are
the major consumers of vinyl ester, which is used
in the manufacturing of reinforced fiber glass in
this region. Latin America is witnessing a steady
growth in countries namely Brazil and Argentina.
In the coming years, the opportunities for Vinyl
Ester material are expected to boost the growth
of the Middle East African market due to rising
end use industries namely building construction
which would help propel the growth of the
regional market.
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Vinyl Ester MARKET 2020
Application Major Players in this Research
Vinyl Ester Market Prominent Players Some of
the leading players in the Global Vinyl Ester
Market are Ashland Global Holdings Inc. (U.S.),
Interplastic Corporation (U.S.), Reinhold GmbH
(Germany), Sino Polymer New Materials Co., Ltd.
(China), Swancor Holding Co., Ltd. (China), AOC,
LLC (U.S.), Showa Denko K.K. (Japan), Polynt
S.p.A. (Italy), Scott Bader Company Ltd. (U.K),
and allnex group (Germany).
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