Growth Opportunities in the Vinyl Ester Resin Market
NEW YORK, Oct. 17, 2017 /PRNewswire/ --
The future of the vinyl ester resin market looks attractive with opportunities in the pipe and tank, construction, transportation, and paint and coatings industries.
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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.
Emerging trends, which have a direct impact on the dynamics of the vinyl ester resin industry, include the development of styrene-free vinyl ester resin and emergence of bio-based vinyl ester resin.
Global Vinyl Ester Resin Market Trends
Global Vinyl Ester Resin Market Forecast
Growth Opportunities for the Global Vinyl Ester Resin Market by Region
The study includes the vinyl ester resin market size and forecast for the global vinyl ester resin market through 2022 by chemistry, end use industry, and region as follows:
Vinyl Ester Resin Market 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
Vinyl Ester Resin Market 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
Vinyl Ester Resin Market by Region [Volume (M lbs) and $M Shipment Analysis for 2011 – 2022]:
North America
The
US
Canada
Europe
Germany
United Kingdom
France
Asia Pacific
China
India
Japan
Rest of the World
Brazil
Vinyl ester resin companies profiled in this market include Polynt, Ashland Inc, Aliancys, AOC, and Swancor are among the major suppliers of the global vinyl ester resin market.
Lucintel forecasts that bisphenol-A vinyl ester resin is expected to remain the largest segment due to its good mechanical properties and chemical resistance properties at a relatively lower cost. Novolac vinyl ester resin is expected to witness the highest growth in the forecast period due to its growing use in applications which require excellent resistance to oxidizing acids, better heat resistance, and superior solvent resistance.
Within the vinyl ester resin market, fiber reinforced plastic (FRP) is expected to remain the largest end use industry. It is also expected to witness the highest growth during the forecast period, supported by the increasing demand for lightweight and corrosion resistance pipe and tank products in new as well as old infrastructural rehabilitation projects. Within the FRP, pipe and tank industry is expected to remain largest market for vinyl ester resin, while transportation is expected to witness highest growth in the forecast period.
Asia Pacific is expected to remain the largest market by value and volume and is also expected to witness the highest growth over the forecast period because of increasing demand for corrosion resistance pipe and tanks and growing investment in the building and construction and well as industrial sector.
Some of the features of "Growth Opportunities in the Vinyl Ester Resin Market 2017-2022: Trends, Forecast, and Opportunity Analysis" include:
Market size estimates: Composites in the global vinyl ester resin market size estimation in terms of value ($M) and volume (M Lbs.) shipment.
Trend and forecast analysis: Market trend (2011-2016) and forecast (2017-2022) by segments and region.
Segmentation analysis: Global vinyl ester resin market size by various applications such as chemical type and end use industry in terms of value and volume shipment.
Regional analysis: Composites in the global vinyl ester resin market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
Growth opportunities: Analysis on growth opportunities in different applications and regions of vinyl ester resin in the global vinyl ester resin market.
Strategic analysis: This includes M&A, new product development, and competitive landscape of vinyl ester resin in the global vinyl ester resin market. Analysis of competitive intensity of the industry based on Porter's Five Forces model.
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 vinyl ester resin market?
Q.5 What are the business risks and threats to the vinyl ester resin market?
Q.6 What are emerging trends in this vinyl ester resin market and the reasons behind them?
Q.7 What are some changing demands of customers in the vinyl ester resin market?
Q.8 What are the new developments in the vinyl ester resin market? Which companies are leading these developments?
Q.9 Who are the major players in this vinyl ester resin 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 vinyl ester resin 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 by the major vinyl ester resin suppliers have taken place in the last 5 years in this vinyl ester resin market?
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