Vinyl Ester Resin Market | Global Industry Size, Share, Growth, and Forecast 2015-2035

NEW YORK - Nov. 30, 2021 - PRLog -- According to ChemAnalyst report, "Vinyl Ester Resin (VER) Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2035", The Vinyl Ester Resin market witnessed significant growth by reaching 2.45 million tonnes in 2020 and is expected to achieve an impressive CAGR of 6.30 % in the span of the next ten years. The rapidly increasing demand for Vinyl Ester Resin (VER) from the major end-use industries, including pipes and tanks, building and construction, transportation, paint and coatings, and others, is likely to boost the Vinyl Ester Resin market around the world in the upcoming years.

Vinyl Ester or Vinyl Ester Resin (VER) is a polyester molecule with an epoxy component. VER is synthesized by the esterification of an epoxy resin with acrylic or methacrylic acids which acts as a crosslinking agent. Vinyl Ester Resins are highly reliable and possess excellent properties, including greater strength, low permeability, robust mechanical properties, and abrasion resistance. It has numerous demanding applications and is used as an alternative to Polyester and epoxy materials as the thermoset polymer matrix in composite materials. VER is usually expansive than Polyester and epoxy. Due to its high mechanical strength, VER is widely used in repair materials and laminating. In homebuilt airplanes, the Glasair and Glastar kits are made by Vinyl ester fiberglass-reinforced structures. Marine industries have made extensive use of Vinyl Ester Resins due to their corrosion resistance properties and ability to withstand water absorption. VER also finds its utilization in the production of FRP tanks and vessels as per BS4994.

The Vinyl Ester Resin Market is segmented on the basis of grade, end-use, sales channel, and region. Based on grades, the market is divided into Bisphenol A based VER, Bisphenol F based VER, and Novolac F Based VER. Bisphenol A segment holds the major share in the VER market across the world owing to its usage in several chemical applications and flue gas desulfurization (FGD) processes. Bisphenol A grade is broadly utilized in the marine industry as gel coats and barrier coats. Its growing consumption in the manufacturing of ships, boats, yachts, naval ships, etc., is anticipated to boost the VER market in the future.

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Some of the major players operating in Vinyl Ester Resin market include Ashland Global Holdings Inc., Interplastic Corporation, AOC Aliancys, Sino Polymer Co., Ltd., Swancor Holding Company Limited, Showa Denko K.K., Polynt-Reichhold, INEOS, and Others.