Vinyl Ester Resin Market Analysis is Expected to Grow CAGR of 6.30% by 2035 | ChemAnalyst

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Vinyl Ester Resin (VER) Market Size is Expected
to Grow CAGR of 6.30 by 2035
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
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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. Read Full Report Here
https//www.chemanalyst.com/industry-report/vinyl-
ester-resin-ver-market-661 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. On the basis of end-use industries, the
VER market is segmented into pipes and tanks,
paint coatings, transportation, building
construction, aerospace, FGD precipitators,
and others. The pipes and tanks segment is
dominating the Vinyl Ester Resin market due to
its utilization in chemical storage vessels,
chemical reactors, electro-refining tanks, etc.
continuously growing demand for FGD
installations worldwide due to several
environmental concerns and stringent regulations
on harmful gas emissions is likely to drive the
demand for VER, thereby augmenting its market
growth in the next few years. Huge demand for VER
from the downstream building and construction
industry due to rising infrastructural
activities is one of the major factors driving
the VER market around the world. Emissions of
Volatile Organic Compounds (VOCs) by the Vinyl
Ester Resin can alter the market growth in the
future. Sample Request https//www.chemanalyst.co
m/ChemAnalyst/RequestForm Due to the spread of
COVID-19 In 2020, the Vinyl Ester Resin market
was severely affected around the world. The
government authorities in various countries
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imposed nationwide lockdowns, which caused the
temporary closure of all industrial and
commercial operations worldwide. Many end-use
industries, including transportation, building
and construction, oil and gas, and others,
witnessed an unprecedented downfall due to the
spread of the deadly virus. However, with the
gradual reopening of the market, the VER industry
is anticipated to showcase significant growth in
the upcoming year. Among different regions, the
Asia Pacific region accounts for the major share
in the Vinyl Ester Resin market across the globe
and is likely to maintain its dominance in the
forecast period as well. The growing
infrastructural investments, along with the
rising demand for VER in the downstream pipes and
tanks industry, are driving the market across
the Asia Pacific region. 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. Rapidly increasing demand
for Vinyl Ester Resin from major end-use is
expected to boost the market in the forecast
period. Rising consumer demand from the marine
industry for Vinyl Ester Resins in the
manufacturing of ships, boats, yachts, naval
ships due to its excellent properties is further
contributing to the increased usage of VER
thereby, driving the VER market in the upcoming
years. said Mr. Karan Chechi, Research Director
with TechSci Research a research-based
management consulting firm promoting ChemAnalyst
worldwide. Report Scope In this report, Vinyl
Ester Resin market has been segmented into
following categories, in addition to the
industry trends which have also been detailed
below
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Attribute Details
Market size volume in 2020 0.78 Million Tonnes
Growth Rate CAGR of 6.30 from 2022 to 2035
Base year for estimation 2020
Historic Data 2015 2019
Forecast period 2022 2035
Quantitative units Demand in Million Tonnes and CAGR from 2022 to 2035
Report coverage Revenue forecast, demand supply, competitive analysis, competitive landscape, growth factors, and trends
Segments covered By End-Use (Pipes Tanks, Paint Coatings, Transportation, Building Construction, Aerospace, FGD Precipitators, and Others) By Grade (Bisphenol A Based VER, Bisphenol F Based VER, and Novolac F Based VER) By Sales Channel (Direct Company Sale, Direct Import, Distributors Traders)
Regional scope North America Europe Asia Pacific South America Middle East Africa
Country scope United States Mexico Canada China India Japan South Korea Taiwan Singapore Germany Belgium France United Kingdom Spain Italy Sweden Austria Saudi Arabia Iran South Africa Brazil Argentina
Key companies profiled 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.
Customization scope Free report customization with purchase. Addition or alteration to country, regional segment scope.
Pricing and purchase options Avail customized purchase options to meet your exact research needs. Explore purchase options
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