Novolac vinyl ester market to grow at 6% CAGR till 2025 - PowerPoint PPT Presentation

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Novolac vinyl ester market to grow at 6% CAGR till 2025

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More Information @ Marine applications are estimated to contribute a share close to 20% in global vinyl ester market by 2025. The marine industry involves product usage as gel coats, barrier coats, etc. They have been popularly used in the main composite body of ships. With the increasing production of race boats, super yachts, and naval and commercial craft, there has been increasing demand of vinyl ester applications in marine industry in the recent years. – PowerPoint PPT presentation

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Date added: 12 November 2018
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Title: Novolac vinyl ester market to grow at 6% CAGR till 2025


1
Global Vinyl Ester Market to reach US1.7 bn by
2025 Global Market Insights Inc.
2
Industry Overview
  • Vinyl Ester Market to surpass USD 1.7 billion by
    2025 driven by extensive use of vinyl ester
    resins in the pipes tanks. Growth trends in the
    shipbuilding sector will support the vinyl ester
    market growth in the next seven years. The
    product has a higher resistance to corrosive
    environments and chemicals than the unsaturated
    polyesters. Thus, vinyl ester resins and vinyl
    ester blended with polyester have been
    extensively used in the marine applications for
    producing efficient water-resistant barrier for
    boat hulls and other parts. The increasing
    mega-ship building projects present brighter
    outlook for the product demand in marine
    applications.
  • Vinyl ester market will have a range of
    applications in the wind energy sector by 2025.
    Wind energy has been an essential source of
    renewable energy. As per the WindEurope
    estimates, the wind power share in the EUs total
    installed power capacity has augmented to 18 in
    2017 from 6 in 2005. Wind energy has overtaken
    coal as the second largest form of power
    generation capacity in the EU in 2016. An upward
    trend in wind energy industry will encourage the
    overall market during the forecast span.

3
Continue
  • As compared to polyester, vinyl ester resins
    excel on various parameters for instance, higher
    durability, superior heat resistance, low
    maintenance and high performance for extremely
    challenging environment. However, the overall
    market growth will be subjected to some restrains
    including high cost of production, lower shelf
    life of the product and regulations to lessen the
    VOC content of product, in the coming years.
  • Novolac based product involves higher
    crosslinking density as compared to bisphenol A
    based resins. With this feature, the resin
    exhibits superior resistance to liquid
    environment and provides high resistance to
    penetration of chemicals into the matrix. Novolac
    vinyl ester segment is estimated to grow with a
    CAGR above 6 during the forecast span.
  • The pipes tanks was the largest area of
    applications in vinyl ester market in year 2017,
    with a share over 40. The product has been
    highly demanded in high temperature formulations,
    including chemical reactors and storage vessels.
    The product has also been used as topcoats for
    metal containers and in electro-refining tanks.
    The rising demand from corrosion-resistant pipes
    tanks is projected to drive global market
    during the forecast span.

4

Browse Full Market Research Report Of Vinyl
Ester Market _at_ https//bit.ly/2Dzmion
Request for a Sample of this Research
report _at_ https//bit.ly/2DD5ehs
5
U.S. vinyl ester market size, by application,
2014 2025 (USD Million)

6
Industry Coverage

7
Continue
  • Asia Pacific led the overall vinyl ester market
    in 2017 and is expected to follow the similar
    trend by 2025. North America will observe growth
    with a CAGR close to 6. Increasing disposable
    income on existing rich class individuals and
    increasing number of High Net Worth Individual
    (HNWI) will positively influence the demand for
    luxury goods in the region. Moreover, the
    recreational boating culture in the North
    American region is comparatively high which, in
    turn will drive the market demand for these
    marine applications in the region by 2025.
  • Leading manufacturers in market have been
    Swancor Holding, Ashland, Sino Polymer Co., Ltd.,
    ALIANCYS AG, Showa Denko, Interplastic
    Corporation, etc. The industry has marked several
    price hikes in the recent decade on account of
    increase in the raw materials costs. For
    instance, AOC Aliancys declared a price hike of
    EUR 100 (or USD 113.98) per ton for its product
    range sold in Europe, India and The Middle East
    which was effective from September 2018.

8
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