Vinyl ester is a sap delivered through the procedure of esterification of an epoxy tar with monocarboxylic corrosive. The item acquired is then broken down in the dissolvable like styrene. Vinyl ester is utilized in different applications in channels and tanks, development, transportation, and paint and coatings ventures. It is a thermoset material, which is commonly utilized as a substitute for polyester and epoxy materials. Vinyl ester offers different physical properties, for example, higher quality and erosion opposition. In this way, it is a favored material among different materials. It has low consistency and capacity to withstand water retention. It offers more noteworthy quality and mechanical properties than different materials.
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Rise in demand for flue gas desulfurization (FGD) installation owing to the increase in environmental concerns and regulations on harmful emissions and growth in demand for corrosion resistant materials are factors driving the vinyl ester market. Major applications of vinyl ester resins in the FGD process include limestone slurry piping and stack liners. These resins can be used in new and retrofit FGD applications and in flake glass lining systems. Additionally, increase in infrastructure investments is augmenting the vinyl ester market. Constant demand for vinyl ester in chemical and water & wastewater treatment end-use industries is also propelling the vinyl ester market.
On the other hand, cheaper cost and easy availability of substitutes are hampering the vinyl ester market.
Based on product type, the vinyl ester market can be segmented into Bisphenol A, novolac, brominated fire retardants, elastomers, and others. Bisphenol-A is expected to be the major segment of the market during the forecast period, led by its mechanical properties and chemical resistance properties at relatively lower cost. However, the novolac segment is anticipated to expand at a fast pace during the forecast period owing to its excellent resistance to oxidizing acids, superior solvent resistance, and better heat resistance.
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In terms of end-use industry, the vinyl ester market can be divided into pipes & tanks, marine, wind energy, water pipes, FGD & precipitators, fiber reinforced plastic (FRP), land transportation, building & construction, paints & coatings, aerospace and defense, and others. Fiber reinforced plastic (FRP) is estimated to account for significant share of the market owing to the increase in demand for lightweight and corrosion resistance pipe and tank products in new and old infrastructure rehabilitation projects.
Based on geography, the vinyl ester market can be segregated into North America, Latin America, Europe, Asia Pacific and Middle East & Africa.
North America is the key region of the vinyl ester market due to the presence of established chemicals, water, and automotive players in the region. Asia Pacific is among the fast growing regions of the vinyl ester market owing to the rise in demand for vinyl ester in emerging economies such as China, Japan, and India led by urbanization and growth in the manufacturing industry.
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Key players operating in the vinyl ester market include AOC International, Advance Coatings Company, Inc., Allnex, Arjay Technologies Inc., Ashland Global Holdings Inc., Changzhou Tianma Group Company Limited, Crest Composites and Plastics, DIC Material, Hexion Inc., and ITW Spraycore.