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Vinyl ester is a resin produced through the process of esterification of an epoxy resin with monocarboxylic acid. The product obtained is then dissolved in the solvent like styrene. Vinyl ester is used in various applications in pipes and tanks, construction, transportation, and paint and coatings industries. It is a thermoset material, which is generally used as a substitute for polyester and epoxy materials. Vinyl ester offers various physical properties such as higher strength and corrosion resistance. Thus, it is a preferred material among various other materials. It possesses low viscosity and ability to withstand water absorption. It offers greater strength and mechanical properties than other materials.

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.

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.

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. 

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Vinyl Ester Market

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