The global vinyl ester market is projected to grow from USD 1.04 billion in 2024 to USD 1.29 billion by 2029, at a CAGR of 4.4% during the forecast period. The vinyl ester are primarily used as a matrix material in reinforced plastic, particularly in marine and chemical applications, its primary function is to provide high chemical resistance, superior physical properties, excellent adhesion, and resistance to blistering. This report provides a comprehensive analysis of the industry, including vinyl ester market size, trends, drivers and constraints, Competitive Aspects, and prospects for future growth.
Vinyl Ester Market Key Players
Companies such as INEOS Composites (US), Polynt S.p.A (Italy), AOC (US), Interplastic Corporation (US), and SWANCOR (Taiwan) fall under the winners’ category. These are leading players in the Vinyl ester market globally. These players have adopted the strategies of acquisitions, expansions, partnerships, and investments to increase their market shares.
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INEOS Composites (US)
INEOS Composites manufactures and sells a broad range of general purpose and high performance grades of unsaturated polyester and vinyl ester resins, gelcoats, and low profile additives for the plastic industry. The company deals in different market segments including building materials, corrosion resistant FRP, recreation products, transportation market and wind energy market. Vinyl ester resins are the product related to its corrosion resistant FRP segment. The company has manufacturing sites in Brazil, China, Finland, France, India, Poland, Spain, and US. It also has sales offices in China, Germany, and Spain.
Polynt S.p.A. (Italy)
Polynt S.p.A. manufactures specialty chemicals, intermediates, and composites. The company serves a wide range of industries, including transportation, construction, marine, medical, and consumer goods. With a strong focus on R&D, the company offers a diverse product portfolio encompassing organic anhydrides, derivatives, special esters, unsaturated polyester resins, compounds, and composites. It operates through an integrated business model for efficient production and cost control. Polynt has a significant global presence with manufacturing facilities across North and South America, Europe, and Asia.
AOC (US)
AOC manufactures and distributes unsaturated polyester resins, vinyl ester resins, and gel coats. It serves a wide range of industries, including marine, transportation, construction, and wind energy. The company is known for its high-quality products, innovative solutions, and technical expertise. It has a strong global presence with manufacturing facilities and distribution networks in North America, Europe, and Asia, ensuring reliable customer supply and support.
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Interplastic Corporation (US)
Interplastic Corporation is a specialty chemical company focused on production and distribution of unsaturated polyester and vinyl ester resins, gelcoats, colorants, and putties for the commposites and cast polymer industries. Its products are used in various application industries including architechtural /theme park, bath /pool /spa, CIPP, corrosion /fire retardant, marine, road /bridges /rebar, surfaces, transportation, and wind energy. The company is manufacturing thermoset resins, gel coats, and colorants for the composites and cast polymer under the brand name CoREZYN and Silmar. The company has mahufacturing sites in Minneapolis, Minnesota, and Kentucky.
SWANCOR (Taiwan)
SWANCOR is a manufacturer of specialty chemicals and has been continuously developing its self-own technology and network to provide quality products. The business groups of composite include fine chemical and carbon fiber composites. There are five production sites including, Nantou, Shanghai, Tianjin, Jiangsu and Malaysia. One of the main product lines of fine chemical are vinyl ester for anti-corrosion tank and pipe for factories, desulfurization tank, and chimney for power plants. The other one is epoxy resin and hardner for wind turbine blade. The company supplies its products over thirty countries under brand name SWANCOR.
The Bisphenol A is expected to account for the largest share of the vinyl ester market, by product type, during the forecast period, in terms of value
By product type, the bisphenol A vinyl ester is estimated to have the largest market share by value. Bisphenol A are expected to hold the largest market share due to their widespread use as sustainable composite materials for pipes & tanks and marine industry. This is attributed to their advantages of durable, corrosion resistant, and high performance materials . With commendable use in marine, wind energy, chamical processing and infrastructure are undergoing continuous advancements, contributing to the growth of vinyl ester market.
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By end-use, the pipes & tanks segment is expected to account for the largest market share during the forecast period in terms of value.
The pipes & tanks segment is projected to dominate the marketduring the forecast period, largely driven by stricter environmental regulations and a focus on improving efficiency within the composites industry. As the demand for composites, including polymers and plastics, continues to rise, it is expected to significantly boost the growth of the global vinyl ester market, further strengthening the expansion of the pipes & tanks segment.
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