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The Vinyl Ester Resin in the Composites Industry Market is likely to witness an impressive CAGR of 6.7% during the forecast period. The prime factor that is contributing to the demand for Vinyl Ester Resin in the Composites Industry is the increasing demand for Vinyl Ester Resin in the Composites Industry in various industries.
This report on the Vinyl Ester Resin in the Composites Industry Market has been put together covering various companies of the industry from different geographies. The study is a perfect blend of qualitative and quantitative research highlighting vital market developments, challenges and competition that the industry might face, along with opportunities and trends available in the Vinyl Ester Resin in the Composites Industry Market. The report intends to present a thorough analysis of the Vinyl Ester Resin in the Composites Industry Market and provide cutting-edge market intelligence to help decision makers undertake a sound investment evaluation. Besides, the report also classifies and analyses the emerging trends along with major growth drivers.
Vinyl Ester Resin in the Composites Industry Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges act as extrinsic factors affecting the market. The report aims at answering several key questions concerning the overall profitability in the market.
Few key players operating in the Vinyl Ester Resin in the Composites Industry Market are-
Ineos Composites
AOC Aliancys
Polynt-Reichhold Group
Swancor
Eternal Materials Co., Ltd.
Interplastic Corporation
SIR Industriale S.p.A.
Sino Polymers.
Growth drivers and Market Value:
This report, from Stratview Research, studies the Vinyl Ester Resin Market in the Composites Industry value and growth drivers over the trend period of 2022-27. According to the report -
in 2021, the rapid spread of COVID-19 has completely shaken the global economy, causing supply chain disruption, production halts, reduced demand, and employee layoffs. The vinyl ester resin market in the composites industry was no exception and suffered a huge decline of over 10% in 2021. The market started showing signs of recovery from the 3rd quarter of 2020 with ease in lockdown in different parts of the world. Also, the long-term outlook seems positive with a gradual rebound in demand for vinyl ester resins from the major composite markets such as pipes and tanks, marines, building & construction, and transportation, ultimately rebounding the demand at a CAGR of 7.5% during 2021-2026 to reach a value of US$ 537 million in 2026.
Segment Analysis:
Based on Type:
Based on type, we have classified the market as Bisphenol A-based and Novolac-based vinyl ester resin. Bisphenol-A-based vinyl ester resin is likely to hold the throne in the market till 2026, whereas Novolac-based is expected to heal at a faster rate during the forecast period. Better mechanical and chemical-resistant properties of bisphenol-A-based vinyl ester resin are the major reasons behind its dominance in the market.
Based on Region:
All regions are expected to suffer from an enormous decline in 2021. In spite of the grave downturn, Asia-Pacific is projected to remain the largest market for vinyl ester resins during the forecast period. The region’s dominance is attributed to several factors including the growing disposable income of consumers, growing infrastructure projects, rapid urbanization, and increasing investment towards renewable energy. North America and Europe are also expected to offer substantial growth opportunities with significant demand for vinyl ester resins, especially from the marine and pipe & tank industries.
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