Stratview Research delivers key insights on the global Vinyl Ester Resin Market in the Composites Industry. According to Stratview Research, the market is Segmented by Type (Bisphenol A and Novolac) by End-Use Industry Type (Pipe & Tanks (Chemical Storage, Oil & Gas, Water & Waste Water, Pulp & Paper, and Others}, Building & Construction {CIPP, Swimming pool, Bars & Beams, and Others}, Marine {Structural and Non-Structural}, Wind Energy {Spar Caps and Others}, Transportation {Under-the-Hood Applications and Others}, and Others), by Process Type (Filament Winding, Open Mold, Pultrusion, Resin Infusion, Compression Molding, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
The report also covers the Covid impact on the market. Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and an uptrend is witnessed from 2021.
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Market Insights
The report suggests that the overall Vinyl Ester Resin Market in the Composites Industry is likely to witness an impressive CAGR of 7.5% during 2021-2026 to reach a value of US$ 537 million in 2026. Vinyl ester resin is widely used in the fabrication of composite parts for a wide array of industries such as transportation, marine, buildings & construction, pipe & tanks, wind energy, and aerospace & defense. The chemical-resistant property of vinyl ester resins in corrosive aqueous areas is superior to that of other thermosets; hence, preferably used in the fabrication of pipes, tanks, structural boat parts, wind turbine spar caps, etc. Higher-strength and durability of vinyl ester composites in comparison to polyester composites further give an impetus to their growing acceptance in the transportation, building & construction, wind energy, and aerospace & defense industries.
Market Segments' Analysis
Based on type, we have classified the market as Bisphenol A-based and Novolac-based vinyl ester resin.
Based on the end-use industry type, Stratview research has segmented the market as pipes & tanks, building & construction, marine, wind energy, transportation, and others.
All regions are expected to suffer from an enormous decline in 2020. In spite of the grave downturn, Asia-Pacific is projected to remain the largest market for vinyl ester resins during the forecast period.
Key Players
The following are some of the key players in the Vinyl Ester Resin Market in the Composites Industry:
- Ineos Composites
- AOC Aliancys
- Polynt-Reichhold Group
- Swancor
- Eternal Materials Co., Ltd.
- Interplastic Corporation
- SIR Industriale S.p.A.
- Sino Polymers.
FREQUENTLY ASKED QUESTIONS
The report answers several questions related to the market. The user can get to know the answers to the following questions…
- What is the global demand for Vinyl Ester Resin Market in the Composites Industry in terms of revenue?
- Which are the prominent players in the market?
- At what CAGR is the market projected to grow within the forecast period?
- What are the driving factors fuelling the growth of the market?
- Which region accounted for the largest share in the market?
- How did the Covid19 impacted the market?
- How long will it take to recover from the Covid impact?
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