세계의 비닐에스테르 시장 예측 : 제품별, 형태별, 유통 채널별, 용도별, 최종 사용자별, 지역별 분석(-2030년)

According to Stratistics MRC, the Global Vinyl Ester Market is accounted for $1.04 billion in 2024 and is expected to reach $1.50 billion by 2030 growing at a CAGR of 6.4% during the forecast period. Vinyl ester is a thermosetting polymer formed by the reaction of unsaturated monomers, typically derived from the reaction of epoxy resins with unsaturated carboxylic acids. This versatile resin combines the properties of both epoxy and polyester resins, offering excellent chemical resistance, high strength, and durability. Vinyl ester is widely used in various applications, including marine construction, automotive parts, and corrosion-resistant coatings, making it a preferred choice in industries requiring robust and reliable materials.

Market Dynamics:

Driver:

Growing demand in construction

Growing demand in the construction for vinyl esters are increasingly used in various applications, including flooring, roofing, and composite materials, where their ability to withstand harsh environmental conditions is crucial. As urbanization and infrastructure development accelerate globally, the need for reliable and long-lasting construction materials drives adoption. Additionally, the trend towards sustainable building practices enhances the appeal of vinyl esters, further boosting their market presence in construction projects.

Restraint:

Health and environmental concerns

The release of volatile organic compounds (VOCs) during manufacturing and curing processes can pose health risks to workers and end-users. Additionally, increasing regulatory pressure aimed at reducing environmental impact leads to stricter compliance requirements, potentially raising production costs. These concerns prompt manufacturers to seek alternative materials that are perceived as safer and more sustainable, thereby limiting the growth and adoption of vinyl ester resins in various industries.

Opportunity:

Rising demand in renewable energy

Vinyl esters' excellent strength, durability, and corrosion resistance make them ideal for withstanding harsh environmental conditions, enhancing the performance and lifespan of renewable energy products. Additionally, government initiatives and investments in sustainable energy sources further drive the need for advanced materials. As the transition to clean energy accelerates, the demand for vinyl esters in this sector is expected to grow substantially.

Threat:

Alternatives in the market

The availability of alternative materials, such as epoxy and polyester resins for instance, exhibit excellent adhesion and chemical resistance, making them appealing for various applications. Additionally, advancements in polyester formulations have enhanced their performance, further attracting customers. This competition can lead to pricing pressures and reduced market share for vinyl esters, as manufacturers and end-users increasingly consider cost-effectiveness and performance when selecting materials for their applications, thereby hampering the growth of the market.

Covid-19 Impact

The COVID-19 pandemic had a mixed impact on the vinyl ester market. Initially, supply chain disruptions and production halts affected manufacturing, particularly in industries like construction and automotive. However, the demand for vinyl ester resins in the healthcare sector surged due to their use in medical equipment and protective gear. Additionally, the growing need for durable materials in various applications fostered a gradual recovery. Overall, while the pandemic posed challenges, it also highlighted the resilience and versatility of vinyl ester products in critical sectors.

The distributors segment is expected to be the largest during the forecast period

The distributors segment is estimated to have a lucrative growth, by ensuring efficient supply chain management and facilitating access to a broad range of customers across various industries. Distributors play a crucial role in promoting vinyl ester products, educating end-users about their benefits, and providing technical support for applications. Their established networks enable quicker delivery and responsiveness to market demands, fostering strong relationships with manufacturers and customers alike. Additionally, distributors help in expanding market reach, enabling manufacturers to tap into new geographic regions and sectors, thereby driving overall market growth.

The automotive segment is expected to have the highest CAGR during the forecast period

The automotive segment is anticipated to witness the highest CAGR growth during the forecast period, due to enhance vehicle performance and fuel efficiency. Vinyl esters are favoured for their excellent mechanical properties and chemical resistance, making them ideal for components such as body panels, interiors, and composites in electric vehicles. The shift towards sustainable practices and the use of advanced materials in automotive manufacturing further boost market growth. Additionally, the automotive industry's focus on reducing emissions and enhancing safety features drives the adoption of vinyl esters and foster the growth of the market.

Region with largest share:

The Asia Pacific region is expected to hold the largest share of the market during the forecast period due to rapid industrialization and increasing demand across various sectors, including construction, automotive, and marine. Countries like China and India are significant contributors, with expanding infrastructure projects and rising manufacturing activities boosting the need for durable and corrosion-resistant materials. Additionally, the automotive industry's shift towards lightweight materials for fuel efficiency and performance is propelling the adoption of vinyl esters. The region's focus on sustainable practices and advanced manufacturing technologies further enhances the market's growth prospects in the coming years.

Region with highest CAGR:

The North America region is predicted to witness the lucrative growth rate throughout the forecast period, owing to robust demand across various industries, including construction, automotive, and aerospace. The region's focus on advanced manufacturing technologies and sustainable materials fosters innovation in vinyl ester applications, particularly in lightweight and high-performance composites. Additionally, the rising trend of renewable energy projects, such as wind and solar, further contributes to the demand for vinyl ester resins, solidifying North America's position as a vital market for this material.

Key players in the market

Some of the key players profiled in the Vinyl Ester Market include Ashland Global Holdings Inc., BASF SE, Hexion Inc., Polynt-Reichhold, Mitsubishi Chemical Corporation, Olin Corporation, The Dow Chemical Company, DSM Coating Resins, Cromex, Scott Bader Company Ltd., Kraton Corporation, AOC Aliancys, Evonik Industries AG, Huntsman Corporation, Allnex Belgium S.A., Sika AG, Gurit Holding AG, 3M Company, Momentive Performance Materials Inc. and Rohm and Haas Company.

Key Developments:

In October 2024, BASF made a strategic partnership with Aspen Aerogels to enhance its aerogel product offerings and expand its market reach. This partnership is set to drive innovation in aerogel technologies, particularly in high-performance insulation materials.

In April 2024, BASF successfully commissioned a pilot plant dedicated to producing SLENTITE(R), a cutting-edge polyurethane-based aerogel insulation panel. This innovative product is designed to meet the increasing demand for efficient thermal insulation in construction, offering a unique combination of lightweight characteristics and mechanical strength.

Products Covered:

• Bisphenol A Vinyl Esters
• Novolac Vinyl Esters
• Other Products

Forms Covered:

• Liquid Vinyl Esters
• Solid Vinyl Esters
• Other Forms

Distribution Channels Covered:

• Direct Sales
• Distributors
• Online Sales
• Other Distribution Channels

Applications Covered:

• Composites
• Coatings
• Adhesives and Sealants
• Unsaturated Polyester Resins
• Other Applications

End Users Covered:

• Construction
• Automotive
• Marine
• Aerospace
• Wind Energy
• Electrical & Electronics
• Consumer Goods
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Product Analysis
• 3.7 Application Analysis
• 3.8 End User Analysis
• 3.9 Emerging Markets
• 3.10 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Vinyl Ester Market, By Product

• 5.1 Introduction
• 5.2 Bisphenol A Vinyl Esters
• 5.3 Novolac Vinyl Esters
• 5.4 Other Products

6 Global Vinyl Ester Market, By Form

• 6.1 Introduction
• 6.2 Liquid Vinyl Esters
• 6.3 Solid Vinyl Esters
• 6.4 Other Forms

7 Global Vinyl Ester Market, By Distribution Channel

• 7.1 Introduction
• 7.2 Direct Sales
• 7.3 Distributors
• 7.4 Online Sales
• 7.5 Other Distribution Channels

8 Global Vinyl Ester Market, By Application '

• 8.1 Introduction
• 8.2 Composites
• 8.3 Coatings
• 8.4 Adhesives and Sealants
• 8.5 Unsaturated Polyester Resins
• 8.6 Other Applications

9 Global Vinyl Ester Market, By End User

• 9.1 Introduction
• 9.2 Construction
• 9.3 Automotive
• 9.4 Marine
• 9.5 Aerospace
• 9.6 Wind Energy
• 9.7 Electrical & Electronics
• 9.8 Consumer Goods
• 9.9 Other End Users

10 Global Vinyl Ester Market, By Geography

• 10.1 Introduction
• 10.2 North America
  • 10.2.1 US
  • 10.2.2 Canada
  • 10.2.3 Mexico
• 10.3 Europe
  • 10.3.1 Germany
  • 10.3.2 UK
  • 10.3.3 Italy
  • 10.3.4 France
  • 10.3.5 Spain
  • 10.3.6 Rest of Europe
• 10.4 Asia Pacific
  • 10.4.1 Japan
  • 10.4.2 China
  • 10.4.3 India
  • 10.4.4 Australia
  • 10.4.5 New Zealand
  • 10.4.6 South Korea
  • 10.4.7 Rest of Asia Pacific
• 10.5 South America
  • 10.5.1 Argentina
  • 10.5.2 Brazil
  • 10.5.3 Chile
  • 10.5.4 Rest of South America
• 10.6 Middle East & Africa
  • 10.6.1 Saudi Arabia
  • 10.6.2 UAE
  • 10.6.3 Qatar
  • 10.6.4 South Africa
  • 10.6.5 Rest of Middle East & Africa

11 Key Developments

• 11.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 11.2 Acquisitions & Mergers
• 11.3 New Product Launch
• 11.4 Expansions
• 11.5 Other Key Strategies

12 Company Profiling

• 12.1 Ashland Global Holdings Inc.
• 12.2 BASF SE
• 12.3 Hexion Inc.
• 12.4 Polynt-Reichhold
• 12.5 Mitsubishi Chemical Corporation
• 12.6 Olin Corporation
• 12.7 The Dow Chemical Company
• 12.8 DSM Coating Resins
• 12.9 Cromex
• 12.10 Scott Bader Company Ltd.
• 12.11 Kraton Corporation
• 12.12 AOC Aliancys
• 12.13 Evonik Industries AG
• 12.14 Huntsman Corporation
• 12.15 Allnex Belgium S.A.
• 12.16 Sika AG
• 12.17 Gurit Holding AG
• 12.18 3M Company
• 12.19 Momentive Performance Materials Inc.
• 12.20 Rohm and Haas Company