Market Overview:
The global VER resins market is expected to reach USD 2.5 billion by 2030, registering a CAGR of 5.8% during the forecast period 2018-2030. The growth in the market can be attributed to the increasing demand for fiber reinforced plastics (FRP) and coatings applications across the globe. In terms of type, standard Bisphenol A epoxy vinyl ester resin is projected to hold a dominant position in the market during the forecast period owing to its properties such as high chemical resistance and excellent mechanical properties. However, flame retardant vinyl ester resin is expected to grow at a higher CAGR over 2018-2030 due to its increasing demand from end-use industries such as construction and automotive sectors. In terms of application, fiber reinforced plastic (FRP) held a dominant position in 2017 and is projected to maintain its dominance throughout the forecast period.
Product Definition:
VER resins are a type of thermoset resin that can be cured by heat and/or radiation. They are used in a variety of applications, including adhesives, coatings, composites, and sealants.
Standard Bisphenol A Epoxy Vinyl Ester Resin:
Bisphenol A (BPA) is a synthetic compound derived from styrene-butadiene. It is primarily used to produce polycarbonate, which has applications in numerous industries including consumer goods, automotive & transportation and medical devices. BPA is employed as an epoxy resin additive for PVC production owing to its ability to reduce PVC softening temperature by up to 50°C and increase flexibility without compromising on strength.
Flame Retardant Vinyl Ester Resin:
Flame retardant vinyl ester resin is a type of synthetic polymer, which is widely used in the production of rigid plastics and flexible sheets. It has high resistance to heat and flame, due to which it finds application in various industries such as building & construction, automotive & transportation, electrical & electronics.
The global market for flame retardant vinyl ester resin (VER) resins was valued at USD 3.6 billion in 2015.
Application Insights:
The fiber reinforce plastic segment led the global VER market in 2017 and is projected to expand at a revenue-based CAGR of XX% over the forecast period. Fiber reinforced plastics are widely used in applications such as automotive, construction, marine, electronics and appliances among others owing to their high strength-to-weight ratio. Coating application was the second largest segment with a revenue share of 17.1% in 2017 on account of extensive use for corrosion resistance and aesthetic purposes globally across various industries including oil & gas, chemical manufacturing etc.
Regional Analysis:
Asia Pacific dominated the global market in terms of revenue with a share of over 40.0% in 2017. The growth is attributed to rising demand from end-use industries such as construction, automotive, marine and others. Increasing infrastructure activities coupled with growing automobile production has led to an increase in the consumption of ver resins across Asia Pacific region which is expected to drive the market over the forecast period.
The construction industry has witnessed significant growth since past few years on account of increasing infrastructural needs across various countries such as India, China.
Growth Factors:
- Increasing demand from end-use industries such as construction, automotive and electrical & electronics
- Rising awareness about the benefits of using VER resins over traditional materials
- Growing R&D investments by resin manufacturers to develop new products and applications
- Expansion of manufacturing capacities by key players to cater to rising demand
- Emergence of new players in the market
Scope Of The Report
Report Attributes
Report Details
Report Title
VER Resins Market Research Report
By Type
Standard Bisphenol A Epoxy Vinyl Ester Resin, Flame Retardant Vinyl Ester Resin, Novolac Epoxy Vinyl Ester Resin, Hybrid Vinyl Ester Resin, Pultrusion Resins, Polyurethane Modified Vinyl Ester Resin, Other
By Application
Fiber Reinforce Plastic (FRP), Coating, Others
By Companies
Ashland, Swancor, Sino Polymer, Reichhold, DSM, AOC Resins, Fuchem, Changzhou Tianma Group, Showa Denko, Interplastic Corporation, Ashland
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
182
Number of Tables & Figures
128
Customization Available
Yes, the report can be customized as per your need.
Global VER Resins Market Report Segments:
The global VER Resins market is segmented on the basis of:
Types
Standard Bisphenol A Epoxy Vinyl Ester Resin, Flame Retardant Vinyl Ester Resin, Novolac Epoxy Vinyl Ester Resin, Hybrid Vinyl Ester Resin, Pultrusion Resins, Polyurethane Modified Vinyl Ester Resin, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Fiber Reinforce Plastic (FRP), Coating, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Ashland
- Swancor
- Sino Polymer
- Reichhold
- DSM
- AOC Resins
- Fuchem
- Changzhou Tianma Group
- Showa Denko
- Interplastic Corporation
- Ashland
Highlights of The VER Resins Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Standard Bisphenol A Epoxy Vinyl Ester Resin
- Flame Retardant Vinyl Ester Resin
- Novolac Epoxy Vinyl Ester Resin
- Hybrid Vinyl Ester Resin
- Pultrusion Resins
- Polyurethane Modified Vinyl Ester Resin
- Other
- By Application:
- Fiber Reinforce Plastic (FRP)
- Coating
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the VER Resins Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
VER Resins are a family of thermoplastic resins that are used in a wide variety of applications, including engineering plastics, medical devices, and consumer goods. VER Resins offer superior performance and reliability in a variety of industries.
Some of the key players operating in the ver resins market are Ashland, Swancor, Sino Polymer, Reichhold, DSM, AOC Resins, Fuchem, Changzhou Tianma Group, Showa Denko, Interplastic Corporation, Ashland.
The ver resins market is expected to grow at a compound annual growth rate of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 VER Resins Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 VER Resins Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 VER Resins Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the VER Resins Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global VER Resins Market Size & Forecast, 2018-2028
4.5.1 VER Resins Market Size and Y-o-Y Growth
4.5.2 VER Resins Market Absolute $ Opportunity
Chapter 5 Global VER Resins Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 VER Resins Market Size Forecast by Type
5.2.1 Standard Bisphenol A Epoxy Vinyl Ester Resin
5.2.2 Flame Retardant Vinyl Ester Resin
5.2.3 Novolac Epoxy Vinyl Ester Resin
5.2.4 Hybrid Vinyl Ester Resin
5.2.5 Pultrusion Resins
5.2.6 Polyurethane Modified Vinyl Ester Resin
5.2.7 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global VER Resins Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 VER Resins Market Size Forecast by Applications
6.2.1 Fiber Reinforce Plastic (FRP)
6.2.2 Coating
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global VER Resins Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 VER Resins Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America VER Resins Analysis and Forecast
9.1 Introduction
9.2 North America VER Resins Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America VER Resins Market Size Forecast by Type
9.6.1 Standard Bisphenol A Epoxy Vinyl Ester Resin
9.6.2 Flame Retardant Vinyl Ester Resin
9.6.3 Novolac Epoxy Vinyl Ester Resin
9.6.4 Hybrid Vinyl Ester Resin
9.6.5 Pultrusion Resins
9.6.6 Polyurethane Modified Vinyl Ester Resin
9.6.7 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America VER Resins Market Size Forecast by Applications
9.10.1 Fiber Reinforce Plastic (FRP)
9.10.2 Coating
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe VER Resins Analysis and Forecast
10.1 Introduction
10.2 Europe VER Resins Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe VER Resins Market Size Forecast by Type
10.6.1 Standard Bisphenol A Epoxy Vinyl Ester Resin
10.6.2 Flame Retardant Vinyl Ester Resin
10.6.3 Novolac Epoxy Vinyl Ester Resin
10.6.4 Hybrid Vinyl Ester Resin
10.6.5 Pultrusion Resins
10.6.6 Polyurethane Modified Vinyl Ester Resin
10.6.7 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe VER Resins Market Size Forecast by Applications
10.10.1 Fiber Reinforce Plastic (FRP)
10.10.2 Coating
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific VER Resins Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific VER Resins Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific VER Resins Market Size Forecast by Type
11.6.1 Standard Bisphenol A Epoxy Vinyl Ester Resin
11.6.2 Flame Retardant Vinyl Ester Resin
11.6.3 Novolac Epoxy Vinyl Ester Resin
11.6.4 Hybrid Vinyl Ester Resin
11.6.5 Pultrusion Resins
11.6.6 Polyurethane Modified Vinyl Ester Resin
11.6.7 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific VER Resins Market Size Forecast by Applications
11.10.1 Fiber Reinforce Plastic (FRP)
11.10.2 Coating
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America VER Resins Analysis and Forecast
12.1 Introduction
12.2 Latin America VER Resins Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America VER Resins Market Size Forecast by Type
12.6.1 Standard Bisphenol A Epoxy Vinyl Ester Resin
12.6.2 Flame Retardant Vinyl Ester Resin
12.6.3 Novolac Epoxy Vinyl Ester Resin
12.6.4 Hybrid Vinyl Ester Resin
12.6.5 Pultrusion Resins
12.6.6 Polyurethane Modified Vinyl Ester Resin
12.6.7 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America VER Resins Market Size Forecast by Applications
12.10.1 Fiber Reinforce Plastic (FRP)
12.10.2 Coating
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) VER Resins Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) VER Resins Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) VER Resins Market Size Forecast by Type
13.6.1 Standard Bisphenol A Epoxy Vinyl Ester Resin
13.6.2 Flame Retardant Vinyl Ester Resin
13.6.3 Novolac Epoxy Vinyl Ester Resin
13.6.4 Hybrid Vinyl Ester Resin
13.6.5 Pultrusion Resins
13.6.6 Polyurethane Modified Vinyl Ester Resin
13.6.7 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) VER Resins Market Size Forecast by Applications
13.10.1 Fiber Reinforce Plastic (FRP)
13.10.2 Coating
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 VER Resins Market: Competitive Dashboard
14.2 Global VER Resins Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Ashland
14.3.2 Swancor
14.3.3 Sino Polymer
14.3.4 Reichhold
14.3.5 DSM
14.3.6 AOC Resins
14.3.7 Fuchem
14.3.8 Changzhou Tianma Group
14.3.9 Showa Denko
14.3.10 Interplastic Corporation
14.3.11 Ashland
