Market Overview:
The global vinylester resins market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth of the market can be attributed to the increasing demand for fiber reinforced plastic (FRP) products and construction applications, and rising awareness about the benefits of vinylester resins over other resin types. The global vinylester resins market is segmented on the basis of type, application, and region. On the basis of type, it is divided into bisphenol-A vinyl ester resin, novolac vinyl ester resin, brominated vinyl ester resin, and other types. The FRP segment accounted for a major share of the global vinylester resins market in 2017 and is projected to grow at a high CAGR during the forecast period owing to its superior properties such as high strength-to-weight ratio and corrosion resistance as compared to other traditional materials used in FRP products such as polyester or epoxy resins. In terms of application, construction held a dominant share in 2017 due to increased spending on infrastructure development projects across regions worldwide.
Product Definition:
A vinylester resin is a thermosetting plastic that is used in the production of fiberglass-reinforced plastics. These resins are important because they provide increased strength and resistance to weathering and corrosion.
Bisphenol-A Vinyl Ester Resin:
Bisphenol-A (BPA) is a synthetic compound, which is also known as polycarbonate. It has a strong smell of plastic and tastes like plastic. BPA is widely used in the production of plastics for food packaging, thermal & electrical insulation and automotive components. The demand for plastics has increased owing to their lightweight, durability & strength along with low cost compared to other materials such as metals & glass.
Novolac Vinyl Ester Resin:
Novolac vinyl ester resin is a polymer, which contains one or more hydroxyl groups and one or more carbon atoms in an aliphatic chain. Novolac resins are manufactured by the catalytic polymerization of vinyl alcohol with acrylonitrile using either of the following methods: emulsion method and bulk method. The commercial product available is a light yellow solid, having odor like that of acetone.
Application Insights:
FRP was the largest application segment in terms of revenue and is projected to witness significant growth over the forecast period. Increasing demand for lightweight vehicles is expected to propel product consumption in this application segment. The global automotive industry has been witnessing tremendous growth over the past few years owing to increasing sales of mid-sized cars and compact cars globally. This trend is expected to continue over the forecast period, thereby driving product demand in FRP applications globally.
The construction sector emerged as a dominant application segment with a share of 29% in 2017 and it is anticipated that this trend will continue over the next seven years with rapid urbanization across developing countries such as India, China, Bangladesh, etc., which are likely to invest significantly on infrastructure development projects globally.
Regional Analysis:
Asia Pacific was the largest market for global vinylester resins and accounted for a volume share of over 45% in 2017. The growth is attributed to increasing demand from various application industries in developing countries such as China, India, and Japan. In addition, rising investments from foreign companies are expected to boost the regional market growth over the forecast period.
The growing automotive industry coupled with increasing infrastructure spending by governments across Asia Pacific is projected to be a key factor driving product demand during the forecast period. Furthermore, favorable government regulations aimed at promoting domestic manufacturing activities are anticipated to provide further impetus towards industry expansion over next eight years.
In terms of revenue, Europe was estimated at USD X million in 2017.
Growth Factors:
- Increasing demand from end-use industries such as construction and transportation
- Growing popularity of composites in various applications
- Rising awareness about the benefits of vinylester resins over traditional resin systems
- Technological advancements in manufacturing processes and products
- Growing demand for lightweight, high-performance materials
Scope Of The Report
Report Attributes
Report Details
Report Title
Vinylester Resins Market Research Report
By Type
Bisphenol-A Vinyl Ester Resin, Novolac Vinyl Ester Resin, Brominated Vinyl Ester Resin, Other
By Application
Fiber Reinforced Plastic (FRP), Construction, Transportation, Paint and Coatings, Other
By Companies
Swancor, Sino Polymer, Fuchem, Ashland, DSM, Showa Denko, Tianma, Swancor
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
120
Number of Tables & Figures
84
Customization Available
Yes, the report can be customized as per your need.
Global Vinylester Resins Market Report Segments:
The global Vinylester Resins market is segmented on the basis of:
Types
Bisphenol-A Vinyl Ester Resin, Novolac Vinyl Ester Resin, Brominated 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 Reinforced Plastic (FRP), Construction, Transportation, Paint and Coatings, Other
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:
- Swancor
- Sino Polymer
- Fuchem
- Ashland
- DSM
- Showa Denko
- Tianma
- Swancor
Highlights of The Vinylester 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:
- Bisphenol-A Vinyl Ester Resin
- Novolac Vinyl Ester Resin
- Brominated Vinyl Ester Resin
- Other
- By Application:
- Fiber Reinforced Plastic (FRP)
- Construction
- Transportation
- Paint and Coatings
- Other
- 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 Vinylester 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.
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- Correctly Positioning New Products
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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?
Vinylester resins are a type of resin that is derived from vinyl chloride. They are used in a variety of applications, including the production of plastics and other materials.
Some of the major players in the vinylester resins market are Swancor, Sino Polymer, Fuchem, Ashland, DSM, Showa Denko, Tianma, Swancor.
The vinylester resins market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Vinylester 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 Vinylester Resins Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Vinylester 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 Vinylester 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 Vinylester Resins Market Size & Forecast, 2020-2028 4.5.1 Vinylester Resins Market Size and Y-o-Y Growth 4.5.2 Vinylester Resins Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Bisphenol-A Vinyl Ester Resin
5.2.2 Novolac Vinyl Ester Resin
5.2.3 Brominated Vinyl Ester Resin
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Fiber Reinforced Plastic (FRP)
6.2.2 Construction
6.2.3 Transportation
6.2.4 Paint and Coatings
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Vinylester 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 Vinylester 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Bisphenol-A Vinyl Ester Resin
9.6.2 Novolac Vinyl Ester Resin
9.6.3 Brominated Vinyl Ester Resin
9.6.4 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 Market Size Forecast by Applications
9.10.1 Fiber Reinforced Plastic (FRP)
9.10.2 Construction
9.10.3 Transportation
9.10.4 Paint and Coatings
9.10.5 Other
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Bisphenol-A Vinyl Ester Resin
10.6.2 Novolac Vinyl Ester Resin
10.6.3 Brominated Vinyl Ester Resin
10.6.4 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 Market Size Forecast by Applications
10.10.1 Fiber Reinforced Plastic (FRP)
10.10.2 Construction
10.10.3 Transportation
10.10.4 Paint and Coatings
10.10.5 Other
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Bisphenol-A Vinyl Ester Resin
11.6.2 Novolac Vinyl Ester Resin
11.6.3 Brominated Vinyl Ester Resin
11.6.4 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 Market Size Forecast by Applications
11.10.1 Fiber Reinforced Plastic (FRP)
11.10.2 Construction
11.10.3 Transportation
11.10.4 Paint and Coatings
11.10.5 Other
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Bisphenol-A Vinyl Ester Resin
12.6.2 Novolac Vinyl Ester Resin
12.6.3 Brominated Vinyl Ester Resin
12.6.4 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 Market Size Forecast by Applications
12.10.1 Fiber Reinforced Plastic (FRP)
12.10.2 Construction
12.10.3 Transportation
12.10.4 Paint and Coatings
12.10.5 Other
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Bisphenol-A Vinyl Ester Resin
13.6.2 Novolac Vinyl Ester Resin
13.6.3 Brominated Vinyl Ester Resin
13.6.4 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) Market Size Forecast by Applications
13.10.1 Fiber Reinforced Plastic (FRP)
13.10.2 Construction
13.10.3 Transportation
13.10.4 Paint and Coatings
13.10.5 Other
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 Vinylester Resins Market: Competitive Dashboard
14.2 Global Vinylester Resins Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Swancor
14.3.2 Sino Polymer
14.3.3 Fuchem
14.3.4 Ashland
14.3.5 DSM
14.3.6 Showa Denko
14.3.7 Tianma
14.3.8 Swancor