Vinyl Ester Market Segmentation:
End-user Segment Analysis
The global vinyl ester market is segmented and analyzed for demand and supply by end-user into mining equipment, building & infrastructure, paints & coatings, transportation, and paper. Out of these, the building & infrastructure segment is expected to hold the highest market share by the end of 2035. The growth of the segment can be attributed to the growing application of vinyl ester on plywood and other furniture, supported by the increase in housing units and the refurbishment of old houses across the globe. For instance, in the USA, a projected 15.5% more housing units, or 1,595,101, were started in 2021 than in 2020 (1,379,601). Several beneficial properties of a vinyl ester such as anti-corrosive coating, high curing speed, and good mechanical strength make vinyl ester an ideal component used for the construction processes of buildings and infrastructures. Furthermore, the high flexibility of vinyl ester is being used for constructing strong parts which need to withstand impact with repeated flexing and without cracking or breaking. Thus, the demand for houses, buildings, commercial spaces, and other infrastructure by the burgeoning population is anticipated to fuel the revenue generation of the segment.
Application (Wind Power, Marine, Storage Tank, Chimney Liners, Oil & Gas, Scrubbers);
The global vinyl ester market is also segmented and analyzed for demand and supply by application into wind power, marine, storage tank, chimney liners, oil & gas, and scrubbers. Out of these, the strong tank segment is attributed to garnering the highest market share during the forecast period. As vinyl ester is being used in high-temperature formulations, it is very useful in chemical storage vessels and chemical reactors. Furthermore, it is being used in electro-refining tanks and as topcoats for metal containers. Vinyl ester is also being used in improving the strength of pipes and tanks with chemical resistance making them safe for use. In addition, massive investments made in developing strong esters, and rising government support in the research and development sector are also anticipated to fuel segment growth. Rising environmental awareness and stringent government rules are also projected to increase the usage of vinyl ester in the construction of storage tanks thus expanding the segment size during the analysis period.
Our in-depth analysis of the global market includes the following segments:
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By Application |
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