Vinyl Ester Market Size and Share
Market Overview
| Study Period | 2019 - 2030 |
| Market Size (2025) | USD 1.17 Billion |
| Market Size (2030) | USD 1.47 Billion |
| Growth Rate (2025 - 2030) | 4.72% CAGR |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0. |
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Vinyl Ester Market Analysis by Mordor Intelligence
The vinyl ester market stood at USD 1.17 billion in 2025 and is forecast to reach USD 1.47 billion by 2030, advancing at a 4.72% CAGR. Growth is fueled by demand for corrosion-resistant composites in pipes, tanks, marine structures, and renewable-energy equipment. Continued industrialization in Asia-Pacific, rising refurbishment of chemical plants in North America, and infrastructure upgrades across Europe support steady volume uptake. Competitive activity is marked by portfolio realignment and targeted capacity additions, helping suppliers balance feedstock volatility and tight delivery schedules.
Key Report Takeaways
- By type, DGEBA resins led with 54% vinyl ester market share in 2024 and is projected to post the fastest CAGR at 4.78% to 2030.
- By application, pipes and tanks captured 65% of the vinyl ester market size in 2024 and are expanding at a 4.86% CAGR.
- By geography, Asia-Pacific held 56% revenue share of the vinyl ester market in 2024, while the region also records the quickest 4.91% CAGR through 2030.
Global Vinyl Ester Market Trends and Insights
Driver Impact Analysis
| Driver | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Superior Chemical and Corrosion Resistance | +1.7% | Global, with emphasis on Asia-Pacific and North America | Long term (≥ 4 years) |
| Growing Application in the Manufacture of Fiber Reinforced Plastic Tanks and Vessels | +1.2% | Asia-Pacific, North America, Europe | Medium term (2-4 years) |
| Expansion of Renewable Energy Sector | +0.9% | Europe, North America, Asia-Pacific | Long term (≥ 4 years) |
| Growing Demand in Infrastructure and Industrial Applications | +0.7% | Asia-Pacific, Middle East and Africa | Medium term (2-4 years) |
| Advancements in Composite Manufacturing | +0.5% | Global, with emphasis on North America and Europe | Short term (≤ 2 years) |
Source: Mordor Intelligence
Superior Chemical and Corrosion Resistance
Vinyl ester resins resist acids, alkalis, and solvents better than steel, concrete, or polyester composites, enabling longer service life for chemical processing gear, wastewater assets, and marine platforms. Fewer ester linkages limit hydrolysis, cutting material failures, and shutdown costs. New grades containing silicon-carbide particles boost abrasion resistance for agitators and pump housings. End users increasingly weigh full lifecycle economics, favoring vinyl ester when downtime penalties exceed initial outlay.
Expansion of Renewable Energy Sector
Wind-turbine blades rely on vinyl ester composites for superior fatigue resistance and moisture tolerance. Capacity additions in onshore and offshore parks drive multi-year pull-through for spar caps and nacelle covers[1]International Energy Agency, “Renewables 2024,” iea.org. Hydrogen-storage vessel builders use high-modulus vinyl ester wraps on Type 3 cylinders to meet burst-strength codes. Tin-treated glass/vinyl-ester reflectors achieving 95% solar reflectivity unlock scope in concentrated-solar plants.
Growing Demand in Infrastructure and Industrial Applications
Bridge decks, flue-gas ducts, and polymer-concrete floors benefit from vinyl ester’s combined chemical and mechanical endurance. Formulations reinforced with basalt or carbon fabrics extend spans and resist chloride ingress, lessening repair cycles for coastal highways. Industrial flooring blends using vinyl ester binders exhibit compressive strengths above 90 MPa, supporting heavy process equipment without cracking.
Advancements in Composite Manufacturing
Reuse-capable silicone bagging allows 400–1,000 molding cycles, cutting consumable waste and set-up time. Energy-efficient induction and microwave curing trim composite line power needs are reduced by up to 90%[2]JEC Composites, “Modern Composite Manufacturing with Reusable Silicone Technology,” jeccomposites.com. Direct-ink-written vinyl ester lattices achieve 3.7 GPa modulus, opening additive-manufacturing routes for customized medical and defense parts.
Restraint Impact Analysis
| Restraint | (~) Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Styrene/Epoxy Feedstock Price Volatility Pressuring Margins | -0.7% | Global, with higher impact in Europe and North America | Medium term (2-4 years) |
| Availability of Substitutes | -0.5% | Global | Medium term (2-4 years) |
| Limited Shelf Life | -0.2% | Global, with higher impact in regions with challenging logistics | Short term (≤ 2 years) |
Source: Mordor Intelligence
Styrene/Epoxy Feedstock Price Volatility Pressuring Margins
Styrene and epoxide monomers faced sharp price spikes in 2024, prompting resin makers to raise list prices for vinyl-ester formulations. Margin protection now hinges on long-term supply deals, hedging, and formula-based pass-through clauses. Research into lower-styrene or styrene-free blends is also accelerating.
Availability of Substitutes
Polyurethane and recyclable thermoplastic composites are winning trial orders thanks to faster cure cycles and lower volatile-organic-compound emissions. Cardanol-based biopolymer epoxies further challenge commodity vinyl ester in green-label projects. Suppliers counter by promoting higher heat-deflection grades and extended-service-life warranties.
Segment Analysis
By Type: DGEBA Consolidates Leadership
DGEBA resins accounted for 54% vinyl ester market share in 2024, underpinned by a cost-to-performance balance suited to marine, chemical, and infrastructure laminates. The segment records a 4.78% CAGR, supported by the ongoing development of low-styrene mixes that ease workplace emission caps. Manufacturers are also pursuing styrene-free DGEBA variants to gain acceptance in tight-ventilation production halls.
Epoxy-phenol-novolac (EPN) resins, though smaller, secure orders for high-temperature scrubbers and acid plants. Brominated grades address flame-spread codes in rail interiors, while elastomer-modified resins supply hull sections needing impact damping. Recent UL 94 V0-compliant compounds maintain tensile strength above 80 MPa, reflecting formulation progress without halogen overuse.
Note: Segment shares of all individual segments available upon report purchase
By Application: Pipes and Tanks Drive Volume
Pipes and tanks commanded 65% vinyl ester market share in 2024 and progress at a 4.86% CAGR. Advances in automated filament winding enable pipe diameters exceeding 3 m while holding dimensional tolerances within ±1 mm.
Coating systems leverage rapid-cure vinyl-ester linings for flue-gas desulfurization ducts and pulp-mill bleaching towers. Transportation uses lighter, tougher panels to shave fuel burn in high-speed ferries and electric bus shells. Self-healing microcapsule technology extends coating life in salt-spray environments beyond 50 days with zero blistering, broadening adoption in coastal infrastructure.
Note: Segment shares of all individual segments available upon report purchase
Geography Analysis
Asia-Pacific retained a 56% revenue share in 2024 and grows fastest at 4.91% through 2030. State-backed rail corridors, desalination projects, and onshore wind farms in China and India underpin the resin offtake. Regional producers benefit from localized supply chains that sidestep transocean freight risks.
North America is buoyed by refinery overhauls along the Gulf Coast and government incentives for offshore wind arrays. The vinyl ester market size in the United States is also lifted by bridge-deck replacement programs that specify corrosion-resistant composites to extend asset life beyond 75 years.
Europe emphasizes recycling and low-styrene emissions, prompting the adoption of next-generation formulations. Grants for hydrogen-demo hubs in Germany and the Netherlands accelerate demand for Type 3 vessels with vinyl-ester liners.
South America sees strong orders in Brazil’s water-treatment build-outs and petrochemical capacity additions, while the Middle East applies vinyl-ester composites in desalination piping and chemical handling at new refining complexes. Africa’s mining sector is trialing vinyl-ester lined leach tanks to improve acid resistance in copper extraction circuits.
Competitive Landscape
The vinyl ester market is highly consolidated: the top five suppliers control roughly 60% of global turnover. AOC, Polynt-Reichhold Group, and Ashland concentrate on proprietary binder platforms that cut cure shrinkage and ease pultrusion run rates.
R&D pipelines prioritize bio-content, styrene elimination, and extended pot life. Oxalic-acid stabilization technology lengthens shelf life to six months without latent curing loss, aiding distributors in hot climates[3]U.S. Patent, “Oxalic Acid Stabilized Thermosettable Vinyl Ester Resins,” patents.google.com . Suppliers are also integrating additive manufacturing toolkits to bundle resin and printing filament solutions, creating pull-through for design-for-function components.
Strategic capacity projects cluster near feedstock hubs; for example, expansions in the U.S. Gulf help offset epoxy cost swings while ensuring just-in-time deliveries to wind-blade fabricators. Vertical integration into gelcoats and downstream molding services strengthens switching costs and shields core resin margins.
Vinyl Ester Industry Leaders
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AOC
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Polynt-Reichhold Group
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Ashland Inc.
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Interplastic Corporation
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ALTA Performance Materials
- *Disclaimer: Major Players sorted in no particular order
Recent Industry Developments
- February 2025: Allnex GMBH unveiled its latest VIAPAL vinyl ester grades, meticulously designed for superior chemical resistance, which is expected to enhance product offerings and drive growth in the vinyl ester market.
- December 2024: Sir Industriale launched its high-reactivity SIRESTER VE 64-M-140 epoxy-novolac vinyl ester resin, a development expected to positively influence the growth and innovation within the vinyl ester market.
Global Vinyl Ester Market Report Scope
Vinyl ester has a greater degree of heat resistance and a high resistance to toxic agents and structural deformation corrosion. By esterification with acidic catalysts, epoxies can be converted to vinyl ester resin, providing an intermediate substance with mechanical capabilities smaller than those of epoxy resins but greater than polyester. The vinyl ester market is segmented by type, application, and geography. By type, the market is segmented into bisphenol A diglycidyl ether (DGEBA), epoxy phenol novolac (EPN), and other types. On the basis of application, the market is segmented into pipes and tanks, paints and coatings, transportation, and other applications. The report also covers the market sizes and forecasts in 15 countries across the major regions. For each segment, the market sizing and forecasts have been done on the basis of revenue (USD million).
| By Type | Bisphenol A Diglycidyl Ether (DGEBA) | ||
| Epoxy Phenol Novolac (EPN) | |||
| Other Types | |||
| By Application | Pipes and Tanks | ||
| Paints and Coatings | |||
| Transportation | |||
| Other Applications | |||
| By Geography | Asia-Pacific | China | |
| India | |||
| Japan | |||
| South Korea | |||
| Rest of Asia-Pacific | |||
| North America | United States | ||
| Canada | |||
| Mexico | |||
| Europe | Germany | ||
| United Kingdom | |||
| France | |||
| Italy | |||
| Rest of Europe | |||
| South America | Brazil | ||
| Argentina | |||
| Rest of South America | |||
| Middle East and Africa | Saudi Arabia | ||
| South Africa | |||
| Rest of Middle East and Africa | |||
| Bisphenol A Diglycidyl Ether (DGEBA) |
| Epoxy Phenol Novolac (EPN) |
| Other Types |
| Pipes and Tanks |
| Paints and Coatings |
| Transportation |
| Other Applications |
| Asia-Pacific | China |
| India | |
| Japan | |
| South Korea | |
| Rest of Asia-Pacific | |
| North America | United States |
| Canada | |
| Mexico | |
| Europe | Germany |
| United Kingdom | |
| France | |
| Italy | |
| Rest of Europe | |
| South America | Brazil |
| Argentina | |
| Rest of South America | |
| Middle East and Africa | Saudi Arabia |
| South Africa | |
| Rest of Middle East and Africa |
Key Questions Answered in the Report
What is the current size of the vinyl ester market?
The vinyl ester market size was USD 1.17 billion in 2025 and is projected to reach USD 1.47 billion by 2030.
Which segment leads the vinyl ester market by application?
Pipes and tanks hold 65% of 2024 revenue, benefiting from high corrosion-resistance needs in chemical and water-treatment plants.
Why is Asia-Pacific the largest regional market?
The region’s industrial build-out, infrastructure expansion, and wind-energy projects collectively consume the largest volume of vinyl ester composites.
How are manufacturers tackling styrene emissions?
Suppliers are developing low-styrene and styrene-free vinyl ester grades and pairing them with energy-efficient curing to meet stricter workplace and environmental standards.
