Market Size of Vinyl Ester Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 4.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Vinyl Ester Market Analysis
The vinyl ester market was valued at USD 977 million in 2021, and it is expected to register a CAGR of over 4.5% during the forecast period (2022-2027).
The COVID-19 pandemic impacted the market negatively in 2020; however, it has been estimated to have reached pre-pandemic levels and is expected to grow at a steady rate during the forecast period (2022-2027).
The major factors driving the market are growing application in the manufacture of fiber-reinforced plastic tanks and vessels and increasing application in making corrosion-resistant equipment.
On the flip side, the toxicity of vinyl ester resin is hindering the growth of the market studied.
The growing application in flue gas desulphurization is expected to offer various opportunities for the growth of the market studied over the forecast period.
The Asia-Pacific region dominated the market for vinyl ester, with China, India, and Japan being the major contributors to the market demand.
