Vinyl Ester Market Size

Statistics for the 2023 & 2024 Vinyl Ester market size, created by Mordor Intelligence™ Industry Reports. Vinyl Ester size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Vinyl Ester Industry

Vinyl Ester Market Size
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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

Vinyl Ester Market Key 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.

Vinyl Ester Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)