The global vinyl ester market is projected to grow from USD 810.6 Million in 2017 to USD 1,080.0 Million by 2022, at a CAGR of 5.9% from 2017 to 2022. The extensive use of vinyl ester in pipes & tanks in various industries like chemicals and water & wastewater is the primary driver for the vinyl ester market. Growing environmental awareness has also increased the use of vinyl ester in FGD applications. The increasing use of vinyl ester in mass transit and railways is another driver for the market.

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The bisphenol A segment is estimated to be the largest type segment of the vinyl ester market from 2017 to 2022. Bisphenol A vinyl ester resins are used in a host of chemical applications and FGD processes owing to their corrosion resistance property. The marine industry mostly uses vinyl ester resins as barrier coats, gel coats, and in the main composite body of ships.

The pipes & tanks segment is estimated to be the largest end-use segment of the vinyl ester market in 2017. Vinyl ester is used in high-temperature formulations, such as chemical storage vessels and chemical reactors. It is also used in electro-refining tanks and as topcoats for metal containers.

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The low shelf life of vinyl ester resins acts as a restraining factor for the vinyl ester market. Government regulations regarding the VOC content of vinyl ester is another restraining factor for the market.

Key players operating in the vinyl ester market include Ashland Global Holdings Inc. (US), Interplastic Corporation (US), Reinchhold LLC 2 (US), Sino Polymer Co., Ltd. (China), Swancor Holding Company Limited (Taiwan), AOC, LLC (US), Showa Denko K.K. (Germany), and Polynt (Germany), among others. These companies focus on investing in the capacity expansion of plants to achieve growth in the vinyl ester market.

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