The global vinyl ester market is anticipated to record an escalating growth during 2017 to 2025, according to a new report published by Transparency Market Research. The expected growth of the global vinyl ester market is attributed to the rise in demand for vinyl ester resin from emerging economies in Asia Pacific.
On the basis of regional perspective, Asia Pacific has held majority of the market share in the last few years and the same pattern is expected to be followed by the vinyl ester market in the forecast period. A major key factor augmenting the demand for vinyl ester resin in marine applications is the emergence of China and South Korea as the leading forces in shipbuilding sector, thereby impacting the regional market growth.
The growth in the manufacturing industry and the urbanization in emerging economies such as India, China and Japan are driving the global market towards significant growth by 2025. Apart from Asia Pacific, North America is also a major region for the vinyl ester resin market growth owing to the presence of notorious water, automotive, and chemical players in the region.
Furthermore, growth factors from construction sector, recreational boating culture and oil & gas industry will impact strongly on the growth of the global vinyl ester market. Some of the major players operating in the vinyl ester resin market are included in this report and those are AOC International, Advance Coatings Company, Inc., Arjay Technologies Inc., Allnex, Ashland Global Holdings Inc., Crest Composites and Plastics, Changzhou Tianma Group Company Limited, DIC Material, Hexion Inc., and ITW Spraycore.
The regional analysis of the report covers:
North America
• United States
• Canada
• Mexico
Asia-Pacific
• China
• India
• Japan
• South Korea
• Australia
• Indonesia
• Singapore
• Rest of Asia-Pacific
Europe
• Germany
• France
• UK
• Italy
• Spain
• Russia
• Rest of Europe
Central & South America
• Brazil
• Argentina
• Rest of South America
Middle East & Africa
• Saudi Arabia
• Turkey
• Rest of Middle East & Africa
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