Scienza e Tecnologia
Vinyl Ester Resin Market Size in the Composites Industry, Impacted by COVID-19, to Reach US$ 537 Million in 2026, Says Stratview Research
Vinyl ester resin is widely used in the fabrication of composite parts for a wide array of industries such as transportation, marine, buildings & construction, pipe & tanks, wind energy, and aerospace & defense. The chemical-resistant property of vinyl ester resins in corrosive aqueous areas is superior to that of other thermosets; hence, preferably used in the fabrication of pipes, tanks, structural boat parts, wind turbine spar caps, etc. Higher strength and durability of vinyl ester composites in comparison to polyester composites further give an impetus to their growing acceptance in the transportation, building & construction, wind energy, and aerospace & defense industries.
In 2020, the rapid spread of COVID-19 has completely shaken the global economy, causing supply chain disruption, production halts, reduced demand, and employee layoffs. The vinyl ester resin market in the composites industry was no exception and suffered a decline of over 10% in 2020. The market started showing signs of recovery from the 3rd quarter of 2020 with ease in lockdown in different parts of the world. Also, .
: https://www.stratviewresearch.com/toc/1505/vinyl-ester-resin-market-in-composites-industry.html
Based on type, . Better mechanical and chemical-resistant properties of bisphenol-A-based vinyl ester resin are the major reasons behind its dominance in the market.
Based on the end-use industry, Stratview research has segmented the market as pipes & tanks, building & construction, marine, wind energy, transportation, and others. Despite the current glum scenario, . Increasing acceptance of FRP pipe & tank in wastewater/water, chemical, oil & gas, and industrial applications with vinyl ester as the preferred choice for resin will keep driving the demand for vinyl esters in the pipe & tank segment.
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Despite the grave downturn, . The region's dominance is attributed to several factors including the growing disposable income of consumers, growing infrastructure projects, rapid urbanization, and increasing investment towards renewable energy. North America and Europe are also expected to offer substantial growth opportunities.
The supply chain of this market comprises raw material suppliers, vinyl ester resin manufacturers, distributors, composite part fabricators, OEMs, and MRO companies. .
Major players are shifting their focus towards rebuilding their short-term and long-term strategies to handle the current distressing time. However, execution of mergers & acquisitions and development of new applications have been the key strategies adopted by the major players to gain a competitive edge in the market.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
This report studies the vinyl ester resin market in the global composites industry and has segmented the market in four ways, keeping in mind the interest of all the stakeholders across the value chain. Following are the four ways in which the market is segmented:
Stratview Research has several high value market reports in the composites and advanced materials industry. Please refer to the following link to browse through our reports:
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