The Europe Vinyl Ester Market would witness market growth of 5.8% CAGR during the forecast period (2024-2031). In the year 2021, the Europe market's volume surged to 1,035.12 hundred tonnes, showcasing a growth of 20.1% (2020-2024).
DGEBA is a key component in the formulation of vinyl ester resins, prized for its excellent mechanical properties, chemical resistance, and adhesion characteristics. Its molecular structure, comprising bisphenol A and epichlorohydrin, facilitates the formation of cross-linked polymer networks upon curing, imparting superior strength and durability to composite materials. Thus, the Europe market would utilize 698.61 hundred tonnes of Diglycidyl Ether (DGEBA) by 2023.
The Germany market dominated the Europe Vinyl Ester Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $115.7 million by 2031. The UK market is exhibiting a CAGR of 4.9% during (2024 - 2031). Additionally, The France market would experience a CAGR of 6.6% during (2024 - 2031).
Vinyl ester resins are widely used to manufacture corrosion-resistant equipment such as storage tanks, pipes, ducts, and scrubbers used in chemical processing plants. Vinyl ester resins line concrete and steel structures to protect them from corrosion caused by aggressive chemicals.
Additionally, it is used in boat building to manufacture hulls, decks, bulkheads, and other structural components due to their high strength, durability, and resistance to water and weathering.
According to the UK Government, with its highly linked supply chains and substantial demand for UK-built cars throughout the region, the European region has benefited the UK automotive sector with its varied products, encompassing volume, premium, and niche vehicles. Its composites are used in the automotive industry to manufacture components for electric and hybrid vehicles, including battery enclosures, structural supports, and lightweight body panels in the UK.
Free Valuable Insights: The Global Vinyl Ester Market will Hit USD 1.9 Billion by 2031, at a CAGR of 6.3%
Based on Type, the market is segmented into Bisphenol A Diglycidyl Ether (DGEBA), Epoxy Phenol Novolac (EPN), Brominated Fire Retardant, and Others. Based on Application, the market is segmented into Pipes & Tanks, Paints & Coatings, Transportation, Pulp & Paper, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
By Type (Volume, Hundred Tonnes, USD Billion, 2020-2031)
By Application (Volume, Hundred Tonnes, USD Billion, 2020-2031)
By Country (Volume, Hundred Tonnes, USD Billion, 2020-2031)
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