According to a new report, published by KBV research, The Global Vinyl Ester Market size is expected to reach $1.9 billion by 2031, rising at a market growth of 6.3% CAGR during the forecast period. In the year 2023, the market attained a volume of 4,365.12 hundred tonnes, experiencing a growth of 20.4% (2020-2023).
The Bisphenol A Diglycidyl Ether (DGEBA) segment is leading the Global Vinyl Ester Market by Type in 2023; thereby, achieving a market value of $972.3 million by 2031. Vinyl ester resins formulated with DGEBA offer excellent corrosion resistance, making them ideal for applications where protection against harsh chemicals, acids, and corrosive environments is essential. Industries such as chemical processing, water and wastewater treatment, oil and gas, and infrastructure rely on vinyl ester composites for corrosion-resistant equipment and structures.
The Paints & Coatings segment is anticipating a CAGR of 6.7% during (2024 - 2031). Vinyl ester coatings based on EPN can be applied at high film thicknesses, providing greater protection and coverage in a single coat. EPN-enhanced vinyl ester resins enable the formulation of high-build coatings for concrete, steel, and other substrates, reducing the number of coats required and improving application efficiency. Vinyl ester coatings based on EPN offer fast cure and drying times, allowing for rapid application, handling, and turnaround in coating projects.
Full Report: https://www.kbvresearch.com/vinyl-ester-market/
The Asia Pacific region dominated the Global Vinyl Ester Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $780.8 million by 2031. The Europe region is experiencing a CAGR of 5.8% during (2024 - 2031). Additionally, The North America region would exhibit a CAGR of 6% during (2024 - 2031).
By Type (Volume, Hundred Tonnes, USD Billion, 2020-2031)
By Application (Volume, Hundred Tonnes, USD Billion, 2020-2031)
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