Extensive Use of Vinyl Ester Resins in the Pipes & Tanks End-Use Industry

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.

The bisphenol A segment is estimated to be the largest type segment of the vinyl ester market in 2017

Based on type, the bisphenol A segment is estimated to account for the largest share of the vinyl ester market in 2017. Bisphenol A vinyl esters have excellent strength and elongation properties, thus providing impact resistance and lessening the chances of cracking. These resins are used in hand lay-up, spray-up, filament winding, SMC, and pultrusion processes because of their mechanical and chemical resistance properties. They are also used in moldings that are exposed to high static or dynamic loads like pipes, tanks, and ducts.

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Target Audience

  • Manufacturers, Dealers, and Suppliers of Vinyl Esters
  • Government and Research Organizations
  • End Users
  • Companies Operational in Material R&D
  • Associations and Industrial Bodies
  • Investment Banks
  • Consulting Companies/Consultants in Chemical and Material Sectors

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