Vinyl Ester Market Segmentation:
By Types (Fiber Reinforced Plastics (FRP), Flue Gas Desulphurisation (FGD), and Corrosion Resistant Materials), By Application (Transportation, Building & Infrastructure, and Military & Aerospace), By Region (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa) End-use Landscape, and Competitive Landscape
Vinyl Ester Market Insights
The global vinyl ester market is anticipated to witness a lucrative growth over the forecast period. It is expected to grow at a significant rate mainly due to the rising demand by consumers for corrosion resistant materials coupled with the increase in infrastructural investments.
Vinyl Ester is a thermoset material that can be used as a composite material and also as thermoset polymer matrix in place of epoxy and polyester materials. They have features similar to polyester and epoxy such as high strength, great thermal stability, ability to withstand water-absorption and low cracking sound.
Vinyl Ester Market: Types Insights
On the basis of types, the vinyl ester market can be segmented into Fiber Reinforced Plastics (FRP), flue gas desulphurisation (FGD), and Corrosion Resistant Materials. The market for FRP is expected to grow significantly on account of the rising application of vinyl ester in waste-management, pharmaceuticals, semi-conductor and power industries. Moreover, the product is also expected to grow significantly due to its corrosion resistance feature. Waste management is anticipated to be a significant factor leading to the growth of the industry. The highly corrosive gases in waste mainly due to sulphur and chloride would require corrosion resistant material for protecting the stacks and chimneys. This would lead to an increase in growth of the vinyl ester market.
Vinyl Ester Market: Application Insights
Vinyl Ester finds application in Aerospace & Defense, Automobile and Construction & Infrastructure industries. The construction & infrastructure industries are expected to grow significantly due to the increasing use of the product in areas such as fascia in buildings and reinforcements for bridges. The features such as high strength and less corrosive nature are also expected to increase the product application in automobile industries.
Vinyl Ester Market: Regional Insights
The market in Asia Pacific is anticipated to witness an accelerated growth over the forecast period attributing to the rising demand for corrosion resistance tanks & pipelines. The increased investment in construction and industrial sectors are also expected to boost the market growth.
North America is also expected to grow significantly due to the existing markets for Fiber Reinforced Plastics (FRP) and Flue Gas Desulphurisation (FGD).
Vinyl Ester Market: End-Use Landscape
The end-use landscape entails a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to vinyl ester over the coming years. The major consumers of the product are Balfour Beatty (UK), Hochtief (Germany), Ford Motor (The U.S.), Honeywell International Inc. (The U.S.) and Airbus Group (France).
Vinyl Ester Market: Competitive Landscape
The global market for this product is expected to be significantly large due to the presence of numerous manufacturers. The key players include Scott Bader (UK), Reichhold (The U.S.), Hexion Inc. (New York), Composites One (The U.S.) and Interplastic Corp. (The U.S.).
In March 2017, The IACMI (Institute for Advanced Composites Manufacturing Innovation), along with Ashland, Zoltek, Michelman, University of Dayton Research Institute (UDRI), Jobs Ohio, and Michigan State University (MSU) announced a project which would be focused on the optimization of vinyl ester resins and fibre sizing for the fabrication of carbon fibre composites.
In March 2017, Hexion Inc. announced to introduce a new speciality epoxy resin system for styrene-free, sheet moulding compound (SMC) manufacturing of high-performance automotive composites, at the JEC World 2017 composites event in Paris. The new product would be used to produce parts such as floors, electrical vehicle battery enclosures, spare wheel tubs, seat structures and hood inners.
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