Lucintel's latest market report analyzed that vinyl ester resin provides attractive opportunities in the pipe and tank, construction, transportation, and paint & coatings industries. The vinyl ester resin market is expected to reach $1.8 billion by 2028 with a CAGR of 3.9%. In this market, fiber reinforced plastic (FRP) is the largest segment by end use, whereas bisphenol-A vinyl ester is largest by chemistry type. The development of styrene-free vinyl ester resin and emergence of bio-based vinyl ester resins provides strategic growth path in this market.
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Based on end use, the vinyl ester resin market is segmented into FRP, paint and coatings and others. The fiber reinforced plastic (FRP) segment accounted for the largest share of the market in 2022 and is expected to register the highest CAGR during the forecast period, due to wider use in pipe and tank manufacturing.
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The Vinyl Ester Resin Market is marked by the presence of several big and small players. Some of the prominent players offering vinyl ester resin include Polynt REICHHOLD Group, Ashland Inc., AOC Resins, Swancor Ind. Co., Ltd., Showa Denko K.K, Sino Polymer Co., Ltd, Scott Bader Co. Ltd, and Allnex.
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