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The 120-page report on the vinyl ester market has been segmented by application (pipes and tanks, marine, FGD, wind energy, and others) and geography (APAC, North America, Europe, South America, and MEA).
NEW YORK , Dec. 8, 2021 /PRNewswire/ -- By application, the pipes and tanks segment is expected to have significant market share growth during the forecast period. The growth of the pipes and tanks segment is fueled by the increased use of vinyl ester resins in chemical, water, wastewater treatment, and power end-use industries.
By geography, APAC is expected to dominate the market during the forecast period, with China and Japan being the key countries. Market growth in APAC will be faster than the growth of the market in North America , Europe , South America , and MEA. The growth of the oil and gas, transportation, wind energy, and building and construction industries will drive the vinyl ester market growth in APAC during the forecast period.
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The vinyl ester market is expected to grow by USD 350.65 million from 2020 to 2025. The growth momentum of the market will accelerate at a CAGR of 3.54%. The market is expected to record year-over-year growth of 2.6% in 2021.
Vinyl Ester Market : Major Growth Drivers
The increased demand from corrosion-resistant pipes and storage tanks is driving the vinyl ester market growth. Corrosion resistance is one of the key reasons for the use of vinyl ester resins when compared to conventional materials that are used for manufacturing pipes and storage tanks. Vinyl ester resins provide high chemical resistance, low permeability, abrasion resistance, and flexibility. The FRP pipes and tank installations made of vinyl ester resins are preferred over conventional materials due to their low cost and corrosion resistance to chemicals, alkalis, and other corrosive materials.
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Vinyl Ester Market : Key Vendor Offerings
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Accelerate at a CAGR of 3.54%
APAC, North America, Europe, South America, and MEA
US, China, Germany, Brazil, and Japan
Leading companies, Competitive strategies, Consumer engagement scope
Allnex Netherlands BV, AOC LLC, Ashland Global Holdings Inc., DIC Corp., Hexion Inc., Interplastic Corp., Orca Composites, Reichhold LLC, SHOWA DENKO K.K., and Swancor Holding Co. Ltd.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
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