Polyester & Vinyl Ester Resins Market Size,CAGR,Trends 2024–2030

• Market Value: The market for Polyester & Vinyl Ester Resins was valued at US$ 910.5 million in 2023.
• Projected Growth: It is anticipated to reach US$ 1146.7 million by 2029, exhibiting a Compound Annual Growth Rate (CAGR) of 3.3% during the forecast period.
• Resin Types: Polyester & Vinyl Ester Resins are synthetic materials widely used in various industries, including automotive, construction, marine, aerospace, and electrical. Polyester resins are thermosetting polymers derived from the reaction between polyols and dibasic acids, while vinyl ester resins are a type of hybrid resin that combines the characteristics of polyester and epoxy resins.
• Applications: These resins find extensive applications in composites manufacturing, where they are used as matrix materials to reinforce fibers such as fiberglass, carbon fiber, and aramid. They are employed in the production of a wide range of composite components and structures, including boat hulls, automotive parts, pipes, tanks, wind turbine blades, and building panels.
• Composite Manufacturing: Polyester & Vinyl Ester Resins offer several advantages in composite manufacturing, including good adhesion to reinforcing fibers, excellent corrosion resistance, high strength-to-weight ratio, and ease of processing. They can be formulated to meet specific performance requirements, such as flame resistance, chemical resistance, and UV stability, making them suitable for diverse applications in harsh environments.
• End-Use Industries: The demand for Polyester & Vinyl Ester Resins is driven by the growth of end-use industries such as automotive, construction, marine, and renewable energy. In the automotive sector, these resins are used in the production of lightweight components to improve fuel efficiency and reduce emissions. In the construction industry, they are utilized in the fabrication of durable and corrosion-resistant building materials.
• Market Drivers: The growth of the global Polyester & Vinyl Ester Resins market is fueled by several factors, including:
• Regional Analysis: The market for Polyester & Vinyl Ester Resins is geographically diverse, with key regions including North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The Asia Pacific region is expected to witness significant growth during the forecast period, driven by rapid industrialization, infrastructure development, and investments in renewable energy projects.
• Competitive Landscape: The global Polyester & Vinyl Ester Resins market is characterized by the presence of several major players, including resin manufacturers, raw material suppliers, and distributors. Competition in the market is based on factors such as product quality, price competitiveness, technological innovation, and customer service. Market participants are focusing on strategic initiatives such as mergers and acquisitions, product launches, and partnerships to expand their market presence and gain a competitive advantage.
• Challenges: Despite the positive growth prospects, the Polyester & Vinyl Ester Resins market faces challenges such as volatility in raw material prices, environmental regulations, and competition from alternative materials. Manufacturers are investing in research and development activities to address these challenges and develop sustainable and eco-friendly resin formulations that meet regulatory requirements and customer preferences.

The USA market for Global Polyester & Vinyl Ester Resins market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.

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The China market for Global Polyester & Vinyl Ester Resins market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.

The Europe market for Global Polyester & Vinyl Ester Resins market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.

Vinyl ester resins, also known as VER, are resins produced by the esterification of epoxy resins with unsaturated monocarboxylic acids. The product is then dissolved in a reactive solvent (e.g., styrene) with a content of 35-45% (by weight). Vinyl ester resins are internationally recognized as highly corrosion resistant resins. It is widely used in waterproofing and corrosion prevention. Used for making corrosion-resistant FRP products, anti-corrosion engineering supplies, such as cement or iron based FRP lining, high corrosion resistant floor, etc.

This report aims to provide a comprehensive presentation of the global market for Polyester & Vinyl Ester Resins, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Polyester & Vinyl Ester Resins. This report contains market size and forecasts of Polyester & Vinyl Ester Resins in global, including the following market information:

• Global Polyester & Vinyl Ester Resins Market Revenue, 2019-2024, 2024-2029, ($ millions)
• Global Polyester & Vinyl Ester Resins Market Sales, 2019-2024, 2024-2029, (Ton)
• Global top five Polyester & Vinyl Ester Resins companies in 2023 (%)

The industry's leading manufacturers are Polynt-Reichhold, INEOS and Aliancys, with revenues of 22.33 percent, 18.72 percent and 16.14 percent in 2019.

MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Polyester & Vinyl Ester Resins manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Polyester & Vinyl Ester Resins Market, by Type, 2019-2024, 2024-2029 ($ Millions) & (Ton)

Global Polyester & Vinyl Ester Resins Market Segment Percentages, by Type, 2023 (%)

• Standard Bisphenol A Epoxy Vinyl Ester
• Flame Retardant Epoxy Vinyl Ester
• Phenolic Epoxy Vinyl Ester
• High Crosslinking Density Epoxy Vinyl Ester
• Flexible Epoxy Vinyl Ester
• PU Modified Epoxy Vinyl Ester
• Others

Global Polyester & Vinyl Ester Resins Market Segment Percentages, by Application, 2023 (%)

• FRP Products
• Anticorrosive Coatings
• Concrete Lining
• Binder
• Others

Global Polyester & Vinyl Ester Resins Market Segment Percentages, By Region and Country, 2023 (%)

• North America (United States, Canada, Mexico)
• Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
• The Middle East and Africa (Middle East, Africa)
• South and Central America (Brazil, Argentina, Rest of SCA

Competitor Analysis

The report also provides analysis of leading market participants including:

• Key companies Polyester & Vinyl Ester Resins revenues in global market, 2019-2024 (Estimated), ($ millions)
• Key companies Polyester & Vinyl Ester Resins revenues share in global market, 2023 (%)
• Key companies Polyester & Vinyl Ester Resins sales in global market, 2019-2024 (Estimated), (Ton)
• Key companies Polyester & Vinyl Ester Resins sales share in global market, 2023 (%)

key players include:

• Polynt-Reichhold
• INEOS
• Aliancys
• SWANCOR
• Sino Polymer Co., Ltd.
• Fuchem
• Showa Denko
• Jiangsu Fullmark Chemicals Co.,Ltd.
• Interplastic Corporation
• Changzhou Tianma Group
• Nord Composites
• Hexion

Chapter 1: Introduces the definition of Polyester & Vinyl Ester Resins, market overview.

Chapter 2: Global Polyester & Vinyl Ester Resins market size in revenue and volume.

Chapter 3: Detailed analysis of Polyester & Vinyl Ester Resins manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 6: Sales of Polyester & Vinyl Ester Resins in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter 8: Global Polyester & Vinyl Ester Resins capacity by region & country.

Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 11: The main points and conclusions of the report.

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