The global Vinyl Ester Resins for Marine Market is predicted to grow substantially over the coming years, supported by a plethora of market growth-inducing factors. The widespread use of vinyl ester resins in making pipes tanks and paints coatings for the oil gas and chemicals industries, their extensive use in the marine industry as gel coats and barrier coats, and their growing use in the production of ships, boats, yachts, naval ships, and commercial aircraft are some of the key parameters accountable for the steady growth of the global market. Vinyl ester resins find significant use in flue gas desulfurization (FGD) processes, especially in limestone slurry piping and stack liners, owing to their corrosion resistance properties.
Vinyl ester resins are particular resins produced via the esterification process of an epoxy resin combined with acrylic or methacrylic acids. The ‘vinyl’ groups refer to these ester substituents that are susceptible to polymerization. These resins are composed of a base of polyester resin that is toughened with epoxy molecules. They are specifically designed as a hybrid form of polyester resins, and thus, can also be called hybrid polyester resins. These resins comprise low-molecular-weight prepolymers and are highly viscous. Their effectiveness can be enhanced by dissolving them in a vinyl monomer along with an organic peroxide.
Top Companies Operating in the Global Vinyl Ester Resins for Marine Market:
- Ashland
- Interplastic Corporation
- Changzhou Tianma Group
- Sino Polymer
- Swancor
- Reichhold
- Showa Denko
- DSM
- Hexion
- Fuchem
- AOC Resins
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Market Overview:
Consumers are placing a higher importance on sustainability and, as a result, are choosing items based on factors like circularity and carbon footprint. Furthermore, consumer concern about carbon emissions has prompted increased investment in renewable energy, energy efficiency, and transportation decarbonization. These developments have had considerable impact on chemical end sectors, particularly in the automobile and construction industries. COVID-19 has exacerbated the situation by lowering the automobile and construction industries (as well as many others) and disrupting current supply lines.
The adoption of digital technologies by oil, gas, and chemical firms has been fueled primarily by cost savings and greater reliability. Many organizations in these areas saw excellent benefits from advanced market sensing, improved operational optimization, and expanded usage of "in silico" simulations. Companies' existing digital technologies provided an advantage with the abrupt entrance of COVID-19 and the accompanying shutdown of facilities and work sites, but they were often insufficient for the level of remote working and cybersecurity that was suddenly required.
The report is written with the aid of industry analysts, market segmentation, and data collection in order to assist readers in making profitable business decisions. The report includes a comprehensive database of technical and product advances. It also provides information on growth rates and market value, as well as a thorough examination of niche market segments. The report provides strategic advice to newcomers and existing businesses about how to make profitable and well-informed business decisions.
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The Vinyl Ester Resins for Marine Market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Vinyl Ester Resins for Marine Market.
The global Vinyl Ester Resins for Marine Market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Product Type:
- Bisphenol A Vinyl Ester
- Novolac Vinyl Ester
- Flame Retardant Epoxy Vinyl Ester
- Phenolic Epoxy Vinyl Ester
- Brominated Fire Retardant Vinyl Ester
- Elastomer Modified Vinyl Ester
- High Crosslinking Density Epoxy Vinyl Ester
- Flexible Epoxy Vinyl Ester
- PU Modified Epoxy Vinyl Ester
By Application:
- Pipes Tanks
- FGD Precipitators
- FRP Products
- Binders
- Concrete Lining
- Anti-corrosive Coatings
- Wind Energy
- Water Pipes
- Marine
- Building Construction
- Aerospace Defense
- Automotive
- Others
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