Vinyl Ester Market Size

Vinyl Ester Market Size Snapshot

Note – Market size depicts the revenue generated over the financial year

The global market for VE is estimated to grow steadily, reaching $ 5.5 billion by 2035. This growth rate translates into a CAGR of 4.5% from 2025 to 2035. The growing demand for VE in various applications, especially in the construction, automobile and shipbuilding industries, is a significant factor in this growth. The search for materials with a higher degree of corrosion resistance and longer service life has made VE a more popular alternative to traditional materials. In addition, technological advances and innovations in the manufacturing process will also contribute to the growth of the VE market. Companies are investing in research and development to make VE more versatile and applicable to a wider range of industries. Several companies, such as Ashland, Reichhold and Hexion, are pursuing strategic alliances and product launches to strengthen their market position. Several recent alliances have been formed to develop more sustainable VE formulations. This is expected to increase the market's focus on sustainability.

Regional Market Size

Regional Deep Dive

During the last few years, the global market for vinyl ester has been experiencing high growth, driven by an increase in demand for construction, automobiles and marine products. North America is characterized by the strong presence of major manufacturers and a growing demand for sustainable materials. Europe is characterized by technological innovation and regulatory frameworks that promote the use of eco-friendly materials. Asia-Pacific is experiencing rapid growth due to the industrialization and urbanization of the region, while the Middle East and Africa are seeing an increase in investment in infrastructure. Latin America is adopting the use of these materials more and more, influenced by the development of its economy and its industrialization.

North America

• In the United States, the EPA has adopted stricter regulations on volatile organic compounds, and the result has been the development of low-emissions products such as low-emissions aliphatic and aromatic polyols.
• The companies, Ashland Inc. and Reichhold LLC, are investing in R & D to improve the performance of vinyl esters, with a particular emphasis on applications in the aerospace and automobile industries.
• The growing trend towards the use of sustainable building materials is pushing the use of vinyl esters in composite materials, especially in the construction of green buildings, to a new level.

Europe

• The European Union, through its Green Deal, is pushing for a circular economy and promoting the development of bio-based vinyl esters, which are gaining ground among manufacturers.
• Companies like BASF and Huntsman are leading the way with innovations in manufacturing technology, such as the use of nanotechnology in the manufacture of aqueous epoxides, which further improve product performance.
• Regulations on the use of dangerous substances in manufacturing are influencing companies to change the formulation of their products. The shift towards safer, more sustainable products is a positive development for the environment.

Asia-Pacific

• China and India are rapidly industrializing and a great deal of money is being spent on the building of roads and bridges.
• There are many Chinese manufacturers who have established long-term relationships with international companies. For example, China National Chemical has established long-term relationships with foreign companies.
• The government's policy of promoting industry has also contributed to the development of the local market for the products of this industry.

MEA

• The Gulf states are developing their construction and marine industries, and there is a growing demand for vinyl esters.
• Saudi Basic Industries (SABIC) is expanding its production of vinyl ester resins to meet the growing demand for them in the region, especially in the oil and gas industry.
• The regulations in the region are evolving, and the environment is a growing focus. This is encouraging the use of the eco-friendly vinyl ester products.

Latin America

• Brazil's growing automobile industry is putting the brakes on the production of phenolic resins, which are used in the manufacture of composite materials.
• Various government programmes for promoting industry are helping the development of applications for this material in a wide range of fields, from construction to marine.
• The region is gradually moving towards sustainable materials. The demand for eco-friendly products is increasing, and the companies are focusing on bio-based vinyl esters to meet this demand.

Did You Know?

“These products have excellent corrosion resistance, and are especially suitable for use in harsh conditions, such as chemical processes and marine applications.” — American Composites Manufacturers Association (ACMA)

Segmental Market Size

The market for vinyl esters is currently growing, driven by their versatility and high performance in various applications. Among the main reasons for this are the increasing demand for materials resistant to abrasion in the marine, construction and automobile industries, as well as the more demanding regulations requiring the use of durable composites. In addition, technological improvements in the production of the material are making it more attractive to users.

At the moment, the use of VE resins is at a fairly advanced stage, and such well-known producers as Ashland and Reichhold are busy expanding their range of products. Their main application is in the manufacture of fibre-reinforced composites for tanks, pipes, and car components. The demand is being driven by the need to reduce the weight of transport vehicles, the growing trend towards sustainability, and the development of new resins and curing methods. All of these factors have combined to make VE resins the key material for modern manufacturing and construction.

Future Outlook

From 2024 to 2035, the Vinyl Ester Market is expected to grow at a CAGR of 4.55%, with a projected market growth from $3.37 billion to $5.5 billion. In the coming years, this growth will be mainly driven by the growing demand for durable and corrosive-resistant materials in various industries, such as the construction industry, the automobile industry, and the marine industry. In the future, as the world's industries continue to pay attention to the sustainable development and the performance of the products, the superior properties of the vinyl ester materials will be further recognized.

The growth of the market is based on the development of new materials, such as bio-based vinyl esters, and the improvement of production processes. Also, the implementation of the government's policy of reducing carbon emissions and the use of eco-friendly materials will lead to a higher penetration of the market. The development of composite materials and the trend towards lightweighting in the automobile and aviation industries will open up new application opportunities for vinyl esters, which will consolidate their position in the materials market.