Materials & Chemicals Market Research News

Learn details of the global vinyl ester resin market that is expected to reach $951 million by 2022

Materials & Chemicals Research

Lucintel anticipates that Asia Pacific will be the fastest growing region for the global vinyl ester resin market

According to a new market report published by Lucintel, the future of the vinyl ester resin market looks attractive with opportunities in the pipe and tank, construction, transportation, and paint and coatings industries. The global vinyl ester resin market is expected to reach an estimated $951 million by 2022 and is forecast to grow at a CAGR of 3.9% from 2017 to 2022.

The major growth drivers for this market are increasing demand for corrosion resistance materials, growing infrastructural investments, and rehabilitation of old infrastructural projects.

Bisphenol-A vinyl ester, novolac vinyl ester, and brominated vinyl ester resin are the major resin chemistries used in this market.