The Asia Pacific Vinyl Ester Market would witness market growth of 6.4% CAGR during the forecast period (2024-2031). In the year 2022, the Asia Pacific market's volume surged to 1,674.68 hundred tonnes, showcasing a growth of 20.6% (2020-2023).
Vinyl ester-based pipes and tanks offer exceptional resistance to a wide range of corrosive chemicals, acids, and solvents, making them ideal for environments where traditional materials like steel or concrete may degrade over time. Thus, the Asia Pacific market would utilize 1,276.77 hundred tonnes of pipes and tanks in Vinyl Ester Market by 2027.
The China market dominated the Asia Pacific Vinyl Ester Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $208.7 million by 2031. The Japan market is registering a CAGR of 5.7% during (2024 - 2031). Additionally, The India market would showcase a CAGR of 7.1% during (2024 - 2031).
These resins are used as coatings for marine structures such as docks, piers, and offshore platforms to protect them from corrosion in harsh marine environments.
Moreover, vinyl ester resins are used to construct bridge decks, roadways, tunnels, and parking structures due to their high strength, durability, and resistance to corrosion and chemical attack. These resins repair and rehabilitate concrete structures such as bridges, parking garages, and buildings.
According to Invest India, the 3D printing industry in India is projected to increase from $12.6 billion in 2020 to $37.2 billion in 2026. Vinyl ester resins are increasingly used as feedstock materials for 3D printing applications in India due to their versatility and ability to be customized for specific requirements.
Free Valuable Insights: The Global Vinyl Ester Market is Predict to reach USD 1.9 Billion by 2031, at a CAGR of 6.3%
Based on Type, the market is segmented into Bisphenol A Diglycidyl Ether (DGEBA), Epoxy Phenol Novolac (EPN), Brominated Fire Retardant, and Others. Based on Application, the market is segmented into Pipes & Tanks, Paints & Coatings, Transportation, Pulp & Paper, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
By Type (Volume, Hundred Tonnes, USD Billion, 2020-2031)
By Application (Volume, Hundred Tonnes, USD Billion, 2020-2031)
By Country (Volume, Hundred Tonnes, USD Billion, 2020-2031)
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