The North America Vinyl Ester Market would witness market growth of 6.0% CAGR during the forecast period (2024-2031). In the year 2020, the North America market's volume surged to 546.21 hundred tonnes, showcasing a growth of 20.2% (2020-2023).
In pulp and paper production facilities, where harsh chemicals and corrosive environments are prevalent, vinyl ester coatings and linings provide robust protection against corrosion and degradation, extending the lifespan of equipment and infrastructure. Thus, the US market utilize 74.86 pulp and paper in vinyl ester by 2031.
The US market dominated the North America Vinyl Ester Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $341.4 million by 2031. The Canada market is experiencing a CAGR of 8.4% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 7.5% during (2024 - 2031).
according to Confederation of European Paper Industries (CEPI), the pulp and paper industry in Europe has a turnover of 115 billion euros and adds 25 billion euros to the EU GDP. It is strong in export markets, with an export rate of 21% of its paper and board production.
Moreover, Vinyl ester composites are used in the construction of wastewater treatment facilities and equipment for treating and recycling process water and effluent in the pulp and paper industry.
According to the International Trade Administration (ITA), in 2020, Canada's aerospace sector generated revenues of US$17 billion, making it one of the largest in the world. Vinyl ester composites provide excellent corrosion resistance, making them suitable for aerospace and defense applications where components are exposed to harsh environmental conditions such as moisture, salt, and chemicals in Canada.
Free Valuable Insights: The 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 U.S., Mexico, Canada, and Rest of North America.
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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