Vinyl Ester Market to grow at 6% CAGR from 2018 to 2025: Global Market Insights Inc.
Vinyl Ester Market to surpass USD 1.7 billion by 2025; driven by extensive use of vinyl ester resins in the pipes & tanks. Growth trends in the shipbuilding sector will support the vinyl ester market growth in the next seven years. The product has a higher resistance to corrosive environments and chemicals than the unsaturated polyesters. Thus, vinyl ester resins and vinyl ester blended with polyester have been extensively used in the marine applications for producing efficient water-resistant barrier for boat hulls and other parts. The increasing mega-ship building projects present brighter outlook for the product demand in marine applications. Vinyl ester market will have a range of applications in the wind energy sector by 2025. Wind energy has been an essential source of renewable energy. As per the WindEurope estimates, the wind power share in the EU’s total installed power capacity has augmented to 18% in 2017 from 6% in 2005. Wind energy has overtaken coal as the second largest form of power generation capacity in the EU in 2016. An upward trend in wind energy industry will encourage the overall market during the forecast span.
Vinyl Ester Market
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