市场调查报告书
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1520460
乙烯基酯市场报告(按类型(双酚 A 二缩水甘油醚、环氧苯酚酚醛清漆、溴化阻燃剂等)、配销通路、应用和地区 2024-2032 年)Vinyl Ester Market Report by Type (Bisphenol A Diglycidyl Ether, Epoxy Phenol Novolac, Brominated Fire Retardant, and Others), Distribution Channel, Application, and Region 2024-2032 |
2023年全球乙烯基酯IMARC Group规模达11亿美元。该市场的推动因素包括海洋工业对乙烯基酯的需求、化学储罐中乙烯基酯用量的增加,以及乙烯基酯在不断增长的纤维增强塑料行业中的关键作用,其卓越的强度、耐腐蚀性以及与各种增强材料的相容性支撑了乙烯基酯的发展。
乙烯基酯是环氧树脂与丙烯酸或甲基丙烯酸酯化反应生成的一类树脂。它以其高强度、抗衝击性和防潮性而闻名,经常用于需要耐腐蚀材料或可能暴露在水或潮湿环境中的应用。此外,乙烯基酯表现出卓越的机械性能和抗疲劳性,使其成为生产储罐、管道和船隻的首选。由于其与各种类型的增强材料的兼容性,它也广泛应用于纤维增强塑料(FRP)行业。
全球乙烯基酯市场主要受到海洋工业需求增加的推动,乙烯基酯因其优异的耐水性和耐腐蚀性而被广泛使用。随着海洋工业的持续成长,特别是在亚太地区,这刺激了对用于製造船舶和其他海洋结构的乙烯基酯的需求。除此之外,由于其耐化学性能,化学储罐建设中产品的使用量不断增加,为市场扩张创造了良好的前景。除此之外,乙烯基酯在製造纤维增强塑料 (FRP) 中的广泛使用有助于其市场扩张,因为 FRP 在汽车、建筑和航空航天领域有着广泛的应用。此外,新兴经济体对基础设施发展的日益重视,以及在许多应用中以复合材料取代传统材料,都有助于市场扩张。此外,旨在提高乙烯基酯性能和应用的研发(R&D)活动不断增加,正在加强市场成长。
海洋工业需求不断成长
船舶工业的持续成长是全球乙烯基酯市场的重要推动力。海上贸易的强劲成长和旅游业的蓬勃发展正在引发乙烯基酯需求的激增。乙烯基酯以其卓越的防水性和耐腐蚀性而闻名,广泛用于製造各种海洋结构物,包括船舶、游艇、海军舰艇、海上平台和海洋运输设备。它能够承受恶劣的海洋环境、海水的腐蚀作用以及波浪和恶劣天气条件引起的磨损,使其成为传统材料的理想替代品。此外,在可支配收入增加以及水上运动和休閒活动日益普及的推动下,休閒划船活动的兴起进一步推动了需求。
提高化学品储罐建设的利用率
乙烯基酯具有优异的耐化学性能,广泛用于化学品储罐的製造。随着全球工业部门继续其扩张轨迹,安全、强大和持久的储存解决方案的必要性变得更加紧迫。此外,化学工业对安全储存各种化学品(从强酸、强碱到腐蚀性溶剂)有着广泛而多样的需求,因此需要能够承受腐蚀作用的材料。乙烯基酯很好地满足了这些要求,从而大大增强了其市场需求。此外,日益增强的环保意识和日益严格的监管要求使得储罐结构中必须使用防漏材料,这进一步推动了乙烯基酯的普及。此外,由于类似的储存需求,新兴的製药和农化产业也导致储槽结构中对乙烯基酯的需求不断增长。
在纤维增强塑胶 (FRP) 中的作用
乙烯基酯在纤维增强塑料(FRP)製造中的使用不断增加,极大地推动了全球市场的发展。 FRP 因其坚固的强度、轻盈和卓越的耐用性而在许多领域中得到广泛应用。其中,汽车、建筑和航空航太产业持续成长,推动了对玻璃钢重要组成部分乙烯基酯的需求。在玻璃钢的优越性能和成本效益的推动下,在各种应用中用玻璃钢取代钢和铝等传统材料的趋势不断上升,进一步推动了这一需求。此外,FRP 的耐腐蚀性、低维护要求和设计灵活性使其成为腐蚀性和恶劣环境中有吸引力的选择,从而增加了对乙烯基酯的需求。此外,人们对减少碳排放和提高能源效率的日益关注凸显了玻璃钢等轻质材料的重要性,这可能推动乙烯基酯市场的成长。
The global vinyl ester market size reached US$ 1.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 1.4 Billion by 2032, exhibiting a growth rate (CAGR) of 2.8% during 2024-2032. The market is driven by the demand for vinyl ester in the marine industry, increasing use in chemical storage tanks, and its critical role in the growing fiber-reinforced plastics sector, underpinned by its superior strength, corrosion resistance, and compatibility with various reinforcements.
Vinyl ester is a type of resin produced by the esterification of epoxy resins with acrylic or methacrylic acids. It is known for its high strength and impact and moisture resistance and is frequently used in applications demanding corrosion-resistant material or where it might be exposed to water or humidity. Furthermore, vinyl ester demonstrates exceptional mechanical properties and fatigue resistance, making it a preferred choice for producing tanks, pipes, and boats. It is also extensively used in the fiber-reinforced plastic (FRP) industry due to its compatibility with various types of reinforcements.
The global vinyl ester market is primarily driven by the heightened demand from the marine industry, where vinyl ester is widely utilized due to its excellent water and corrosion resistance. As the marine industry continues to grow, particularly in regions such as Asia-Pacific, it fuels the demand for vinyl ester for manufacturing boats and other marine structures. In addition to this, the increasing product employment in the construction of chemical storage tanks due to their chemical-resistant properties is creating a favorable outlook for market expansion. Besides this, the expanding use of vinyl ester in creating fiber-reinforced plastic (FRP) contributes to its market expansion as FRP finds broad applications in the automotive, construction, and aerospace sectors. Moreover, the increasing emphasis on infrastructure development in emerging economies, along with the replacement of traditional materials with composites in numerous applications, is aiding in market expansion. Furthermore, the rising research and development (R&D) activities aiming to improve vinyl ester's performance and applications are strengthening the market growth.
Rising demand from the marine industry
The marine industry's consistent growth has been a significant propellant for the global vinyl ester market. The robust growth in maritime trade and booming tourism industry is triggering a surge in vinyl ester demand. Renowned for its exceptional water and corrosion resistance, vinyl ester is extensively deployed to manufacture various marine structures, including boats, yachts, naval vessels, offshore platforms, and marine transportation equipment. Its ability to endure harsh marine environments of the corrosive effects of seawater and the wear and tear induced by waves and harsh weather conditions makes it an ideal substitute for traditional materials. Moreover, the rise of recreational boating activities, driven by increasing disposable income and the growing popularity of water sports and leisure activities, further propels the demand.
Increasing utilization in the construction of chemical storage tanks
Vinyl ester, with its excellent chemical-resistant attributes, is widely utilized in the fabrication of chemical storage tanks. As industrial sectors across the globe continue their expansion trajectory, the imperative for secure, robust, and long-lasting storage solutions becomes more pressing. Moreover, the chemical industry's extensive and diverse needs for safely storing various chemicals, ranging from potent acids and alkalis to aggressive solvents, require materials that can withstand corrosive effects. Vinyl ester adeptly satisfies these requirements, thus considerably bolstering its market demand. Furthermore, the growing environmental awareness and increasingly stringent regulatory compliances necessitate the use of leakage-proof materials in storage tank construction, further escalating vinyl ester's popularity. Additionally, the burgeoning pharmaceutical and agrochemical industries also contribute to the growing demand for vinyl ester in tank construction due to similar storage needs.
Role in fiber-reinforced plastics (FRP)
The escalating use of vinyl ester in fabricating fiber-reinforced plastics (FRP) significantly propels the global market. FRP is finding diverse applications across numerous sectors due to their robust strength, lightweight, and exceptional durability. Among these are the automotive, construction, and aerospace industries, which are witnessing consistent growth, pushing the demand for vinyl ester, a crucial component of FRP. Further fueling this demand is the rising trend of replacing traditional materials like steel and aluminum with FRP in various applications, driven by FRP's advantageous properties and cost-effectiveness. Additionally, FRP's resistance to corrosion, low maintenance requirements, and design flexibility make them an attractive choice in corrosive and harsh environments, thus increasing the demand for vinyl ester. Furthermore, the growing focus on reducing carbon emissions and enhancing energy efficiency underscores the importance of lightweight materials such as FRP, potentially driving the vinyl ester market growth.
IMARC Group provides an analysis of the key trends in each segment of the global vinyl ester market report, along with forecasts at the global, regional and country levels from 2024-2032. Our report has categorized the market based on type, distribution channel and application.
Bisphenol A Diglycidyl Ether (DGEBA)
Epoxy Phenol Novolac (EPN)
Brominated Fire Retardant
Others
DGEBA dominates the market
The report has provided a detailed breakup and analysis of the market based on the type. This includes bisphenol A diglycidyl ether (DGEBA), epoxy phenol novolac (EPN), brominated fire retardant, and others. According to the report, DGEBA represented the largest segment.
The global demand for diglycidyl ether of bisphenol A (DGEBA), a prominent type of epoxy resin, is currently being propelled by its escalating use in the manufacturing of coatings, adhesives, and sealants. As industries worldwide, especially in the construction and automotive sectors, continue to expand, the need for such materials is surging, thereby driving the demand for DGEBA. Additionally, DGEBA is used in manufacturing high-performance composites due to its superior mechanical properties and exceptional dimensional stability. The increased demand for these composites in aerospace, sports equipment, and wind turbine industries is fueling the demand for DGEBA. Moreover, DGEBA's electrical insulating properties make it a preferred choice for electrical and electronic applications. As the electronics industry witnesses continuous growth, particularly with the advent of 5G and the Internet of Things (IoT) technologies, the demand for DGEBA is expected to rise further.
Offline
Online
A detailed breakup and analysis of the market based on the application has also been provided in the report. This includes offline and online.
With the increasing proliferation of high-speed internet and smartphones, the online segment is witnessing substantial growth. It provides consumers with the convenience of shopping anytime, anywhere, coupled with a wider range of product options, user reviews, and competitive pricing. The trend toward online shopping due to recent shifts in consumer behavior following the COVID-19 pandemic is creating a favorable outlook for market expansion. In addition to this, widespread product availability through traditional brick-and-mortar stores, which include supermarkets, hypermarkets, specialty stores, and others, is strengthening the market growth. In line with this, the surging consumer's preference for offline shopping due to the tactile experience it offers, allowing them to physically examine products before purchasing, is influencing the market growth. Additionally, instant ownership, professional assistance, and avoidance of shipping costs are contributing to the market's growth.
Pipes and Tanks
Paints and Coatings
Transportation
Pulp and Paper
Others
Pipes and tanks dominate the market
The report has provided a detailed breakup and analysis of the market based on the application. This includes pipes and tanks, paints and coatings, transportation, pulp and paper, and others. According to the report, pipes and tanks represented the largest segment.
The escalating demand for vinyl ester-based pipes and tanks is providing a substantial boost to the market growth. Key industries, such as oil & gas, wastewater treatment, and chemical processing, are opting for vinyl ester-based solutions due to their exceptional corrosion resistance and durability. The oil and gas industry requires robust materials, such as vinyl ester, for pipes that can endure corrosive substances and extreme conditions. Additionally, wastewater treatment plants are increasingly using vinyl ester-based tanks and pipes because of their resistance to corrosive gases and liquids. In the chemical processing industry, vinyl ester's resistance to a wide array of chemicals makes it an ideal choice for constructing tanks and piping systems, ensuring safe and efficient operations. Moreover, the demand for these materials is being driven by the water and wastewater management sector due to growing environmental concerns and stricter regulations for sustainable infrastructure.
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
North America exhibits a clear dominance, accounting for the largest vinyl ester market share
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa.
The demand for vinyl ester in North America is seeing a considerable uptick due to a combination of industrial growth and infrastructural development. The North American region, particularly the United States, has a substantial presence of industries such as oil & gas, chemical processing, and marine, all of which extensively use vinyl ester. Furthermore, North America is witnessing an increased emphasis on the use of durable, lightweight materials in the construction and automotive sectors, which directly impacts the demand for vinyl ester. Additionally, heightened environmental awareness and regulatory compliance in the region are fostering the use of corrosion-resistant materials in wastewater management systems. The increased investment in renewable energy, particularly wind energy, is another contributing factor, as vinyl ester is a preferred material for manufacturing wind turbine blades.
The global vinyl ester market displays a highly competitive landscape characterized by the presence of numerous international and regional players. Leading market players are engaged in research and development activities to produce vinyl ester with improved properties and diverse applications. In addition to this, strategic partnerships, mergers, and acquisitions have become common as companies aim to expand their geographical reach and strengthen their market position. For instance, alliances with local distributors and manufacturers help companies ensure their product availability across different regions. The competitive landscape is expected to intensify further as more companies enter the fray and current ones continue to innovate.
Akzo Nobel N.V.
Ashland Global Holdings Inc.
INEOS Limited
Interplastic Corporation
Nivitex Fibreglass and Resins
Poliya Composite Resins and Polymers Inc.
Polynt spa
Scott Bader Company Ltd.
Showa Denko K. K.
Sino Polymer Co. Ltd.
Swancor Holding Co Ltd.
In June 2023, INEOS Nitriles announced the launch of Invireo TM bio-based Acrylonitrile to deliver 90% reduction of greenhouse gas emissions.
In June 2023, AkzoNobel announced the launch of the powder coatings industry's first openly available online energy savings calculator.
In January 2023, a customer of Sino Polymer using MFE(R) 711 vinyl ester resin produced a 60 foot catamaran yacht in Guangdong Province, China. MFE 711VP is the infusion version of MFE 711 which shows excellent mechanical properties and process ability in infusion process.