The vinyl ester market is estimated at USD 810.6 million in 2017 and is projected to reach USD 1,080.0 million by 2022, at a CAGR of 5.9% from 2017 to 2022. The constant demand for vinyl esters from the chemical and water & wastewater treatment end-use industries is the main driver for the growth of the vinyl ester market. The rising demand for flue-gas desulfurization (FGD) installations due to environmental concerns has also contributed to the growth of the vinyl ester market.
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Ashland (US), Interplastic Corporation (US), Polynt (Italy), Reichhold (US), and Swancor Holding Company (Taiwan) are recognized as visionary leaders in the vinyl ester market. These companies are focused on investing in plant capacity expansions. They also have the potential to broaden their product portfolios and compete with other key market players.
Ashland is one of the leading manufacturers of vinyl ester resins and unsaturated polyester resins and has operations in more than 100 countries. Products offered by Ashland include AME epoxy vinyl ester, Derakane epoxy vinyl ester resin, Hetron epoxy vinyl ester resin, and Arotran epoxy vinyl ester. In October 2015, Ashland Performance Materials, a business unit of Ashland, underwent a distribution agreement with GRP Solutions Ltd. (UK) for the UK and Ireland territories.
Polynt and Reichhold merged to form a single entity, Polynt-Reichhold in May 2017. This merger made Polynt-Reichhold the world’s second-largest player in the vinyl ester market. The company focuses on new product developments to ensure further growth in the vinyl ester market. In September 2015, the company developed and manufactured Low-Styrene Content (LSC) unsaturated polyester resins to cater to the increasing demand from customers. It also introduced its new gel coat, Armorflex 99F for the marine and high-performance composites market.
Interplastic Corporation has an effective market performance and focuses on research and development activities. It receives stable annual revenue from the composites segment. The company has a strong presence in the North American region. In June 2017, Interplastic Corporation launched CORVE8300DW vinyl ester resin for potable water pipe and tank applications.