According to new report published by Transparency Market Research, the global vinyl ester market is expected to grow exponentially during 2017 to 2025. “Due to its varied range of industrial applications, the global vinyl ester market is going to witness a remarkable growth over the forecast period,” says TMR analyst.
Vinyl ester resin is a result of an esterification process that combines an epoxy resin with monocarboxylic acid. The obtained product is then liquefied in the solvents like styrene. Vinyl ester is used in numerous applications such as pipes and tanks, transportation, construction, and paint and coatings industries.
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Generally used as a substitute for polyester and epoxy materials, this thermoset material offers many physical properties that include corrosion resistant and higher strength. It also possesses ability to withstand water absorption along with low viscosity. Furthermore, great strength and improved mechanical properties are expected from vinyl ester. These exceptional properties make vinyl ester resin a preferred material among numerous other materials.
These vinyl ester resins are also used in new and retrofit FGD applications as well as in flake glass lining systems. The pouring investments in infrastructure is amplifying the vinyl ester market growth. Another propelling factor behind the growth of the vinyl ester market is the consistent demand for vinyl ester in chemical and water & wastewater treatment end-use industries.
The TMR also discusses factors that hammer the vinyl ester market such as cheaper cost and easy availability of substitutes. But the developments are in progress that show promising growth for the vinyl ester resin market in coming years.
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