Vinyl Ester Market 2021 Global Industry – Key Players, Trends, Consumption, Demand - Analysis to 2027
Market Overview: Vinyl Ester is used as a resin, which is a hybrid form of polyester resin. The polyester resin is strengthened by the addition of epoxy resin. These resins are resistant to chemical and thermal aggressive environments and prevent water absorption as well it prevents corrosion. Thus, it is used in the oil and gas industry. Furthermore, Vinyl Ester has high resistance to vibrational forces. Moreover, increasing application of Vinyl Ester in lining flue gas desulphurization add fuel to the growth of the market. Owing to the chemical and thermal resistance characteristics of Vinyl Ester resin, it is used in the manufacturing of pipes and tanks, blades of a wind turbine, and yacht manufacturing. It further reduces the maintenance cost using composites to replace other materials. Growing adoption of wind energy is being adopted as an important source of green energy by many developing countries, which is likely to boost the market growth over the review period. The glo...