Vinyl Ester Market Share

APAC Market Statistics

The Asia Pacific vinyl ester market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2037. The growth can be ascribed to the rising demand for gas and oil along with its products and rapid development in the gas and oil industry in developing nations, mainly India, China, Japan, and Brazil. As various kinds of storage tanks and pipes are used in the oil and gas industry use signifies the high utilization rate of vinyl ester in the region. China's apparent gas consumption in 2022 was estimated to be between 375 and 380 billion cubic meters, up 1% to 3% annually. The demand for vinyl esters is also estimated to rise from numerous end-use industries present in the region including water and wastewater treatment, chemical, pharmaceutical, food processing, and transportation. In addition, the focus of the government to develop advanced materials for construction processes and other manufacturing activities is projected to create a positive outlook for market expansion in the region. Rising economies as well as gross domestic product (GDP) figures and awareness about the advantages offered by vinyl ester are anticipated to bolster the market for a significant revenue generation.