Vinyl Ester Market Size

Vinyl Ester Market size was over USD 2.31 billion in 2024 and is poised to reach USD 5.59 billion by the end of 2037, witnessing around 7.1% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of vinyl ester is assessed at USD 2.44 billion.

The growth of the market can be attributed to the increasing usage of vinyl ester in the various end-use industry, supported by the rising industrialization and increasing industrial production across the globe. It was observed that in the USA, in September 2022, industrial production rose by 0.4 percent, and in the third quarter, it rose by 2.9 percent annually. The mining index increased by 0.6 percent. Total industrial production in September increased by 5.3 percent from the same month last year, or 105.2% of its 2017 average.

A resin known as vinyl ester resin, or frequently just vinyl ester, is created when acrylic or methacrylic acids are added to an epoxy resin. The vinyl ester resins have higher strength and greater chemical resistance properties, and hence, are suitable for various applications. Given that they are waterproof and have superior mechanical qualities, vinyl ester resins are frequently used in laminating and repairing materials. Vinyl ester fiberglass-reinforced structures are widely used in the kit for aircraft. Moreover, rising investment in the aircraft and aviation industry is estimated to support market growth. For instance, among all industrial businesses, the United States aviation industry continues to create the maximum trade balance (USD 77.6 billion in 2019) and the second-highest quantity of exports (USD 148 billion), with aerospace exports expanding at a 5.31 percent average rate over the last decade. Further, the vinyl resin market is also anticipated to rise owing to increased use in flue-gas desulfurization installations, as well as high demand for corrosion-resistant materials for limestone slurry pipes and stack liners in the flue-gas desulfurization process.