비닐 에스테르 세계 시장 규모는 2024년에 11억 2,000만 달러에 달했습니다. 향후 IMARC Group은 2033년에는 14억 3,000만 달러에 달하고, 2025-2033년 2.68%의 연평균 복합 성장률(CAGR)을 보일 것으로 예측했습니다. 현재 북미가 시장을 독점하고 있으며, 2024년에는 40.0% 이상의 높은 시장 점유율을 차지했습니다. 비닐 에스테르 시장 점유율은 해양 분야에서 수요, 화학물질 저장 용기에서의 사용 증가, 확대되는 섬유 강화 플라스틱 시장에서의 필수적인 기능에 의해 영향을 받고 있습니다.
비닐 에스테르는 에폭시 수지와 아크릴산 또는 메타크릴산의 에스테르화에 의해 제조되는 수지의 일종입니다. 높은 강도와 내충격성, 내습성으로 잘 알려져 있으며, 내식성이 요구되는 용도나 물이나 습기에 노출될 가능성이 있는 용도에 많이 사용됩니다. 또한, 비닐 에스테르는 뛰어난 기계적 특성과 내피로성을 보여 탱크, 파이프, 보트 제조에 적합합니다. 또한 다양한 보강재와 잘 어울리기 때문에 섬유강화플라스틱(FRP) 산업에도 널리 사용되고 있습니다.
비닐 에스테르 세계 시장은 우수한 내수성과 내식성으로 인해 비닐 에스테르가 널리 사용되는 해양 산업 수요 증가가 주요 요인으로 작용하고 있습니다. 특히 아시아태평양의 해양 산업은 지속적으로 성장하고 있으며, 이는 보트 및 기타 해양 구조물 제조에 대한 비닐 에스테르 수요를 촉진하고 있습니다. 또한, 내화학성이 우수하여 화학물질 저장 탱크 건설에 사용되는 경우가 증가하고 있어 시장 확대에 호재로 작용하고 있습니다. 이 외에도 섬유강화플라스틱(FRP)의 용도가 확대되고 있으며, 자동차, 건축, 항공우주 분야에서 폭넓게 사용되고 있는 것도 시장 확대에 기여하고 있습니다. 또한, 신흥 경제국들의 인프라 개발에 대한 중요성 증가와 많은 응용 분야에서 기존 재료를 복합재료로 대체하는 추세도 시장 개척에 힘을 실어주고 있습니다. 또한, 비닐 에스테르의 성능과 용도를 개선하기 위한 연구개발(R&D) 활동 증가는 시장 성장을 강화하고 있습니다.
해양 산업 수요 증가
해양 산업의 지속적인 성장은 세계 비닐 에스테르 시장의 중요한 원동력이 되고 있습니다. 해상 무역의 견조한 성장과 관광 산업의 호황은 비닐 에스테르에 대한 수요를 급증시키는 계기가 되었습니다. 비닐 에스테르는 뛰어난 내수성과 내식성으로 인해 보트, 요트, 함정, 해양 플랫폼, 해상 운송 장비 등 다양한 해양 구조물 제조에 광범위하게 사용되고 있습니다. 해수의 부식 작용과 파도 및 악천후로 인한 마모와 손상과 같은 가혹한 해양 환경을 견딜 수 있는 능력은 기존 재료를 대체할 수 있는 이상적인 대안이 되고 있습니다. 또한, 가처분 소득 증가와 수상 스포츠 및 레저 활동의 인기 증가로 인한 레크리에이션 보트 활동 증가는 수요를 더욱 촉진하고 있습니다.
화학 저장 탱크 건설에 대한 활용도 증가
내화학성이 우수한 비닐 에스테르는 화학물질 저장 탱크 제조에 널리 사용되고 있습니다. 전 세계 산업 부문이 계속 확장됨에 따라 안전하고 견고하며 오래 지속되는 저장 솔루션에 대한 필요성이 점점 더 커지고 있습니다. 또한, 강한 산과 알칼리에서 부식성이 강한 용매에 이르기까지 다양한 화학 물질을 안전하게 저장하기 위한 화학 산업의 광범위하고 다양한 요구는 부식성 영향을 견딜 수 있는 재료를 필요로 합니다. 비닐 에스테르는 이러한 요구에 잘 부합하여 시장 수요를 크게 늘리고 있습니다. 또한, 환경에 대한 인식이 높아지고 규제가 강화됨에 따라 저장 탱크 건설에 누출 방지 재료의 사용이 필요해져 비닐 에스테르의 인기가 더욱 높아졌습니다. 또한 급성장하는 제약 및 농약 산업도 유사한 저장 요구가 있어 탱크 건설에서 비닐 에스테르 수요 증가에 기여하고 있습니다.
섬유강화플라스틱(FRP)에서의 역할
비닐 에스테르는 섬유강화플라스틱(FRP)의 제조에 사용되어 세계 시장을 주도하고 있으며, FRP는 강한 강도, 경량성, 뛰어난 내구성으로 인해 많은 분야에서 다양한 용도를 찾고 있습니다. 특히 자동차, 건설, 항공우주 산업은 꾸준히 성장하고 있으며, FRP의 핵심 구성 요소인 비닐 에스테르에 대한 수요를 증가시키고 있습니다. 또한, FRP의 유리한 특성과 비용 효율성으로 인해 다양한 응용 분야에서 철이나 알루미늄과 같은 기존 재료를 FRP로 대체하는 경향이 증가하고 있어 이러한 수요에 박차를 가하고 있습니다. 또한 FRP의 내식성, 낮은 유지 보수 요구 사항 및 설계 유연성은 부식성 및 열악한 환경에서 매력적인 선택이 되어 비닐 에스테르에 대한 수요를 증가시키고 있습니다. 또한, 이산화탄소 배출량 감소와 에너지 효율 향상에 대한 관심이 높아지면서 FRP와 같은 경량 소재의 중요성이 강조되고 비닐 에스테르 시장의 성장을 가속할 수 있습니다.
The global vinyl ester market size was valued at USD 1.12 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 1.43 Billion by 2033, exhibiting a CAGR of 2.68% during 2025-2033. North America currently dominates the market, holding a significant market share of over 40.0% in 2024. The vinyl ester market share is influenced by its demand in the marine sector, rising application in chemical storage containers, and its essential function in the expanding fiber-reinforced plastics market, supported by its enhanced strength, resistance to corrosion, and compatibility with different reinforcements.
Vinyl ester is a type of resin produced by the esterification of epoxy resins with acrylic or methacrylic acids. It is known for its high strength and impact and moisture resistance and is frequently used in applications demanding corrosion-resistant material or where it might be exposed to water or humidity. Furthermore, vinyl ester demonstrates exceptional mechanical properties and fatigue resistance, making it a preferred choice for producing tanks, pipes, and boats. It is also extensively used in the fiber-reinforced plastic (FRP) industry due to its compatibility with various types of reinforcements.
The global vinyl ester market is primarily driven by the heightened demand from the marine industry, where vinyl ester is widely utilized due to its excellent water and corrosion resistance. As the marine industry continues to grow, particularly in regions such as Asia-Pacific, it fuels the demand for vinyl ester for manufacturing boats and other marine structures. In addition to this, the increasing product employment in the construction of chemical storage tanks due to their chemical-resistant properties is creating a favorable outlook for market expansion. Besides this, the expanding use of vinyl ester in creating fiber-reinforced plastic (FRP) contributes to its market expansion as FRP finds broad applications in the automotive, construction, and aerospace sectors. Moreover, the increasing emphasis on infrastructure development in emerging economies, along with the replacement of traditional materials with composites in numerous applications, is aiding in market expansion. Furthermore, the rising research and development (R&D) activities aiming to improve vinyl ester's performance and applications are strengthening the market growth.
Rising demand from the marine industry
The marine industry's consistent growth has been a significant propellant for the global vinyl ester market. The robust growth in maritime trade and booming tourism industry is triggering a surge in vinyl ester demand. Renowned for its exceptional water and corrosion resistance, vinyl ester is extensively deployed to manufacture various marine structures, including boats, yachts, naval vessels, offshore platforms, and marine transportation equipment. Its ability to endure harsh marine environments of the corrosive effects of seawater and the wear and tear induced by waves and harsh weather conditions makes it an ideal substitute for traditional materials. Moreover, the rise of recreational boating activities, driven by increasing disposable income and the growing popularity of water sports and leisure activities, further propels the demand.
Increasing utilization in the construction of chemical storage tanks
Vinyl ester, with its excellent chemical-resistant attributes, is widely utilized in the fabrication of chemical storage tanks. As industrial sectors across the globe continue their expansion trajectory, the imperative for secure, robust, and long-lasting storage solutions becomes more pressing. Moreover, the chemical industry's extensive and diverse needs for safely storing various chemicals, ranging from potent acids and alkalis to aggressive solvents, require materials that can withstand corrosive effects. Vinyl ester adeptly satisfies these requirements, thus considerably bolstering its market demand. Furthermore, the growing environmental awareness and increasingly stringent regulatory compliances necessitate the use of leakage-proof materials in storage tank construction, further escalating vinyl ester's popularity. Additionally, the burgeoning pharmaceutical and agrochemical industries also contribute to the growing demand for vinyl ester in tank construction due to similar storage needs.
Role in fiber-reinforced plastics (FRP)
The escalating use of vinyl ester in fabricating fiber-reinforced plastics (FRP) significantly propels the global market. FRP is finding diverse applications across numerous sectors due to their robust strength, lightweight, and exceptional durability. Among these are the automotive, construction, and aerospace industries, which are witnessing consistent growth, pushing the demand for vinyl ester, a crucial component of FRP. Further fueling this demand is the rising trend of replacing traditional materials like steel and aluminum with FRP in various applications, driven by FRP's advantageous properties and cost-effectiveness. Additionally, FRP's resistance to corrosion, low maintenance requirements, and design flexibility make them an attractive choice in corrosive and harsh environments, thus increasing the demand for vinyl ester. Furthermore, the growing focus on reducing carbon emissions and enhancing energy efficiency underscores the importance of lightweight materials such as FRP, potentially driving the vinyl ester market growth.
DGEBA dominates the market
The global demand for diglycidyl ether of bisphenol A (DGEBA), a prominent type of epoxy resin, is currently being propelled by its escalating use in the manufacturing of coatings, adhesives, and sealants. As industries worldwide, especially in the construction and automotive sectors, continue to expand, the need for such materials is surging, thereby driving the demand for DGEBA. Additionally, DGEBA is used in manufacturing high-performance composites due to its superior mechanical properties and exceptional dimensional stability. The increased demand for these composites in aerospace, sports equipment, and wind turbine industries is fueling the demand for DGEBA. Moreover, DGEBA's electrical insulating properties make it a preferred choice for electrical and electronic applications. As the electronics industry witnesses continuous growth, particularly with the advent of 5G and the Internet of Things (IoT) technologies, the demand for DGEBA is expected to rise further.
With the increasing proliferation of high-speed internet and smartphones, the online segment is witnessing substantial growth. It provides consumers with the convenience of shopping anytime, anywhere, coupled with a wider range of product options, user reviews, and competitive pricing. The trend toward online shopping due to recent shifts in consumer behavior following the COVID-19 pandemic is creating a favorable outlook for market expansion. In addition to this, widespread product availability through traditional brick-and-mortar stores, which include supermarkets, hypermarkets, specialty stores, and others, is strengthening the market growth. In line with this, the surging consumer's preference for offline shopping due to the tactile experience it offers, allowing them to physically examine products before purchasing, is influencing the market growth. Additionally, instant ownership, professional assistance, and avoidance of shipping costs are contributing to the market's growth.
Pipes and tanks dominate the market
The escalating demand for vinyl ester-based pipes and tanks is providing a substantial boost to the market growth. Key industries, such as oil & gas, wastewater treatment, and chemical processing, are opting for vinyl ester-based solutions due to their exceptional corrosion resistance and durability. The oil and gas industry requires robust materials, such as vinyl ester, for pipes that can endure corrosive substances and extreme conditions. Additionally, wastewater treatment plants are increasingly using vinyl ester-based tanks and pipes because of their resistance to corrosive gases and liquids. In the chemical processing industry, vinyl ester's resistance to a wide array of chemicals makes it an ideal choice for constructing tanks and piping systems, ensuring safe and efficient operations. Moreover, the demand for these materials is being driven by the water and wastewater management sector due to growing environmental concerns and stricter regulations for sustainable infrastructure.
North America exhibits a clear dominance, accounting for the largest vinyl ester market share
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa.
The demand for vinyl ester in North America is seeing a considerable uptick due to a combination of industrial growth and infrastructural development. The North American region, particularly the United States, has a substantial presence of industries such as oil & gas, chemical processing, and marine, all of which extensively use vinyl ester. Furthermore, North America is witnessing an increased emphasis on the use of durable, lightweight materials in the construction and automotive sectors, which directly impacts the demand for vinyl ester. Additionally, heightened environmental awareness and regulatory compliance in the region are fostering the use of corrosion-resistant materials in wastewater management systems. The increased investment in renewable energy, particularly wind energy, is another contributing factor, as vinyl ester is a preferred material for manufacturing wind turbine blades.
The global vinyl ester market displays a highly competitive landscape characterized by the presence of numerous international and regional players. Leading market players are engaged in research and development activities to produce vinyl ester with improved properties and diverse applications. In addition to this, strategic partnerships, mergers, and acquisitions have become common as companies aim to expand their geographical reach and strengthen their market position. For instance, alliances with local distributors and manufacturers help companies ensure their product availability across different regions. The competitive landscape is expected to intensify further as more companies enter the fray and current ones continue to innovate.