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The global vinylester market was valued at USD 1.14 Billion in 2024. The industry is expected to grow at a CAGR of 4.90% during the forecast period of 2025-2034. Vinylester resins are becoming increasingly popular in the maritime industry owing to their superior resistance to chemicals, water, and UV deterioration. This makes them ideal for long-lasting, sturdy parts for ships and boats. In turn, all these factors have resulted in the market attaining a valuation of USD 1.84 Billion by 2034.
Base Year
Historical Year
Forecast Year
The vinylester market growth is significantly stimulated by aerospace and automotive industries specifically because of the resin’s excellent corrosion resistance, strength, and lightweight ratio, which is an ideal combination for high-performance composite cores within these machines.
With mechanical qualities that are on par with or better than epoxy resins, vinylester resins are a less expensive option compared to most epoxy resins. This allows producers to reduce overall material costs without experiencing significant performance degradation.
Chemical, moisture, and UV degradation resistance is said to create an increasing utilization by the construction and marine industry for vinylester resins. Such properties permit the production of durable and excellent materials for infrastructure and marine applications.
Value in USD Billion
2025-2034
Vinylester Market Outlook
*this image is indicative*
Global Vinylester Market Report Summary |
Description |
Value |
Base Year |
USD Billion |
2024 |
Historical Period |
USD Billion |
2018-2024 |
Forecast Period |
USD Billion |
2025-2034 |
Market Size 2024 |
USD Billion |
1.14 |
Market Size 2034 |
USD Billion |
1.84 |
CAGR 2018-2024 |
Percentage |
XX% |
CAGR 2025-2034 |
Percentage |
4.90% |
CAGR 2025-2034- Market by Region |
Asia Pacific |
5.0% |
CAGR 2025-2034 - Market by Country |
India |
5.3% |
CAGR 2025-2034 - Market by Country |
Brazil |
5.1% |
CAGR 2025-2034 - Market by Application |
Fiber Reinforced Plastics (FRP) |
4.8% |
CAGR 2025-2034 - Market by Type |
Bisphenol-A |
4.3% |
Market Share by Country 2024 |
India |
4.4% |
The growing need for durable, corrosion-resistant materials across a range of industries, including infrastructure, marine, and construction, is driving demand in the vinylester market. The primary growth motivators are the material's superior resistance to chemicals and moisture, which makes it appropriate for challenging environments. Recent trends indicate a growing inclination towards green, sustainable resins, resulting in developments in bio-based vinylester manufacturing. Players like Ashland Global, AOC Resins, and Reichhold are diversifying their product lines to serve multiple industries, including automotive, wind energy, and transportation, and are investing in enhancing the properties of material and minimizing environment footprint to respond to the changing market demands.
The marine sector is another highly rewarding niche driving the vinylester market growth. Owing to their excellent corrosion resistant properties, these resins are widely used in the construction of boat hulls, marine equipment, and offshore structures, providing more durability. As the demand for more recreational and commercial vessels increases, the marine industry continues to increasingly rely on vinylester for improved performance and longevity. These resins are also gaining considerable ground within the wind-energy sector. The ability of the material to stand severe weather while having a good strength-to-weight ratio makes it fit for the manufacture of lightweight durable blades capable of performing efficiently over extended periods. Wind turbine manufacturers are increasingly using vinylester-based composites for performance enhancement, maintenance reduction, and operational cost reduction.
The key trends of the vinylester market include bio-based resins, wind energy applications, improved durability, and automotive demand with sustainability, performance, and cost-effectiveness as the focus of innovation.
The new emerging vinylester market trend is the growing popularity of bio-based vinylester as an alternative to classic petrochemical-based materials. Companies like AOC Resins are formulating different plant-derived vinylesters to match the growing environmental concerns. The acceptance of such bio-based options is growing in construction and automobile industries.
The resin is gaining wide popularity in wind energy markets due to their excellent mechanical and long-term properties, thereby boosting the overall vinylester market trends and dynamics. Their increasing demand in the construction of wind turbine blades can be credited to their high strength and resistance to environmental degradation, supported by the increased demand for renewable energy. Leading suppliers, such as Reichhold, are developing specialized formulations to meet the specific needs of the growing wind industry.
Technological progression in the vinylester market is more geared to improving their durability and mechanical properties. This helps improve the resin's ability to resist tremendous weather, UV rays, and chemical regimes, which opens up opportunities for its application in harsh markets such as marine and aerospace. Additionally, businesses are enhancing the resin's drying and adhesive qualities to enable improved performance in composite applications. For instance, Ashland's vinylester products have a longer lifespan since they are designed to withstand corrosion under challenging conditions.
Increased vinylester consumption in the automotive industry is due to their good performance in impact resistance and weight properties. These composites are used in the manufacture of bumper, panel, and underbody parts. Companies like AOC Resins are seeking to develop vinylester composites to align with the safety regulations, cost-efficiency, and performance of the booming global automotive industry.
As per the vinylester market analysis, the industry is likely to generate huge opportunities in countries like Asia-Pacific and Latin America, where the construction, automotive, and marine sectors are expanding. Companies may utilize superior properties of vinylester, particularly with the rise of infrastructural development and an emphasis on low-cost and long-lasting materials. In addition, vinylester resin manufacturers may establish strategic alliances with end-use industries to create tailor-made formulations for niche applications. For example, collaboration with renewable energy sectors can lead to customized solutions for solar panel frames and wind turbine blades, hence broadening the scope of the market.
The rising requirement for durable materials, corrosion resistance, and application in infrastructure projects is driving up the vinylester demand. Due to their exceptional strength and chemical resistance, vinylester resins are becoming popular as building materials, coatings, and pipelines in harsh environments. This is especially evident in developing nations where the construction industry is growing. Moreover, the automobile industry's emphasis on making cars lighter in order to increase fuel efficiency is another key driving factor. Vinylester is useful in producing lighter composite parts with high strength since it is impact-resistant and lightweight, which assists automobiles to reach their performance and sustainability goals.
The EMR’s report titled “Vinylester Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:
Market Breakup by Application
Market Breakup by Type
Market Breakup by Region
Market Insights by Application
The mounting demand for light-weight and high-performance materials across sectors is fast-tracking the adoption of both FRP and Non-FRP vinylester-based composites. Fiber reinforced plastics (FRP), projected to grow at a CAGR of 4.8% CAGR over the forecast period, have exceptional mechanical qualities, such as their strength, durability, and resistance to corrosion, and hence, are boosting the vinylester market value. These materials are widely used in the construction, automotive, and marine industries. Non-Fiber Reinforced Plastics have also gained traction because of their cost-effective applications in coatings, adhesives, and low-stress components.
Market Analysis by Type
Bisphenol-A resins are increasingly gaining ground in the vinylesrer market due to their superior mechanical properties and chemical resistance. These resins are getting widely applied in the automotive and construction industries. The segment is anticipated to grow at 4.3% CAGR over the forecast period. Novolac vinylesters are in high demand for high-temperature and high-performance applications, especially in the aerospace and industrial industries due to their better thermal stability. Brominated vinylesters are finding more applications in fire-resistant uses, including electronics and building materials.
North America Vinylester Market Opportunities
The North America vinylester market revenue is mainly stimulated by automotive, construction, and marine industries. The construction industry in the region is strengthening, with concrete work and road and bridge developments. Environmental regulations create further opportunities for vinylester applications in construction.
Europe Vinylester Market Insights
Stricter environmental laws and growing infrastructure development are driving the vinylester market expansion in Europe. Vinylester resins are being used in the automotive and marine industries in the region because of their low weight and resistance to corrosion. Since sustainability is largely valued in European countries, vinylester is becoming more widely accepted as an environmentally friendly material for composite applications.
Asia Pacific Vinylester Market Growth
In Asia Pacific, vinylesters market growth is increasing rapidly owing to high demand in automotive, construction, and marine industries, specifically China and India. The regional market is expected to grow at 5.0% CAGR over the forecast period. Demand for affordable, long-lasting materials in these industries is spurring the use of vinylester. Moreover, the region's growing emphasis on renewable energy is propelling vinylester demand in wind power applications.
CAGR 2025-2034 - Market by |
Country |
India |
5.3% |
Brazil |
5.1% |
China |
4.9% |
USA |
4.6% |
France |
4.4% |
Canada |
XX% |
UK |
XX% |
Germany |
XX% |
Italy |
XX% |
Japan |
XX% |
Australia |
XX% |
Saudi Arabia |
XX% |
Mexico |
XX% |
Latin America Vinylester Market Outlook
The Latin America vinylester market is driven by the rapidly expanding construction and automotive industries which increasingly demand for durable and affordable materials. As Brazil and Mexico invest in infrastructure and renewable energy, demand for high-performance resins including vinylester is anticipated to increase.
Middle East and Africa Vinylester Market Dynamics
The Middle East and Africa vinylester market benefits from the construction and oil & gas industries. Due to extreme climatic conditions and the need for corrosion resistance, vinylester attracts attention in the region. Major investments in infrastructure and renewable energy sectors are also supporting market growth.
Key vinylester market players are working towards the development of performance-driven, cost-efficient, and sustainable resin solutions. Most of the vinylester companies are putting major emphasis on catering to the increasing demand in the automotive, marine, and construction industry.
Founded in 2003 and headquartered in the United Kingdom, AOC has become a world leader in the production of vinyl ester resins. AOC specializes in performance resins for the commercial industries of automotive, marine, and construction. To adapt to the evolving needs of its clientele, the business is adopting innovations and sustainable methods.
Swancor Ind. Co., Ltd., established in 1992, is among the leading companies in the global vinylester market, producing resins that serve marine, automotive, and wind energy projects. The company insists on quality, high manufacturability, and a present and future sustainable approach to expanding its international presence.
Founded in 1921 Scott Bader is a fully integrated producer and supplier of a comprehensive range of vinylester resins for high-performance applications in various industries, including automotive, construction, and composites. It focuses on the development of sustainable, eco-friendly materials for diverse applications.
Allnex, established in 2013, is a global market leader in specialty chemicals and resins, including vinylester resins, for applications in coatings, automotive, and construction. Allnex focuses on innovation and sustainable resin production.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other key players in the vinylester market report are Resonac Holdings Corporation and INEOS Group, among others.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2024, the vinylester market reached an approximate value of USD 1.14 Billion.
The market is projected to grow at a CAGR of 4.90% between 2025 and 2034.
The market is estimated to witness healthy growth in the forecast period of 2025-2034 to reach a value of around USD 1.84 Billion by 2034.
The major drivers of the market are growing popularity in the maritime industry, rising requirement for durable materials, corrosion resistance, and application in infrastructure projects, and the automobile industry's emphasis on lightweight vehicles.
The key trends of the market include bio-based resins, wind energy applications, improved durability, and automotive demand with sustainability, performance, and cost-effectiveness as the focus of innovation.
The major regions in the market are North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
The various applications considered in the market report are Fiber Reinforced Plastics (FRP) and Non-Fiber Reinforced Plastics (Non-FRP).
The various types considered in the market report are Bisphenol-A, Novolac, Brominated, and others.
The major players in the market are AOC, Swancor Ind. Co., Ltd., Scott Bader Co. Ltd, Allnex, Resonac Holdings Corporation and INEOS Group, among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
REPORT FEATURES | DETAILS |
Base Year | 2024 |
Historical Period | 2018-2024 |
Forecast Period | 2025-2034 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
Breakup by Type |
|
Breakup by Application |
|
Breakup by Region |
|
Market Dynamics |
|
Competitive Landscape |
|
Companies Covered |
|
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Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-723-689-1189
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
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+44-753-713-2163
United States
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+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-723-689-1189
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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