When compared to Q4 2024, Vinyl Ester Resin prices in North American region recorded a quarter-on-quarter decline in Q1 2025. At the start of the quarter, prices rose as upstream epoxy resin costs climbed on firmer benzene fundamentals. Domestic supply tightened due to maintenance at key resin plants, while federal infrastructure and automotive projects supported construction and OEM demand. Mid-quarter, pricing pressures eased as crude-linked feedstocks softened and import volumes resumed.

Get the latest insights on price movement and trend analysis of Vinyl Ester Resin in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

In China, the Vinyl Ester Resin (VER) market has shown a steadily growing trend mainly due to increasing demand, which in turn resulted to substantial price increases. Sellers withdrew the product from the market since demand was greater than supply, which led to a scarcity and consequent price increases made worse by the wild fluctuations in the feedstock Epoxy Resin costs observed in the Asian market. In this regard, there are some vital influences that these market dynamics rely on, including the rise in demand for VER, a narrow balance between inventories and the flagging demand, and the anticipated enlargement of demand emanating from downstream industries, altogether creating the pressure to command the prices upward.

Vinyl Ester Resin Prices December 2023

Product	Category	Region	Price
Vinyl Ester Resin	Polymer & Resin	China	3035 USD/MT

Explore IMARC’s newly published report, titled “Vinyl Ester Resin Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of vinyl ester resin pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

Global Specialty Vinyl Ester Resin market size was USD 1.07 Billion in 2022. What is driving the Specialty Vinyl Ester Resin Market Growth?

Increasing demand from the chemical processing industry drives the Global Specialty Vinyl Ester Resin Market

The increasing demand from the chemical processing industry is one of the key drivers of the global specialty vinyl ester resin market. Specialty vinyl ester resins are widely used in the chemical processing industry due to their superior chemical resistance, which makes them suitable for manufacturing chemical storage tanks, pipes, and other equipment that come into contact with harsh chemicals. The chemical processing industry is growing rapidly, particularly in emerging economies such as China, India, and Brazil. The increasing demand for chemicals, such as petrochemicals, polymers, and specialty chemicals, is driving the growth of the chemical processing industry, which, in turn, is driving the demand for specialty vinyl ester resins. Moreover, the increasing use of specialty vinyl ester resins in the manufacturing of corrosion-resistant equipment is also driving the demand for these resins in the chemical processing industry. As the industry continues to grow and demand for high-performance, corrosion-resistant equipment increases, the demand for specialty vinyl ester resins is expected to continue to rise. Additionally, the use of specialty vinyl ester resins in other industries such as water treatment, pulp and paper, and food and beverage processing, where chemical resistance is also essential, is further driving the demand for these resins. The chemical industry's growth is a key indicator of the growth of the global specialty vinyl ester resin market. Specialty vinyl ester resins are widely used in the chemical industry due to their superior chemical resistance, making them ideal for manufacturing chemical storage tanks, pipes, and other equipment that come into contact with harsh chemicals. As the chemical industry continues to grow, the demand for high-performance, corrosion-resistant equipment increases, which drives the demand for specialty vinyl ester resins. Introduction of Specialty Vinyl Ester Resin

Specialty Vinyl Ester Resin is a type of thermosetting resin that is used in various industrial applications where high resistance to corrosion, heat, and chemicals is required. Vinyl ester resins are formed by the reaction of an epoxy resin with an unsaturated monocarboxylic acid. The resulting product has improved mechanical properties and chemical resistance compared to traditional polyester resins. Specialty vinyl ester resins are specifically formulated to meet the requirements of different applications such as the manufacturing of chemical storage tanks, pipes, and other equipment used in the chemical processing industry. They have high resistance to acids, alkalis, and solvents and can withstand elevated temperatures.

The global Vinyl Ester market size reached USD 1,023.0 Million in 2021 and is expected to reach USD 1,611.6 Million in 2030 registering a CAGR of 5.1%. Vinyl Ester Resin (VER) industry report classifies global market by share, trend, growth and based on type, end-use, and region

The global Vinyl Ester Resin (VER) market has expanded remarkably to reach approximately 750 thousand tonnes in 2022 and is expected to grow at a CAGR of 3.74% during the forecast period until 2030.

Epoxy Vinyl Ester Resin Market Outlook

The global epoxy vinyl ester resin market size was valued at approximately USD 1.3 billion in 2023 and is expected to grow to USD 2.5 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.6% during the forecast period. This robust growth is primarily driven by increasing applications across various industries, including chemical, water and wastewater treatment, and power generation. The growing demand for high-performance materials that offer superior chemical resistance, mechanical properties, and durability in harsh environments is propelling the market forward.

One of the primary growth factors for the epoxy vinyl ester resin market is the rising demand from the chemical and water treatment industries. These industries require materials that can withstand aggressive chemicals and corrosive environments, and epoxy vinyl ester resins provide the necessary resistance and longevity. Additionally, the increasing focus on sustainable and eco-friendly solutions is pushing manufacturers to develop advanced resin formulations that meet stringent environmental regulations, further boosting market demand.

Another significant growth driver is the expanding wind energy sector. As countries worldwide strive to meet renewable energy targets, the demand for wind turbines has surged. Epoxy vinyl ester resins are extensively used in the production of wind turbine blades due to their exceptional strength, lightweight properties, and resistance to environmental degradation. This growing emphasis on renewable energy sources is expected to continue driving the demand for epoxy vinyl ester resins in the coming years.

The automotive industry is also a key contributor to the market's growth. With the increasing demand for lightweight and fuel-efficient vehicles, manufacturers are turning to advanced composite materials, such as epoxy vinyl ester resins, to reduce vehicle weight and improve performance. These resins offer excellent bonding properties, thermal stability, and resistance to impact and fatigue, making them ideal for various automotive applications, including body panels, structural components, and under-the-hood parts.

In the marine industry, the use of Epoxy Resin for Marine Composites has become increasingly prevalent due to its superior properties. These resins offer excellent resistance to water, chemicals, and UV radiation, making them ideal for the construction and maintenance of boats, ships, and offshore structures. The lightweight nature of epoxy resin composites contributes to improved fuel efficiency and reduced maintenance costs, which are critical factors in marine applications. Furthermore, their ability to withstand the harsh marine environment ensures the longevity and structural integrity of vessels, making them a preferred choice for shipbuilders and marine engineers.

Regionally, Asia Pacific is expected to witness the highest growth in the epoxy vinyl ester resin market, driven by rapid industrialization, urbanization, and infrastructure development in countries like China, India, and Japan. The increasing investments in chemical manufacturing, water treatment plants, and renewable energy projects in the region are creating significant opportunities for market expansion. Furthermore, the presence of large-scale manufacturing facilities and the availability of raw materials at competitive prices are contributing to the region's dominance in the market.

Type Analysis

The epoxy vinyl ester resin market is segmented into various types, including Bisphenol A Epoxy Vinyl Ester, Novolac Epoxy Vinyl Ester, Brominated Epoxy Vinyl Ester, and others. Bisphenol A Epoxy Vinyl Ester is one of the most widely used types due to its excellent mechanical properties and chemical resistance. It offers high tensile strength, flexural strength, and impact resistance, making it suitable for a wide range of industrial applications. Its ability to withstand harsh chemical environments makes it particularly valuable in the chemical processing and water treatment sectors.

Novolac Epoxy Vinyl Ester, on the other hand, is known for its superior heat resistance and durability. This type of resin is often used in applications where high-temperature stability is crucial, such as in the power generation and petrochemical industries. Its excellent thermal stability and resistance to thermal cycling make it an ideal choice for components exposed t

The global vinyl ester resin market is experiencing robust growth, driven by its superior properties compared to other resin systems. The market's Compound Annual Growth Rate (CAGR) exceeding 4.50% indicates a significant expansion trajectory, projected to continue through 2033. This growth is fueled by increasing demand across diverse applications, primarily in the pipes and tanks, paints and coatings, and transportation sectors. The rising need for corrosion-resistant and high-strength materials in infrastructure development and the automotive industry are key drivers. Specific types such as Bisphenol A Diglycidyl Ether (DGEBA) and Epoxy Phenol Novolac (EPN) dominate the market, catering to varied performance requirements. While challenges exist, such as raw material price fluctuations and environmental concerns regarding resin production, the overall market outlook remains positive. The Asia-Pacific region, particularly China and India, is a major growth engine, propelled by substantial infrastructure projects and expanding manufacturing sectors. North America and Europe also contribute significantly, with mature markets demonstrating steady growth driven by replacement and upgrade cycles within existing infrastructure. Key players like AOC, DIC Corporation, and INEOS are actively engaged in innovation and expansion to capitalize on the market's potential, focusing on developing sustainable and high-performance vinyl ester resins to meet evolving industry demands. The market is segmented by type (DGEBA, EPN, and others) and application (pipes and tanks, paints and coatings, transportation, and others), allowing for targeted market penetration strategies. Further analysis suggests that the market's strong growth will be sustained by ongoing technological advancements. Research and development efforts focus on enhancing the resin's properties, such as improving its durability, flexibility, and resistance to chemicals. This focus on innovation, coupled with increasing regulatory scrutiny on environmental impact, will drive the adoption of more sustainable production methods and the development of eco-friendly vinyl ester resins. Competition among established players and new entrants is fostering innovation and price competitiveness, benefiting consumers. Geographic expansion into emerging markets will also contribute to the market's overall growth, particularly in regions with burgeoning infrastructure development and manufacturing activities. Therefore, the vinyl ester resin market presents a promising investment opportunity with substantial growth potential in the coming years. Recent developments include: In October 2021, Lone Star completed the acquisition of AOC's shares from CVC Capital Partners. AOC is a leading global manufacturer of unsaturated polyester resins, vinyl ester resins, and other solutions for applications in coatings and protective barriers, colorants and visual effects, adhesives, and conventional composite resins.. Key drivers for this market are: Growing Application in the Manufacture of Fiber Reinforced Plastic Tanks and Vessels, Increasing Application in Making Corrosion-resistant Equipment. Potential restraints include: Growing Application in the Manufacture of Fiber Reinforced Plastic Tanks and Vessels, Increasing Application in Making Corrosion-resistant Equipment. Notable trends are: The Pipes and Tanks Segment is Expected to Dominate the Market.

Uncover Market Research Intellect's latest Vinyl Ester Resin Market Report, valued at USD 3.25 billion in 2024, expected to rise to USD 5.12 billion by 2033 at a CAGR of 6.5% from 2026 to 2033.

Table of Contents

• Specialty Vinyl Ester Resin Market Scope:

The report on Specialty Vinyl Ester Resin Market offers in-depth analysis of market trends, drivers, restraints, opportunities etc. Along with qualitative information, this report includes the quantitative analysis of various segments in terms of market share, growth, opportunity analysis, market value, etc. for the forecast years. The global specialty vinyl ester resin market is segmented on the basis of type, application, and geography.

The Worldwide market for Specialty Vinyl Ester Resin Market is expected to grow at a CAGR of roughly x.x% over the next nine years, and will reach US$ XX.X Mn in 2028, from US$ XX.X Mn in 2018, according to a new Market.us (Prudour Research) study. Read More

The report on Vinyl Ester Resin covers a summarized study of several factors supporting market growth, such as market size, market type, major regions, and end-user applications. The report enables customers to recognize key drivers that influence and govern the market.

Global Vinyl Ester Resin market size 2025 is $622.4 Million whereas according out published study it will reach to $1123.41 Million by 2033. Vinyl Ester Resin market will be growing at a CAGR of 7.661% during 2025 to 2033.

The vinyl ester market size is estimated to reach a valuation of US$ 1.4 billion in 2024. Vinyl ester resins are widely used in construction and infrastructure projects due to their excellent corrosion resistance and durability.

Attributes	Details
Vinyl Ester Market Value for 2024	US$ 1.4 billion
Vinyl Ester Market Value for 2034	US$ 2.6 billion
Vinyl Ester Market Forecast CAGR for 2024 to 2034	6.4%

Historical Performance and Future Growth of the Vinyl Ester Market

Historical CAGR	7.6%
Forecast CAGR	6.4%

Category-wise Insights

Top Type	Bisphenol A Diglycidyl Ether (DGEBA)
CAGR % 2019 to 2023	7.5%
CAGR % 2024 to 2034	6.2%

Top Application	Pipes & Tanks
CAGR % 2019 to 2023	7.4%
CAGR % 2024 to 2034	6.1%

Country-wise Insights

Countries	CAGR
United States	6.6%
United Kingdom	7.6%
China	6.8%
Japan	7.8%
South Korea	7.5%

The global Polyester & Vinyl Ester Resins market, valued at $917.5 million in 2025, is projected to experience steady growth, driven by increasing demand from key sectors like transportation (automotive and marine), construction, and wind energy. The 3.5% CAGR from 2025 to 2033 indicates a consistent expansion, fueled by ongoing advancements in resin formulations leading to enhanced performance characteristics, such as improved durability, lighter weight, and greater resistance to corrosion and UV degradation. These improvements are particularly attractive in applications requiring high strength-to-weight ratios and long-term resilience. Furthermore, the growing focus on sustainable materials and manufacturing processes is creating opportunities for bio-based and recycled content polyester and vinyl ester resins, contributing to market expansion. While specific regional data is unavailable, it's likely that mature markets in North America and Europe will continue to show moderate growth, while developing economies in Asia-Pacific and South America might experience faster expansion due to infrastructure development and industrial growth. Competition in the market is relatively concentrated, with major players like Polynt-Reichhold, INEOS, and Aliancys holding significant market share. However, smaller, regional players also contribute to the market's overall dynamism. Potential restraints on market growth include fluctuating raw material prices (particularly petroleum-based components) and environmental concerns regarding volatile organic compounds (VOC) emissions associated with some resin manufacturing and application processes. Nevertheless, ongoing innovation in resin chemistry, coupled with regulatory pressures to reduce VOCs, is driving the development of more environmentally friendly alternatives, mitigating this constraint. The continued growth in the construction, transportation, and renewable energy sectors will be key factors determining the overall expansion trajectory of the Polyester & Vinyl Ester Resins market over the forecast period.

The global vinyl ester resin market is experiencing steady growth, projected to reach a value of $760.3 million in 2025, exhibiting a compound annual growth rate (CAGR) of 3.2% from 2019 to 2033. This growth is fueled by increasing demand from various end-use industries, primarily driven by the construction and transportation sectors. The rising adoption of vinyl ester resins in infrastructure projects, owing to their superior durability, corrosion resistance, and strength, significantly contributes to market expansion. Furthermore, the automotive and marine industries are key drivers, leveraging vinyl ester's lightweight yet robust properties in high-performance components. Ongoing research and development in the industry are focusing on enhancing resin properties, such as improved thermal resistance and UV stability, further expanding the applications across different sectors. The market is witnessing the emergence of bio-based vinyl esters, aligning with the global push for sustainable materials and reducing environmental impact. However, factors such as price volatility of raw materials and stringent environmental regulations pose challenges to sustained market growth. Competitive dynamics within the vinyl ester resin market are intense, with several established players like Ashland, Reichhold, and Allnex competing alongside emerging companies. These companies are actively pursuing strategies such as mergers and acquisitions, capacity expansions, and technological advancements to maintain their market positions. The focus is on providing customized solutions to meet specific customer requirements and exploring new application areas. Geographical segmentation reveals a strong market presence in North America and Europe, driven by significant industrial activity and infrastructure development. However, Asia-Pacific is expected to witness significant growth in the coming years, propelled by rapid industrialization and infrastructure projects in developing economies. The forecast period of 2025 to 2033 anticipates sustained market growth, driven by the aforementioned factors and continuous innovation within the industry.

The global vinyl ester resin market is experiencing robust growth, projected to maintain a Compound Annual Growth Rate (CAGR) exceeding 4.50% from 2025 to 2033. While the exact market size for 2025 is not provided, considering a typical market size for specialty resins and a CAGR of 4.5%, a reasonable estimation places the 2025 market value at approximately $500 million. This growth is fueled by several key drivers. Increasing demand from the marine industry, particularly in high-performance boat manufacturing, is a significant contributor. Furthermore, the expanding wind energy sector necessitates lightweight, durable materials, making vinyl ester resins an ideal choice for wind turbine blades. The construction industry also contributes significantly, with vinyl ester resins finding applications in corrosion-resistant infrastructure components and specialized composite structures. The growing focus on sustainable materials and the inherent durability and chemical resistance of vinyl ester resins further bolster market expansion. However, price volatility of raw materials and potential competition from alternative materials present challenges to sustained growth. Market segmentation reveals diverse applications across various industries, with significant contributions from automotive, aerospace, and infrastructure projects. Key players like Interplastic Corporation, Polynt, INEOS, and others are actively shaping the market landscape through innovation and strategic expansions. The forecast period (2025-2033) promises further expansion, driven by ongoing technological advancements and the increasing adoption of vinyl ester resins in diverse high-growth sectors. The market’s growth is expected to be geographically diverse, with regions such as North America and Europe maintaining significant market share due to established industries and early adoption. However, emerging economies in Asia-Pacific are projected to witness significant growth driven by infrastructural development and industrialization, creating new avenues for market expansion. The competitive landscape is characterized by both established players and emerging companies striving for market share through product differentiation, strategic partnerships, and expansion into new geographical regions. Addressing raw material price fluctuations and meeting stringent regulatory standards remain crucial challenges for market participants. Key drivers for this market are: Growing Application in the Manufacture of Fiber Reinforced Plastic Tanks and Vessels, Increasing Application in Making Corrosion-resistant Equipment. Potential restraints include: Toxicity of the Resin, Other Restraints. Notable trends are: The Pipes and Tanks Segment is Expected to Dominate the Market.

The size of the Vinyl Ester Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of XXX% during the forecast period. Vinyl esters are a group of chemical compounds that are derived from the reaction between an alcohol and an unsaturated carboxylic acid. They are characterized by the presence of a vinyl group (–CH=CH2) attached to an ester functional group (–COO–). This chemical structure gives vinyl esters unique properties, making them useful in various industrial applications, particularly in the production of polymers and composites. The most common vinyl ester is derived from the reaction of epoxy resins with acrylic or methacrylic acids, resulting in a polymer that combines the strengths of both components. This growth can be attributed to rising demand in the construction, marine, and automotive sectors. Vinyl esters offer several advantages over traditional materials, including high strength, corrosion resistance, and ease of application. Recent developments include: September, 2019, INEOS Enterprises, a manufacturer of specialty chemicals & materials, successfully completed the acquisition of Ashland composites business. The deal was announced in November 2018. The acquisition has strengthened INEOS composites business. The deal was worth USD 1.1 billion., March, 2018, Ashland Inc, a specialty chemicals manufacturing company headquartered in the US, announced price hikes for vinyl ester resins in North America by about $0.08 – $0.12/lb depending on grade. Other manufacturers had also announced prices hike prior to announcement by Ashland..

Global Epoxy Vinyl Ester Resin market size 2025 was XX Million. Epoxy Vinyl Ester Resin Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

Explore Market Research Intellect's Market Report, valued at USD 500 billion in 2024, with a projected market growth to USD 750 billion by 2033, and a CAGR of 6.0% from 2026 to 2033.

Uncover Market Research Intellect's latest Epoxy Vinyl Ester Resin Market Report, valued at USD 1.5 billion in 2024, expected to rise to USD 2.8 billion by 2033 at a CAGR of 8.5% from 2026 to 2033.