Vinyl Ester Resin Prices

Vinyl Ester Resin Prices December 2023

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.

The strong relation price of China building on the demand growth highlights the fact that market responds adequately to consumer requirements and industrial development. The price of Vinyl Ester Resin--Novalac based CFR Qingdao in China is still rising and was at US$ 3,035/MT as of the quarter ending in December 2023 which depicts the strong bullish trend in the market. The advancement of such market dynamics indicates a sophisticated interplay of supply and demand factors as well as external impacts that shape the structure of pricing within the VER market, and the market's sensitivity to both domestic and global impacts.

Vinyl Ester Resin Price Trend, Market Analysis, and News

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.

It encompasses an in-depth review of spot price of vinyl ester resin at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of vinyl ester resin price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing vinyl ester resin price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Vinyl Ester Resin Market Analysis

The global vinyl ester resin market size reached 778.1 Thousand Tonnes in 2023. By 2032, IMARC Group expects the market to reach 1082.7 Thousand Tonnes, at a projected CAGR of 3.70% during 2023-2032.

• The VER market is primarily driven by an expanding industrial sector. For instance, as per the national statistics from the United States Bureau of Economic Analysis, there was a 5% increase in annual industrial production. This is mainly driven by two factors including the fast-growing market for VER in industries which use these materials. With the increasing industry expansion and operations, VER requirements usually increase regarding the size of the market. The functional versatility of VER means that it will never be dispensable in the different industrial applications that will lead to its future relevance in a world where industrial manufacturing is becoming ever more sophisticated.
• Investments in infrastructure across the globe act as the foundation for the market growth of vinyl ester resins. For instance, the World Bank estimates that global infrastructural spending will reach around $4.2 trillion dollars by the year 2023. The VER construction material extensively utilizes its excellent long life and anti-corrosion properties. Governments that commit extra budgetary allocations to infrastructure development to boost economic growth or cater for the needs of the community will necessarily require VER to prolong the useful life of the infrastructure projects and improve their performance. This heightened demand places VER as an essential element in the construction and infrastructure industry and assures the development of these markets will remain sustainable.
• The tough environmental protection standards established by regulatory bodies across the globe are imperative to the use of eco-friendly products like the Vinyl Ester Resin. For instance, Clean Air Act of the U.S. regulates industries to decrease emissions which results in seeking for green solutions by industrial players. VER, exhibiting those low emission and eco-friendly characteristics, would be picked for several uses. Such regulations enforce the implementation of VER and the development of eco conscious materials utilization in various sectors. This dynamic mechanism wherein regulation becomes the driver for demand for VERs plays a vital role in the market growth.

Vinyl Ester Resin News

The report covers the latest developments, updates, and trends impacting the global vinyl ester resin market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in vinyl ester resin production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the vinyl ester resin price trend.

Latest developments in the vinyl ester resin industry:

• In October, 2021: Lone Star Finance acquired AOC existing shares from CVC Capital Partners. AOC, as a diversified global manufacturer, is well known for the development of unsaturated polyester resins, vinyl ester resins, and other formulations used widely in a variety of areas. The major area of their product application is coatings, protective barriers, colorants, adhesives and standard gel coats. The acquisition hereby complements Lone Star's aim to widen its scope of composite materials and specialty chemicals as AOC has brand awareness and a wide selection of products. 

Product Description

Vinyl Ester Resin (VER) represents a multipurpose and most popular as thermosetting polymers in multiple industrial applications. It owes its name to the chemical reaction between epoxy resin and either acrylic or methacrylic acid. VER shows admirable chemical resistance, mechanical strength and adhesion properties, making it irreplaceable in marine, automotive as well as construction industries, aerospace and corrosion-resistant coatings.

In marine application, VER is used extensively in boat making and repairing with its great ability of water, chemicals and weathering resistivity. In construction, it is widely used as an impervious and corrosion resistant material for infrastructural components such as pipes, tanks and builds. VER are used in the manufacturing process by the automotive and aerospace industries for lightweight and strong components, which improve fuel efficiency and performance.

In addition, ER's advantage in chemical resistance makes it a suitable protective coating material in certain places, such as chemical processing plants and wastewater treatment facilities. Apart from this, its adhesion ability facilitates in bonding of different substrates and hence expands its field of applications. With industries gearing for eco-friendly and sustainable options, VER is well-equipped to drive the demand for high-performance materials to accommodate global sustainability objectives.

Regional Coverage

The report provides a detailed analysis of the vinyl ester resin market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the vinyl ester resin price trend.

Global Vinyl Ester Resin Price

The report offers a holistic view of the global vinyl ester resin pricing trends in the form of vinyl ester resin price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of vinyl ester resin but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed vinyl ester resin demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Vinyl Ester Resin Price

The European Vinyl Ester Resin (VER) market experienced a contradictory trend in the fourth quarter of 2023 having initial and mid-quarter price peaks followed by a drop at the end of the quarter's slump. The primary reason for the price high was volatility in feedstock prices of epoxy resin which resulting in increased manufacturing cost. This volatility brought about a difficult market environment for manufacturers, and they had to adjust the prices to this new situation. Temporarily prices surged while the market, however, didn’t manage to maintain the downward movement to the quarter’s end, which might have been caused by demand swings and supply fluctuations. As a result, European VER markets were very volatile, mostly affected by external factors, clarifying intricacies of pricing trends in the industry.

This analysis can be extended to include detailed vinyl ester resin price information for a comprehensive list of countries.

North America Vinyl Ester Resin Price

In the North American area throughout the 4th quarter 2023, the Vinyl Ester Resin (VER) market experienced price mostly declining pattern. Demand for lobstermen services was primarily at downfall owing to the difficulty of the construction sector feeding into decreased demand from the customer side. Along that, the market was confronted with the large excess of VERs in the first quarter, as several factories expected order in the near future, and were producing accordingly. On the contrary, the influx of the product in the market caused deflationary pressure which accelerated the level of uncertainties amongst market players. Eventually, the VER market in North America needed to buckle down to the pressure of a slump in the demand and a side effect of the construction sector that went to the dogs during that period.

Specific vinyl ester resin historical data within the United States and Canada can also be provided.

Middle East and Africa Vinyl Ester Resin Price

The report explores the vinyl ester resin pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on vinyl ester resin prices for countries can also be provided.

Asia Pacific Vinyl Ester Resin Price

In APAC, the fluctuating price patterns in the region in Q4 of 2023 dominated the Vinyl Ester Resin market. At first, the prices were tanking but, ultimately, they came back by the end of the quarter. Through the duration of different countries, it is seen VES demand was low and has derived from the subdued industries demand from downstream coating and adhesive industries. Nevertheless, the Chinese VER, s market has been trading upwards as strong demand has been the main driver. Due to this sudden increase in credit coupled together with a shortage of spare goods, the dealers were forced to hike up the prices. While the APAC region demonstrated moderate demand, the VER market of China continued to show its ability to recover price levels and strong demand dynamics, which indicate a complex market situation for different countries within the region.

This vinyl ester resin price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Vinyl Ester Resin Price

The analysis of vinyl ester resin prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of vinyl ester resin pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting vinyl ester resin price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The vinyl ester resin price charts ensure our clients remain at the forefront of the industry.