Vinyl Ester Resin Price Trend and Forecast

Regional Price Trend

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).

Vinyl Ester Resin Price Trend for the First Half of 2023

Asia

The negative outlook of the consumer market led to a fall in the price trend of vinyl ester resin in the first and second quarters of 2023. The slow movement of the construction and automotive industries and the general weak performance of the global economy severely affected the growth of prices of vinyl ester resin. Additionally, the feedstock market also failed to provide the required support, and with the ample availability of products in the region, increasing competitiveness and reduced appetite of buyers further pushed the price trend of vinyl ester resin towards a southward trajectory.

Europe

In the first quarter of 2023, the prices of vinyl ester resin suffered from the low interest of consumers and, in turn, weak demand from the downstream industries. The decline in the housing sector and rise in interest rates due to soaring inflation increased the pressure on the market of vinyl ester resin.

The prices of vinyl ester resin also struggled with the high cost of living, restricted trade activities, and feeble economic growth of the market, which eventually led to a decline in the trajectory of its price trend. However, the prices improved gradually towards the end of the second quarter but suffered in the initial months due to muted demand from the automotive and construction industry, along with the rising uncertainties in the feedstock market.

North America

With the excess availability of vinyl ester resin in the region and the disruption of the supply-demand equilibrium due to a reduction in demand from the downstream industries, the price trend of vinyl ester resin declined in the first quarter of 2023. The second quarter was also negatively impacted by the falling costs of feedstock materials, high supply, and economic disruptions attributed to the failure of two major banks in the region. The growth rate of the construction sector and a wide gap between supply and demand ultimately caused the price trend of vinyl ester resin to fall in both the first and second quarters of 2023.

Analyst Insight

According to Procurement Resource, the price trend of Vinyl ester resin is expected to showcase a depreciation in the prices as the construction and automotive sectors and the global economy seem to have a long journey of recovery.

Procurement Resource provides latest prices of Vinyl Ester Resin. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.