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
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.
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.
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.
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.
Vinyl ester resin is a composite substance made up of epoxy and polyester resins. It is created through the interaction of epoxy monomers with unsaturated monocarboxylic acids. This resin is highly corrosion resistant, mechanically strong, and long-lasting. Because of its capacity to generate lightweight yet durable structures, it is widely utilized as a matrix material in a variety of industries, including construction, marine, aerospace, and automotive.
|Product Name||Vinyl Ester Resin|
|Industrial Uses||Corrosion resistance, Sports equipment, Automotive, Aerospace, Marine industry, Petrochemical industry, Wind energy production|
|Supplier Database||Polynt, DIC CORPORATION, INEOS, SHOWA DENKO K.K., Interplastic Corporation|
|Region/Countries Covered||Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
|Currency||US$ (Data can also be provided in local currency)|
|Supplier Database Availability||Yes|
|Customization Scope||The report can be customized as per the requirements of the customer|
|Post-Sale Analyst Support||360-degree analyst support after report delivery|
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
This process of production of epoxy resin via esterification with methacrylic acid is a sequence reaction. The overall esterification of epoxy resin with methacrylic acid at particular temperature and pressure range gives vinyl ester resin.
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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