India Vinyl Ester Resin Market (2025-2031) Outlook | Growth, Companies, Revenue, Value, Analysis, Forecast, Size, Share, Trends & Industry

India Vinyl Ester Resin Market Synopsis

The India vinyl ester resin market size was valued at USD 21.3 million in 2025 and is expected to register a CAGR of 5.5% over the forecast period. The growth of the market can be attributed to wide applications such as corrosion resistant coating, chemical tanks, pipes & fittings, etc., along with increasing demand from end-user industries including electrical & electronics, automotive & transportation, marine industry among others. Furthermore, rising investments towards establishing new manufacturing facilities which is likely to increase production capacities will propel the industry expansion in upcoming years.

Market Drivers of the market

The India vinyl ester resin market is witnessing growth due to its extensive utilization in corrosion-resistant applications and high-performance composites. Vinyl ester resins, known for their exceptional chemical and corrosion resistance, find extensive usage in industries such as chemical processing, oil and gas, marine, and automotive. The growing demand for materials that can withstand harsh environments and chemical exposures has driven the adoption of vinyl ester resins in the construction of tanks, pipes, and vessels for the chemical processing industry. Moreover, the expanding usage of high-performance composites in the automotive and aerospace industries has further boosted the demand for vinyl ester resins, which offer excellent mechanical properties and resistance to environmental factors. The increased focus on sustainability and lightweight materials in various industries has also contributed to the market`s expansion.

Challenges of the Market

The India vinyl ester resin market encounters challenges associated with competition from alternative resin systems. While vinyl ester resins offer excellent chemical and corrosion resistance, there are other resin types like epoxy and polyester resins that also possess similar properties. Manufacturers need to demonstrate the unique advantages of vinyl ester resins and their suitability for specific applications to differentiate themselves in the market. Additionally, the cost of vinyl ester resin can be a challenge, as it is generally more expensive than polyester resins. Finding a balance between cost-effectiveness and performance is essential to attract a wider customer base and expand the market.

Covid-19 Impact on the Market

The India vinyl ester resin market faced challenges from the COVID-19 pandemic. The slowdown in industries like construction, marine, and automotive during lockdowns impacted the demand for vinyl ester resin in various applications. However, the market also witnessed opportunities in healthcare and sanitation applications. Vinyl ester resins are used in corrosion-resistant coatings and linings for equipment used in healthcare facilities and sanitation infrastructure, which saw increased demand during the pandemic.

Key Players of the Market

The India vinyl ester resin market includes major chemical companies with expertise in producing high-performance resins. Key players such as Hexion Inc., Ashland Global Holdings Inc., and AOC LLC are renowned for their comprehensive portfolios of vinyl ester resins used in corrosion-resistant applications. These companies serve industries such as chemical processing, oil and gas, marine, and automotive. Additionally, local manufacturers and distributors also contribute to the market, providing vinyl ester resins for niche applications and specific customer requirements.

Key Highlights of the Report:

• India Vinyl Ester Resin Market Outlook
• Market Size of India Vinyl Ester Resin Market, 2024
• Forecast of India Vinyl Ester Resin Market, 2031
• Historical Data and Forecast of India Vinyl Ester Resin Revenues & Volume for the Period 2021-2031
• India Vinyl Ester Resin Market Trend Evolution
• India Vinyl Ester Resin Market Drivers and Challenges
• India Vinyl Ester Resin Price Trends
• India Vinyl Ester Resin Porter's Five Forces
• India Vinyl Ester Resin Industry Life Cycle
• Historical Data and Forecast of India Vinyl Ester Resin Market Revenues & Volume By Type for the Period 2021-2031
• Historical Data and Forecast of India Vinyl Ester Resin Market Revenues & Volume By Flame Retardant Epoxy Vinyl Ester for the Period 2021-2031
• Historical Data and Forecast of India Vinyl Ester Resin Market Revenues & Volume By Flexible Epoxy Vinyl Ester for the Period 2021-2031
• Historical Data and Forecast of India Vinyl Ester Resin Market Revenues & Volume By Phenolic Epoxy Vinyl Ester for the Period 2021-2031
• Historical Data and Forecast of India Vinyl Ester Resin Market Revenues & Volume By Bisphenol A Vinyl Ester for the Period 2021-2031
• Historical Data and Forecast of India Vinyl Ester Resin Market Revenues & Volume By Others for the Period 2021-2031
• Historical Data and Forecast of India Vinyl Ester Resin Market Revenues & Volume By Application for the Period 2021-2031
• Historical Data and Forecast of India Vinyl Ester Resin Market Revenues & Volume By FRP Products for the Period 2021-2031
• Historical Data and Forecast of India Vinyl Ester Resin Market Revenues & Volume By Anti-corrosion Coating for the Period 2021-2031
• Historical Data and Forecast of India Vinyl Ester Resin Market Revenues & Volume By Others for the Period 2021-2031
• India Vinyl Ester Resin Import Export Trade Statistics
• Market Opportunity Assessment By Type
• Market Opportunity Assessment By Application
• India Vinyl Ester Resin Top Companies Market Share
• India Vinyl Ester Resin Competitive Benchmarking By Technical and Operational Parameters
• India Vinyl Ester Resin Company Profiles
• India Vinyl Ester Resin Key Strategic Recommendations