Flexible Epoxy Resin Market – Global Industry Analysis and Forecast (2023-2029)

Global Flexible Epoxy Resin Market is expected to reach US$ 961.00 Mn. by 2029, at a CAGR of 6.1% during the forecast period.

Increasing demand for flexible epoxy resin across different end-use industries such as automotive, building and construction and paints & coatings among others have been a major factor contributing to the growing demand for this market.

Factors such as increasing use of composites instead of conventional materials and growth in infrastructure expansion activities all over the country are certainly other factors to have a positive impact over the market demand. Contributions of different automotive association and companies, toward Research & Development (R&D) of flexible epoxy resin along with flexible properties of epoxy resin has been a few key factors to boost this marketTo know about the Research Methodology :- Request Free Sample Report

The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.

Based on the type, Urethane segment will form one of the largest segment during the forecast period.  Epoxy resin has widespread applications across building & construction as well as paints & coatings industries where the dimer acid segment will likely have the largest market share.

Consumption of flexible epoxy resin in the paint & coating application is high due to their outstanding properties such as low viscosity, chemical resistance, and superior electrical & mechanical properties. These resins are generally used in primer, undercoating, tank lining, waterproof coating floor coating, civil construction and binder coating.

Asia-Pacific is expected to be the largest market for the flexible epoxy resin. Demand for the flexible epoxy resin is very high in the Asia Pacific due to infrastructure boom in real estate especially in developing economies like China and India. In addition to this, Asia Pacific has formed a strong base for automotive manufacturers, that has wide applications of flexible epoxy resin further contributing to the overall growth of this market.
Flexible Epoxy Resin Market Scope: Inquire before buying



Global Flexible Epoxy Resin Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 634.91 Mn.


Forecast Period 2023 to 2029 CAGR:
6.1%
Market Size in 2029:
US $ 961.00 Mn.


 Segments Covered:
by Type
Rubber Modified
Dimer Acid Modified
Urethane Modified


by Application
Composites
Adhesives
Paints & Coatings
Others


by End Use Industry
Construction
Automotive
Electrical and Electronics



Flexible Epoxy Resin Market, by Region:
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
North America (United States, Canada and Mexico)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Key Players:
1. Olin Corporation (U.S.)
2. Hexion (U.S.)
3. Kukdo Chemical (South Korea)
4. Aditya Birla Chemicals (Thailand)
5. Huntsman Corporation (U.S.)
6. DIC Corporation (Japan)

Frequently Asked Questions:

1. Which region has the largest share in Global Flexible Epoxy Resin Market?
Ans: Asia-Pacific region held the highest share in 2022.

2. What is the growth rate of Global Flexible Epoxy Resin Market?
Ans: The Global market is growing at a CAGR of 6.1% during forecasting period 2023-2029.

3. What is the scope of the Global Flexible Epoxy Resin market report?
Ans: Global market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Flexible Epoxy Resin market?
Ans: The important key players in the Global market are – Olin Corporation (U.S.), Hexion (U.S.), Kukdo Chemical (South Korea), Aditya Birla Chemicals (Thailand), Huntsman Corporation (U.S.), and DIC Corporation

5. What is the study period of this market?
Ans: The Global market is studied from 2022 to 2029.