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  • Flexible Epoxy Resin Market Growth Analysis | 2023-2028

    Flexible Epoxy Resin Market Growth Analysis | 2023-2028

    Flexible Epoxy Resin Market Growth Analysis | 2023-2028
    Report code - SRAM165 Delivery - 2 Weeks
    Flexible Epoxy Resin Market Size, Share, Trends, Forecast, & Growth Analysis - 20 See more...

    Market Insights

    The flexible epoxy resin market was estimated at USD 613.08 million in 2022 and is likely to grow at a CAGR of 6.3% during 2023-2028 to reach USD 887.03 million in 2028.

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    What is flexible epoxy resin?

    Flexible epoxy resin is a versatile polymer material known for its pliability and resilience. Unlike traditional epoxy resins, this variant maintains its elasticity after curing, making it ideal for applications requiring flexibility and impact resistance. It exhibits excellent adhesion to various surfaces, durability, and resistance to environmental factors. Commonly used in coatings, adhesives, and sealants, flexible epoxy resin finds applications in industries such as automotive, electronics, and construction. Its ability to conform to deformable surfaces and endure mechanical stress makes it a valuable choice for projects demanding both strength and flexibility.

    Flexible Epoxy Resin Market Report Highlights

    Market Size in 2022

    USD 613.08 million

    Market Size in 2028

    USD 887.03 million

    Market Growth (2023-2028)

    6.3% CAGR

    Base Year of Study

    2022

    Trend Period

    2017-2021

    Forecast Period

    2023-2028

    Market Dynamics

    This represents an attractive growth opportunity in the entire ecosystem of the market. Organic growth in the automobile production and construction industries, owing to rising urbanization and increasing disposable income; increasing demand for FER-based adhesives and paints & coatings in the automotive and construction industries; and excellent properties of flexible epoxy resin, such as low viscosity with higher solids, wear resistance, prolonged flexibility, and toughness are some of the major factors that the proliferating the growth of flexible epoxy resins in various applications.

    Flexible-Epoxy-Resin-Market-Dynamics

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    Segment Analysis

    By Type

    The flexible epoxy resin market is segmented based on the type as Thermoplastic Modified, Elastomer Modified, Dimer Acid Modified, and Others. The Thermoplastic-modified segment is expected to remain the growth engine of the flexible epoxy resin market during the forecast period. Increasing penetration of composite materials in the aerospace, automotive, and construction industries and an increased preference for urethane-modified FERs in the automotive and construction industries, owing to their excellent properties including low viscosity, chemical resistance, wear resistance, and mechanical properties, are driving the demand for thermoplastic-modified FERs.

    By Application Type

    Based on the application type, the market is segmented as Paints & Coatings, Composites, Adhesives, and Others. The paints & coatings segment is expected to remain the most dominant application type in the market during the forecast period. Rapid urbanization and growing population along with excellent properties of flexible epoxy resins, such as improved toughness and flexibility, will continue to drive the demand for FERs in the paints & coatings segment. The composites segment is likely to witness the highest growth during the forecast period, driven by an increased penetration of composite materials in the automotive, aerospace, and construction industries; and a greater acceptance of FERs with composite parts.

    Regional Insights

    Asia-Pacific is expected to remain the largest flexible epoxy resin market during the forecast period. The region is also likely to experience healthy growth during the same period. High annual automobile production along with growing infrastructure activities in the developing economies, especially China and India, is primarily driving the demand for flexible epoxy resin in the region. China is expected to maintain its dominance in the Asia-Pacific market over the next five years. Europe and North America are the other two major flexible epoxy resin markets and will likely exhibit healthy growth rates over the next five years.

    Flexible-Epoxy-Resin-Market-Regional-Insights

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    Critical Questions Answered in the Report

    • What are the key trends in the market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
    • What is the impact of COVID-19 on the market? 
    • What are the key strategies adopted by the major vendors to lead in the market?
    • What is the market share of the top vendors?

    Market Segmentation

    This report studies the market covering 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

    The flexible epoxy resin market is segmented in the following ways.

    By Type

    • Thermoplastic Modified
    • Elastomer Modified
    • Dimer Acid Modified
    • Others

    By Application Type

    • Paints & Coatings
    • Composites
    • Adhesives
    • Others

    By Region

    • North America (Country Analysis: The USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, The UK, Italy, Russia, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Country Analysis: Brazil, Argentina, and Others)

    Flexible-Epoxy-Resin-Market-Segmentation

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    Key Players

    The supply chain of this market comprises raw material suppliers, flexible epoxy resin manufacturers, formulators, dealers & distributors, and end users.

    The key flexible epoxy resin manufacturers are-

    • Olin Corporation
    • Kukdo Chemicals
    • Hexion, Inc.
    • Aditya Birla Chemicals
    • DIC Corporation
    • Huntsman Corporation
    • Nan Ya Plastic Corporation.

    Capacity expansion and the formation of strategic alliances are the key strategies adopted by the major players to gain a competitive edge in the market.

    Research Methodology

    For calculating the market size, our analysts follow either a Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

    We leverage a multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentations, white papers, and articles to gather the data.

    More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the Flexible Epoxy Resin Market

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market Segment Analysis and Forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirements?

    10% free customization

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Regional Segmentation

    • Current market size (2022) of flexible epoxy resin market in any of the North American country by type.

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

    Custom Research: Stratview Research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    Flexible epoxy resin is a versatile polymer material known for its pliability and resilience. Unlike traditional epoxy resins, this variant maintains its elasticity after curing, making it ideal for applications requiring flexibility and impact resistance. It exhibits excellent adhesion to various surfaces, durability, and resistance to environmental factors. Commonly used in coatings, adhesives, and sealants, flexible epoxy resin finds applications in industries such as automotive, electronics, and construction. Its ability to conform to deformable surfaces and endure mechanical stress makes it a valuable choice for projects demanding both strength and flexibility.

    The flexible epoxy resin market was estimated at USD 613.08 million in 2022.

    The flexible epoxy resin market is likely to reach USD 887.03 million in 2028.

    The flexible epoxy resin market is expected to witness an impressive growth of 6.3% CAGR during 2023-2028.

    Olin Corporation, Kukdo Chemicals, Hexion, Inc., Aditya Birla Chemicals, DIC Corporation, Huntsman Corporation, and Nan Ya Plastic Corporation. are among the key players in the market.

    Asia-Pacific is expected to remain the largest market during the forecast period of 2023-2028.

    Thermoplastic-modified segment is expected to remain the growth engine of the market.

    Rising urbanization and increasing disposable income; increasing demand for FER-based adhesives and paints & coatings in the automotive and construction industries are some of the factors driving the growth of the market.