Flexible Epoxy Resin Market Growth Analysis | 2023-2028

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.

Want to know more about the market scope? Register Here

Market Dynamics

Introduction

Flexible epoxy resin is a versatile polymer material known for its flexibility 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.

Market Drivers

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.

Want to have a closer look at this market report? Click Here.

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.

Note: The above list does not necessarily include all the top players in the market.

Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com

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.

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 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 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.

Know the high-growth countries in this report. Click Here

Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects flexible epoxy resin market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• This report offers high-quality insights and is 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.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts 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. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

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)

Click Here, to learn the market segmentation details.

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.