Flexible Epoxy Resin Market Report
Flexible Epoxy Resin (FER) Market Size, Share, Trend, Forecast, & Competitive Analysis: 2022-2028 See less
Flexible Epoxy Resin (FER) Market Size, Share, Trend, Forecast, & Competitive Analysis: 2022-2028
Flexible Epoxy Resin (FER) Market is Segmented by Type (Thermoplastic Modified, Elastomer Modified, Dimer Acid Modified, and Others), by Application Type (Paints & Coatings, Composites, Adhesives, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)
The global flexible epoxy resin market is projected to grow from USD 576.75 million in 2021 to USD 885.35 million by 2028 at a CAGR of 6.23% during the period of 2022 to 2028.
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 FER, 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.
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-
Capacity expansion and formation of strategic alliances are the key strategies adopted by the major players to gain a competitive edge in the market.
For calculating the market size, our analysts follow either 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 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 multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentation, 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.
This report, from Stratview Research, studies the flexible epoxy resin market over the trend period 2016 to 2021 and forecast period 2022 to 2028. 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 following are the key features of the report:
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The flexible epoxy resin market is expected to witness an impressive growth of 6.23% CAGR during the forecast period of 2022 to 2028.
The flexible epoxy resin market size is expected to reach USD 885.35 million in 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 2022 to 2028.
Thermoplastic-modified segment is expected to remain the growth engine of the flexible epoxy resin 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.