Global Flexible Epoxy Resin Market 2023

Global Flexible Epoxy Resin Market 2023

Description
Flexible epoxy resin is a type of reactive prepolymer obtained by the copolymerization of an epoxide with another compound containing two hydroxyl groups. It is commonly used in industries such as coatings, adhesives, composites, sealants, and flooring products. Flexible epoxy resins offer properties like high gloss, durability, protection, mechanical strength, adhesion to metals, and heat resistance.

According to the latest data, the market size of the global flexible epoxy resin sector is expected to rise by USD 302.4 million with a CAGR of 6.28% by the end of 2029. Flexible epoxy resins have established themselves as indispensable materials in the construction industry, finding diverse applications across adhesives, paints, plastics, coatings, primers, sealants, and flooring. This versatile range of uses is driven by the robust growth witnessed in the construction sector, particularly in housing and infrastructure projects, which has fueled the demand for flexible epoxy resin.

Furthermore, the automotive industry stands as a prominent driver behind the rising demand for flexible epoxy resins. This industry relies extensively on these resins for various applications including coatings, adhesives, and composites. The appeal lies in the exceptional properties offered by flexible epoxy resins, such as anti-corrosion capabilities, compatibility with filler materials, thermal and electrical conductivity, mechanical strength, and lightweight characteristics. Given the continued expansion of the automotive industry, the demand for flexible epoxy resins in automotive applications is expected to witness significant growth.

The report covers market size and growth, segmentation, regional breakdowns, competitive landscape, trends and strategies for global flexible epoxy resin market. It presents a quantitative analysis of the market to enable stakeholders to capitalize on the prevailing market opportunities. The report also identifies top segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Market Segmentation
Product: urethane modified, rubber modified, dimer acid
Application: primer, composites, adhesives, semiconductor, electrical laminate, others
End user: paints and coatings, construction, automotive, electrical and electronics, military and defense, others
Region: Asia-Pacific, Europe, North America, Middle East and Africa (MEA), South America

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the product, application, end user, and region. The global market for flexible epoxy resin can be segmented by product: urethane modified, rubber modified, dimer acid. The urethane modified segment was the largest contributor to the global flexible epoxy resin market in 2022. Flexible epoxy resin market is further segmented by application: primer, composites, adhesives, semiconductor, electrical laminate, others. According to the research, the primer segment had the largest share in the global flexible epoxy resin market. Based on end user, the flexible epoxy resin market is segmented into: paints and coatings, construction, automotive, electrical and electronics, military and defense, others. The paints and coatings segment held the largest revenue share in 2022. On the basis of region, the flexible epoxy resin market also can be divided into: Asia-Pacific, Europe, North America, Middle East and Africa (MEA), South America. Globally, Asia-Pacific made up the largest share of the flexible epoxy resin market.

Major Companies and Competitive Landscape
The report explores the recent developments and profiles of key vendors in the Global Flexible Epoxy Resin Market, including Aditya Birla Capital Limited (ABCL), Atul Limited, DIC Corporation, Emerald Performance Materials LLC, Hexion Inc., Huntsman Corporation, Kukdo Chemical Co., Ltd., Olin Corporation, among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.

Scope of the Report
To analyze and forecast the market size of the global flexible epoxy resin market.
To classify and forecast the global flexible epoxy resin market based on product, application, end user, region.
To identify drivers and challenges for the global flexible epoxy resin market.
To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global flexible epoxy resin market.
To identify and analyze the profile of leading players operating in the global flexible epoxy resin market.

Why Choose This Report
Gain a reliable outlook of the global flexible epoxy resin market forecasts from 2023 to 2029 across scenarios.
Identify growth segments for investment.
Stay ahead of competitors through company profiles and market data.
The market estimate for ease of analysis across scenarios in Excel format.
Strategy consulting and research support for three months.
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