The flexible epoxy resin market was expected to be USD 582.9 million in 2018 and is estimated to reach around USD 779.0 million in 2023, with a CAGR of 6.20% for the period 2018 to 2023. Flexible epoxy resins are made by incorporating large groups in the molecular chain that increase distance between crosslinks. These resins offer excellent flexible toughness, high bonding properties, fast curing, durability, moisture resistant reliability, and chemical resistance. They lack hydrolytic stability and strength, hence, are blended as modifiers with other epoxy resins.
Market drivers and restraints:
The rising demand for flexible epoxy resin from the paints & coatings application is driving the growth of the global flexible epoxy resin market. This is attributed to the superior properties that they offer such as high chemical resistance, low viscosity, high durability, and others. These properties are generally employed in floor coating, storage tank linings, primer, and binder coating. The global flexible epoxy resin market is driven by the escalated product demand as composites from construction activities across the world.
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Report segmented as:
By end user:
paints & coatings
electrical & electronics
military & defense
On the basis of geography, the global flexible epoxy resin market is segregated into five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Asia Pacific was leading the global flexible epoxy resin market in 2018 due to the high demand from key end-use industries such as paints & coatings, automotive, and construction in countries such as Japan, India, China, and others.
Important market players:
Some of the key players operating in the global flexible epoxy resin market are Olin Corporation (U.S.), Hexion (U.S.), Kukdo Chemical Co., Ltd. (South Korea), Aditya Birla Chemicals (India), Huntsman International LLC (U.S.), DIC CORPORATION (Japan), Emerald Performance Materials (U.S.), EPOXONIC (Germany), Spolchemie (Czech Republic), Cardolite (U.S.), Atul Ltd. (India), INTERTRONICS (Oxfordshire), Conren Ltd. (U.K), Mereco Technologies (U.S.), and Resoltech (France).
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The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
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