.The new report by Expert Market Research titled, ‘Global Flexible Epoxy Resin Market Size, Report and Forecast 2023-2028’, gives an in-depth analysis of the Global Flexible Epoxy Resin market, assessing the market based on its segments like type, applications and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2018-2028)
Historical Market Size (2021): USD 591.8 billion
Forecast CAGR (2023-2028): 6.6%
Forecast Market Size (2027): USD 878.20 billion
According to type, the rubber modified segment holds a substantial proportion of the market. And is expected to rise significantly over the forecast period. Rubber modified epoxy resins are durable and widely used. Also in industrial applications, which is fueling market expansion. The increasing usage of rubber modified epoxy resins as an adhesive. The booming automotive industries in India, China, Japan. All are driving the market for flexible epoxy resin in Asia Pacific.
Industry Definition and Major Segments
A flexible epoxy resin is defined as a flexible resin obtained by copolymerizing an epoxide with a compound with two hydroxyl groups. It’s a reactive prepolymer that’s commonly used in the coatings and adhesives industries.
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Based on type, the market can be broadly divided into:
Urethane Modified
Rubber Modified
Dimmer Acid Modified
Market segmentation based on significant applications:
Electrical and Electronics
Adhesives
Composites
Paints and Coatings
Others
On the Basis of region, the market can be divided into:
North America
Europe
Asia Pacific
Latin America
The Middle East and Africa
Market Trends
The growing use of flexible epoxy resin in the paints and coatings industry is driving the global market for the product. The building and construction sector accounts for a significant portion of these industries.
Key Market Players
The major players in the market are Conren Limited, DIC Corporation The Dow Chemical Company, EPOXONIC GmbH, Hexion Inc. and Others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players
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