Flexible Epoxy Resin (FER) Market projected to grow at a CAGR of 6.3% in the forecast period (2018-2023)

Stratview Research’s report states about the segment-wise current market condition, and also offers an estimation about future growths. The report has been generated after accumulating data from various authenticated sources such as journals, white papers, fact book, etc. As per the estimation, Flexible Epoxy Resin (FER) Market is expected to inflate at impressive CAGR by the forecast period (2018-2023).

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Highlights of the Report:
The global flexible epoxy resin market is projected to grow at an impressive CAGR of 6.3% during the period of 2018 to 2023. 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.

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Market Segments:
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 flexible epoxy resin market during the forecast period of 2018 to 2023. Increasing penetration of composite materials in the aerospace, automotive, and construction industries and an increased preference of 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.

Based on the application type, the flexible epoxy resin 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 flexible epoxy resin 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 FERs with composite parts.

Asia-Pacific is expected to remain the largest flexible epoxy resin market during the forecast period of 2018 to 2023. The region is also likely to experience a 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’s market over the next five years. Europe and North America are the other two major flexible epoxy resin markets and will likely to exhibit healthy growth rates over the next five years.

Market 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, and Nan Ya Plastic Corporation. Capacity expansion and formation of strategic alliances are the key strategies adopted by the major players to gain a competitive edge in the market.

Features of the Report
Here are the key features of the report:
• Strategic Segmentation
• Competitive Analysis
• Strategic Growth Opportunities
• Swot Analysis
• Key Players
• Forecast Analysis & Future Growth

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This release was published on openPR.