Press release
Flexible Epoxy Resin Market 2022 Size, Share, Trends, Growth Statistics, Key Regions, Prominent Players and Forecast to 2029
Flexible Epoxy Resin Market Overview:The global flexible epoxy resin market is growing at a significant pace owing to driving factors such as growing demand in the paint and coating industry. Furthermore, increase in consumption in adhesive, sealants, and electronics industries are consequently expected to drive the demand for flexible epoxy resin market. These industries uses flexible epoxy resin due to its excellent surface properties such as ease of cure, low shrinkage & possessing good moisture and outstanding adhesion performances. However, the hazardous effect on health ands environment is projected to hinder the growth of flexible epoxy resin market. Likewise, the environment-friendly nature, low cost, innovations of bio-based flexible epoxy resins may provide a lucrative opportunity for the market players in the near future.
The global flexible epoxy resin market attained a value of above USD 621.2 million in 2020. The market is further expected to grow in the forecast period of 2022-2029 at a CAGR of 3.74% to reach more than USD 864.1 million by 2029.
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Epoxy resins, also known as polyepoxides are a class of reactive prepolymers and polymers. Flexible epoxy resins are the liquid resins which has the characteristics of high elongations, high reliability and flexible toughness. Some examples of epoxy resins available in the market are urethane modified, rubber modified, dimer acid etc.
Flexible Epoxy Resin Market Key Players
The study of the growth of the top market player for in the target sector includes new projects with speculative returns, innovations and study of the accessibility of companies. some of the profiled players are Olin Corporation, Hexion, Kukdo Chemical, Aditya Birla Chemicals, Huntsman Corporation, DIC Corporation, Dow, Aditya Birla Chemicals, Jiangsu Sanmu and Others
Recent Developments
February 22, 2022- Hexion Inc. to Raise Prices for Cardura™ Glycidyl Ester and VeoVa™ Monomers
Hexion Inc. ("Hexion" or the "Company") today announced that it will increase the prices of its Cardura™ Glycidyl Ester and VeoVa™ monomers globally for all products shipped on or after April 1, 2022, or as contract terms allow.
2020-04-30- Kukdo Chemical acquired ACF Business
Kukdo Chemical, now with two of Korea's three major ACF companies, will diversify its business structure and secure mid- to long-term growth engines by strengthening the electrical and electronic materials division.
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Flexible Epoxy Resin Market Segmentation:
Flexible Epoxy Resin Market by Type, 2020-2029, (USD Millions, Kilotons)
Urethane Modified
Rubber Modified
Dimer Acid
Flexible Epoxy Resin Market by Application, 2020-2029, (USD Millions, Kilotons)
Paints & Coatings
Composites
Adhesives
Market Dynamics
Drivers
Increasing demand from building & construction and automotive industries
Increasing use of composites
Restraints
Complicated processing and health hazards associated with the manufacturing of flexible epoxy resins
Opportunities
Rise in use of composites and rapid urbanization in emerging economies
Challenges
Stringent regulatory consents and saturated use in developed economies
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Growth Factors:
Increasing demand from the Flexible Epoxy Resin industries
The growing use of Flexible Epoxy Resin in Chemical and Material Sectors.
Rising demand for products
Technological advancements in production processes
Growing applications in Flexible Epoxy Resin Market
Flexible Epoxy Resin Market Regional Analysis
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Fiberglass Storage Tank (Fiberglass Tank) Professional in these regions, from 2022-2029, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Key Flexible Epoxy Resin Market Trends
- The report identifies, determines, and forecasts the Global Flexible Epoxy Resin Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Flexible Epoxy Resin Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is expected to drive the Growth
- Rising Adoption of Market Segments in the Flexible Epoxy Resin Growth
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Flexible Epoxy Resin Market.
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