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Flexible Epoxy Resins Market to Record an Exponential CAGR By 2025
There are various types of flexible epoxy resins are available in the market which include urethane modified, rubber modified and dimer acid etc.
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There has been a significant growth in the paints & coatings industry in the developing countries over the recent past. Paints and coatings industry includes decorative paints, which are largely used for commercial and residential purposes and industrial paints, which are used across end-use industries such as railways, automotive, and marine, etc. Coatings with excellent low temperature flexibility, generally consists of about 80% content of the epoxy resin. Combination of awareness regarding environmental issues and harmful industrial processes and also depleting petroleum-based resources has impelled research in developing materials from renewable resources. Thus, flexible epoxy resins are widely utilized in the paints & coatings industry.
Flexible epoxy resins are widely utilized in the adhesives, sealants, fiber reinforced composites and the electronics industry owing to their outstanding surface properties like ease of cure, low shrinkage and possessing good moisture and excellent adhesion performances.
Introduction of bio-based flexible epoxy resins in the market is one of the key trends identified in the global flexible epoxy resins market over the forecast period. Growing economic and environmental concerns as well as uncertainty that accompanies limited petrochemical resources has caused a rapid increase in the research and development of the bio-based polymers and epoxy resins in the recent years. Commercially epoxy resins are synthesized from cycloaliphatic epoxies, DGEBA or diglycidal ethers of Novolac resins. Renewable natural resources, such as starches and plant oils have attracted interests as building block for the polymers because of their environmental-friendly nature, low costa and their ability to be epoxidized facilely, yielding the bio-based epoxy resins
Global Flexible Epoxy Resins Market: Regional Outlook
Globally, the flexible epoxy resins market is estimated to be dominated by the Asia-Pacific region. Owing to the rising demand from the developing countries such as China and India for the paints & coatings and adhesives application. This, in turn will boost the demand for the flexible epoxy resins in the region over the forecast period. Europe and North America are expected to show moderate growth over the next decade on the flexible epoxy resins market. Middle East & Africa and Latin America are anticipated to grow at a slow growth rate over the near future.
Global Flexible Epoxy Resins Market: Market Participants
Examples of some of the market participants identified across the value chain of the global Flexible Epoxy Resins market include Hexion, KUKDO CHEMICAL (KUNSHAN) CO., LTD., Olin Corporation, Huntsman International LLC, Aditya Birla Chemicals, DIC Corporation, Mitsubishi Chemical Corporation,
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