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Pulished Date April, 2021
ID: 8429
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Flexible Epoxy Resin Market by Type (Urethane Modified, Rubber Modified, Dimer Acid), Application (Paints & Coatings, Composites, Adhesives), and Region - Global Forecast to 2026.

Pulished: April, 2021
ID: 8429
Pages: 180

Flexible Epoxy Resin Market Size, Share, Growth Analysis:

The Flexible Epoxy Resin (FER) market was estimated to be worth $ 685.4 million in 2021 and is anticipated to reach $ 854.0 million by 2026, with a CAGR of 6.5% during the forecast period 2021- 2026.

Flexible Epoxy Resin Market are the liquid resins that exhibit the characteristics of high elongation, high reliability and flexible toughness. Some examples of commercially available epoxy resins are modified urethane, modified rubber, dimer acid, etc. It is used in various industries such as paints and coatings, adhesives, composites, electrical laminates, tools, etc. It helps the industry in various ways, such as reducing mechanical stress in the bond line in the adhesive industry. In addition, it is used as an electronic pressure-sensitive device in the electrical industry. Flexible epoxy resins are used to make adhesives, sealants, coatings, composites, and flooring products, which are important parts of the building and construction industry.

Epoxy resin adhesives are used to make laminate woods for decks, walls, roofs and other construction applications, as well as other products that require strong bonds to a variety of substrates such as concrete or wood. These adhesives are more resistant to heat and chemicals than ordinary glues. In coatings, they provide high gloss, durability and protection to the applied surface. In flooring, flexible epoxy resins are used in decorative and high-performance floors, such as terrazzo floors and chip floors. In the automotive industry, flexible epoxy resins are used in coatings, adhesives and composites. In composites, flexible epoxy resins are used in the manufacture of lightweight components for use in structural, exterior and underhood applications. The superior chemical properties of flexible epoxy resins, such as strength, adhesion to metals and heat resistance, allow optimum use in the application of coatings in the automotive industry. These properties facilitate protective actions such as corrosion resistance, scratch resistance and escalating vehicle life. The high adhesive strength and improved properties also allow it to be used in adhesive applications in the automotive industry.

Flexible Epoxy Resin Market Trends:

Leading manufacturers are focusing on working with local players to improve their product offerings, as well as expanding their geographic footprint, is a major trend seen in the market today. One of the major trends identified in the global flexible epoxy resins market during the forecast period is the introduction of bio-based flexible epoxy resins in the market. Growing economic and environmental concerns, along with the uncertainty that accompanies limited petrochemical resources, have led to a rapid increase in research and development of bio-based polymers and epoxy resins in recent years. Commercial epoxy resins are synthesized from cycloaliphatic epoxides, DGEBA or diglycidyl ethers of Novolac resins. Renewable natural resources, such as starches and vegetable oils, have sparked interest as building blocks for polymers due to their environmentally friendly nature, low cost, and ability to break down epoxy easily, producing bio-based epoxy resins.

Recent Developments in the Flexible Epoxy Resin Industry:

In Sept 2021, Allnex, the leading supplier of specialty chemicalsis excited to announce the launch of PHENODUR® PR 616/65B, a new, eco-friendly phenolic resin recommended for interior and exterior can.

Flexible Epoxy Resin Market Drivers

There has been significant growth in the paints and coatings industry in developing countries in recent times. The paint and coatings industry includes decorative paints, which are mainly used for commercial and residential purposes, and industrial paints, which are used in end-use industries such as railroads, automobiles and the navy, etc. Coatings with excellent low-temperature flexibility typically consist of about 80% epoxy resin. The combination of awareness of environmental issues and harmful industrial processes as well as the depletion of petroleum-derived resources has prompted research into the development of materials from renewable resources. Therefore, flexible epoxy resins are widely used in the paint and coating industry. Flexible epoxy resins are widely used in adhesives, sealants, fiber-reinforced composites and in the electronics industry due to their outstanding surface properties such as ease of curing, low shrinkage, good humidity and excellent adhesion properties.

Flexible Epoxy Resin Restraints:

However, specific harmful effects on human health is main factor anticipated to restraint the growth of the global Flexible Epoxy Resin market

Opportunities in the Flexible Epoxy Resin Market :

The welfare of many end-use industries is positively reflected in the global flexible epoxy resins market. For example, the automotive industry is booming in the emerging economies of India and China and hence the call for flexible epoxy resin products such as skid plates, skirts, bumpers, ducts and escalated impact plates and panels. Likewise, the building and construction industry is fueled by rapid urbanization in several countries and escalatingcall for corrosion-resistant metal components. In addition to this, the growing call for electrical and electronic laminates, water-based coatings, flooring and paving, and powder coatings are anticipated to provide traction in the flexible epoxy resin market. On the other hand, the volatility of raw materials and the strict regulations related to epoxy resin production are some of the bottlenecks challenging the thriving global flexible epoxy resin market.

Challenges in the Flexible Epoxy Resin Market:

In addition, direct contact with these chemicals can cause unwanted effects in humans such as lung irritation, asthma, skin irritation, headache, eye damage, nausea, dizziness. , slurred speech, confusion and loss of consciousness. , which are anticipated to hamper the growth of the target market to some extent during the forecast period.

Flexible Epoxy Resin Market Segmentation:

Flexible Epoxy ResinMarket, By Type:

  • Urethane Modified
  • Rubber Modified
  • Dimer Acid

Flexible Epoxy ResinMarket, By Application:

  • Paints & Coatings
  • Composites
  • Adhesives
  • Others (tooling, electrical castings, electrical laminates, and fibers)

Flexible Epoxy Resin Regional Analysis:
The Flexible Epoxy Resin Report includes the segmentation of Regions

  • North America 

  • Europe 

  • Asia Pacific

  • Latin America 

  • Middle East & Africa 

The North American market is estimated to account for the largest revenue share of the global flexible epoxy resins market during the forecast period owing to the escalating call for paints and coatings and application of adhesives in them countries in the region. The European market is anticipated to register the fastest growth rate in terms of turnover due to the high annual production of cars coupled with the growth of infrastructure activities in countries in the region. In addition, Latin America, Middle East and Africa markets are anticipated to register moderate growth rate during the forecast period.

The Asia-Pacific region is anticipated to dominate the global flexible epoxy resins market and is also anticipated to be the fastest-growing market during the forecast period. The construction sector in Asia-Pacific is the largest in the world and growing at a steady pace, due to population growth, rising middle-class incomes and urbanization. In addition, the increase in infrastructure construction activity is one of the main drivers of the construction industry in Asia Pacific. According to the Asian Development Bank, the region needs USD 1.9 trillion per year in infrastructure investments by 2040, to keep pace with its economic growth. In addition, the electronics industry in the region is also on the rise due to the growing call from consumers all over the world. China represents the world's largest electronics production base and offers fierce competition to existing upstream producers such as South Korea, Singapore, and Taiwan. Japan has one of the world's largest electrical and electronic industries and is a major competitor to the United States in semiconductor manufacturing, and is home to Sony and Toshiba, which are global leaders in the industry electronic. Hence, the call for flexible epoxy resins for various applications is anticipated to increase in the Asia-Pacific region during the forecast period.

Flexible Epoxy Resin Market Key Players:

The key players, such as Olin Corporation (U.S.), Hexion (US), Kukdo Chemical (South Korea), Aditya Birla Chemicals (Thailand), Huntsman Corporation (U.S.), and DIC Corporation (Japan), operating in the FER market, adopted both organic as well as inorganic growth strategies between 2013 and 2017 to strengthen their position in the market.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                          

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                               

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market                              

5. Market Segmentation                                              

                5.1 Type                              

                                5.1.1 Introduction           

                                5.1.2 Urethane Modified             

                                5.1.3 Rubber Modified  

                                5.1.4 Dimer Acid              

                                5.1.5 Y-o-Y Growth Analysis, By Type     

                                5.1.6 Market Attractiveness Analysis, By Type   

                                5.1.7 Market Share Analysis, By Type     

                5.2 Application                 

                                5.2.1 Introduction           

                                5.2.2 Paints & Coatings 

                                5.2.3 Composites            

                                5.2.4 Adhesives               

                                5.2.5 Y-o-Y Growth Analysis, By Application         

                                5.2.6 Market Attractiveness Analysis, By Application       

                                5.2.7 Market Share Analysis, By Application        

6. Geographical Analysis                                              

                6.1 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Type

                                                6.1.3.3 By Application

                                                6.1.3.4 By Indication

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Type

                                                6.1.4.3 By Application

                                                6.1.4.4 By Indication

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Type

                                                6.1.5.3 By Application

                                                6.1.5.4 By Indication

                6.2 North America                          

                                6.1.1 Introduction           

                                6.1.2 United States         

                                6.1.3 Canada     

                6.3 Europe                         

                                6.2.1 Introduction           

                                6.2.2 U.K             

                                6.2.3 Spain         

                                6.2.4 Germany 

                                6.2.5 Italy            

                                6.2.6 France       

                6.4 Asia-Pacific                 

                                6.3.1 Introduction           

                                6.3.2 China         

                                6.3.3 India          

                                6.3.4 Japan         

                                6.3.5 Australia   

                                6.3.6 South Korea           

                6.5 Latin America                             

                                6.4.1 Introduction           

                                6.4.2 Brazil          

                                6.4.3 Argentina

                                6.4.4 Mexico     

                                6.4.5 Rest of Latin America          

                6.6 Middle East & Africa                               

                                6.5.1 Introduction           

                                6.5.2 Middle-East            

                                6.5.3 Africa         

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services              

                                7.2.5 Competitive Rivalry within the Industry     

8. Market Leaders' Analysis                                        

                8.1 Cardolite                      

                                8.1.1 Overview 

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 Olin Corporation                       

                8.3 Hexion                          

                8.4 Kukdo Chemical Co., Ltd                       

                8.5 Aditya Birla Chemicals                            

                8.6 Huntsman International LLC                                

                8.7  DIC CORPORATION                                

                8.8 Emerald Performance Materials                        

                8.9 EPOXONIC                  

                8.10 Spolchemie                              

9. Competitive Landscape                                           

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, collaborations and Joint Ventures                         

                9.4 New Product Launches                         

10. Market Outlook and Investment Opportunities                                         

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  • Global,Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of by  type,by application,along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Flexible Epoxy Resin Market By Region, From 2021-2026 ( USD Million )
  2. Global Flexible Epoxy Resin Market By Type, From 2021-2026 ( USD Million )
  3. Global Urethane Modified Market By Region, From 2021-2026 ( USD Million )
  4. Global Rubber Modified Market By Region, From 2021-2026 ( USD Million )
  5. Global Dimer Acid Market By Region, From 2021-2026 ( USD Million )
  6. Global Flexible Epoxy Resin Market By Application, From 2021-2026 ( USD Million )
  7. Global Paints & Coatings Market By Region, From 2021-2026 ( USD Million )
  8. Global Composites Market By Region, From 2021-2026 ( USD Million )
  9. Global Adhesives Market By Region, From 2021-2026 ( USD Million )

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