Global Flexible Epoxy Resin Market – Latest Trends, Forecast, and Opportunity Analysis
The Global Flexible Epoxy Resin Market Growth and
Forecast:
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.
Flexible Epoxy Resin Market: by Type
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.
Flexible Epoxy Resin Market: by Application Type
Based on the application type, the flexible epoxyresin 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.
Flexible Epoxy Resin Market: by Region
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.
Flexible Epoxy Resin Market: Key Players and Thier
Strategies
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.
For more information, contact
Stratview Research
Email: sales@stratviewresearch.com
Direct: +1-313-307-4176
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