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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Flexible Epoxy Resin Market Outlook
The global flexible epoxy resin market attained a value of above USD 672.50 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 6.7% to reach more than USD 1,208.87 billion by 2032.
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Rising Demand for Rubber Modified Epoxy Resin to Bolster the Growth of the Flexible Epoxy Resin Industry
Based on type, the rubber modified segment accounts for a significant share in the market and is anticipated to witness a considerable growth in the forecast period. Rubber modified epoxy resins are tough and are widely utilised in industrial applications, which is propelling the market growth. The growing use of rubber modified epoxy resins as an adhesive in the building and construction industry owing to its favourable mechanical properties is likely to bolster the growth of this segment.
The Asia Pacific Accounts for a Significant Share in the Market for Flexible Epoxy Resin
The market for flexible epoxy resin in the Asia Pacific is being driven by the thriving automotive industry in India, China, Japan, and South Korea, among others. The growing preference towards the use of lightweight composite materials by automobile manufacturers to bolster the design and flexibility of vehicles is propelling the market growth. The demand for the product is anticipated to further be propelled by the rising cases of vehicular accidents owing to traffic congestions. As flexible epoxy resin reduces the vehicular weight while enhancing the strength of the vehicle, its demand to safeguard passengers in case of accidents is surging. The market in the region is projected to be further aided by the growing expansion of the major epoxy resin manufacturers in the region, which is predicted to significantly contribute to the market expansion in the forecast period.
Flexible Epoxy Resin Market Segmentation
Flexible epoxy resin is defined as a flexible resin that is procured by the copolymerisation of an epoxide with another compound having two hydroxyl groups. It is a type of reactive prepolymer and is generally used in the coatings and adhesives industries.
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Based on type, the market is segmented into:
- Urethane Modified
- Rubber Modified
- Dimmer Acid Modified
The significant applications of flexible epoxy resin include:
- Electrical and Electronics
- Adhesives
- Composites
- Paints and Coatings
- Others
The EMR report looks into the regional markets of flexible epoxy resin like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Rising Applications of Flexible Epoxy Resins in Various End-Use Sectors to Boost the Market Growth
The global market for flexible epoxy resin is being driven by the rising applications of the product in the paints and coatings industry. This can be attributed to the rising demand for paints and coatings in the building and construction, automotive, power generation and electrical and electronics sectors. Among these sectors, the building and construction sector accounts for a considerable share. As epoxy resins offer stronger mechanical performance and have high tensile and flexural strength, it is extensively deployed in the construction and building industry to keep a structure intact, which is propelling the market growth. Over the forecast period, the growing urbanisation and infrastructure development are likely to augment the market growth.
Key Industry Players in the Global Flexible Epoxy Resin Market
The report gives a detailed analysis of the following key players in the global flexible epoxy resin market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Conren Limited
- DIC Corporation
- The Dow Chemical Company
- EPOXONIC GmbH
- Hexion Inc.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
Flexible Epoxy Resin Market Report Snapshots
Flexible Epoxy Resin Market Size
Flexible Epoxy Resin Market Growth
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global flexible epoxy resin market attained a value of more than USD 672.50 billion.
The market is estimated to grow at a CAGR of 6.7% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach over USD 1,208.87 billion by 2032.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major drivers of the market include the rising applications of the product in the building and construction and automotive sectors and the growing awareness regarding the high flexibility and strength of the product.
The rising investments aimed towards improving the infrastructure of emerging economies, the rising demand for flexible epoxy resins in the paints and coatings industry, and rapid urbanisation are expected to bolster the growth of the industry.
Urethane modified, rubber modified, and dimmer acid modified are the major types of flexible epoxy resin in the market.
Electrical and electronics, adhesives, composites, and paints and coatings, among others, are the significant applications of the product.
The major players in the industry are Conren Limited, DIC Corporation, The Dow Chemical Company, EPOXONIC GmbH, and Hexion Inc., among others.
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