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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
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 Report Snapshots
Flexible Epoxy Resin Market Size
Flexible Epoxy Resin Market Growth
Flexible Epoxy Resin Market Regional Analysis
Flexible Epoxy Resin Companies
*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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