Flexible Epoxy Resin Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 5.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Flexible Epoxy Resin Market Analysis
The global market for flexible epoxy resin is expected to grow at a CAGR of more than 5% during the forecast period. Major factors driving the market studied are growing demand from the construction industry and increasing demand for electrical and electronics during the forecast period. On the flip side, unfavorable conditions arising due to the COVID-19 outbreak is hindering the growth of the market.
Paints & coatings application is expected to dominate the market studied during the forecast period.
Asia-Pacific region is expected to dominate the global flexible epoxy resin market and is also forecasted to be the fastest-growing market over the forecast period.
Flexible Epoxy Resin Market Trends
This section covers the major market trends shaping the Flexible Epoxy Resin Market according to our research experts:
Increasing Demand from Paints & Coatings Application
- Flexible epoxy resin, owing to its properties such as toughness, high strength and elongation rate, high bonding properties, fast curing, high-temperature durability, and moisture-resistant reliability among others, are used in the production of paints & coatings, which are employed in the building and construction industry.
- The consumption of paints & coatings is increasing, with the increase in investments in the construction sector all over the world.
- According to a study by the Institution of Civil Engineers (ICE), the global construction industry is expected to reach a value of USD 8 trillion by 2030, primarily driven by countries such as China, India, and the United States.
- Apart from these, governments of many countries are taking initiatives to increase construction investments in recent times. According to the United Nations, by 2050, two-thirds of the world's population is expected to live in urban areas, and Asia is likely to be the fastest-growing region. In 2050, Asia is expected to witness urban growth by around 64%.
- Many countries in the Asia-Pacific region, such as Singapore, Myanmar, Thailand, South Korea, Hong Kong, and India, are emerging as the fastest countries, where the largest number of smart cities are present.
- Hence, the construction sector is witnessing strong growth, the demand for paints & coatings in expected to increase, which is further driving the demand for flexible epoxy resins in coming years.
Asia-Pacific Region to Dominate the Market
- Asia-Pacific region is expected to dominate the global flexible epoxy resin market and is also forecasted to be the fastest-growing market over the forecast period.
- The Asia-Pacific construction sector is the largest in the world and is increasing at a healthy rate, owing to the rising population, increase in middle-class income and urbanization.
- Additionally, increasing infrastructure construction activity is one of the major drivers for the Asia-Pacific construction sector.
- According to the Asian Development Bank, the region needs USD 1.7 trillion per year of infrastructural investment by 2030, to keep pace with its economic growth.
- Additionally, the electronics industry in the region has also been increasing due to the growing demand from consumers across the world. China represents the world's largest electronics production base and offers a tough competition to existing upstream producers, like South Korea, Singapore, and Taiwan.
- Japan has one of the major electrical and electronic industry in the world and is a main competitor to the United States, in terms of semiconductor manufacturing, and is home to Sony and Toshiba, which are global leading companies in the electronics industry.
- Therefore, the demand for flexible epoxy resins from various applications is expected to grow in Asia-Pacific region during the forecast period.
Flexible Epoxy Resin Industry Overview
The global flexible epoxy resin market is partially consolidated with many healthy competitors in the market. The major companies are DIC Corporation, Dow, Hexion, Olin Corporation, and KUKDO Chemical (Kunshan) Co., Ltd. among others.
Flexible Epoxy Resin Market Leaders
DIC Corporation
Dow
Hexion
Olin Corporation
KUKDO Chemical (Kunshan) Co., Ltd.
*Disclaimer: Major Players sorted in no particular order
Flexible Epoxy Resin Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Drivers
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4.1.1 Growing Demand from Construction Industry
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4.1.2 Increasing Demand for Electrical and Electronics
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4.2 Restraints
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4.2.1 Unfavorable Conditions Arising Due to COVID-19 Outbreak
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4.2.2 Other Restraints
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4.3 Industry Value Chain Analysis
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4.4 Porters Five Forces Analysis
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4.4.1 Bargaining Power of Suppliers
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4.4.2 Bargaining Power of Consumers
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4.4.3 Threat of New Entrants
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4.4.4 Threat of Substitute Products and Services
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4.4.5 Degree of Competition
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5. MARKET SEGMENTATION
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5.1 Type
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5.1.1 Urethane Modified
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5.1.2 Rubber Modified
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5.1.3 Dimmer Acid Modified
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5.2 Application
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5.2.1 Electrical & Electronics
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5.2.2 Adhesives
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5.2.3 Composites
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5.2.4 Paints & Coatings
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5.2.5 Others
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5.3 Geography
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5.3.1 Asia-Pacific
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5.3.1.1 China
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5.3.1.2 India
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5.3.1.3 Japan
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5.3.1.4 South Korea
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5.3.1.5 Rest of Asia-Pacific
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5.3.2 North America
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5.3.2.1 United States
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5.3.2.2 Canada
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5.3.2.3 Mexico
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5.3.3 Europe
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5.3.3.1 Germany
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5.3.3.2 United Kingdom
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5.3.3.3 Italy
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5.3.3.4 France
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5.3.3.5 Rest of Europe
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5.3.4 South America
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5.3.4.1 Brazil
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5.3.4.2 Argentina
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5.3.4.3 Rest of South America
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5.3.5 Middle-East and Africa
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5.3.5.1 Saudi Arabia
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5.3.5.2 South Africa
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5.3.5.3 Rest of Middle-East and Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
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6.2 Market Share (%)/Ranking Analysis**
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6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
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6.4.1 Conren Limited
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6.4.2 DIC Corporation
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6.4.3 Dow
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6.4.4 Easy Composites
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6.4.5 EPOXONIC
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6.4.6 Hexion
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6.4.7 INTERTRONICS
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6.4.8 KUKDO Chemical (Kunshan) Co., Ltd.
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6.4.9 LymTal International, Inc.
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6.4.10 Mereco Technologies
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6.4.11 Nan Ya Plastic Corporation
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6.4.12 Olin Corporation
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6.4.13 Resintech Limited
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6.4.14 Sicomin Epoxy Systems
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Flexible Epoxy Resin Industry Segmentation
The Flexible Epoxy Resin market report includes:
| Type | |
| Urethane Modified | |
| Rubber Modified | |
| Dimmer Acid Modified |
| Application | |
| Electrical & Electronics | |
| Adhesives | |
| Composites | |
| Paints & Coatings | |
| Others |
| Geography | |||||||
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Flexible Epoxy Resin Market Research FAQs
What is the current Flexible Epoxy Resin Market size?
The Flexible Epoxy Resin Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in Flexible Epoxy Resin Market?
DIC Corporation, Dow, Hexion, Olin Corporation and KUKDO Chemical (Kunshan) Co., Ltd. are the major companies operating in the Flexible Epoxy Resin Market.
Which is the fastest growing region in Flexible Epoxy Resin Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Flexible Epoxy Resin Market?
In 2024, the Asia Pacific accounts for the largest market share in Flexible Epoxy Resin Market.
What years does this Flexible Epoxy Resin Market cover?
The report covers the Flexible Epoxy Resin Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Flexible Epoxy Resin Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Flexible Epoxy Resin Industry Report
Statistics for the 2024 Flexible Epoxy Resin market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Flexible Epoxy Resin analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
