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Global Flexible Epoxy Resin Market to Grow at a CAGR of 6.6% During 2022-2027, Aided by the Growing Demand from Various Application Sectors

According to a new report by EMR titled, ‘Global Flexible Epoxy Resin Market Report and Forecast 2022-2027’, the market attained a value of more than USD 591.8 billion in 2021. The market is further expected to grow at a CAGR of 6.6% between 2022 and 2027 to reach over USD 878.20 billion by 2027.

The flexible epoxy resin industry is driven by the rising product demand for various applications, including paints and coatings and electronics. This can be attributed to the various properties of flexible epoxy resin including toughness, improved bonding properties, high strength and elongation rate, high-temperature durability, and moisture resistance, among others. The product is widely used in the production of paints and coatings, which are further utilised in the building and construction sector. Over the forecast period, the market is likely to be propelled by the rapid development of residential and commercial infrastructure, globally. Some of the major players in the market include Dow Inc. (NYSE: DOW) and DIC Corporation, among others. DIC Corporation offers various products including TSR-960, TSR-601, and others under its flexible epoxy resin lineup EPICLON for applications that demand impact strength, like adhesives.

Epoxy technology serves as a fundamental building block for product development and innovations across diverse industries around the world. The market players including Dow are making significant investments to apply advanced epoxy chemistry to meet critical material challenges across broad and diverse sectors like energy, transportation, electronics, and infrastructure.

In terms of region, the Asia Pacific accounts for a significant share of the market owing to the robust growth of the construction sector, which can be attributed to the rapid urbanisation and industrialisation across the region. Moreover, the technological advancements in the electrical and electronics sector in emerging nations like India and China are anticipated to provide a further impetus to the market in the coming years.

Market Breakup by Type, Application, and Region:

  • The market is segmented based on type into urethane modified, rubber modified, and dimmer acid modified.
  • The different applications of the product include electrical and electronics, adhesives, composites, and paints and coatings, among others. 
  • Region-wise, the global market for flexible epoxy resin can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global market for flexible epoxy resin is being driven by the rising demand for the product in paints and coatings applications.
  • The growth of the building and construction sector and the subsequent rise in the demand for paints and coatings and adhesives are likely to bolster the market growth in the coming years.
  • The market is anticipated to be augmented by the increasing demand for flexible, strong, and lightweight components across diverse end use sectors.
  • The market is expected to be further aided by the rising investments by the market players to enhance their product portfolio and widen their global reach.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for flexible epoxy resin for the periods (2017-2021) and (2022-2027). 
  • The report also offers historical (2017-2021) and forecast (2022-2027) market information for the types, applications, and major regions of flexible epoxy resin.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global flexible epoxy resin market are Conren Limited, DIC Corporation, The Dow Chemical Company, EPOXONIC GmbH, and Hexion Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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