Flexible Epoxy Resin Market Size (2024 - 2029)

The flexible epoxy resin market is anticipated to experience significant growth, driven by increasing demand from the construction and electrical and electronics sectors. Despite challenges posed by the COVID-19 pandemic, the market's expansion is supported by the dominance of the paints and coatings application. The Asia-Pacific region is projected to lead in terms of market size and is expected to be the fastest-growing area during the forecast period.

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Market Size of Flexible Epoxy Resin Industry

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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

Flexible Epoxy Resin Market 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 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
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Flexible Epoxy Resin Market Size Summary

The flexible epoxy resin market is poised for significant growth, driven by increasing demand from the construction and electronics sectors. This growth is primarily attributed to the resin's desirable properties, such as toughness, high strength, and moisture resistance, making it ideal for use in paints and coatings. These coatings are essential in the construction industry, which is experiencing a surge in investment globally. The Asia-Pacific region is expected to lead this market expansion, fueled by rapid urbanization, infrastructure development, and a burgeoning electronics industry. Countries like China, India, and the United States are at the forefront of this construction boom, with substantial investments anticipated in the coming years.

The Asia-Pacific region is not only expected to dominate the flexible epoxy resin market but also to be the fastest-growing area during the forecast period. The region's construction sector is the largest globally, supported by rising population, increased middle-class income, and urbanization. Additionally, the electronics industry in Asia-Pacific is expanding due to heightened consumer demand, with China being a major player in electronics production. This growth in various applications is anticipated to drive the demand for flexible epoxy resins, making the region a key focus for market participants. The market is partially consolidated, with major companies like DIC Corporation, Dow, Hexion, Olin Corporation, and KUKDO Chemical playing significant roles.

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Flexible Epoxy Resin Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Growing Demand from Construction Industry

      2. 1.1.2 Increasing Demand for Electrical and Electronics

    2. 1.2 Restraints

      1. 1.2.1 Unfavorable Conditions Arising Due to COVID-19 Outbreak

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porters Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 Type

      1. 2.1.1 Urethane Modified

      2. 2.1.2 Rubber Modified

      3. 2.1.3 Dimmer Acid Modified

    2. 2.2 Application

      1. 2.2.1 Electrical & Electronics

      2. 2.2.2 Adhesives

      3. 2.2.3 Composites

      4. 2.2.4 Paints & Coatings

      5. 2.2.5 Others

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 Italy

        4. 2.3.3.4 France

        5. 2.3.3.5 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Middle-East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Rest of Middle-East and Africa

Flexible Epoxy Resin Market Size FAQs

The Flexible Epoxy Resin Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)

DIC Corporation, Dow, Hexion, Olin Corporation and KUKDO Chemical (Kunshan) Co., Ltd. are the major companies operating in the Flexible Epoxy Resin Market.

Flexible Epoxy Resin Market Report Snapshots

Flexible Epoxy Resin Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)