Research Nester assesses the growth of global flexible epoxy resins market which is anticipated to be on account of the growing shift of people in urban area in the search of employment and better living conditions.
New York – October 10, 2022 - Research Nester’s recent market research analysis on “Flexible Epoxy Resins Market: Global Demand Analysis & Opportunity Outlook 2035” delivers a detailed competitors analysis and a detailed overview of the in terms of global flexible epoxy resins market segmentation by type, application and by region.
Growing Residential Construction Activities to Boost Growth of Global Flexible Epoxy Resins Market
The global flexible epoxy resins market is estimated to grow on account of growing residential construction activities. In 2022, the Indian government hoped that every Indian would have a house to call their own, with 10 million rural homes and 10 million urban dwellings ready by that time. It is anticipated that rising residential construction projects would help the global market for flexible epoxy resins expand. FER had been used frequently with concrete and cementitious systems. They work in the production of flooring, adhesives, sealants, coatings, composites, and other crucial goods for the building and construction sector. Epoxies are renowned for having great adhesion, chemical resistance, and heat resistance in addition to their superior mechanical, thermal, chemical, and electrical insulating properties. Their demand is therefore rising in the construction sector.
Some of the major growth factors and challenges that are associated with the growth of the global flexible epoxy resins market are:
- Surge in Adoption of Eco-Friendly Epoxy Resins
- Rising Investment in Construction Industry
Flexible epoxy resins have a number of negative effects on human health. Inappropriate or non-standard use of these substances may have adverse effects on people, including asthma, skin rashes, headaches, eye damage, nausea, dizziness, slurred speech, confusion, and loss of consciousness. Fully cured epoxies have little health problems, but partially cured and liquid epoxies present a variety of hazards that must be managed as safely as possible. As a result, it is predicted that this factor would slow market expansion.
By application, the global market for flexible epoxy resins is segmented into paints & coatings, adhesives & sealants, composites, and others. Out of these segments, the paints & coatings segment is anticipated to garner the largest revenue of USD 577.9 Million by the end of 2035. Further in the year 2022, the segment generated revenue of USD 265.3 Million. Growing demand for automobiles is the major factor estimated to boost the growth of the segment.
By region, the Asia Pacific flexible epoxy resins market is estimated to generate the highest revenue of USD 732.4 Million by the end of 2035. Further, in the year 2022, the market in this region generated revenue of USD 326.1 Million. Large industrial base and high living standard of the population are the major factors estimated to boost the growth of the market in this region.
This report also provides the existing competitive scenario of some of the key players of the global flexible epoxy resins market which includes company profiling of Olin Corporation, Huntsman International LLC., DIC CORPORATION, EPOXONIC, Jiangsu Sanmu Group Corporation, SPOLCHEMIE, Atul Ltd, Cardolite Corporation, Easy Composites Ltd, Nan Ya Plastics Corporation, Fong Yong Chemical Co., Ltd., Intertronics, Permabond LLC, Lymtal International Inc., Loxeal Srl, Leuna-Harze GmbH, KUKDO CHEMICAL CO., LTD., Westlake Corporation, Aditya Birla Chemicals, Sicomin Epoxy Systems, Mereco Technologies Companies Inc., Resintech Limited, RESOLTECH, The DOW Chemical Company, and others.