Flexible Epoxy Resins Market Size & Share, by Type (Urethane Modified, Rubber Modified, Dimer Acid Modified); Application (Paints & Coatings, Adhesives & Sealants, Composites) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2031

  • Report ID: 4694
  • Published Date: Feb 21, 2023
  • Report Format: PDF, PPT
  1. Introduction
    1. Objectives of this Study
    2. Market Definition
    3. Market Size
  2. Research Methodology
    1. Research Process
    2. Primary Research
    3. Secondary Research
  3. Executive Summary
  4. Market Dynamics
    1. Drivers
    2. Challenges
    3. Opportunities
    4. Trends
  5. Impact of COVID-19 on Market
  6. Porter’s Five Forces Analysis
    1. Buyer Bargaining Power
    2. Supplier Bargaining Power
    3. Threat of New Entrants
    4. Threat of Substitutes
    5. Competitive Intensity
  7. Value Chain Analysis
  8. Regulatory Landscape
  9. Macroeconomic Indicators
  10. Competitive Landscape
    1. Market Share Analysis, 2021
    2. Competitive Benchmarking
    3. Company Profiles
      1. Olin Corporation
      2. Huntsman Corporation LLC
      3. DIC Corporation
      4. EPOXONIC
      5. Jiangsu Sanmu Group Corporation
      6. SPOLCHEMIE
      7. Atul Ltd.
      8. Cardolite Corporation
      9. Easy Composites Ltd
      10. Nan Ya Plastic Corporation
      11. Fong Yong Chemical Co., Ltd.
      12. Intertronics
      13. Permabond LLC
      14. Lymtal International Inc.
      15. Loxeal Srl
      16. Leuna-Harze GmbH
      17. Kukdo Chemicals, Co, Ltd.
      18. Westlake Corporation
      19. Aditya Birla Chemicals
      20. Sicomin Epoxy Systems
      21. Mereco Technologies Companies Inc.
      22. Resintech Limited
      23. RESOLTECH
      24. The DOW Chemical Company
  11. Global Flexible Epoxy Resins Market
    1. Market Overview
    2. By Value (USD Million)
    3. By Volume (Thousand Tons)
    4. Global Flexible Epoxy Resins Market Segmentation Analysis 2021-2031
      1. By Type
        1. Urethane Modified 2022-2031F (USD Million, Thousand Tons)
        2. Rubber Modified 2022-2031F (USD Million, Thousand Tons)
        3. Dimer Acid Modified, 2022-2031F (USD Million, Thousand Tons)
      2. By Application
        1. Paints and Coatings, 2022-2031F (USD Million, Thousand Tons)
        2. Adhesives and Sealants, 2022-2031F (USD Million, Thousand Tons)
        3. Composites, 2022-2031F (USD Million, Thousand Tons)
        4. Others, 2022-2031F (USD Million, Thousand Tons)
      3. Global Flexible Epoxy Resins Market by Region
        1. North America, 2022-2031F (USD Million, Thousand Tons)
        2. Europe, 2022-2031F (USD Million, Thousand Tons)
        3. Asia-Pacific, 2022-2031F (USD Million, Thousand Tons)
        4. South America, 2022-2031F (USD Million, Thousand Tons)
        5. Middle East & Africa, 2022-2031F (USD Million, Thousand Tons)
  12. North Flexible Epoxy Resins Market
    1. Market Overview
    2. By Value (USD Million)
    3. By Volume (Thousand Tons)
      1. By Type
        1. Urethane Modified 2022-2031F (USD Million, Thousand Tons)
        2. Rubber Modified 2022-2031F (USD Million, Thousand Tons)
        3. Dimer Acid Modified, 2022-2031F (USD Million, Thousand Tons)
      2. By Application
        1. Paints and Coatings, 2022-2031F (USD Million, Thousand Tons)
        2. Adhesives and Sealants, 2022-2031F (USD Million, Thousand Tons)
        3. Composites, 2022-2031F (USD Million, Thousand Tons)
        4. Others, 2022-2031F (USD Million, Thousand Tons)
      3. Country
        1. US, 2022-2031F (USD Million, Thousand Tons)
        2. Canada, 2022-2031F (USD Million, Thousand Tons)
        3. Mexico, 2022-2031F (USD Million, Thousand Tons)
  13. Europe Flexible Epoxy Resins Market
    1. Market Overview
    2. By Value (USD Million)
    3. By Volume (Thousand Tons)
      1. By Type
        1. Urethane Modified 2022-2031F (USD Million, Thousand Tons)
        2. Rubber Modified 2022-2031F (USD Million, Thousand Tons)
        3. Dimer Acid Modified, 2022-2031F (USD Million, Thousand Tons)
      2. By Application
        1. Paints and Coatings, 2022-2031F (USD Million, Thousand Tons)
        2. Adhesives and Sealants, 2022-2031F (USD Million, Thousand Tons)
        3. Composites, 2022-2031F (USD Million, Thousand Tons)
        4. Others, 2022-2031F (USD Million, Thousand Tons)
      3. Country
        1. UK, 2022-2031F (USD Million, Thousand Tons)
        2. Germany, 2022-2031F (USD Million, Thousand Tons)
        3. France, 2022-2031F (USD Million, Thousand Tons)
        4. Italy, 2022-2031F (USD Million, Thousand Tons)
        5. Russia, 2022-2031F (USD Million, Thousand Tons)
        6. Rest of Europe, 2022-2031F (USD Million, Thousand Tons)
  14. Asia Pacific Flexible Epoxy Resins Market
    1. Market Overview
    2. By Value (USD Million)
    3. By Volume (Thousand Tons)
      1. By Type
        1. Urethane Modified 2022-2031F (USD Million, Thousand Tons)
        2. Rubber Modified 2022-2031F (USD Million, Thousand Tons)
        3. Dimer Acid Modified, 2022-2031F (USD Million, Thousand Tons)
      2. By Application
        1. Paints and Coatings, 2022-2031F (USD Million, Thousand Tons)
        2. Adhesives and Sealants, 2022-2031F (USD Million, Thousand Tons)
        3. Composites, 2022-2031F (USD Million, Thousand Tons)
        4. Others, 2022-2031F (USD Million, Thousand Tons)
      3. Country
        1. China, 2022-2031F (USD Million, Thousand Tons)
        2. Japan, 2022-2031F (USD Million, Thousand Tons)
        3. India, 2022-2031F (USD Million, Thousand Tons)
        4. South Korea, 2022-2031F (USD Million, Thousand Tons)
        5. Rest of APAC, 2022-2031F (USD Million, Thousand Tons)
  15. South America Flexible Epoxy Resins Market
    1. Market Overview
    2. By Value (USD Million)
    3. By Volume (Thousand Tons)
      1. By Type
        1. Urethane Modified 2022-2031F (USD Million, Thousand Tons)
        2. Rubber Modified 2022-2031F (USD Million, Thousand Tons)
        3. Dimer Acid Modified, 2022-2031F (USD Million, Thousand Tons)
      2. By Application
        1. Paints and Coatings, 2022-2031F (USD Million, Thousand Tons)
        2. Adhesives and Sealants, 2022-2031F (USD Million, Thousand Tons)
        3. Composites, 2022-2031F (USD Million, Thousand Tons)
        4. Others, 2022-2031F (USD Million, Thousand Tons)
      3. Country
        1. Argentina, 2022-2031F (USD Million, Thousand Tons)
        2. Brazil, 2022-2031F (USD Million, Thousand Tons)
        3. Rest of South America, 2022-2031F (USD Million, Thousand Tons)
  16. Middle East & Africa Flexible Epoxy Resins Market
    1. Market Overview
    2. By Value (USD Million)
    3. By Volume (Thousand Tons)
      1. By Type
        1. Urethane Modified 2022-2031F (USD Million, Thousand Tons)
        2. Rubber Modified 2022-2031F (USD Million, Thousand Tons)
        3. Dimer Acid Modified, 2022-2031F (USD Million, Thousand Tons)
      2. By Application
        1. Paints and Coatings, 2022-2031F (USD Million, Thousand Tons)
        2. Adhesives and Sealants, 2022-2031F (USD Million, Thousand Tons)
        3. Composites, 2022-2031F (USD Million, Thousand Tons)
        4. Others, 2022-2031F (USD Million, Thousand Tons)
      3. Country
        1. Saudi Arabia, 2022-2031F (USD Million, Thousand Tons)
        2. UAE, 2022-2031F (USD Million, Thousand Tons)
        3. South Africa, 2022-2031F (USD Million, Thousand Tons)
        4. Rest of Middle East & Africa, 2022-2031F (USD Million, Thousand Tons)

Global Market Size, Forecast, and Trend Highlights Over 2023-2031

Flexible Epoxy Resins Market size is expected to cross USD 1433.9 Million by the end of 2031, growing at a CAGR of 7.2% during the forecast period, i.e., 2023-2031. In the year 2021, the industry size of flexible epoxy resins was USD 718.2 Million. The growth of the market can be attributed to growing shift of people in urban area in the search of employment and better living conditions. For instance, by 2050, 68% of the world's population, or more than half of all people, would reside in urban regions. Hence, the demand for house is growing which is why the construction activities are carried out on a large scale. Therefore, owing to this factor the market for flexible epoxy resins is estimated to increase. Additionally, other factors which is estimated to boost the growth of the construction activities, further boosting the market growth are growing middle class population in urban and rural area, and rising nuclear family trend.

With the growth in middle class population comes the boost in the disposable income. Hence large number of middle class people are expected to reconstruct their houses or either demand for a new one. In rural area large number of people are estimated to be living in kutcha house whose walls are usually build of mud, stones, and more. However, owing to the growing disposable income, middle class people living in rural area are estimated to re-build their house over the forecast period, hence boosting the market growth for flexible epoxy resins. Additionally, the trend of join family is disintegrating into nuclear family owing to scarcity of living space in big cities, desire for more privacy, and more. Hence, this nuclear family are demanding more houses, which is further estimated to boost the market growth.


Global-Flexible-Epoxy-Resins-Market-scope
Get more information on this report: Request Free Sample PDF

Flexible Epoxy Resins Sector: Growth Drivers and Challenges

Growth Drivers

  • Growing Residential Construction Activities- The Indian government intended that by 2022, every Indian would have a place to call home, with 10 million rural homes available by the year 2022 and 10 million urban dwellings ready by the same year. The expansion of the global market for flexible epoxy resins is predicted to be aided by the continuously growing residential construction projects. FER have been widely employed with cementitious systems and concrete. They are employed in the manufacturing of flooring, adhesives, sealants, coatings, composites, and other essential building and construction industry products. Epoxies are generally recognized for their good exceptional mechanical, heat, chemical, and electrical insulating characteristics as well as their excellent adhesion, chemical resistance, and heat resistance. Hence, their demand is growing in construction industry.

  • Surge in Adoption of Eco-Friendly Epoxy Resins- Allnex, the top provider of specialty chemicals, announced the introduction of PHENODUR® PR 616/65B, a brand-new, environmentally friendly phenolic resin, in September 2022. It is utilized in high-adhesion, chemically resistant protective coatings for interior or exterior could coatings and drum linings, as well as heat-curable phenolic with epoxide or polyester resin combinations.

  • Rising Investment in Construction Industry - By advancing the Gati Shakti Master Plan, the Indian government announced significant investments. The plan, which is estimated to be valued about USD 2 trillion, was introduced by the government last year with the goal of integrating project planning and execution.

  • Growth in Nuclear Family Trend - In 2020, there were more than 120 million private households in Japan, with nuclear families making up more than 53% of all households.

  • Upsurge in Demand for Hospitals - In India, there were reportedly about 70 thousand governmental and private hospitals in 2019. Hospitals in the private sector made up approximately 44 thousand of these, outnumbering those in the public sector.

Challenges

  • Health Hazards Associated While Manufacturing Flexible Epoxy Resins – There are various harmful effect of flexible epoxy resins on human health. Asthma, skin rashes, headaches, eye damage, nausea, dizziness, slurred speech, confusion, and loss of consciousness are just a few of the negative consequences that inappropriate or non-standard use of these compounds may have on people. Epoxy that has been fully cured carries little health risks, but partially cured and liquid epoxies carry a number of dangers that must be handled as effectively as possible with precautions. Hence, this factor is estimated to hinder the growth of the market.
  • Stringent Regulations Consents
  • Complicated Process of Manufacturing Flexible Epoxy Resins

Flexible Epoxy Resins Market: Key Insights

Base Year

2021

Forecast Year

2022-2031

CAGR

7.2%

Base Year Market Size (2021)

USD 718.2 Million

Forecast Year Market Size (2031)

USD 1433.9 Million

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa
Get more information on this report: Request Free Sample PDF

Flexible Epoxy Resins Segmentation

Application (Paints & Coatings, Adhesives & Sealants, Composites)

The global flexible epoxy resins market is segmented and analyzed for demand and supply by application into paints & coatings, adhesives & sealants, composites, and others. Out of which, the paints & coatings segment is anticipated to hold the largest market revenue of USD 577.9 Million by the end of 2031, up from a revenue of USD 265.3 Million in the year 2021. Further, the segment is estimated to grow at a CAGR of 8.2% over the forecast period, backed by growing demand for automobiles. For instance, after experiencing a decline during the pandemic, global automobile sales began to rebound, reaching about 65 million units sold in 2021. Hence the demand for paints & coatings is estimated to increase. Epoxy coatings are created from a mixture that includes the special components epoxy resin and polyamine hardener. A chemical reaction involving cross-linking occurs as a result of the combination of these ingredients during the curing process. Epoxy coatings provide excellent defense against abrasion, turbulence, corrosive liquids, and extreme temperatures. Hence, they are extensively used on automobile.

Type (Urethane Modified, Rubber Modified, Dimer Acid Modified)

The global flexible epoxy resins market is also segmented and analyzed for demand and supply by type into urethane modified, rubber modified, and dimer acid modified. Amongst these, the urethane modified segment is anticipated to garner the highest revenue of USD 616.9 Million by the end of 2031, up from a revenue of USD 292.1 Million in the year 2021. Further, the segment is anticipated to grow at a CAGR of 7.8% over the forecast period. They provide a special combination of qualities for potting, coating, sealing, and structural bonding applications. The toughened polymer, elastomer, and pressure-sensitive adhesive are the three main natures that the urethane modified epoxy resin often exhibits. As a result, these materials are frequently used as elastomers, structural adhesives, and PSA tapes.

Our in-depth analysis of the global market includes the following segments:

                         By Type

  • Urethane Modified
  • Rubber Modified
  • Dimer Acid Modified

                          By Application

  • Paints & Coatings
  • Adhesives & Sealants
  • Composites
  • Others

Want to customize this research report as per your requirements? Our research team will cover the information you require to help you take effective business decisions.

Customize this Report

Flexible Epoxy Resins Industry - Regional Synopsis

APAC Market Statistics

The Asia Pacific flexible epoxy resins market, amongst the market in all the other regions, is projected to hold the largest market revenue of USD 732.4 Million by the end of 2031, up from a revenue of USD 326.1 Million by the end of 2021. Further, the market in this region is estimated to grow at a highest CAGR of 8.5% over the forecast period, backed by large industrial base and high living standard of the population, along with the growing utilization. of FERs in the automotive industry. Additionally, there has been growing urban population in this region which is further boosting construction activities. In the Asia-Pacific region, urbanization is still a major megatrend. Over 2.2 billion people, or 54% of the world's metropolitan population, reside in Asia. The urban population in Asia is projected to increase by 50% by 2050, or by an additional 1.2 billion people.

Europe Market Forecast

Additionally, Europe region is estimated to garner the second largest revenue of USD 348.0 Million by the end of 2031, up from a revenue of USD 187.5 Million in the year 2021. Further, the market in this region is estimated to grow at the second highest CAGR of 6.4% over the forecast period. The growth of the market in this region can be attributed to growing population which is further boosting demand for construction activities, along with growing demand from composites and adhesives applications including structural, non-structural, paint & coatings, and more. Additionally, the European Union has developed efforts aimed at planning, constructing, and managing buildings in accordance with the green building concept to make the most effective use of the energy and resources needed for construction. Hence, the demand for bio-based flexible epoxy resins is increasing.

Get more information on this report: Request Free Sample PDF

Companies Dominating the Flexible Epoxy Resins Landscape

top-features-companies
    • Olin Corporation
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
    • 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,
    • Others.

In the News

  • EPOXONIC worked hard to create epoxy resin casting materials without acid anhydrides. The field of flexible epoxy composites has seen its first encouraging results. A prominent instance of this new class of epoxy resins with exceptional long-term temperature stability is EPOXONIC 361. There are also versions that are heat-conductive and flame-resistant based on EPOXONIC 361.

  • The new SR FireGreen 37 FR hand laminating resin has been introduced by Sicomin Epoxy Systems, a top manufacturer and provider of bio-based epoxy resin systems and flame retardant (FR) epoxy solutions.

Author Credits:  Smruti Ranjan, Rajrani Baghel


  • Report ID: 4694
  • Published Date: Feb 21, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The major factors driving the growth of the market are growing residential construction activities, surge in demand for eco-friendly epoxy resins, rising investment in construction industry, and others.

The market is anticipated to attain a CAGR of 7.2% over the forecast period, i.e., 2022-2031.

Complicated process of manufacturing flexible epoxy resins, health hazards associated while manufacturing flexible epoxy resins, and stringent regulations consents estimated to be the growth hindering factors for the market expansion.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2031 and provide more business opportunities in the future.

The major players in the market are Olin Corporation, Huntsman International LLC., DIC CORPORATION, EPOXONIC, Jiangsu Sanmu Group Corporation, and more.

The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by type, application, and by region.

The paints & coatings segment is anticipated to garner the largest market size by the end of 2031 and display significant growth opportunities.
Flexible Epoxy Resins Market Report Scope
logo
  GET A FREE SAMPLE

FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.

 Request Free Sample Copy

Have questions before ordering this report?

Inquiry Before Buying