Flexible Epoxy Resins Market Segmentation:
Application Segment Analysis
The global flexible epoxy resins market is segmented and analyzed for demand and supply by application into paints & coatings, adhesives & sealants, composites, and others. The paints & coatings segment is set to hold largest market revenue by 2035, 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 Segment Analysis
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. The urethane modified segment is anticipated to garner highest revenue share by 2035. 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:
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By Application |
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