Flexible Epoxy Resins Market Regional Analysis:
APAC Market Insights
Asia Pacific industry is predicted to hold largest revenue share of 51% by 2035, 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 Insights
Europe region is estimated to garner the second largest revenue by 2035. 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.
