Flexible Epoxy Resin Market Value By Type (Dimer Acid Modified, Elastomer Modified, Thermoplastic Modified, Others), By Application (Adhesives, Paints & Coatings, Composites, Others), By Region - Industry Statistics & Forecast, 2023 - 2032

Market Overview:

Flexible Epoxy Resin Market size surpassed USD 610.1 Million in 2022 and is estimated to attain at more than 5.9% CAGR from 2023 to 2032. By the end of the forecast period, the industry is anticipated to cross USD 1.1 Billion.

To get more info about this report - 

Flexible epoxy resin is a type of thermosetting polymer that exhibits high flexibility and durability. Unlike traditional epoxy resins that are brittle and hard, flexible epoxy resins are designed to maintain their strength and adhesion properties even under stress and strain. This makes them an ideal choice for applications that require flexibility, impact resistance, and deformation recovery, such as in the manufacturing of electronic components, adhesives, coatings, and composites. Flexible epoxy resins are made by blending traditional epoxy resins with reactive diluents or modifiers that provide flexibility and toughness to the cured product. The resulting material has a lower crosslink density and higher molecular weight, which imparts greater flexibility and elongation properties.

The flexible epoxy resin industry is poised to experience significant growth due the growing demand for electronic components and adhesives, especially in the automotive and consumer electronics industries. Additionally, the increasing adoption of advanced manufacturing technologies, such as automation and robotics is expected to drive the market in the coming years. These technologies require high-performance adhesives and coatings that can withstand the stresses of operation and provide long-term reliability. 

To get more info about this report - 

By Type Synopsys:

The growth of the flexible epoxy resin market is slated to be driven by the Thermoplastic-modified segment from 2023 to 2032. The demand for Thermoplastic-modified FERs is expected to rise due to the increasing use of composite materials in the aerospace, automotive, and construction sectors, as well as the growing preference for urethane-modified FERs in the automotive and construction sectors. These FERs offer exceptional properties such as low viscosity, wear resistance, mechanical properties, and chemical resistance.

By Application Synopsys:

The paints & coatings segment held approximately 37% of the revenue share in 2022. Flexible epoxy resin finds its largest application in the paints and coatings industry. Despite being more expensive than other substitutes such as phenolic resin, epoxy resins are highly preferred in coatings due to their exceptional properties like low viscosity, chemical resistance, and superior mechanical and electrical properties. The construction industry relies heavily on paints and coatings that contain flexible epoxy resins for various applications such as floor coatings, primers, undercoatings, tank linings, waterproof coatings, and binder coatings.
Furthermore, growing paints & coating industry across the develop regions are contributing to the growth of the market. For instance, The American Coatings Association (ACA) reported that the U.S. paint and coatings industry has an estimated value of USD 25 billion and employs around 287,000 workers.

Regional Overview:

To get more info about this report - 

North America and Europe are significant markets for flexible epoxy resin, driven by a well-established manufacturing sector and high demand for electronic components and adhesives. The increasing adoption of advanced technologies, such as automation and robotics, in the manufacturing industry is further driving the demand for flexible epoxy resin. The United States is the largest market for flexible epoxy resin in North America, while Germany, France, and the UK are significant markets in Europe. 

Key Development:

• In 2021, Huntsman Corporation launched a new range of flexible epoxy resins for the aerospace, automotive, and electronics industries. The new products are designed to provide superior flexibility and impact resistance in extreme temperatures and harsh environments.
   
• In 2020, Aditya Birla Chemicals launched a new range of flexible epoxy resins. The new products are designed for use in coatings, adhesives, and composites and offer improved flexibility, impact resistance, and durability.

Top companies includes in the global flexible epoxy resin landscape:

• Mereco Technologies 
• Olin Corporation 
• Hexion 
• Kukdo Chemical Co. Ltd. 
• Huntsman International LLC 
• Cardolite 
• DIC CORPORATION 
• Emerald Performance Materials 
• EPOXONIC 
• Aditya Birla Chemicals 
• INTERTRONICS 
• Conren Ltd
• Resoltech
• Other Players

To get more info about this report - 

In-depth analysis of flexible epoxy resin market along with industry coverage and forecasting for the following segments:

Market Size, By Type

• Dimer Acid Modified
• Elastomer Modified
• Thermoplastic Modified
• Others

Market Size, By Application

• Adhesives
• Paints & Coatings
• Composites
• Others

Market Size, By Region

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America