Significant Opportunities in Flexible Epoxy Resin Market

The Flexible Epoxy Resin (FER) Market was estimated at USD 540.1 million in 2016 and projected to reach USD 764.0 million by 2022, at a CAGR of 6.0% during the forecast period. In this study, 2016 has been considered as the base year, while the forecast period has been considered from 2017 to 2022.

Browse 76 Market Data Tables and 30 Figures spread through 108 Pages and in-depth TOC on "Flexible Epoxy Resin Market by Type (Urethane Modified, Rubber Modified, Dimer Acid), Application (Paints & Coatings, Composites, Adhesives), and Region - Global Forecast to 2022".

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Olin Corporation (U.S.) is also one of the major manufacturers of FER. The company has developed a strong client base by expanding its distribution network to serve its customers better and offer customized products in Europe, North America, and Asia-Pacific. The company has an in-depth product offering and several R&D and innovation centers. The company is investing heavily in R&D to maintain its global footprint in the competitive FER market. The company’s products are used across all application segments due to its strong product portfolio. The D.E.R is a popular flexible epoxy resin brand across the world. Olin has its manufacturing facility in North America. However, it operates its business throughout the world.

The urethane-modified segment is projected to be the largest segment of the market during the forecast period, in terms of both value and volume.

Based on types, the urethane-modified segment is projected to be the largest segment of the FER market, in terms of both value and volume, during the forecast period. It is widely used as FER in the automotive and building & construction industries. The increasing demand for composites in the automotive sector and improved properties of FER, such as flexibility and water resistance, drive the demand for urethane-modified FERs.

Adhesives & sealants

Adhesives & sealants are one of the most important applications of flexible epoxy resin. Flexible epoxy resin-based adhesives can easily bond many substrates and sometimes be modified to achieve widely varying properties. Flexible epoxy resins are used to produce high-strength epoxy adhesives, which are the most extensively used structural adhesives. These adhesives have high demand owing to their strong bonding capabilities and high chemical and heat resistance. They are extensively used in industries, such as aerospace, automotive, wind power, and electrical & electronics. Ease of application of epoxy adhesives has encouraged their commercialization, thereby driving the market. These adhesives are developed to cater to a wide range of applications and operating conditions and are commonly used as either one-component or two-component systems.

Composites

A composite material is made from two or more materials with different physical or chemical properties that, when combined, forms a new material in which the characteristics of the individual materials are retained. The new material is stronger, lighter, and less expensive than the individual constituent material. Flexible epoxy composite materials are used in the construction of buildings, bridges, and structures, such as boat hulls, swimming pool panels, race car bodies, shower stalls, bathtubs, storage tanks, imitation granite, and cultured marble sinks and countertops.

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The key players, such as Olin Corporation (U.S.), Hexion (US), Kukdo Chemical (South Korea), Aditya Birla Chemicals (Thailand), Huntsman Corporation (U.S.), and DIC Corporation (Japan), operating in the FER market, adopted both organic as well as inorganic growth strategies between 2013 and 2017 to strengthen their position in the market. New product launches was the major growth strategy adopted by the market players to enhance their regional presence and meet the growing demand for FER in the emerging economies.

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