What is Flexible Epoxy Resins Market?
Flexible epoxy resins are common pre-polymers that are widely used for flexibility and toughness. It is used in the manufacturing of adhesives, plastics, paints, coatings, primers, and sealers. The flexible epoxy adhesive adheres aggressively to fiberglass, metal, plastic, and wood and creates a permanent structural bond that absorbs stresses and tolerates flexing better than traditional 2-part epoxy resins. However, the new bio-based flexible epoxy resins are made of vegetable oils, lignin from wood products, tannins, and rosins that helps to reduce the environmental impact of epoxy by replacing the petrochemical-based epoxy resins.
The market study is being classified by Type (Rubber Modified, Urethane Modified and Dimer Acid), by Application (Paints & Coatings, Adhesives, Composites, Electrical Laminates and Others) and major geographies with country level break-up.
Hexion (United States), Huntsman Corporation (United States), Kukdo Chemical (South Korea), DIC Corporation (Japan), Olin Corporation (United States), Mitsubishi Chemical Corporation (Japan), Aditya Birla Chemicals (India), Total Plastics, Inc. (United States), Hernon Manufacturing, Inc. (United States), Copps Industries, Inc. (United States) and ADEKA Corporation (Japan) are some of the key players profiled in the study.
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Flexible Epoxy Resins market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Flexible Epoxy Resins market by Type, Application and Region.
On the basis of geography, the market of Flexible Epoxy Resins has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Demand of Flexible Epoxy Resins for Pressure-sensitive Electric Devices and Silicon-Free Thermally Conductive Foils
- Increased Demand of Decorative Paints by Commercials and Residential
Market Trend
- The Evolution of Bio-based Flexible Epoxy Resins
Restraints
- High Cost and Long Curing Time are the Major Disadvantages of Flexible Epoxy Resins
Opportunities
- Use of Flexibility Epoxy Resins for the Manufacturing of Composites and Adhesives with Extra Flexibility and Toughness
Challenges
- Medium to High Viscosity of Liquid Epoxy Resins
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Flexible Epoxy Resins Manufacturers, Suppliers and Distributors of Flexible Epoxy Resins, Raw Material Manufacturers & Suppliers of Flexible Epoxy Resins, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Users and Others