HOME Top Market Reports Flexible Epoxy Resin Market by Type (Urethane Modified, Rubber Modified, Dimer Acid), Application (Paints & Coatings, Composites, Adhesives), and Region - Global Forecast to 2022

Flexible Epoxy Resin Market by Type (Urethane Modified, Rubber Modified, Dimer Acid), Application (Paints & Coatings, Composites, Adhesives), and Region - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: November 2017
Report Code: CH 5703

 

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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.

The main objective of the study is to define, describe, and forecast the FER market based on type, application, and region. The report includes detailed information about the major factors, such as drivers, restraints, opportunities, and industry-specific challenges influencing the growth of the market. The report strategically analyzes the market segments with respect to individual growth trends, growth prospects, and contribution to the total market. In the report, the FER market has been studied for key regions, namely, North America, Europe, Asia-Pacific, the Middle East & Africa, and Central & South America.

In this report, the market sizes have been derived from various research methodologies. In the secondary research process, different sources have been referred to, to identify and collect information for this study on the FER market. These secondary sources include annual reports, press releases, and investor presentations of companies, associations such as Epoxy Resin Committee (ERC), American Coatings Association, The World Paint & Coatings Industry Association, and others; and white papers, certified publications, and articles from recognized authors. In the primary research process, sources from both supply and demand sides have been interviewed to obtain qualitative and quantitative information for this report. The bottom-up approach has been used to estimate the market size, in terms of value. The top-down approach has been implemented to validate the market size, in terms of value. With the data triangulation procedure and validation of data through primaries, exact values of the sizes of the overall parent market and individual markets have been determined and confirmed in this study.

The figure below illustrates the breakdown of profiles of primary interview participants.

Flexible Epoxy Resin Market

To know about the assumptions considered for the study, download the pdf brochure

The FER market includes raw material suppliers, manufacturers, and end-users of FER. Olin Corporation (U.S.), Hexion (U.S.), Kukdo Chemical (South Korea), Aditya Birla Chemicals (Thailand), Huntsman Corporation (U.S.), and DIC Corporation (Japan) are the leading players operating in the FER market.

The stakeholders in the FER market are:

  • FER Manufacturers
  • FER Traders, Distributors, and Suppliers
  • Raw Material Suppliers
  • Governments and Research Organizations
  • Associations and Industrial Bodies
  • R&D Institutions
  • Environment Support Agencies

Scope of the Report

The report forecasts revenue growth and provides an analysis of trends in each of the subsegments of the FER market. This research report categorizes the market based on the following:

FER Market, By Type:

  • Urethane Modified
  • Rubber Modified
  • Dimer Acid

FER Market, By Application:

  • Paints & Coatings
  • Composites
  • Adhesives
  • Others (tooling, electrical castings, electrical laminates, and fibers)

FER Market, By Region:

  • North America
  • Asia-Pacific
  • Europe
  • Middle East & Africa
  • South America

Each region has been further segmented into the key countries in that region.

Available Customizations:

The following customization options are available for the report:

  1. Country Information
    • FER market analysis for additional countries
  2. Company Information
    • Detailed analysis and profiles of additional market players (up to five)

Table of Contents

1 Introduction (Page No. - 13)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Years Considered for the Study
    1.4 Currency
    1.5 Units Considered
    1.6 Stakeholders

2 Research Methodology (Page No. - 16)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
    2.3 Data Triangulation
    2.4 Assumptions
    2.5 Limitations

3 Executive Summary (Page No. - 24)

4 Premium Insights (Page No. - 27)
    4.1 Significant Opportunities in Flexible Epoxy Resin Market
    4.2 Flexible Epoxy Resin Market, By Application
    4.3 Flexible Epoxy Resin Market, By Type
    4.4 Asia-Pacific Flexible Epoxy Resin Market, By Application and Country
    4.5 Flexible Epoxy Resin Market Share, By Region

5 Market Overview (Page No. - 30)
    5.1 Introduction
           5.1.1 Drivers
                    5.1.1.1 Increasing Demand From Building & Construction and Automotive Industries
                    5.1.1.2 Increasing Use of Composites
           5.1.2 Restraints
                    5.1.2.1 Complicated Processing and Health Hazards Associated With the Manufacturing of Flexible Epoxy Resins
           5.1.3 Opportunities
                    5.1.3.1 Rise in Use of Composites and Rapid Urbanization in Emerging Economies
           5.1.4 Challenges
                    5.1.4.1 Stringent Regulatory Consents and Saturated Use in Developed Economies
    5.2 Porter’s Five Forces Analysis
           5.2.1 Bargaining Power of Buyers
           5.2.2 Bargaining Power of Suppliers
           5.2.3 Threat of New Entrants
           5.2.4 Threat of Substitutes
           5.2.5 Intensity of Competitive Rivalry
    5.3 Macroeconomic Indicators
           5.3.1 GDP Growth Rate Forecast of Major Economies
           5.3.2 Automotive Industry
           5.3.3 Construction Industry
           5.3.4 Trends and Forecast of Construction Industry in North America
           5.3.5 Trends and Forecast of Construction Industry in Europe
           5.3.6 Trends and Forecast of Construction Industry in Asia-Pacific

6 Flexible Epoxy Resin Market, By Type (Page No. - 38)
    6.1 Introduction
    6.2 Urethane-Modified FER
    6.3 Rubber-Modified FER
    6.4 Dimer Acid-Modified FER

7 Flexible Epoxy Resin Market, By Application (Page No. - 41)
    7.1 Introduction
    7.2 Paints & Coatings
    7.3 Adhesives & Sealants
    7.4 Composites
    7.5 Others

8 Flexible Epoxy Resin Market, By Region (Page No. - 45)
    8.1 Introduction
    8.2 Asia-Pacific
           8.2.1 China
           8.2.2 Japan
           8.2.3 South Korea
           8.2.4 India
           8.2.5 Rest of Asia-Pacific
    8.3 North America
           8.3.1 U.S.
           8.3.2 Canada
           8.3.3 Mexico
    8.4 Europe
           8.4.1 Germany
           8.4.2 France
           8.4.3 U.K.
           8.4.4 Russia
           8.4.5 Italy
           8.4.6 Rest of Europe
    8.5 Middle East & Africa
           8.5.1 Saudi Arabia
           8.5.2 UAE
           8.5.3 South Africa
           8.5.4 Rest of Middle East & Africa
    8.6 South America
           8.6.1 Brazil
           8.6.2 Argentina
           8.6.3 Rest of South America

9 Competitive Landscape (Page No. - 78)
    9.1 Introduction
    9.2 Market Ranking
    9.3 Competitive Scenario
           9.3.1 New Product Launches
           9.3.2 Partnerships
           9.3.3 Expansions

10 Company Profiles (Page No. - 82)
(Overview, Financial*, Products & Services, Strategy, and Developments)
     10.1 Olin Corporation
     10.2 Hexion Inc.
     10.3 Kukdo Chemicals
     10.4 Aditya Birla Chemicals
     10.5 Huntsman Corporation
     10.6 DIC Corporation
     10.7 Emerald Performance Material
     10.8 Epoxonic GmbH
     10.9 Nan Ya Plastic Corporation
     10.10 Spolchemie
     10.11 Other Players
             10.11.1 Atul Chemicals
             10.11.2 Cardolite Corporation
             10.11.3 Conren Limited
             10.11.4 Easy Composites Ltd.
             10.11.5 Fong Yong Chemical Co., Ltd.
             10.11.6 Intertronics
             10.11.7 Jiangsu Sanmu Group Corporation
             10.11.8 Leuna-Harze GmbH
             10.11.9 Loxeal Srl
             10.11.10 Lymtal International Inc.
             10.11.11 Mereco Technologies Inc.
             10.11.12 Resintech Limited
             10.11.13 Resoltech
             10.11.14 Sicomin Epoxy Systems
             10.11.15 The DOW Chemical Company

*Details Might Not Be Captured in Case of Unlisted Companies

11 Appendix (Page No. - 100)
     11.1 Insights From Industry Experts
     11.2 Discussion Guide
     11.3 Knowledge Store: Marketsandmarkets Subscription Portal
     11.4 Introducing RT: Real-Time Market Intelligence
     11.5 Available Customizations
     11.6 Related Reports
     11.7 Author Details


List of Tables (76 Tables)

Table 1 Trends and Forecast of GDP Growth Rates, 2016–2021
Table 2 Motor Vehicle Production, 2015–2016
Table 3 Contribution of Construction Industry to GDP of North America, 2014–2016 (USD Billion)
Table 4 Contribution of Construction Industry to GDP of Europe, 2014–2016 (USD Billion)
Table 5 Contribution of Construction Industry to GDP of Asia-Pacific, 2014–2016 (USD Billion)
Table 6 Flexible Epoxy Resin Market Size, By Type, 2015–2022 (Kiloton)
Table 7 By Market Size, By Type, 2015–2022 (USD Million)
Table 8 By Market Size, By Application, 2015–2022 (Kiloton)
Table 9 By Market Size, By Application, 2015–2022 (USD Million)
Table 10 Flexible Epoxy Resin Market Size, By Region, 2015–2022 (Kiloton)
Table 11 Flexible Epoxy Resin Market Size, By Region, 2015–2022 (USD Million)
Table 12 Asia-Pacific: Flexible Epoxy Resin Market Size, By Country, 2015–2022 (Kiloton)
Table 13 Asia-Pacific: By Market Size, By Country, 2015–2022 (USD Million)
Table 14 Asia-Pacific: By Market Size, By Application, 2015–2022 (Kiloton)
Table 15 Asia-Pacific: By Market Size, By Application, 2015–2022 (USD Million)
Table 16 China: Flexible Epoxy Resin Market Size, By Application, 2015–2022 (Kiloton)
Table 17 China: By Market Size, By Application, 2015–2022 (USD Million)
Table 18 Japan: Flexible Epoxy Resin Market Size, By Application, 2015–2022 (Kiloton)
Table 19 Japan: By Market Size, By Application, 2015–2022 (USD Million)
Table 20 South Korea: Flexible Epoxy Resin Market Size, By Application, 2015–2022 (Kiloton)
Table 21 South Korea: Flexible Epoxy Resin Market Size, By Application, 2015–2022 (USD Million)
Table 22 India: Flexible Epoxy Resin Market Size, By Application, 2015–2022 (Kiloton)
Table 23 India: Flexible Epoxy Resin Market Size, By Application, 2015–2022 (USD Million)
Table 24 Rest of Asia-Pacific: Flexible Epoxy Resin Market Size, By Application, 2015–2022 (Kiloton)
Table 25 Rest of Asia-Pacific: By Market Size, By Application, 2015–2022 (USD Million)
Table 26 North America: Flexible Epoxy Resin Market Size, By Country, 2015–2022 (Kiloton)
Table 27 North America: By Market Size, By Country, 2015–2022 (USD Million)
Table 28 North America: By Market Size, By Application, 2015–2022 (Kiloton)
Table 29 North America: By Market Size, By Application, 2015–2022 (USD Million)
Table 30 U.S.: Flexible Epoxy Resin Market Size, By Application, 2015–2022 (Kiloton)
Table 31 U.S.: Flexible Epoxy Resin Market Size, By Application, 2015–2022 (USD Million)
Table 32 Canada: Flexible Epoxy Resin Market Size, By Application, 2015–2022 (Kiloton)
Table 33 Canada: By Market Size, By Application, 2015–2022 (USD Million)
Table 34 Mexico: Flexible Epoxy Resin Market Size, By Application, 2015–2022 (Kiloton)
Table 35 Mexico: By Market Size, By Application, 2015–2022 (USD Million)
Table 36 Europe: Flexible Epoxy Resin Market Size, By Country, 2015–2022 (Kiloton)
Table 37 Europe: By Market Size, By Country, 2015–2022 (USD Million)
Table 38 Europe: By Market Size, By Application, 2015–2022 (Kiloton)
Table 39 Europe: By Market Size, By Application, 2015–2022 (USD Million)
Table 40 Germany: Flexible Epoxy Resin Market Size, By Application, 2015–2022 (Kiloton)
Table 41 Germany: By Market Size, By Application, 2015–2022 (USD Million)
Table 42 France: Flexible Epoxy Resin Market Size, By Application, 2015–2022 (Kiloton)
Table 43 France: By Market Size, By Application, 2015–2022 (USD Million)
Table 44 U.K.: Flexible Epoxy Resin Market Size, By Application, 2015–2022 (Kiloton)
Table 45 U.K.: By Market Size, By Application, 2015–2022 (USD Million)
Table 46 Russia: Flexible Epoxy Resin Market Size, By Application, 2015–2022 (Kiloton)
Table 47 Russia: By sin Market Size, By Application, 2015–2022 (USD Million)
Table 48 Italy: Flexible Epoxy Resin Market Size, By Application, 2015–2022 (Kiloton)
Table 49 Italy: By Market Size, By Application, 2015–2022 (USD Million)
Table 50 Rest of Europe: Flexible Epoxy Resin Market Size, By Application, 2015–2022 (Kiloton)
Table 51 Rest of Europe: By Market Size, By Application, 2015–2022 (USD Million)
Table 52 Middle East & Africa: Flexible Epoxy Resin Market Size, By Country, 2015–2022 (Kiloton)
Table 53 Middle East & Africa: By Market Size, By Country, 2015–2022 (USD Million)
Table 54 Middle East & Africa: By Market Size, By Application, 2015–2022 (Kiloton)
Table 55 Middle East & Africa: By Market Size, By Application, 2015–2022 (USD Million)
Table 56 Saudi Arabia: Flexible Epoxy Resin Market Size, By Application, 2015–2022 (Kiloton)
Table 57 Saudi Arabia: Flexible Epoxy Resin Market Size, By Application, 2015–2022 (USD Million)
Table 58 UAE: Flexible Epoxy Resin Market Size, By Application, 2015–2022 (Kiloton)
Table 59 UAE: By Market Size, By Application, 2015–2022 (USD Million)
Table 60 South Africa: Flexible Epoxy Resin Market Size, By Application, 2015–2022 (Kiloton)
Table 61 South Africa: By Market Size, By Application, 2015–2022 (USD Million)
Table 62 Rest of Middle East & Africa: Flexible Epoxy Resin Market Size, By Application, 2015–2022 (Kiloton)
Table 63 Rest of Middle East & Africa: By Market Size, By Application, 2015–2022 (USD Million)
Table 64 South America: Flexible Epoxy Resin Market Size, By Country, 2015–2022 (Kiloton)
Table 65 South America: By Market Size, By Country, 2015–2022 (USD Million)
Table 66 South America: By Market Size, By Application, 2015–2022 (Kiloton)
Table 67 South America: By Market Size, By Application, 2015–2022 (USD Million)
Table 68 Brazil: Flexible Epoxy Resin Market Size, By Application, 2015–2022 (Kiloton)
Table 69 Brazil: Flexible Epoxy Resin Market Size, By Application, 2015–2022 (USD Million)
Table 70 Argentina: Flexible Epoxy Resin Market Size, By Application, 2015–2022 (Kiloton)
Table 71 Argentina: Flexible Epoxy Resin Market Size, By Application, 2015–2022 (USD Million)
Table 72 Rest of South America: Flexible Epoxy Resin Market Size, By Application, 2015–2022 (Kiloton)
Table 73 Rest of South America: By Market Size, By Application, 2015–2022 (USD Million)
Table 74 New Product Launches, 2014–2017
Table 75 Partnerships, 2014–2017
Table 76 Expansions, 2014–2017


List of Figures (30 Figures)

Figure 1 Flexible Epoxy Resin Market: Research Methodology
Figure 2 Market Size Estimation: Bottom-Up Approach
Figure 3 Market Size Estimation: Top-Down Approach
Figure 4 Flexible Epoxy Resin Market: Data Triangulation
Figure 5 Paints & Coatings Application to Lead the Flexible Epoxy Resin Market Between 2017 and 2022
Figure 6 Urethane-Modified FER to Lead the Flexible Epoxy Resin Market Between 2017 and 2022
Figure 7 Asia-Pacific to Be the Fastest-Growing Market During the Forecast Period
Figure 8 Attractive Opportunities in the Flexible Epoxy Resin Market Between 2017 and 2022
Figure 9 Composites to Be the Second Largest Application of Flexible Epoxy Resin Between 2017 and 2022
Figure 10 Urethane-Modified FER to Lead the Market Between 2017 and 2022
Figure 11 China Was the Largest Market in Asia-Pacific, in 2016
Figure 12 Asia-Pacific Accounted for the Largest Market Share in 2016
Figure 13 Drivers, Restraints, Opportunities, and Challenges in Flexible Epoxy Resin Market
Figure 14 Flexible Epoxy Resin Market: Porter’s Five Forces Analysis
Figure 15 Urethane–Modified FER to Be the Largest Type During the Forecast Period
Figure 16 Paints & Coatings to Be the Largest Application During the Forecast Period
Figure 17 Regional Snapshot: India to Witness the Highest Growth Rate Between 2017 and 2022
Figure 18 Asia-Pacific Market Snapshot: Paints & Coatings Application to Drive the Flexible Epoxy Resin Market
Figure 19 North America Market Snapshot: Paints & Coatings to Be the Largest Application of Flexible Epoxy Resin
Figure 20 Germany to Lead Flexible Epoxy Resin Market in Europe During the Forecast Period
Figure 21 Companies Adopted New Product Launches as the Key Growth Strategy, 2014–2017
Figure 22 Olin Corporation Dominated the Flexible Epoxy Resin Market in 2016
Figure 23 Olin Corporation: Company Snapshot
Figure 24 SWOT Analysis: Olin Corporation
Figure 25 Hexion Inc.: Company Snapshot
Figure 26 SWOT Analysis: Hexion Inc.
Figure 27 Huntsman Corporation: Company Snapshot
Figure 28 SWOT Analysis: Huntsman Corporation
Figure 29 DIC Corporation: Company Snapshot
Figure 30 Nan Ya Plastic Corporation: Company Snapshot

The flexible epoxy resin (FER) market is estimated at USD 570.9 Million in 2017 and is projected to reach USD 764.0 Million by 2022, at a CAGR of 6.0% between 2017 and 2022. The growth is driven by the increasing demand for FERs from the end-use industries such as automotive and building & construction. These end-use industries have a high consumption of paints & coatings, composites, and adhesives, which in turn increases the demand for FERs. In addition, rising GDP, growing disposable income, increasing use of composites instead of conventional materials, and increasing number of expansions and other development activities also drive the FER market, globally.

The urethane-modified type is projected to be the largest and fastest-growing segment of the market during the forecast period, in terms of both value and volume. The growth in the use of FER is due to its wide use in composites, which in turn is used in automotive and aerospace end-use industries. This growth is also expected to increase in future due to the growth in infrastructural activities in emerging economies.

The paints & coatings segment is projected to be the largest application of FERs during the forecast period, in terms of both value and volume, owing to the rapid urbanization and growing population. This is also mainly due to the number of projects being commissioned and tendered in various emerging countries.

Flexible Epoxy Resin Market

Asia-Pacific is projected to be the largest market for FER during the forecast period. The demand for FERs is high in the region due to the large industrial base and high living standard of the population. In addition to this, the increasing use of FERs in the automotive industry and related growth in emerging economies such as India, China, and South Korea also drives the FER market growth in the region. The FER market in Asia-Pacific is also projected to witness the highest growth during the forecast period, owing to the rising standard of living, which is expected to boost the demand for automobiles in the region during the forecast period. In addition, government initiatives and policies to attract investments from various international companies will boost the growth of the various end-use industries of FER and support the growth of the market in the region.

Major restraint for the FER market includes its complex processing and harmful effects on human health. The main reason for the complicated process for manufacturing epoxy resins is the highly exothermic reaction between the epoxy resin and the curing agent. In human beings, adverse effects include irritation in lungs, asthma, skin irritation, headaches, eye damage, nausea, dizziness, slurred speech, confusion, and loss of consciousness on improper or non-standard use of these chemicals.

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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