Research Nester’s recent market research analysis on “Flexible Epoxy Resins Market: Global Demand Analysis & Opportunity Outlook 2035” delivers a detailed competitors analysis and a detailed overview of the global flexible epoxy resins market in terms of market segmentation by type, application, and by region.
Growing Residential Construction Activities to Boost Growth of Global Flexible Epoxy Resins Market
The global flexible epoxy resins market is anticipated to boost on account of rising residential construction activities. The Indian government planned that by 2022, 10 million rural homes and 10 million urban residences would be completed, enabling every Indian to possess a home. Rising residential construction projects are predicted to aid in the growth of the flexible epoxy resins global market. Concrete and cementitious systems had been widely used with FER. They are involved in the manufacturing of composite materials, floors, adhesives, sealants, coatings, and other essential products for the building and construction industry. Along with their exceptional mechanical, thermal, chemical, and electrical insulating qualities, epoxies are recognized for their excellent adhesion, chemical resistance, and heat resistance. As a result, their demand in the building industry is increasing.
The health of people is impacted negatively by flexible epoxy resins in several ways. People may experience negative side effects from the inappropriate or unconventional use of these substances, including asthma, skin rashes, headaches, eye damage, nausea, dizziness, slurred speech, confusion, and loss of consciousness. Epoxies that have fully cured pose little health risks, but liquid and partially cured epoxies present a variety of risks that must be handled as safely as possible. It is therefore anticipated that this issue would hinder market growth.
On the basis of application, the global flexible epoxy resins market is segmented into paints & coatings, adhesives & sealants, composites, and others. Amongst these segments, the paints & coatings segment is estimated to generate the highest revenue of USD 577.9 Million by the end of 2035, up from a revenue of USD 265.3 Million in the year 2022. The growth of the segment can be attributed to growing demand for automobiles.
On the basis of region, the Asia Pacific flexible epoxy resins market is expected to garner the largest revenue of USD 732.4 Million by the end of 2035, up from a revenue of USD 326.1 Million in the year 2022. The growth of the market in this region can be attributed to large industrial base and high living standard of the population.
This report also provides the existing competitive scenario of some of the key players of the global flexible epoxy resins market which includes company profiling of Olin Corporation, Huntsman International LLC., DIC CORPORATION, EPOXONIC, Jiangsu Sanmu Group Corporation, SPOLCHEMIE, Atul Ltd, Cardolite Corporation, Easy Composites Ltd, Nan Ya Plastics Corporation, Fong Yong Chemical Co., Ltd., Intertronics, Permabond LLC, Lymtal International Inc., Loxeal Srl, Leuna-Harze GmbH, KUKDO CHEMICAL CO., LTD., Westlake Corporation, Aditya Birla Chemicals, Sicomin Epoxy Systems, Mereco Technologies Companies Inc., Resintech Limited, RESOLTECH, The DOW Chemical Company, and others.