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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Companies, such as Olin Corporation (U.S.), Hexion (US), Kukdo Chemical (South Korea), Aditya Birla Chemicals (Thailand), Huntsman Corporation (U.S.), and DIC Corporation (Japan), adopted both organic as well as inorganic strategies, such as new product launches, expansions, and partnerships to efficiently serve customers and increase their market shares.
Hexion (U.S.), one of the leading manufacturers of FER, adopted new product launches as its primary growth strategy. The company operates its business through two segments, namely, epoxy, phenolic, and coating resins and forest products resins. It produces and supplies epoxy resins to diversified industries such as wind turbines, boat and shipbuilding, and sports equipment. Hexion is strengthening its foothold in the FER market through new product launches. For instance, in 2017, the company launched a new specialty epoxy resin system, which will be used for styrene-free, sheet molding compound (SMC) manufacturing of high-performance automotive composites. This product launch will help strengthen the position of the company’s products in the market. In 2015,
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.
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The paints & coatings application of FERs is projected to be the largest segment of the market between 2017 and 2022, in terms of both value and volume.
The paints & coatings application is expected to be the largest segment of the FER market during the forecast period. As the population rises globally, the demand for related infrastructure (such as buildings) increases. The consumption of FERs in the paints & coatings application is high due to their superior properties, such as low viscosity, chemical resistance, and superior mechanical and electrical properties. These resins are commonly used in floor coating, primer, undercoating, tank lining, waterproof coating in civil construction, and binder coating.
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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.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".Request Report Sample @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=192471059Olin 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 is investing heavily in R to maintain its global footprint in the competitive FER market.
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 & sealantsAdhesives & sealants are one of the most important applications of flexible epoxy resin.
These adhesives have high demand owing to their strong bonding capabilities and high chemical and heat resistance.
