Flexible Epoxy Resins Market size was valued at USD 833.59 million in 2024 and is likely to cross USD 2.08 billion by 2037, registering more than 7.3% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of flexible epoxy resins is assessed at USD 882.27 million. The growth of the market can be attributed to growing shift of people in urban area in the search of employment and better living conditions. For instance, by 2050, 68% of the world's population, or more than half of all people, would reside in urban regions. Hence, the demand for house is growing which is why the construction activities are carried out on a large scale. Therefore, owing to this factor the market for flexible epoxy resins is estimated to increase. Additionally, other factors which is estimated to boost the growth of the construction activities, further boosting the market growth are growing middle class population in urban and rural area, and rising nuclear family trend.
With the growth in middle class population comes the boost in the disposable income. Hence large number of middle class people are expected to reconstruct their houses or either demand for a new one. In rural area large number of people are estimated to be living in kutcha house whose walls are usually build of mud, stones, and more. However, owing to the growing disposable income, middle class people living in rural area are estimated to re-build their house over the forecast period, hence boosting the market growth for flexible epoxy resins. Additionally, the trend of join family is disintegrating into nuclear family owing to scarcity of living space in big cities, desire for more privacy, and more. Hence, this nuclear family are demanding more houses, which is further estimated to boost the market growth.
Growth Drivers
Growing Residential Construction Activities- The Indian government intended that by 2022, every Indian would have a place to call home, with 10 million rural homes available by the year 2022 and 10 million urban dwellings ready by the same year. The expansion of the global market for flexible epoxy resins is predicted to be aided by the continuously growing residential construction projects. FER have been widely employed with cementitious systems and concrete. They are employed in the manufacturing of flooring, adhesives, sealants, coatings, composites, and other essential building and construction industry products. Epoxies are generally recognized for their good exceptional mechanical, heat, chemical, and electrical insulating characteristics as well as their excellent adhesion, chemical resistance, and heat resistance. Hence, their demand is growing in construction industry.
Surge in Adoption of Eco-Friendly Epoxy Resins- Allnex, the top provider of specialty chemicals, announced the introduction of PHENODUR® PR 616/65B, a brand-new, environmentally friendly phenolic resin, in September 2022. It is utilized in high-adhesion, chemically resistant protective coatings for interior or exterior could coatings and drum linings, as well as heat-curable phenolic with epoxide or polyester resin combinations.
Rising Investment in Construction Industry - By advancing the Gati Shakti Master Plan, the Indian government announced significant investments. The plan, which is estimated to be valued about USD 2 trillion, was introduced by the government last year with the goal of integrating project planning and execution.
Growth in Nuclear Family Trend - In 2020, there were more than 120 million private households in Japan, with nuclear families making up more than 53% of all households.
Upsurge in Demand for Hospitals - In India, there were reportedly about 70 thousand governmental and private hospitals in 2019. Hospitals in the private sector made up approximately 44 thousand of these, outnumbering those in the public sector.
Challenges
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
7.3% |
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Base Year Market Size (2024) |
USD 833.59 million |
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Forecast Year Market Size (2031) |
USD 2.08 billion |
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Regional Scope |
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Application (Paints & Coatings, Adhesives & Sealants, Composites)
The global flexible epoxy resins market is segmented and analyzed for demand and supply by application into paints & coatings, adhesives & sealants, composites, and others. The paints & coatings segment is set to hold largest market revenue by 2037, backed by growing demand for automobiles. For instance, after experiencing a decline during the pandemic, global automobile sales began to rebound, reaching about 65 million units sold in 2021. Hence the demand for paints & coatings is estimated to increase. Epoxy coatings are created from a mixture that includes the special components epoxy resin and polyamine hardener. A chemical reaction involving cross-linking occurs as a result of the combination of these ingredients during the curing process. Epoxy coatings provide excellent defense against abrasion, turbulence, corrosive liquids, and extreme temperatures. Hence, they are extensively used on automobile.
Type (Urethane Modified, Rubber Modified, Dimer Acid Modified)
The global flexible epoxy resins market is also segmented and analyzed for demand and supply by type into urethane modified, rubber modified, and dimer acid modified. The urethane modified segment is anticipated to garner highest revenue share by 2037. They provide a special combination of qualities for potting, coating, sealing, and structural bonding applications. The toughened polymer, elastomer, and pressure-sensitive adhesive are the three main natures that the urethane modified epoxy resin often exhibits. As a result, these materials are frequently used as elastomers, structural adhesives, and PSA tapes.
Our in-depth analysis of the global market includes the following segments:
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By Type |
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By Application |
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APAC Market Statistics
Asia Pacific industry is predicted to hold largest revenue share of 51% by 2037, backed by large industrial base and high living standard of the population, along with the growing utilization. of FERs in the automotive industry. Additionally, there has been growing urban population in this region which is further boosting construction activities. In the Asia-Pacific region, urbanization is still a major megatrend. Over 2.2 billion people, or 54% of the world's metropolitan population, reside in Asia. The urban population in Asia is projected to increase by 50% by 2050, or by an additional 1.2 billion people.
Europe Market Forecast
Europe region is estimated to garner the second largest revenue by 2037. The growth of the market in this region can be attributed to growing population which is further boosting demand for construction activities, along with growing demand from composites and adhesives applications including structural, non-structural, paint & coatings, and more. Additionally, the European Union has developed efforts aimed at planning, constructing, and managing buildings in accordance with the green building concept to make the most effective use of the energy and resources needed for construction. Hence, the demand for bio-based flexible epoxy resins is increasing.
EPOXONIC worked hard to create epoxy resin casting materials without acid anhydrides. The field of flexible epoxy composites has seen its first encouraging results. A prominent instance of this new class of epoxy resins with exceptional long-term temperature stability is EPOXONIC 361. There are also versions that are heat-conductive and flame-resistant based on EPOXONIC 361.
The new SR FireGreen 37 FR hand laminating resin has been introduced by Sicomin Epoxy Systems, a top manufacturer and provider of bio-based epoxy resin systems and flame retardant (FR) epoxy solutions.
Author Credits: Rajrani Baghel
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