Detroit, April 25, 2018 (GLOBE NEWSWIRE) -- Stratview Research announces the launch of a new market research report on Flexible Epoxy Resin (FER) Market by Type (Thermoplastic Modified, Elastomer Modified, Dimer Acid Modified, and Others), by Application Type (Paints & Coatings, Composites, Adhesives, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2018-2023.
The Global Flexible Epoxy Resin (FER) Market: Highlights
As per Stratview Research, the global flexible epoxy resin market is projected to grow at an impressive CAGR of 6.3% during the period of 2018 to 2023. Organic growth in the automobile production and construction industries, increasing demand for FER-based adhesives and paints & coatings in the automotive and construction industries, and excellent properties of FER, such as low viscosity with higher solids, wear resistance, prolonged flexibility, and toughness are some of the major factors that are proliferating the growth of flexible epoxy resins in various applications.
Thermoplastic-modified segment is expected to remain the growth engine of the flexible epoxy resin market during the forecast period of 2018 to 2023 owing to the increasing penetration of composite materials in the aerospace, automotive, and construction industries.
The paints & coatings segment is expected to remain the most dominant application type in the flexible epoxy resin market during the forecast period. However, the composites segment is likely to witness the highest growth during the same period, driven by an increased penetration of composite materials in the automotive, aerospace, and construction industries; and a greater acceptance FERs with composite parts.
Register here for the free sample on flexible epoxy resin (FER) market
The key flexible epoxy resin manufacturers globally are Olin Corporation, Kukdo Chemicals, Hexion, Inc., Aditya Birla Chemicals, DIC Corporation, Huntsman Corporation, and Nan Ya Plastic Corporation.
About Stratview Research
Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences and Oil & Gas.