Reactive Diluent Market: Introduction
"The Reactive Diluent Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031."
Reactive diluent is a chemical consisting of low viscosity glycidyl ethers from short a chain aliphatic alkyphenols or alcohols. This is used to reduce epoxy resins' viscosity and improve management and ease of processing in different applications. In addition, reactive diluents enhance properties such as thermal stability, tensile strength, filter loading, and adhesion.
Epoxy resins are primarily used for manufacturing coating, paints, composites, and adhesives and sealants. Reactive diluents are also used for solvent-based and waterborne coatings and paints. Reactive diluents reduce release of volatile organic compounds (VOCs). Moreover, reactive diluents are used in various end-use applications industries including automotive, electrical and electronics, and wind energy.
Reactive Diluent Market: Dynamics
Rising demand for reactive diluents across different applications such as paint and coating and composites is a major factor estimated to drive growth of the potential market in the next 10 years. In addition, increasing demand of reactive diluent for manufacturing adhesives and sealants is another factor expected to support revenue growth of the potential market over next 10 years.
In addition, increasing demand for reactive diluent from automotive, building & construction, and marine industries is another key factor expected to propel growth of the target market over the forecast period. Increasing demand for material having high mechanical strength, resistance to corrosion, and lightweight, coupled with increasing investments for R&D activities and development of advanced products are other factors expected to drive growth of the potential market.
However, increasing use of low cost substitute including phenolic resins, coupled with stringent regulatory regulations regarding use of epoxy resins are major factors expected to restraint growth of the global market to certain extent.
Reactive Diluent Market: Segment Analysis
Among the type segments, the aliphatic type segment is estimated to register major share in term of revenue in the global reactive diluent market. Aliphatic type extensive utilized in various end-use industries such as automotive, construction and building, etc., owing to its enhance properties such as thermal stability, filter loading, tensile strength, and adhesion. The aliphatic type segment revenue is expected to register highest CAGR over the forecast period.
Among the application segments, the paints and coatings segment is expected to register significant share in term of revenue in the global reactive diluent market. The paints & coatings segment revenue is estimated to register fastest CAGR in the next 10 years.
Reactive Diluent Market: Region Analysis
The Asia Pacific market is estimated to account for significant share in terms of revenue in the global reactive diluent market. Asia Pacific market is expected to register faster growth in terms of revenue over the next 10 years, owing to increasing adoption of reactive diluents compound in paint and coating and composite applications. Increasing adoption of reactive diluents in the wind energy and automotive industries in emerging economies in Asia Pacific are other key factors projected to drive growth of the Asia Pacific reactive diluent market.
Global Reactive Diluent Market Segmentation:
Segmentation by type:
Segmentation by application:
- Paints and Coatings
- Adhesives and Sealants
- Others (encapsulation and potting of electronics components, castings, and tooling)
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Hexion Inc.
- Huntsman International LLC
- Aditya Birla Chemicals (India) Limited
- Kukdo Chemical Co., Ltd.
- Evonik Industries AG
- Adeka Chemical Supply Corporation
- Cargill, Incorporated
- Ems-Griltech AG
- Olin Corporation
- SACHEM, Inc.
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