Global Reactive Diluents Market is valued approximately USD 893.1 million in 2019 and is anticipated to grow with a healthy growth rate of more than 6.6 % over the forecast period 2020-2027. Reactive diluents are glycidyl ethers of short-chain aliphatic alcohols or alkylphenols, also known as thinner. Reactive diluents are colorless and low-viscous liquid, added to reduce the viscosity of the substance to facilitate handling and ease of processing. It reduces the emission of volatile organic compounds (VOC), when added to the formulations of paints & coatings, adhesives & sealants, and polymers & composites. Reactive diluents are compatible with both solvent-based and water-based paints and coatings, and can be used as substitutes for several plasticizers such as di-isodecyl phthalate (DIDP), diisononyl phthalate (DINP), and di-2-ethylhexyl phthalate (DEHP). The reactive Diluents market is facing challenges due to covid-19 pandemic due to manufacturing and supply is temporary shutdown. The growth of the global construction industry and increasing use of composite materials are the few factors responsible for growth of the market over the forecast period. Moreover, the introduction of products and other strategic alliance by the market players will create a lucrative demand for the market. For instance: on 04th October 2018, Evonik Industries launched VISIOMER GLYFOMA, a low odor reactive diluent in Europe. VISIOMER GLYFOMA is registered under Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH) and this reactive diluent can replace styrene and MMA, either partially or in full. However, the growing popularity of alternative resins and stringent regulations related to the production of epoxy resin is the major factor restraining the growth of global Reactive Diluents market during the forecast period.
The regional analysis of global Reactive Diluents market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific is the leading/significant region across the world in terms of market share owing to the increasing investments in the construction and industrial sectors, along with the rapidly growing population of the region. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027.
Major market player included in this report are:
Hexion Inc.
Huntsman Corporation
Aditya Birla Chemicals Limited
Kukdo Chemical
Evonik Industries
ADEKA CORPORATION
Cargill, Incorporated
Ems-Griltech AG
Olin Corporation
SACHEM, Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Aliphatic
Aromatic
Cycloaliphatic
by Application:
Paints & Coatings
Composites
Adhesives & Sealants
Other
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2017, 2018
Base year - 2019
Forecast period - 2020 to 2027
Target Audience of the Global Reactive Diluents Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors