Future Market Insights’ recent report on the reactive diluents market concludes that the market will cross the billion-dollar threshold in the next two years.
Primarily used as viscosity regulators and thinners, reactive diluents are extensively used to manufacture paints and adhesives. As industries strive to adopt co-polymerization to aid proper mixing, the usage of reactive diluents is acquiring significant ground. Moreover, their high tensile strength makes their usage highly suitable in the construction industry.
Reactive diluents are also renowned for curbing volatile organic compounds (VOC) emissions, thus accelerating their adoption in the coatings & paints industry. Besides, manufacturers are attempting to introduce green reactive diluents from biodegradable materials and plant oils. These initiatives will prove highly beneficial to the environment by reducing harmful emissions.
“The demand for high quality products have compelled manufacturers to introduce innovations in their existing portfolios, such as bio-resourced reactive diluents, providing them with a competitive edge,” says the FMI analyst.
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Key Takeaways from FMI’s Reactive Diluents Market Study
• Demand shall remain unswerving across the paints & coatings industry throughout the forecast period
• Surging construction & infrastructure projects shall provide traction to the reactive diluents markets due to high tensile strength
• Multi-function reactive diluents will hold major sway from 2020-2030
• Asia to record an impressive surge in reactive diluents usage due to heightening construction and infrastructure projects
Reactive Diluents Market- Key Trends
• Government legislations to arrest VOC emission is heightening reactive diluents adoption across key industries
• Manufacturing of solvent-free epoxy anticorrosive coatings is heightening adoption of reactive diluents
• COVID-19 will impede growth, owing to extreme sluggishness in the construction, automotive and paints & coatings industries
• Availability of substitutes such as phenolic diluents will restrict growth prospects as the latter offers better heat resistance
Reactive Diluents Market- Region-wise Analysis
• Asia-Pacific will spearhead global reactive diluents market growth in the wake of rapid industrialization and rising infrastructure projects
• China shall reach the pinnacle of the East-Asian market growth as it is a major electronics manufacturing hub
• Surging construction projects will drive demand across South Asian markets
• Europe & North America shall generate steady demand between 2020 and 2030
Reactive Diluents Market- Competitive Landscape
Prominent players in the global reactive diluents market include, but are not limited to, Adeka Corporation, Sachem Inc., Hexion Inc., Aditya Birla Chemicals, Huntsman Corporation, Evonik Industries, Olin Corporation, Arkema Group, Ipox Chemicals GmbH and Atul Ltd. These players are constantly enhancing their product portfolio and expanding their geographical presence.
Aditya Birla Group is a prominent player in the South Asian market, offering the Epotec Reactive Diluents. These are epoxy laden compounds which react with curing agents to become amalgamated with the epoxy system.
About the Chemicals and Materials Division at Future Market Insights (FMI)
The chemicals and materials division of Future Market Insights (FMI) offers a distinct and pinpoint analysis of the chemicals and materials industry. This exhaustive coverage extends from commodity, bulk, specialty, and petrochemicals to advanced materials, composites, and nanotechnology in particular, with special emphasis on ‘green alternatives, recycling and renewable technology developments, and supply-demand-trade assessment. Our research studies serve as referencing market guidelines for chemical manufacturers, research institutions, channel partners, and government bodies for developing — ‘The Way Forward’.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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