Rockville, MD -- (SBWire) -- 11/30/2018 --The global reactive diluents market is anticipated to expect high growth opportunities birthing with the rise in demand from various industry verticals such as construction and civil engineering, wind turbine, electronics, and automotive. The demand for reactive diluents could increase on the back of large consumption of adhesives, composites, and paints and coatings. Globally, the market has been witnessing strong growth due to rising number of development activities, expansions, and product launches. Replacement of traditional materials by composites is also expected to create opportunities in the market.
Wide use of aliphatic reactive diluents could augur well for the market. A number of industries have been raising a high demand for the aliphatic type because of its easy production process and low cost of raw materials. Growing population and urbanization accelerating the growth in construction activities are foreseen to propel the demand for reactive diluents in the paints and coatings industry. Developing countries have been tendering and commissioning several projects. This has led to an increase in construction activities, thereby benefiting the growth of the global reactive diluents market. With a view to increase their market share and expand their regional presence, players are seeking opportunities to launch new products.
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Market Outlook
Reactive diluents, commonly known as thinners, are usually added to paints, coatings, adhesives and sealants to modify their viscosity or diluency. Reactive diluents are those which become a part of the lacquer by copolymerization. These are also known as rheology modifiers or viscosity modifiers and are primarily used to modify the viscosity of epoxy resins. Reactive diluents also improve the adhesion, stability, tensile strength, thermal stability and other physical and mechanical properties of the solution. They can be used as a substitute for a number of plasticizers in adhesives and can be blended with different types of silane-modified polymers and epoxy polymers. The use of reactive diluents has led to significant reduction in volatile organic compounds emissions and these diluents are compatible with both solvent-based and water-based paints and coatings.
The global market for reactive diluents is a fragmented market with a number of global players and regional/local players operating in the market. In order to sustain the market competition, manufacturers are focusing on the expansion of their production capacities, especially in Europe, the U.S. and China where there is a significant demand for adhesives, sealants, paints and coatings. Product innovation has also been a major area of concern for reactive diluent manufacturers and they have been focusing on providing customized offerings. However, the global reactive diluents market is expected to face certain challenges such as the rising prices of epoxy resins, which might impact the global demand for reactive diluents. The use of bio-based reactive diluents, such as soyabean-based reactive diluents, is foreseen to grow significantly over the outlook period.
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Reasons for Covering This Title
The long term outlook of the global demand for reactive diluents is projected to remain positive, expanding with a moderate rate over the forecast period. This can be attributed to the stringent regulations implemented by governments and environmental protection agencies for the emission of volatile organic compounds in the paint, coating and, ink industries and their harmful effect on the environment and human health. A significant reduction has been observed in volatile organic compounds emission with the addition of reactive diluents.
Demand from Paints and Coatings Industry Driving Reactive Diluent Sales