Reactive Diluents Market Worth $1,309 Million by 2025, at a CAGR of 6.6%

Northrook, IL -- (SBWire) -- 06/22/2020 --The report "Reactive Diluents Market by Type (Aliphatic, Aromatic, Cycloaliphatic), Application (Paints & Coatings, Composites, Adhesives & Sealants), Region (APAC, North America, Europe, Middle East & Africa, South America) - Global Forecast to 2025", The global reactive diluents market size is expected to grow from USD 952 million in 2020 to USD 1,309 million by 2025, at a Compound Annual Growth Rate (CAGR) of 6.6% during the forecast period. The major factors driving the market include the growth of the global construction sector and the increasing use of composite materials. The outbreak of novel coronavirus (COVID-19) will act as restraining factor for the reactive diluents market in 2020.

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Aliphatic is projected to lead the global reactive diluents market during the forecast period.
The market has been segmented based on type into three categories, namely, aliphatic, aromatic, and cycloaliphatic. Among these types, the aliphatic segment is expected to be the fastest-growing type during the forecast period. The demand for aliphatic reactive diluents is the highest due to their low-cost raw materials and simple manufacturing process. It is widely used in major industries, such as construction and automobile.

The paints & coatings application accounts for the largest share in the global reactive diluents market.
The reactive diluents market has been segmented based on application into four categories, namely, paints & coatings, composites, adhesives & sealants, and others. The paints & coatings application accounts for the largest market share. The growing demand for various types of coatings, such as automotive coatings, industrial coatings, coil coatings, floor coatings, marine coatings, and can coatings, is driving the market in this application.

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APAC is expected to hold the largest market share of the global reactive diluents market during the forecast period.
APAC is expected to be the largest market for reactive diluents during the forecast period. This region has many developing countries. The rising urbanization and improving standard of living are also expected to drive the APAC market. The various government policies and initiatives to attract foreign investors are expected to increase the demand for reactive diluents. The demand in this region is also high due to the presence of a large industrial base. The major end-use industries of reactive diluents in the region are construction and automotive.

Major companies in the reactive diluents market are Hexion (US), Huntsman Corporation (US), Kukdo Chemical (South Korea), Aditya Birla Chemicals (India), Evonik Industries (Germany), Adeka Corporation (Japan), Cargill (US), EMS-Griltech (Switzerland), Olin Corporation (US), Sachem (US), Arkema (France), Bluestar Wuxi Petrochemical (China), Atul Chemicals (India), Cardolite (US), DIC Corporation (Japan), Hubei Phoenix Chemical Company (China), Ipox Chemicals (Hungary), Sakamoto Yakuhin Kogyo (Japan), Geo Specialty Chemicals (US), BASF SE (Germany), Nippon Shokubai Co. Ltd (Japan), Air Products and Chemicals (US), Royce (US), King Industries (US), and Leuna-Harze (Germany).

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Recent Developments :
- In February 2020, Huntsman launched a snap cure VITROX RTM 00410 resin. This new resin will help in the high-volume manufacturing of lightweight and cost-effective composite parts. This new development will help the company meet the customer needs in the composites industry.
- In March 2019, Hexion completed the construction of its Application Development Center (ADC) in Shanghai. The 4,800-square meter ADC will support new product development and customer collaboration. This will help in strengthening its R&D and technical services. It will accelerate the growth of waterborne coatings and composite applications and positively influence the usage of reactive diluents in these applications.
- In April 2017, Evonik industries extended its portfolio of silane-modified polymers for construction and adhesive industries. They launched silane-modified reactive diluents: Tegopac RD-1, Tegopac RD-2. They are used in polymers during curing; therefore, migration-free adhesive and sealant formulations can be produced.

Key questions addressed by the report :
- What are the upcoming hot bets for the reactive diluents market?
- How are the market dynamics changing for different types of reactive diluents?
- How are the market dynamics changing for different application of reactive diluents?
- Who are the major manufacturers of reactive diluents?
- How are the market dynamics changing in different regions for reactive diluents?

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