Sarasota, FL -- (SBWIRE) -- 05/21/2018 -- Global Reactive Diluents Market: Overview
Reactive diluents are the diluting agents or solvents used to reduce the viscosity of the formulation as they do not migrate out of the material. They are used in the formulation of solvent-free paints and coatings compounds, additives with polymers to reduce degeneration reactions and improve stabilization and adhesion. Also, these are used for optimizing strength, flexibility, adhesion and solvent resistance of the coatings, adhesives and composite materials.
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Global Reactive Diluents Market: Growth Factors
The global reactive diluents market is anticipated to experience a major development and a significant growth rate in the coming future. Growing demand for reactive diluents-based epoxy resins from end-user industries along with lightweight material with resistance to corrosion and high mechanical strength are the major drivers for the market. On the other hand, the growing popularity of the alternative resins, constant changes in the prices of epoxy resin raw materials, strict rules and regulations for the approval processes and low opportunities in the developed countries are projected to impede the development of the global reactive diluents market. Rapid urbanization in the emerging economies is yet one of the growth factors for the expansion of the market.
Global Reactive Diluents Market: Segmentation
The global reactive diluents market is categorized, on the basis of application, type, and region. On the basis of application, the market is divided into Paints and Coatings, Composites, Adhesives and others. Amongst which the Paints and Coatings segment is expected to grow at the largest due to rising infrastructure and increasing consumption of reactive diluents in undercoating, floor coating, waterproof coating and binder coating because of their low viscosity and chemical resistance properties. On the basis of type, the market is segmented into aliphatic, aromatic and cycloaliphatic based type. The aliphatic based reactive diluents segment is projected to grow as the largest segment on an account of its use in construction, wind turbine and automotive industries and low material cost involved.
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Global Reactive Diluents Market: Regional Analysis
In the global reactive diluents market, the Asia Pacific region is projected to be growing at the highest CAGR as a result of the high demand of reactive diluents from the end-user industries and rapid urbanization. Moreover, the market here is driven by expanding the industrial base and increase in usage of reactive diluents majorly, in wind energy industries and automobiles in the emerging economies like China, India and South Korea. Whereas the reactive diluents market has low opportunities for growth in the developed regions like the Western European countries, UK, US and Japan due to the well-established transport and commercial infrastructure and lesser construction opportunities. Thus, the reactive diluents market is expected to grow in the emerging economies with their individual growth drivers.
Global Reactive Diluents Market: Competitive Players
Some of the most important market players in the global reactive diluents market are Huntsman Corporation, Hexion, Evonik Industries, Aditya Birla Chemicals, EMS-Griltech, Adeka Corporation, Sachem, Olin Corporation, Bluestar Wuxi Petrochemical and Kukdo Chemical, among others.
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Global Reactive Diluents Market Regional Segment Analysis
North America
The U.S.
Europe
The UK
France
Germany
The Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa
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