Reactive Diluent Market Size & Analysis - Forecasts To 2025 By Application (Building & Construction, Bedding & Furniture, Automotive, Industrial Applications, Aerospace, Marine, Others), By Region (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa), Vendor Landscape, End-Use Landscape, and Market Share Analysis & Competitive Landscape - Global Market Estimates
Reactive Diluent Market Insights
The reactive diluent market is anticipated to grow at an exponential CAGR over the coming years on account of increase building & construction and residential activities across the world. Reactive diluents are used to decrease viscosity sealants & adhesives. These diluents also help improve water resistance and flexibility.
Reactive diluents also find large applications in the metal coating, protective coating, composites, and marine industry. The rising demand for protective coating in the automotive, industrial, aerospace, and marine sector is projected to augment market growth over the coming years.
The paint & coating industry is projected to grow at a tremendous rate over during the forecast period. Repair & renovation activities undertaken in the residential and construction sector is projected to positively impact market growth. Reactive diluents also help retain chemical & mechanical resistance and increases tensile strength of paints, coatings, adhesives, and dyes.
Reactive Diluent Market: Application Insights
On the basis of application, the reactive diluent market is segmented into building & construction, bedding & furniture, automotive, industrial applications, aerospace, marine, and others. Reactive diluents are anticipated to grow at the highest CAGR in the building & construction segment from 2017 to 2025. The growing investments in construction and renovation activities are expected to positively impact market growth in the building & construction and bedding & furniture industry.
Rapid industrialization and automotive production is projected to increase the demand for protective coatings which makes use of reactive diluents to reduce viscosity. The automotive industry is projected to grow at a high CAGR in countries such as China, South Korea, France, the UK, Germany, and Japan. Growing investment in the aerospace & defense and marine sector is also projected to augment market growth.
Reactive Diluent Market: Regional Insights
The market is anticipated to register high growth in the Asia Pacific region. The growing investment in the residential & commercial construction sector of Asia Pacific is expected to spur the demand reactive diluents used in adhesives, plasticizers, fillers, and roof sealing among others.
Countries such as India, Malaysia, China, South Korea, and Singapore are expected to register high growth in the construction sector due to favorable FDI investments and government spending. This is anticipated to positively influence reactive diluents market over the forecast period.
Increasing investments in the Middle East & Africa are also expected to experience high demand for reactive diluents. Repair & renovation activities coupled with rising automotive production in the North America, European, and Asia Pacific region is expected to positively influence market growth.
Reactive Diluent Market: End-Use Landscape
The end-use landscape entails a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase reactive diluents over the coming years. Some leading consumers in the market include Bouygues Construction, Royal BAM Group, and Balfour Beatty among others.
Reactive Diluent Market: Competitive Landscape
Some of the major players in the reactive diluent market include ADITYA BIRLA CHEMICALS, BASF SE, AkzoNobel N.V.,Hempel A/S, Bodo Möller Chemie GmbH, Cardolite Corporation, Evonik, Silver Fern Chemical, Huntsman Corporation, and SACHEM, INC among others.
Please note: This is not an exhaustive list of companies profiled in the report.
Technological advancements and development of products is anticipated to provide companies with a competitive edge in the market. In November 2015, Evonik launched TEGOPAC, a reactive diluents with lateral cross-linking functions and silane-modified polymers that release ethanol while curing.
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The global reactive diluent market has been studied from the year 2016 till 2025. However, the CAGR provided in the report is from the year 2017 to 2025. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the reactive diluent market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company’s manufacturing reactive diluents, and customer analytics.
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