Global Reactive Diluent Market 2021 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Reactive Diluent Market 2021 (Includes Business Impact of COVID-19)
Global Reactive Diluent Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights. The global reactive diluent market report has been segmented on the basis of type, application, and region.
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The global Reactive Diluent market size was valued at USD $922.85 million in 2020 and is projected to reach USD $1635.74 million by 2030, and is anticipated to expand at a CAGR of 5.87% over the forecast period from 2020 to 2030.


Reactive Diluent Market: Introduction 


Reactive diluent is a chemical consist of low viscosity glycidyl ethers from short a chain aliphatic alkyphenols or alcohols. This is used to reduce viscosity of epoxy resins, and to improve management and ease of processing in different applications. In addition, reactive diluents enhance properties such as thermal stability, tensile strength, filter loading, and adhesion. Epoxy resins are primarily used for manufacturing coating, paints, composites, and adhesives and sealants. Reactive diluents are also used for solvent-based and waterborne coatings and paints. Reactive diluents reduce release of volatile organic compounds (VOCs). Moreover, reactive diluents are used in various end-use applications industries including automotive, electrical and electronics, and wind energy.


Reactive Diluent Market: Dynamics


Rising demand for reactive diluents across different applications such as paint and coating and composites is a major factor estimated to drive growth of the potential market in the next 10 years. In addition, increasing demand of reactive diluent for manufacturing adhesives and sealants is another factor expected to support revenue growth of the potential market over next 10 years.

In addition, increasing demand for reactive diluent from automotive, building & construction, and marine industries is another key factor expected to propel growth of the target market over the forecast period. Increasing demand for material having high mechanical strength, resistance to corrosion, and lightweight, coupled with increasing investments for R&D activities and development of advanced products are other factors expected to drive growth of the potential market.

However, increasing use of low cost substitute including phenolic resins, coupled with stringent regulatory regulations regarding use of epoxy resins are major factors expected to restraint growth of the global market to certain extent.


Reactive Diluent Market: Segment Analysis


Among the type segments, the aliphatic type segment is estimated to register major share in term of revenue in the global reactive diluent market. Aliphatic type extensive utilized in various end-use industries such as automotive, construction and building, etc., owing to its enhance properties such as thermal stability, filter loading, tensile strength, and adhesion. The aliphatic type segment revenue is expected to register highest CAGR over the forecast period.

Among the application segments, the paints and coatings segment is expected to register significant share in term of revenue in the global reactive diluent market. The paints & coatings segment revenue is estimated to register fastest CAGR in the next 10 years.


Reactive Diluent Market: Region Analysis


The Asia Pacific market is estimated to account for significant share in terms of revenue in the global reactive diluent market. Asia Pacific market is expected to register faster growth in terms of revenue over the next 10 years, owing to increasing adoption of reactive diluents compound in paint and coating and composite applications. Increasing adoption of reactive diluents in the wind energy and automotive industries in emerging economies in Asia Pacific are other key factors projected to drive growth of the Asia Pacific reactive diluent market.

Global Reactive Diluent Market Segmentation:

Segmentation by type:

  
Aliphatic
  
Aromatic
  
Cycloaliphatic

Segmentation by application:

  
Paints and Coatings
  
Composites
  
Adhesives and Sealants
  
Others (encapsulation and potting of electronics components, castings, and tooling)


Key Market Players included in the report:


  
Adeka Corporation (Japan)
  
Aditya Birla Chemicals (India)
  
Air Products and Chemicals Inc. (US)
  
Arkema SA (France)
  
Atul Chemicals
  
BASF SE (Germany)
  
Bluestar Wuxi Petrochemical
  
Bodo MOller Chemie GmbH (Germany)
  
Cardolite
  
Cargill
  
DIC Corporation
  
EMS-Chemie Holding Ag (Switzerland)
  
Evonik Industries AG (Germany)
  
Hexion (US)
  
Hubei Phoenix Chemical Company
  
Huntsman Corporations (US)
  
Incorporated (US)
  
Ipox Chemicals GmbH (Germany)
  
King Industries
  
Kukdo Chemical (South Korea)
  
Leuna-Harze
  
Nippon Shokubai Co. LTD (Japan)
  
Olin
  
Royce
  
Sachem Inc. (US)
  
Sakamoto Yakuhin Kogyo


Below are the key development related to Reactive Diluent Market in 2020 and 2021.


March 2020: Huntsman acquires CVC Thermoset Specialties. Huntsman will pay $300 million for U.S.-based CVC Thermoset Specialties, which manufactures epoxies, toughening agents and other materials. Huntsman Corp. (The Woodlands, Texas, U.S.) announced on March 15 that it has agreed to acquire CVC Thermoset Specialties (Moorestown, N.J., U.S.), a specialty chemical manufacturer serving the industrial composites, adhesives and coatings markets. CVC Thermoset Specialties is part of Emerald Performance Materials LLC which is majority owned by affiliates of American Securities LLC. CVC Thermoset Specialties manufactures specialty epoxy resins, toughening agents, accelerators, reactive diluents, curatives and specialty nitrile latexes. It has annual revenues of approximately $115 million with two manufacturing facilities, in Akron, Ohio, U.S., and Maple Shade, N.J., U.S. Source