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Reactive diluents are in high demand, especially due to their multi-faceted applications as thinners, viscosity modifiers, and rheology modifiers. They are added to adhesives, sealants, and paints and coatings to achieve appropriate concentration based on applications they are intended for.
Industry players are opting for copolymerization to aid proper blending of reactive diluents with lacquer. More technological advancements are expected in the near future, which will facilitate the growth of the market.
Using reactive diluents improves the tensile strength, adhesions, and other physical and mechanical attributes of a solution thus boosting its performance. Other important characteristics of reactive diluents, which are also fuelling their demand, include their ability to curb emission of volatile organic compounds (VOC) and robust compatibility with water and solvent based paints and coatings.
Developments witnessed in industrial sector, particularly in automotive, construction, and electronics industries, as a result of evolving technologies resulted in higher demand for consumables such as adhesives & sealants.
In addition to this, the rising uptake of high-performing alternatives to indigenous materials has been bolstering the reactive diluents market.
Infrastructural development in tandem with growing population has led to surging construction projects worldwide. This in turn has created demand for paints and coatings resulting in reactive diluents sales uptick.
Reactive diluents will continue witnessing demand as key additive used in paints, coatings and adhesives for improving their tensile strength. Future Market Insights (FMI) has identified this as the chief driver of the market.
However, the demand for reactive diluents is predicted to be stunted by sluggish near-future opportunities of epoxy resins. Reduction in research and development (R&D) investment by chemical behemoths and upward pressure on spot prices of liquid epoxy resins have confined growth prospects in resins, thereby drawing a ceiling on the purchase of reactive diluents to a certain extent.
Nonetheless, growth opportunities are likely to be underpinned for the reactive diluents market by the rising focus on the adoption of lightweight materials across various industries. Advent of eco-friendly products will further aid the expansion of the market.
Principal Consultant
Some of the leading market players are either located in or are shifting focus towards high potential markets across Asia. This shift in paradigm is triggered by their sole objective of gaining competitive advantage.
Lured by attractive opportunities, companies are tactically expanding their footprint via expansion of product offering and investing in facilities across the world. Asia as a result boasts the presence of several leading companies such as Huntsman International LLC, Arkema Group, Epoxy Division, Kukdo Chemical Co., Olin Corporation, Ltd, and Aditya Birla Chemicals (Thailand) Limited.
Growth of construction activities has been a significant parameter enabling growth in South Asia and Pacific market. Meanwhile, growth in East Asia will be backed by government initiatives to better their infrastructural facilities.
Investment towards smart city plans connotes their intent of developing existing infrastructure. Rising construction and building activities has been facilitating the reactive diluents market, enabling it to gain momentum in East Asia.
Expansion strategies of market players are likely to get rigorous especially as they keenly seek competitive advantage in a highly fragmented vendor landscape. As a result focus on innovations and technological advancements will remain high, enabling growth in the market.
The emplacement of the regions in product life cycle (PLC) chart below offers insights into key factors enabling growth in the market, thus gives clarity on most lucrative markets for reactive diluents. Growth witnessed in Latin America for instance will be backed by the expansion of construction sector.
Likewise, in the Middle East and Africa market rising construction and building activities will support growth. The positioning of East and South Asia Pacific however reveals both regions are currently at growth phase in comparison to mature North America and Europe markets.
Resultantly, companies will be seen creating strategies, especially targeting prospects prevalent in regions at growth phase.
Citing concerns pertaining to environmental degradation, market players have increased their focus on R&D activities. They are making conscious changes in operations to curb VOC emission commonly associated with paints & coatings industry. This has prompted manufacturers to focus on the development of eco-friendly products.
This has resulted in the advent of glycidyl ether. Foray of eco-friendly reactive diluents is intended at arresting VOC emissions besides impelling their uptake as alternative to plasticizers used in adhesives. Spurred by this, the global reactive diluents market will exhibit strong growth between 2020 and 2030.
Besides its green attributes, reactive diluents offer greater blending capability to silane-modified polymers and epoxy polymers. This will help the market continue a positive growth trajectory through the course of the forecast period.
Plant Oil Based and Biodegradable Reactive Diluents Will Define Future Coating and Composite Applications
Recently, the scientists at NDSU have developed a plant oil based reactive diluent to aid coating and composite applications. It possesses both high reactive functionality and low viscosity, which render it improved characteristics.
Plant oil based reactive diluents either reduce or completely eliminate the need to be blended with any petrochemical, subsequently the bio-based content of reactive diluent makes the product more environmentally desirable.
The foray of plant oil based and biodegradable reactive diluents has eliminated the need for solvent. It is biodegradable and non-toxic and has low viscosity to enable VOC-free compositions. These diluents are therefore considered an improvement over their predecessors for application in radiation/ UV curable coatings and inks. Besides this, their use in industrial coatings for films, flooring, furniture, and plastics is expected to rise.
Future Market Insights sees this as an incredible opportunity for the reactive diluents market. Better biodegradability will make it stronger against competition especially since people around the word are rooting for greener construction and manufacturing.
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Despite witnessing significant opportunities for growth, foray of more efficacious alternatives is impeding the growth of the reactive diluents market. For instance, alternatives such as phenolic diluent offer better heat and fire resistance. They also demonstrate an improved phobic nature toward toxic gases and reactive materials.
These alternatives are witnessing surging demand especially due to their better performance in structural applications. Better ablative properties of these alternatives are in turn swaying industries away from reactive diluents.
Asia Pacific is expected to emerge as one of the lucrative markets for reactive diluents. Besides industrialization, infrastructural development and surging constructions activities will give tailwinds to the growth of the Reactive Diluents Market in the region.
Demand from adhesives & sealants and paints & coatings is expected to remain strong in Asia. This, coupled with low labor costs and relaxed norms for investment will support growth in both East and South Asia markets for reactive diluents.
In East Asia, growth exhibited by the market will be driven by high demand from China. The country has emerged as a global electronics manufacturing hub besides being home to sophisticated automotive industry. The same is with countries such as Japan, Taiwan, and South Korea.
Steered by high demand, the East Asia market for reactive diluents will demonstrate growth at an impressive. In countries such as India, Malaysia, Thailand, and other the market will witness incremental opportunities stemming from rising construction activities.
Spurred by high demand witnessed in East and South Asia, reactive diluents market is expected to record better sustainability. Meanwhile, in more developed markets of North America and Europe growth witnessed in the market is forecast to remain steady.
Consistent renovation activities in construction sector will cushion the Reactive Diluents Market against potential threats in Europe and North America.
Companies operating in the reactive diluents market are focusing on tactical expansion of their product portfolio and footprint across regions to gain a stronghold. Future Market Insights underscores their efforts as chief factors driving the market. Some of the leading companies operating in the market are:
Future Market Insights foresees impressive growth on cards for the reactive diluents market. The advent of bio-based reactive diluent derived from cardanol for instance will witness surging application in polyurethane acrylate (PUA) coatings, improving their overall performance.
Surging demand for high-performing and UV-curable coatings is expected to foster greater innovations in the market. For instance, bio-resourced reactive diluents have already forayed in the market, offering better performance and functionalities.
In the coming years, it is expected to witness sales uptick of diluents derived from linseed oil. These variants offer improvement over resin blends. Studies suggesting better efficiency of bio-based reactive diluents are already creating buzz across several endues industries, paving way for the market’s growth in the near future
By Type
By Function
By End Use
By Region
Future Market Insights expects the reactive diluents market to reach US$ 1 Billion by 2022-end
From 2022-2032, the reactive diluents industry is likely to expand at a 6% CAGR
Asia Pacific is expected to emerge as the most opportunistic market for reactive diluents
By 2032, the diluents market is expected to reach US$ 1.79 Billion in value
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends
4. Key Success Factors
4.1. Product Adoption / Usage Analysis
4.2. Product USPs / Features
4.3. Strategic Promotional Strategies
5. Global Reactive Diluents Market Demand Analysis 2015-2019 and Forecast, 2020-2030
5.1. Historical Market Volume (Tons) Analysis, 2015-2019
5.2. Current and Future Market Volume (Tons) Projections, 2020-2030
5.3. Y-o-Y Growth Trend Analysis
6. Global Reactive Diluents Market - Pricing Analysis
6.1. Regional Pricing Analysis By Type
6.2. Pricing Break-up
6.2.1. Manufacturer Level Pricing
6.2.2. Distributor Level Pricing
6.3. Global Average Pricing Analysis Benchmark
7. Global Reactive Diluents Market Demand (in Value or Size in US$ Mn) Analysis 2015-2019 and Forecast, 2020-2030
7.1. Historical Market Value (US$ Mn) Analysis, 2015-2019
7.2. Current and Future Market Value (US$ Mn) Projections, 2020-2030
7.2.1. Y-o-Y Growth Trend Analysis
7.2.2. Absolute $ Opportunity Analysis
8. Market Background
8.1. Macro-Economic Factors
8.1.1. Global GDP Growth Overview
8.1.2. Global Chemical Industry Overview
8.1.3. Global Paints & Coatings Market Overview
8.1.4. Global Building & Construction Market Overview
8.1.5. Other Key Macro-economic Factors
8.2. Forecast Factors - Relevance & Impact
8.2.1. Global Urbanization Growth Outlook
8.2.2. Competition Among Manufacturers
8.2.3. Raw Material Prices
8.2.4. End Use Sectors Growth Outlook
8.2.5. Other Key Forecast Factors
8.3. Value Chain
8.4. List of Market Participants
8.5. Global Supply vs Demand Scenario
8.6. Production Process Overview
8.7. Impact of COVID – 19 Crisis
8.7.1. Current Statistics
8.7.2. World Economy / Cluster Projections
8.7.3. Potential of Impact by Taxonomy
8.7.4. Impact on Market Size
8.7.5. Recovery Scenarios
8.8. Market Dynamics
8.8.1. Drivers
8.8.2. Restraints
8.8.3. Opportunity Analysis
9. Global Reactive Diluents Market Analysis 2015–2019 and Forecast 2020–2030, by Type
9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Mn) and Volume Analysis By Type, 2015–2019
9.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Type, 2020–2030
9.3.1. Aliphatic
9.3.2. Aromatic
9.3.3. Cycloaliphatic
9.4. Market Attractiveness Analysis By Type
10. Global Reactive Diluents Market Analysis 2015–2019 and Forecast 2020–2030, By Function
10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ Mn) and Volume Analysis By Function, 2015–2019
10.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Function, 2020–2030
10.3.1. Mono Functional
10.3.2. Multi Functional
10.4. Market Attractiveness Analysis By Function
11. Global Reactive Diluents Market Analysis 2015–2019 and Forecast 2020–2030, By End Use
11.1. Introduction / Key Findings
11.2. Historical Market Size (US$ Mn) and Volume Analysis By End Use, 2015–2019
11.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By End Use, 2020–2030
11.3.1. Paints & Coatings
11.3.2. Adhesives & Sealants
11.3.3. Composites
11.3.4. Flooring
11.3.5. Others (Tooling, Casting, Encapsulation)
11.4. Market Attractiveness Analysis By End Use
12. Global Reactive Diluents Market Analysis 2015–2019 and Forecast 2020–2030, by Region
12.1. Introduction
12.2. Historical Market Size (US$ Mn) and Volume Analysis By Region, 2015–2019
12.3. Current Market Size (US$ Mn) and Volume Analysis and Forecast By Region, 2020–2030
12.3.1. North America
12.3.2. Latin America
12.3.3. Europe
12.3.4. South Asia and Pacific
12.3.5. East Asia
12.3.6. Middle East & Africa
12.4. Market Attractiveness Analysis By Region
13. North America Reactive Diluents Market Analysis 2015–2019 and Forecast 2020–2030
13.1. Introduction
13.2. Pricing Analysis
13.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2015–2019
13.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2020–2030
13.4.1. By Country
13.4.1.1. U.S.
13.4.1.2. Canada
13.4.2. By Type
13.4.3. By Function
13.4.4. By End Use
13.5. Market Attractiveness Analysis
13.5.1. By Country
13.5.2. By Type
13.5.3. By Function
13.5.4. By End Use
13.6. Market Trends
13.7. Key Market Participants - Intensity Mapping
13.8. Drivers and Restraints - Impact Analysis
14. Latin America Reactive Diluents Market Analysis 2015–2019 and Forecast 2020–2030
14.1. Introduction
14.2. Pricing Analysis
14.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2015–2019
14.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2020–2030
14.4.1. By Country
14.4.1.1. Brazil
14.4.1.2. Mexico
14.4.1.3. Rest of Latin America
14.4.2. By Type
14.4.3. By Function
14.4.4. By End Use
14.5. Market Attractiveness Analysis
14.5.1. By Country
14.5.2. By Type
14.5.3. By Function
14.5.4. By End Use
14.6. Market Trends
14.7. Key Market Participants - Intensity Mapping
14.8. Drivers and Restraints - Impact Analysis
15. Europe Reactive Diluents Market Analysis 2015–2019 and Forecast 2020–2030
15.1. Introduction
15.2. Pricing Analysis
15.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2015–2019
15.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2020–2030
15.4.1. By Country
15.4.1.1. Germany
15.4.1.2. Italy
15.4.1.3. France
15.4.1.4. U.K.
15.4.1.5. Spain
15.4.1.6. BENELUX
15.4.1.7. Russia
15.4.1.8. Rest of Europe
15.4.2. By Type
15.4.3. By Function
15.4.4. By End Use
15.5. Market Attractiveness Analysis
15.5.1. By Country
15.5.2. By Type
15.5.3. By Function
15.5.4. By End Use
15.6. Market Trends
15.7. Key Market Participants - Intensity Mapping
15.8. Drivers and Restraints - Impact Analysis
16. South Asia and Pacific Reactive Diluents Market Analysis 2015–2019 and Forecast 2020–2030
16.1. Introduction
16.2. Pricing Analysis
16.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2015–2019
16.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2020–2030
16.4.1. By Country
16.4.1.1. India
16.4.1.2. ASEAN
16.4.1.3. Australia and New Zealand
16.4.1.4. Rest of South Asia and Pacific
16.4.2. By Type
16.4.3. By Function
16.4.4. By End Use
16.5. Market Attractiveness Analysis
16.5.1. By Country
16.5.2. By Type
16.5.3. By Function
16.5.4. By End Use
16.6. Market Trends
16.7. Key Market Participants - Intensity Mapping
16.8. Drivers and Restraints - Impact Analysis
17. East Asia Reactive Diluents Market Analysis 2015–2019 and Forecast 2020–2030
17.1. Introduction
17.2. Pricing Analysis
17.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2015–2019
17.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2020–2030
17.4.1. By Country
17.4.1.1. China
17.4.1.2. Japan
17.4.1.3. South Korea
17.4.2. By Type
17.4.3. By Function
17.4.4. By End Use
17.5. Market Attractiveness Analysis
17.5.1. By Country
17.5.2. By Type
17.5.3. By Function
17.5.4. By End Use
17.6. Market Trends
17.7. Key Market Participants - Intensity Mapping
17.8. Drivers and Restraints - Impact Analysis
18. Middle East and Africa Reactive Diluents Market Analysis 2015–2019 and Forecast 2020–2030
18.1. Introduction
18.2. Pricing Analysis
18.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2015–2019
18.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2020–2030
18.4.1. By Country
18.4.1.1. GCC Countries
18.4.1.2. Turkey
18.4.1.3. Northern Africa
18.4.1.4. South Africa
18.4.1.5. Rest of Middle East and Africa
18.4.2. By Type
18.4.3. By Function
18.4.4. By End Use
18.5. Market Attractiveness Analysis
18.5.1. By Country
18.5.2. By Type
18.5.3. By Function
18.5.4. By End Use
18.6. Market Trends
18.7. Key Market Participants - Intensity Mapping
18.8. Drivers and Restraints - Impact Analysis
19. Key and Emerging Countries for Reactive Diluents Market Analysis
19.1. Introduction
19.1.1. Market Value Proportion Analysis, By Key Countries
19.1.2. Global Vs. Country Growth Comparison
19.2. U.S. Reactive Diluents Market Analysis
19.2.1. By Type
19.2.2. By Function
19.2.3. By End Use
19.3. Canada Reactive Diluents Market Analysis
19.3.1. By Type
19.3.2. By Function
19.3.3. By End Use
19.4. Mexico Reactive Diluents Market Analysis
19.4.1. By Type
19.4.2. By Function
19.4.3. By End Use
19.5. Brazil Reactive Diluents Market Analysis
19.5.1. By Type
19.5.2. By Function
19.5.3. By End Use
19.6. Germany Reactive Diluents Market Analysis
19.6.1. By Type
19.6.2. By Function
19.6.3. By End Use
19.7. Italy Reactive Diluents Market Analysis
19.7.1. By Type
19.7.2. By Function
19.7.3. By End Use
19.8. France Reactive Diluents Market Analysis
19.8.1. By Type
19.8.2. By Function
19.8.3. By End Use
19.9. U.K. Reactive Diluents Market Analysis
19.9.1. By Type
19.9.2. By Function
19.9.3. By End Use
19.10. Spain Reactive Diluents Market Analysis
19.10.1. By Type
19.10.2. By Function
19.10.3. By End Use
19.11. BENELUX Reactive Diluents Market Analysis
19.11.1. By Type
19.11.2. By Function
19.11.3. By End Use
19.12. Russia Reactive Diluents Market Analysis
19.12.1. By Type
19.12.2. By Function
19.12.3. By End Use
19.13. China Reactive Diluents Market Analysis
19.13.1. By Type
19.13.2. By Function
19.13.3. By End Use
19.14. Japan Reactive Diluents Market Analysis
19.14.1. By Type
19.14.2. By Function
19.14.3. By End Use
19.15. South Korea Reactive Diluents Market Analysis
19.15.1. By Type
19.15.2. By Function
19.15.3. By End Use
19.16. India Reactive Diluents Market Analysis
19.16.1. By Type
19.16.2. By Function
19.16.3. By End Use
19.17. ASEAN Reactive Diluents Market Analysis
19.17.1. By Type
19.17.2. By Function
19.17.3. By End Use
19.18. Australia and New Zealand Reactive Diluents Market Analysis
19.18.1. By Type
19.18.2. By Function
19.18.3. By End Use
19.19. GCC Countries Reactive Diluents Market Analysis
19.19.1. By Type
19.19.2. By Function
19.19.3. By End Use
19.20. Turkey Reactive Diluents Market Analysis
19.20.1. By Type
19.20.2. By Function
19.20.3. By End Use
20. Market Structure Analysis
20.1. Market Analysis by Tier of Companies (Reactive Diluents)
20.2. Market Concentration
20.3. Market Share Analysis of Top Players
20.4. Market Presence Analysis
20.4.1. By Regional footprint of Players
20.4.2. Product foot print by Players
21. Competition Analysis
21.1. Competition Dashboard
21.2. Pricing Analysis by Competition
21.3. Competition Benchmarking
21.4. Competition Deep Dive
21.4.1. Huntsman Corporation
21.4.1.1. Overview
21.4.1.2. Product Portfolio
21.4.1.3. Key Financials
21.4.1.4. Sales Footprint
21.4.1.5. Strategy Overview
21.4.1.5.1. Marketing Strategy
21.4.1.5.2. Product Strategy
21.4.2. Hexion Inc.
21.4.2.1. Overview
21.4.2.2. Product Portfolio
21.4.2.3. Key Financials
21.4.2.4. Sales Footprint
21.4.2.5. Strategy Overview
21.4.2.5.1. Marketing Strategy
21.4.2.5.2. Product Strategy
21.4.3. Aditya Birla Chemicals
21.4.3.1. Overview
21.4.3.2. Product Portfolio
21.4.3.3. Key Financials
21.4.3.4. Sales Footprint
21.4.3.5. Strategy Overview
21.4.3.5.1. Marketing Strategy
21.4.3.5.2. Product Strategy
21.4.4. Olin Corporation
21.4.4.1. Overview
21.4.4.2. Product Portfolio
21.4.4.3. Key Financials
21.4.4.4. Sales Footprint
21.4.4.5. Strategy Overview
21.4.4.5.1. Marketing Strategy
21.4.4.5.2. Product Strategy
21.4.5. Sachem, Inc.
21.4.5.1. Overview
21.4.5.2. Product Portfolio
21.4.5.3. Key Financials
21.4.5.4. Sales Footprint
21.4.5.5. Strategy Overview
21.4.5.5.1. Marketing Strategy
21.4.5.5.2. Product Strategy
21.4.6. Arkema Group
21.4.6.1. Overview
21.4.6.2. Product Portfolio
21.4.6.3. Key Financials
21.4.6.4. Sales Footprint
21.4.6.5. Strategy Overview
21.4.6.5.1. Marketing Strategy
21.4.6.5.2. Product Strategy
21.4.7. ipox chemicals GmbH
21.4.7.1. Overview
21.4.7.2. Product Portfolio
21.4.7.3. Key Financials
21.4.7.4. Sales Footprint
21.4.7.5. Strategy Overview
21.4.7.5.1. Marketing Strategy
21.4.7.5.2. Product Strategy
21.4.8. Evonik Industries
21.4.8.1. Overview
21.4.8.2. Product Portfolio
21.4.8.3. Key Financials
21.4.8.4. Sales Footprint
21.4.8.5. Strategy Overview
21.4.8.5.1. Marketing Strategy
21.4.8.5.2. Product Strategy
21.4.9. Atul Ltd.
21.4.9.1. Overview
21.4.9.2. Product Portfolio
21.4.9.3. Key Financials
21.4.9.4. Sales Footprint
21.4.9.5. Strategy Overview
21.4.9.5.1. Marketing Strategy
21.4.9.5.2. Product Strategy
21.4.10. Adeka Corporation
21.4.10.1. Overview
21.4.10.2. Product Portfolio
21.4.10.3. Key Financials
21.4.10.4. Sales Footprint
21.4.10.5. Strategy Overview
21.4.10.5.1. Marketing Strategy
21.4.10.5.2. Product Strategy
Note: List of companies is preliminary in nature and not an exhaustive list. It may be further augmented and refined during the course of research stud.
22. Assumptions and Acronyms Used
23. Research Methodology
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Reactive Diluents Market
