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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
