Reactive Diluents Market Segments, Opportunity, Growth and Forecast By End-use Industry 2018-2028

Global Reactive Diluents Market: Snapshot

The global reactive diluents market is anticipated to expect high growth opportunities birthing with the rise in demand from various industry verticals such as construction and civil engineering, wind turbine, electronics, and automotive. The demand for reactive diluents could increase on the back of large consumption of adhesives, composites, and paints and coatings. Globally, the market has been witnessing strong growth due to rising number of development activities, expansions, and product launches. Replacement of traditional materials by composites is also expected to create opportunities in the market.

Wide use of aliphatic reactive diluents could augur well for the market. A number of industries have been raising a high demand for the aliphatic type because of its easy production process and low cost of raw materials. Growing population and urbanization accelerating the growth in construction activities are foreseen to propel the demand for reactive diluents in the paints and coatings industry. Developing countries have been tendering and commissioning several projects. This has led to an increase in construction activities, thereby benefiting the growth of the global reactive diluents market. With a view to increase their market share and expand their regional presence, players are seeking opportunities to launch new products.

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Market Outlook

Reactive diluents, commonly known as thinners, are usually added to paints, coatings, adhesives and sealants to modify their viscosity or diluency. Reactive diluents are those which become a part of the lacquer by copolymerization. These are also known as rheology modifiers or viscosity modifiers and are primarily used to modify the viscosity of epoxy resins. Reactive diluents also improve the adhesion, stability, tensile strength, thermal stability and other physical and mechanical properties of the solution. They can be used as a substitute for a number of plasticizers in adhesives and can be blended with different types of silane-modified polymers and epoxy polymers. The use of reactive diluents has led to significant reduction in volatile organic compounds emissions and these diluents are compatible with both solvent-based and water-based paints and coatings.

The global market for reactive diluents is a fragmented market with a number of global players and regional/local players operating in the market. In order to sustain the market competition, manufacturers are focusing on the expansion of their production capacities, especially in Europe, the U.S. and China where there is a significant demand for adhesives, sealants, paints and coatings. Product innovation has also been a major area of concern for reactive diluent manufacturers and they have been focusing on providing customized offerings. However, the global reactive diluents market is expected to face certain challenges such as the rising prices of epoxy resins, which might impact the global demand for reactive diluents. The use of bio-based reactive diluents, such as soyabean-based reactive diluents, is foreseen to grow significantly over the outlook period.

Reasons for Covering This Title

The long term outlook of the global demand for reactive diluents is projected to remain positive, expanding with a moderate rate over the forecast period. This can be attributed to the stringent regulations implemented by governments and environmental protection agencies for the emission of volatile organic compounds in the paint, coating and, ink industries and their harmful effect on the environment and human health. A significant reduction has been observed in volatile organic compounds emission with the addition of reactive diluents.

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Reactive diluents are increasingly being preferred to improve the tensile strength and other properties of adhesives. With significant growth in paint, coating and ink industries, the global reactive diluents market is also projected to register significant growth.

Global Reactive Diluents Market Segmentation

On the basis of application, the global reactive diluents market can be segmented as:

Paints, coatings and inks
Adhesives and sealants
Composites
Others
On the basis of product type, the global reactive diluents market can be segmented as:

Single/Mono functional
Bi functional
Tri functional
On the basis of type, the global reactive diluents market can be segmented as:

Aliphatic
Aromatic
Cycloaliphatic
FMI Survey Responses Illustrating the Benefits of Reactive Diluents and their Impact

Global Reactive Diluents Market: Key Players

Some of the key players identified across the value chain of the global reactive diluents market are:

Huntsman Corporation
Ipox Chemicals GmbH
Aditya Birla Chemicals
Evonik Industries AG
Kukdo Chemical Co. Ltd.
Cargill Incorporated
Nippon Shokubai Co., Ltd.
SACHEM Inc.
Adeka Corporation
EMS-Griltech
BASF SE
Arkema Group
Geo Specialty Chemicals
Air Products and Chemicals, Inc.
Key Developments

Global manufacturers have been engaged in the strategic expansion of their global footprint and product offerings to gain a market share in the global reactive diluents market.

On 26thJanuary 2018, Nippon Shokubai Co., Ltd. announced the expansion of the production capacity of the VEEA monomer used as a reactive diluent in UV inkjet printing, which has been witnessing growing demand from the U.S. and Europe.
On 3rd November 2015, Evonik Industries AG launched TEGOPAC, a manufacturer of silane-modified polymers that release ethanol during the curing process. The polymers can be used to decrease the viscosity of adhesives & sealant formulations and to develop non-staining adhesives & sealant products.
Brief Approach to Research

The global reactive diluents market comprises a fairly large number of global players and a number of regional/ local players. The market is fragmented and to arrive at market numbers, the team shall be engaged in validation of numbers from both supply and demand side. From the supply side perspective, firstly an exhaustive list of manufacturers and distributors will be prepared. This will be followed by an evaluation of the production capacities, segmental revenue and revenue from the target product (reactive diluents). The approximate market shares of enlisted manufacturers are evaluated to arrive at the global numbers. From the demand side perspective, various factors such as overall diluents production, parent market perspective, adhesives and sealants industry growth, paints, coatings and inks industries growth, ratio that needs to be added, amongst others will be gauged to arrive at base numbers, which will be cross verified with the industry experts through primary interviews. Statistics and data are collected at a regional level and consolidated and synthesized at a global level to estimate the overall market sizes.

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Key Data Points Covered in the Report

Some of the key data points covered in our report include:

An overview of the reactive diluents market, including background and evolution
Macroeconomic factors affecting the reactive diluents market and its potential
Market dynamics, such as drivers, challenges and trends
Detailed value chain analysis of the reactive diluents market
Cost structure of the products and segments covered in the global reactive diluents market
In-depth pricing analysis, by key product segments, regions and by major reactive diluents market participants
Analysis of supply and demand, such as top product producing and consuming geographies, product imports/exports, exchange of services and overall trade scenario in the global reactive diluents market
Analysis of the global reactive diluents market structure, including a tier-wise categorization of key reactive diluents market participants
Competitive landscape of the market, including detailed profiles of the top players in the reactive diluents market
This analytical research study imparts an all-inclusive assessment on the market, while propounding historical intelligence, actionable insights, and industry-validated & statistically-upheld market forecast. Verified and suitable set of assumptions and methodology has been leveraged for developing this comprehensive study. Information and analysis on key market segments incorporated in the report has been delivered in weighted chapters. A thorough analysis has been offered by the report on

Market Dynamics
Market Size
Market Segments
Demand & Supply Trends
Current Issues and Challenges
Companies and Competitor Landscape
Value Chain
Technology
Regional Segments Analyzed Include

North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC, S. Africa, N. Africa)
Compilation of authentic and first-hand intelligence, insights offered in the report are based on quantitative and qualitative assessment by leading industry experts, and inputs from opinion leaders & industry participants around the value chain. Growth determinants, macroeconomic indicators, and parent market trends have been scrutinized and delivered, coupled with the market attractiveness for each market segment encompassed. Qualitative impact of growth influencers on the market segments across regions has also been mapped by the report.

Highlights from the Report

Elaborated scenario of the parent market
Transformations in the market dynamics
Detailed segmentation of the target market
Historical, current and forecast market size based on value and volume
Latest industry developments and trends
Competition landscape
Strategies adopted by the market players and product developments made
Potential and niche segments, along with their regional analysis
Unbiased analysis on performance of the market
Up-to-date and must-have intelligence for the market players to enhance and sustain their competitiveness
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