Epoxy Active Diluent Market to accrue massive gains from construction and coatings industry

Global Market Insights, Inc., predicts that the overall epoxy active diluent market is expected to witness prolific growth in the upcoming years, given the impressive applications in construction, coatings, and other pivotal sectors.

Epoxy active diluent is a concoction of distinctive compounds with one or more epoxy groups. This collection is considered to reduce the viscosity of the epoxy formulations systems while participating in the curing reaction of epoxy resin and augmenting the performance of cured product. These advanced materials possess intrinsic properties that allow them to be used in construction, paints and coatings, textile, aerospace, electronics, and other industries.

Request for a sample copy of this report @ https://www.gminsights.com/request-sample/detail/4372

Versatile product application in construction and coatings industry

Thriving construction industry has offered a significant boost to the deployment of epoxy active diluent. As per estimates, the construction industry is set to experience prolific gains at a growth rate of 85 per cent through 2030, given the sturdy rise in urbanization and migration. The product serves as an integral cog in construction applications including additives for polymer concretes, sealants and constriction adhesives, composites, concrete floorings.

More so, it is needless to mention that this growth is also escalating the need for paints and coatings, thus propelling the coatings industry to emerge as remunerative vertical for epoxy active diluent market. Across the industry, these materials operate as viscosity modernizers in epoxy resins, with extremely low VOC and vapor pressure. These parameters allow the material to form a perfect formulation in order to substitute solvent-based paints and coatings.

Epoxy active diluent based coatings are basically used in aerospace, floorings, and marine.

Regionally, Asia Pacific has been termed as the hotbed for epoxy active diluents industry given the expanding construction activities and burgeoning needs for paints and coatings in these newly developed structures. Various studies suggest that the construction industry across the region is currently valued at USD 4.95 trillion and is expected to reach a mammoth of USD 5.45 trillion by the end of 2021, given the increasing migration of people from rural to urban areas in search of employment and better livelihood.

As the construction industry across the regional is belt is expected to expand, demand for paints and coatings would also observe an upsurge. This growth is primarily ascribed to the product’s low VOC attribute as economies around the region have been aiming to strive a perfect balance between the industrial activities and environment conservation.

Request for customization @ https://www.gminsights.com/roc/4372

COVID-19 impact on epoxy active diluent market

However, the region is currently facing economic crisis due to dreaded COVID-19 pandemic that has not only claimed umpteen lives but has also disrupted the business in the region. The effect of this virus outbreak has also been felt across epoxy active diluent industry, which is expected to witness sluggish growth in the upcoming months. Nevertheless, post stabilization, the market is likely to accrue considerable gains in the years ahead.

Apart from the COVID-19 impact, one of the main challenges that epoxy active diluent market has been facing is the conventional use of solvents across myriad industries. These solvents are relatively lower in cost as compared to diluents, thus elevating their demands worldwide. However, increasing government norms regarding the health hazards associated with solvent vapors are poised to favor adoption of epoxy active diluents over the foreseeable time frame.

Contact Us:
Contact Person: Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

This release was published on openPR.