Press release
Reactive Diluents Market 2022 Trends, Share, Growth Strategies, Industry Impact, Company Overview and Forecast 2029
Reactive Diluents Market Overview:Reactive diluents, also known as thinners, refer to the type of liquids that are colorless, clear and low-viscosity liquids. These thinners are basically glycidyl ethers of short-chain aliphatic alcohols or alkylphenols. These type of chemicals are added to decline the viscosity of the substance for facilitating handling and ease of processing.
The global reactive diluents market size is expected to grow from USD 952.00 Million in 2020 to USD 1,528.28 Million by 2029, at a CAGR of 5.4% during the forecast period 2022-2029.
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The increase in the use of composite materials across the globe acts as one of the major factors driving the growth of reactive diluents market. The high usage of reactive diluents to improve properties such as impact and tensile strength, filler-loading, flexibility, adhesion, and thermal stability, and also reduce volatility, and solvent-resistance of the system accelerate the market growth. The increase in demand for the product in the formulations of adhesives and sealants, polymers and composites, and paints and coatings to decline the emission of volatile organic compounds (VOC) further influence the reactive diluents market.
Reactive Diluents Market Key Players
The study of the growth of the top market player for in the target sector includes new projects with speculative returns, innovations and study of the accessibility of companies. some of the profiled players are Hexion, Huntsman Corporation, Kukdo Chemica, Aditya Birla Chemicals, R. Coats Inks and Resin Pvt. Ltd, Adeka Corporation, Mercury Synthetic Resins, Grasim Industries Ltd., Cargill, Olin Corporation, ASH Chem, Admark Polycoats Pvt Ltd, C and Others
Recent Development
In February 2020, Huntsman launched a snap cure VITROX RTM 00410 resin. This new resin will help in the high-volume manufacturing of lightweight and cost-effective composite parts. This new development will help the company meet the customer needs in the composites industry.
In March 2019, Hexion completed the construction of its Application Development Center (ADC) in Shanghai. The 4,800-square meter ADC will support new product development and customer collaboration. This will help in strengthening its R&D and technical services. It will accelerate the growth of waterborne coatings and composite applications and positively influence the usage of reactive diluents in these applications.
In April 2017, EvonIik industries extended its portfolio of silane-modified polymers for construction and adhesive industries. They launched silane-modified reactive diluents: Tegopac RD-1, Tegopac RD-2. They are used in polymers during curing; therefore, migration-free adhesive and sealant formulations can be produced.
Reactive Diluents Market Segmentation:
Global Reactive Diluents Market By Type, 2020-2029, (USD Million), (Kilotons)
Aliphatic
Aromatic
Cycloaliphatic
Global Reactive Diluents Market by End-User, 2020-2029, (USD Million), (Kilotons)
Construction
Automotive
Electrical & Electronics
Wind-Energy
Others
Global Reactive Diluents Market by Application, 2020-2029, (USD Million), (Kilotons)
Paints & Coatings
Composites
Adhesives & Sealants
Others (Electrical Casting, Electrical Encapsulation, And Fibres)
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Growth Factors:
Increasing demand from the Reactive Diluents industries
The growing use of Reactive Diluents in Chemical and Material Sectors.
Rising demand for products
Technological advancements in production processes
Growing applications in Reactive Diluents Market
Reactive Diluents Market Regional Analysis
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Fiberglass Storage Tank (Fiberglass Tank) Professional in these regions, from 2022-2029, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Key Reactive Diluents Market Trends
- The report identifies, determines, and forecasts the Global Reactive Diluents Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Reactive Diluents Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is expected to drive the Growth
- Rising Adoption of Market Segments in the Reactive Diluents Growth
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Reactive Diluents Market.
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