Reactive Diluents Market Forecast to Reach $1.5 Billion by 2025


Posted October 12, 2020 by rohitkurup99

"The growing popularity of solvent free paint and coating compounds, better diluent, and retention of chemical resistance products, is likely to aid in the market growth of Reactive Diluents"

 
Reactive Diluents Market is forecast to reach $1.5 billion by 2025, after growing at a CAGR of 6% during 2020-2025. Reactive diluents enhance flexibility and workability by diluting high viscous epoxy resins. The consumption of reactive diluents-based epoxy resins such as paints & coatings, composites, and adhesives from various industry include electronics, automotive, marine, and construction, growing disposable income, and growing public interest towards sustainable and environment-friendly products are driving the overall market demand for reactive diluents during the forecast period.

Key Takeaways
Among the regions, in 2019, Asia-Pacific dominates the reactive diluents market owing to rapid urbanization, growing population, increasing construction and aviation activities, and growing renewable energy sector across the country.
The growing popularity of solvent free paint and coating compounds, better diluent, and retention of chemical resistance products, is likely to aid in the market growth of Reactive Diluents
Increasing adoption of sustainable and environment friendly products, will increase the market demand for Reactive Diluents in the near future.
Growing popularity of an alternative products to reactive diluent like phenolic, owing to its properties like excellent resistance to heat, toxic gases, chemical, and fire will create hurdles for the growth of global Reactive Diluents market industry.

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Geography – Segment Analysis
In 2019, APAC dominated the reactive diluents market with a share of more than 35%, followed by North America and Europe. The growth in APAC region is attribute to the growing transportation, urbanization, and population along with large industrial base across the region. Furthermore, the growing renewable energy sector primarily solar and wind energy in emerging economies of APAC includes China, India and South Korea, owing to availability of ample amount of sunlight, will also contribute for the growth of reactive diluent market industry in APAC region during the forecast period.

Drivers – Reactive Diluents Market
Growing uses of reactive diluent across various end-use industries
Need for solvent free or environment friendly anticorrosion reactive diluents

Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Reactive Diluents market. Major players in the Reactive Diluents Market are Hexion, Huntsman Corporation Corporation, BASF SE, Olin Corporation, Aditya Birla Chemicals, Sachem, Kukdo Chemical, Evonik Industries, Adeka Corporation and Cargill, EMS-Griltech, among others.

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Issued By rohitkurup99
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Tags reactive diluents market , reactive diluents market forecast , reactive diluents market growth , reactive diluents market report , reactive diluents market share , reactive diluents market size
Last Updated October 12, 2020