The reactive diluents market was estimated at USD 772.7 Million in 2016 and is projected to reach USD 1,072.0 Million by 2022, at a CAGR of 5.5% during the forecast period. In this study, 2016 has been considered as the base year, while the forecast period has been considered from 2017 to 2022.
The main objective of the study is to define, describe, and forecast the reactive diluents market based on type, application, and region. The report includes detailed information about the major factors, such as drivers, restraints, opportunities, and industry-specific challenges influencing the growth of the market. The report strategically analyzes the market segments with respect to individual growth trends, growth prospects, and contribution to the total market. In the report, the reactive diluents market has been studied for key regions, namely, North America, Europe, Asia Pacific, the Middle East & Africa, and South America.
In this report, market sizes have been derived from various research methodologies. In the secondary research process, different sources have been referred to, to identify and collect information for this study on the reactive diluents market. These secondary sources include annual reports, press releases, and investor presentations of companies, associations such as Epoxy Resin Committee (ERC), American Coatings Association, The World Paint & Coatings Industry Association, and others; and white papers, certified publications, and articles from recognized authors. In the primary research process, sources from both supply and demand sides have been interviewed to obtain qualitative and quantitative information for this report. The bottom-up approach has been used to estimate the market size, in terms of value.
Aliphatic is projected to be the largest segment of the market during the forecast period, in terms of both value and volume.
Based on type, the aliphatic segment is projected to be the largest segment of the reactive diluents market, in terms of both value and volume, during the forecast period. It is widely used as a reactive diluent in automotive, wind turbine, and building & construction industries. The increasing demand for composites in the automotive sector and the low raw material cost coupled with easy production process are the factors attributed to the growth of aliphatic reactive diluents.
The paints & coatings application of reactive diluents is projected to be the largest segment of the market between 2017 and 2022, in terms of both value and volume.
The paints & coatings application is expected to be the largest segment of the reactive diluents market during the forecast period. As the population rises globally, the demand for related infrastructure (such as buildings) increases. The consumption of reactive diluents in the paints & coatings application is high due to their superior properties, such as low VOC content, low viscosity, chemical resistance, and superior mechanical and electrical properties. These resins are commonly used in floor coating, primer, undercoating, tank lining, waterproof coating in civil construction, and binder coating.
Asia Pacific is projected to be the largest reactive diluents market between 2017 and 2022, in terms of both value and volume.
Asia Pacific is projected to be the largest market for reactive diluents during the forecast period. The demand for reactive diluents is high in the region is due to the large industrial base and high living standard of the population. In addition to this, the increasing use of reactive diluents in the automotive industry and related growth in emerging economies such as India, China, and South Korea also drives the reactive diluents market in the region.
The stakeholders in the reactive diluents market are:
Reactive Diluents Manufacturers
Reactive Diluents Traders, Distributors, and Suppliers
Raw Material Suppliers
Governments and Research Organizations
Associations and Industrial Bodies
Environment Support Agencies
Reactive Diluents Market, By Type:
Reactive Diluents Market, By Application:
Paints & Coatings
Others (potting and encapsulation of electronics components, tooling, and castings)
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