Market Scenario
Reactive diluents, commonly known as thinners, are added to
reduce the viscosity of substances. It not only reduces the viscosity but also
takes part in the polymerization process of the substance in which it is added.
Reactive diluents are commonly added to the epoxy resin to increase its
flexibility and handling properties. Epoxy resins are widely used in the
manufacturing paints & coatings, adhesives & sealants, and composites,
which, in turn, is used in various end-use industries such as building &
construction, automotive, electrical & electronics, wind energy, and other.
Regional Analysis
The global reactive diluents market is spanned across five
regions namely Asia Pacific, North America, Europe, Latin America, and the
Middle East and Africa. Asia Pacific is expected to be the largest market for
reactive diluents, followed by North America and Europe. Asia Pacific market is
driven by the growing construction, automotive, and electrical &
electronics industry. North America, the Middle East & Africa, and Latin
America markets are driven by the building & construction industry. The
growth of the European market is driven by the presence of strong automotive
& wind energy industry.
Competitive Analysis
Some of the key players in the global Reactive
Diluents Market are BASF SE (Germany), Evonik Industries AG
(Germany), Bodo Möller Chemie GmbH (Germany), Ipox Chemicals GmbH (Germany),
Huntsman Corporations (U.S.), UL LLC (U.S.), Cargill, Incorporated
(U.S.), Air Products and Chemicals, Inc. (U.S.), Hexion.(U.S.), SACHEM
Inc. (U.S.), Aditya Birla Chemicals (India), Arkema SA (France), Nippon
Shokubai Co., LTD (Japan), ADEKA CORPORATION (Japan), and EMS-CHEMIE HOLDING AG
(Switzerland).
Market Segmentation
The global reactive diluents market is segmented into
type, application, end-use industry, and region.
On the basis of the type, the global reactive diluents
market is segmented into aliphatic, aromatic, and cycloaliphatic. The aliphatic
type is projected to be the largest and the fastest-growing segment in the
global market during the forecast period due to its low cost and easy
manufacturing process.
On the basis of the application, the global reactive
diluents market is segmented into paints & coatings, composites, adhesives
& sealants, and others. The paints & coatings are expected to hold the
major market share due to their wide end-use applications in industries such as
building & construction and automotive industry.
On the basis of the end-user industry, the global reactive
diluents market is segmented into automotive, construction, electrical &
electronics, wind energy, and others. The construction industry accounted for
the largest share of the overall market and is expected to continue dominating
the market due to rapid industrialization in emerging countries, and increasing
renovation activities in countries such as the U.S. and the U.K.
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